Stock Crash: This company's IPO was subscribed nearly 200 times, but today the stock fell below its IPO price.:

News Topical, Digital Desk : IPO News: Quadrant Future Tek, one of the early 2025 IPOs, is proving to be a particularly disappointing IPO for investors. The stock did surge 17% on Friday, December 19th, briefly reaching its IPO price of ₹290, but by the end of trading, it had slipped back below the issue price. This surge also broke a three-day losing streak.

The IPO received a strong response.

Quadrant Future Tek's ₹290 crore IPO was heavily subscribed within three days. Overall, the issue received 187 times subscription. Retail investors were the most interested.

The retail category saw bids for 260.4 million shares against the 10.5 lakh shares, making the portion 247 times subscribed. Institutional investors' share was subscribed 132.5 times, and non-institutional investors' (NII) share was subscribed 254.7 times.

After an initial surge, followed by a decline,

the stock had a strong listing with a 20% gain. It subsequently reached a post-listing high of ₹744 on February 6. This level represented a return of approximately 2.5 times compared to the IPO price of ₹290. This return was achieved within just one month of listing. Since then, the stock has seen a steady decline and is well below its peak levels.

Company's Business and Trading Status Quadrant Future Tek develops next-generation train control and signaling systems, specialty cables, and interconnect products for security and passenger services. In the September quarter, the company's revenue grew 20% quarter-on-quarter, but was lower than the same quarter last year. Furthermore, the company has reported two consecutive quarters of EBITDA losses. Strong Order Book Growth By the end of the first half of FY26, the company's order book stood at ₹1,156 crore, compared to ₹77 crore in the same period last year. This reflects a strong growth in the order book. Looking at the company's shareholding pattern, as of September 30, mutual funds in India held a 3.16% stake in the company, of which Kotak Manufacturing in India Fund held a 2.19% stake. Approximately 40,000 retail shareholders hold a 13% stake in the company. Retail shareholders are investors with authorized share capital of up to ₹2 lakh.

Shares in Quadrant Future Tek were trading at ₹278.65, up 9% during the trading session. Despite this, the stock remains below its IPO price of ₹290.