India News Get -BusinessQuadrant Future Tek Limited, Capital Infra Trust InvIT । IPO Subscription Details
Today is the last day to bid for the initial public offering (IPO) of Quadrant Future Tech Limited and Capital Infra Trust InvIT. Over the past two trading days, Quadrant Future Tech’s IPO has been subscribed a total of 51.82 times. In the Retail category, this issue was subscribed a maximum of 145.42 times. Meanwhile, it was subscribed 0.48 times in the Qualified Institutional Buyers (QIB) category and 92.08 times in the Non-Institutional Investors (NII) category.
At the same time, the details of the Capital Infra Trust InvIT IPO subscription are not visible. It will be updated when details are received. The shares of the two companies will be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on January 14. Take us through the companies and IPO one by one.
1. Quadrant Future Tech Limited
Quadrant Future Tech Limited aims to raise a total of ₹290 crore through its IPO. For this, the company is issuing 1,00,00,000 new shares worth ₹290 crore. Existing investors or promoters of the company are not selling even a single share.
Retail investors can bid for up to 650 shares
Quadrant Future Tech Limited has set the IPO price band at ₹275 to ₹290. Individual investors can bid on at least one lot, i.e. 50 shares. If you apply for 1 lot in the upper IPO price band of ₹290, then you will need to invest ₹14,500.
While retail investors can apply for a maximum of 13 lots, or 650 shares. For this, investors will have to invest ₹1,88,500 as per the upper price band.
The company develops train control and signaling systems
Quadrant is a research company developing next-generation train control and signaling systems for Indian Railways under the Kavach Project. This increases the safety and reliability of rail passengers. The company also has a special cable manufacturing plant as well as an electron beam irradiation center.
2. Capital Infra Trust InvIT
Capital Infra Trust aims to raise a total of ₹1,578 crore through InvIT’s IPO. For this, the company is issuing 10,77,00,000 shares worth Rs 1,077 crore. Existing investors of the company are selling 5,01,00,000 shares worth ₹501 crore through Offer for Sale i.e. OFS.
Retail investors can bid for up to 1,950 shares
Capital Infra Trust InvIT has fixed the price band of this issue between ₹99 and ₹100. Individual investors can bid on at least one lot, i.e. 150 shares. If you are applying for 1 lot in the upper IPO price band of ₹100, then you will need to invest ₹15,000.
At the same time, retail investors can apply for a maximum of 13 lots, or 1950 shares. For this, investors will have to invest ₹1,95,000 as per the upper price band.
What is IPO?
When a company issues its shares to the general public for the first time, it is called an initial public offering, i.e. an IPO. The company needs money to expand its business. In such a situation, instead of taking a loan from the market, the company raises funds by selling some shares to the public or issuing new shares. For this, the company brings an IPO.