What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the estimated listing price for Quadrant Future Tek Limited IPO?

Based on the upper price band of ₹290 and current GMP of ₹105, the estimated listing price is ₹395 (approx. 36.2% gain).

What is the expected profit per lot for Quadrant Future Tek Limited IPO?

With a lot size of 50 shares and current GMP of ₹105, expected profit per retail application lot is approximately ₹5,250.

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Grey Market Intelligence

Quadrant Future Tek Limited

ListedMainboard

Information Technology · NSE / BSE

Quadrant Future Tek Limited, established in September 2015, focuses on creating advanced Train Control and Signaling Systems for the Indian Railways' KAVACH project, ensuring safer and more reliable travel for passengers. The company also runs a state-of-the-art cable manufacturing facility in Basma, Mohali, Punjab, equipped with an Electron Beam Irradiation Centre. This facility specializes in producing and testing high-quality cables and hardware for their Train Control & Signaling Division. Committed to innovation and quality, Quadrant Future Tek follows ISO, IRIS, and TS standards with strict Quality Management Systems. As of October 31, 2024, the company proudly employs 295 people across its manufacturing unit, design center for railway signaling and embedded systems, and corporate offices.

Price Band

₹275 – ₹290

Issue Size

₹290 Cr

Lot Size

50 shares

GMP

₹105

+36.2%

Est. Listing

₹395

at current GMP

Subscribed

186.90x

overall

Open

7 Jan 2025

9 Jan 2025

Allotment

10 Jan 2025

Refund

11 Jan 2025

Demat Credit

12 Jan 2025

Listing

14 Jan 2025

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Quadrant Future Tek Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹105+36.2%

Issue Price (Upper)

₹290

Band: ₹275 – ₹290

Estimated Listing Price

₹395

Upper price + GMP

Lot Size

50 shares

Min investment ₹14,500

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹105	36.2%	₹395
30 Oct 2026	+₹105	36.2%	₹395
29 Oct 2026	+₹95	32.6%	₹385

About Quadrant Future Tek Limited Public Issue & Market Profile

Quadrant Future Tek Limited is bringing an initial public offering (IPO) in the Information Technology sector with an aggregate issue size of ₹290 Crores. The shares are offered at a price band of ₹275 to ₹290 per equity share on NSE and BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.

Public Issue & Pricing Context:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Basis of Allotment & Listing Timeline:

Following the close of bidding on 2025-01-09, the basis of allotment is scheduled to be finalized on 2025-01-10. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Link Intime India Private Limited) or the BSE allotment checking window.

Frequently Asked Questions

What is Quadrant Future Tek Limited IPO GMP today?

The latest grey market premium for Quadrant Future Tek Limited IPO is ₹105, which indicates an expected listing price of ₹395.

What does Kostak Rate and Sauda mean in IPO GMP?

Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.

Is Grey Market Premium officially recognized?

No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.