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Quadpro ITES IPO is a fixed price issue of Rs 14.10 crores. The issue is a combination of fresh issue of 63 lakh shares aggregating to Rs 12.60 crores and offer for sale of 7.5 lakh shares aggregating to Rs 1.50 crores.
Quadpro ITES IPO bidding started from September 20, 2021 and ended on September 22, 2021. The allotment for Quadpro ITES IPO was finalized on Monday, September 27, 2021. The shares got listed on NSE SME on September 30, 2021.
Quadpro ITES IPO price is ₹20 per share. The minimum lot size for an application is 6000 Shares. The minimum amount of investment required by retail investors is ₹120,000.
Beeline Broking Ltd is the book running lead manager of the Quadpro ITES IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Quadpro ITES IPO RHP for detailed information.
| IPO Date | September 20, 2021 to September 22, 2021 |
| Listing Date | September 30, 2021 |
| Face Value | ₹2 per share |
| Price | ₹20 per share |
| Lot Size | 6000 Shares |
| Total Issue Size | 7,050,000 shares (aggregating up to ₹14.10 Cr) |
| Fresh Issue | 6,300,000 shares (aggregating up to ₹12.60 Cr) |
| Offer for Sale | 750,000 shares of ₹2 (aggregating up to ₹1.50 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 354,000 shares |
Quadpro ITES IPO offers 7,050,000 shares. 3,348,000 (47.49%) to NII, 3,348,000 (47.49%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 354,000 (5.02%) |
| Other Shares Offered | 3,348,000 (47.49%) |
| Retail Shares Offered | 3,348,000 (47.49%) |
| Total Shares Offered | 7,050,000 (100%) |
Quadpro ITES IPO opens on September 20, 2021, and closes on September 22, 2021.
| IPO Open Date | Monday, September 20, 2021 |
| IPO Close Date | Wednesday, September 22, 2021 |
| Basis of Allotment | Monday, September 27, 2021 |
| Initiation of Refunds | Tuesday, September 28, 2021 |
| Credit of Shares to Demat | Tuesday, September 28, 2021 |
| Listing Date | Thursday, September 30, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 22, 2021 |
Investors can bid for a minimum of 6000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6000 | ₹120,000 |
| Retail (Max) | 1 | 6000 | ₹120,000 |
| Lot Size Calculator | |||
Airan Limited, Mr. Nandira Biddappa Thimmaiah, Mr. Sandeepkumar Agrawal And Mr. Abhishek Agrawal are the company promoters.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 72.11% |
Quadpro provides end-to-end solutions to the Banking, Insurance, and Telecom industries. Company’s product offerings are divided into Quad Quick: For Banking and Financial Services Industries, Quad Sure: For Insurance Industry, and Quad Comm: For Telecomm Industry. The company has exclusive tie-ups with all leading hardware and software solution providers to provide the latest range of desktops, servers, and scanners as part of the solution.
The company's services include Cheque Truncation, QuadScan - DMS Solution, Cash Management Services, and Cheque processing and Clearing Support. The company has its headquarter in Bangalore.
Competitive Strengths
| Particulars | For the year/period ended (₹ in Lakhs) | ||||
|---|---|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |||
| Total Assets | 549.62 | 507.33 | 626.53 | ||
| Total Revenue | 1,034.95 | 1,291.02 | 1,507.20 | ||
| Profit After Tax | 72.68 | 21.17 | (66.07) | ||
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 68.96 |
[Dilip Davda] QIL is in a highly competitive and fragmented segment. The last three fiscalââ‚-â„¢s financial data have shown declining trends in the top line. Super profits for FY21 i.e. in the pre-IPO year raises eyebrows. IPO pricing is very aggressive though based on such super earnings. The company is way behind its peers in turnover aspects. Considering all these, one may ignore this issue. Read detail review...
The Quadpro ITES IPO is subscribed 16.12 times on September 22, 2021 5:00:00 PM. The public issue subscribed 23.53 times in the retail category, times in the QIB category, and 8.71 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 8.71 |
| Retail | 23.53 |
| Total | 16.12 |
| Listing Date | September 30, 2021 |
| BSE Script Code | |
| NSE Symbol | QUADPRO |
| ISIN | INE0GOJ01027 |
| Final Issue Price | ₹20 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹20.00 |
| ₹19.80 |
| ₹18.85 |
| ₹20.00 |
| ₹19.85 |
Quadpro ITeS Limited
No.17, 3rd Cross,
Lalbagh Road,
Bangalore -560027
Phone: +91-80-4911 8300;
Email: quadpro.cs@gmail.com
Website: https://www.quadpro.co.in
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: quadpro.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
SME Company Owners
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Quadpro ITES IPO is a SME IPO of 7,050,000 equity shares of the face value of ₹2 aggregating up to ₹14.10 Crores. The issue is priced at ₹20 per share. The minimum order quantity is 6000 Shares.
The IPO opens on September 20, 2021, and closes on September 22, 2021.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Quadpro ITES IPO using UPI as a payment gateway. Zerodha customers can apply in Quadpro ITES IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Quadpro ITES IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Quadpro ITES IPO opens on September 20, 2021 and closes on September 22, 2021.
Quadpro ITES IPO lot size is 6000 Shares, and the minimum amount required is ₹120,000.
You can apply in Quadpro ITES IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Quadpro ITES IPO will be done on Monday, September 27, 2021, and the allotted shares will be credited to your demat account by Tuesday, September 28, 2021. Check the Quadpro ITES IPO allotment status.
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