Quadrant Future Tek IPO Fully Subscribed

New Delhi: The initial public offer of Quadrant Future Tek Ltd got fully subscribed within minutes of opening for share sale on Tuesday. The initial share sale received bids for 1,93,57,350 shares against 57,99,999 shares on offer, reflecting 3.34 times subscription, as per NSE data till 10:57 hours.

The portion for Retail Individual Investors (RIIs) fetched 13.79 times subscription while the quota for non-institutional investors received 3.03 times subscription. Quadrant Future Tek on Monday said it has raised over Rs130 crore from anchor investors. The public issue, with a price band of Rs275-290 per share for its initial share sale, will conclude on Thursday.