The initial public offering (IPO) of Quadrant Future Tek Limited will open on January 7, 2025, and close on January 9, aiming to raise Rs 290 crore. The book-built issue is entirely fresh, with a price band of Rs 275-290 per share. The proceeds from the IPO will be directed towards the company's working capital requirements, capital expenditure, loan repayment, and general corporate purposes. With the estimated listing price at Rs 470, investors could see a potential gain of 62.07% from the IPO.
Quadrant Future Tek: A Rising Star in the Tech Industry Prepares for IPO
Background
Quadrant Future Tek Limited is a fast-growing technology company headquartered in Bengaluru, India. Established in 2010, the company specializes in providing innovative solutions in the areas of cybersecurity, cloud computing, and data analytics. Over the years, Quadrant Future Tek has built a strong client base, including several Fortune 500 companies.
IPO Details
The company is set to make its initial public offering (IPO) on January 7, 2025, with the issue closing on January 9. The issue is entirely fresh, with no offer for sale (OFS) component. The price band for the IPO has been set at Rs 275-290 per share.
The proceeds from the IPO will be used for the following purposes:
Market Expectations
Analysts are optimistic about the prospects of the Quadrant Future Tek IPO. The company's strong financial performance, experienced management team, and innovative product offerings make it an attractive investment opportunity.
According to Google search, the estimated listing price for the company is Rs 470 per share. This suggests that investors could potentially see a gain of 62.07% from the IPO.
Top 5 FAQs
1. What is the IPO timeline?
2. What is the price band for the IPO?
3. What are the proceeds from the IPO going to be used for?
4. What is the estimated listing price for the company?
5. What are the potential risks associated with investing in the IPO?
Past Events
This is the company's first IPO. However, it has raised capital in the past through private equity and venture capital investments. In 2019, the company raised $50 million in a Series C funding round led by Accel Partners.
Conclusion
The Quadrant Future Tek IPO is a significant event in the Indian tech industry. The company's strong fundamentals and growth potential make it an attractive investment opportunity for investors. The IPO is expected to be well-received by the market, with analysts predicting a substantial premium at the time of listing.
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