FREE Account Opening + No Clearing Fees

Quadpro ITeS Limited IPO (Quadpro ITES IPO) Detail

September 20, 2021 - September 22, 2021

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.

Quadpro ITES IPO Details

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 Size7,050,000 shares
(aggregating up to ₹14.10 Cr)
Fresh Issue6,300,000 shares
(aggregating up to ₹12.60 Cr)
Offer for Sale750,000 shares of ₹2
(aggregating up to ₹1.50 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Market Maker portion354,000 shares

Quadpro ITES IPO Reservation

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 Offered354,000 (5.02%)
Other Shares Offered3,348,000 (47.49%)
Retail Shares Offered3,348,000 (47.49%)
Total Shares Offered7,050,000 (100%)

Quadpro ITES IPO Timeline (Tentative Schedule)

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

Quadpro ITES IPO Lot Size

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

Quadpro ITES IPO Promoter Holding

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%

About Quadpro ITeS Limited

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

  • 11 years of experience in IT, ITeS, and BPM Services.
  • An ISO 9001: 2015 and 27001:2013 certified company.
  • Pan India presence with branches in Mumbai, New Delhi, Chennai, Kolkata, Hyderabad, and head office in Bangalore.
  • Arian Ltd, a public listed established company is the majority stakeholder in the company.

Company Financials

Summary of financial Information (Restated Consolidated)
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)

Key Performance Indicator

Pre IPO Post IPO
P/E (x) 68.96

Objects of the Issue (Quadpro ITES IPO Objectives)

  • To Meet Capital Expenditure Requirements.
  • Acquisitions and Other Strategic Initiatives.
  • General Corporate purposes.

Quadpro ITES IPO Review (Avoid)

[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...

Quadpro ITES IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)

Quadpro ITES IPO Prospectus

Quadpro ITES IPO Rating

Rating:Rated 3.5 stars
Vote Here ...

Quadpro ITES IPO Listing Details

Listing Date September 30, 2021
BSE Script Code
Final Issue Price ₹20 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

Check IPO Performance…

Quadpro ITeS Limited Contact Details

Quadpro ITeS Limited
No.17, 3rd Cross,
Lalbagh Road,
Bangalore -560027
Phone: +91-80-4911 8300;

Quadpro ITES IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000

Quadpro ITES IPO - Buy or Not

Quadpro ITES IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 0 0 0

Read All Reviews Post Your Review Manage Reviews

SME IPO Enquiry

SME Company Owners
We could help you get listed on the stock market.

Contact us Today

Check our SME IPO Guide New


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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Quadpro ITES IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

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.

The Quadpro ITES IPO listing date is on September 30, 2021.
Open an Instant Account with Zerodha

Quadpro ITES IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



28. IPO Electrifying |   Link |  Bookmark |September 30, 2021 8:38:02 AM
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
Today listing......
All the best to allottees......
28.4. MRavichandran |   Link |  Bookmark |September 30, 2021 9:58:57 AM
IPO Guru IPO Guru (2000+ Posts, 2700+ Likes)
@dinesh, agreed. I was wrong (its just my guess only, seeing the business model and subscription fig), lets see in next few days/weeks if it will give good returns or opposite !

28.5. MRavichandran |   Link |  Bookmark |September 30, 2021 10:13:02 AM
IPO Guru IPO Guru (2000+ Posts, 2700+ Likes)
some big fish is accumulating all the shares, will go into operators hand soon. IPO allotees may hold on to this if you can take risk.

27. IPO Electrifying |   Link |  Bookmark |September 30, 2021 10:10:49 AM
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
After discount listing, one thing is sure,
Apply SME IPO at your own risk...
26. Chalak lomdi |   Link |  Bookmark |September 27, 2021 11:40:21 PM
IPO Guru IPO Guru (1400+ Posts, 900+ Likes)
Aaj 2 listing hua prevest me 1.70 lakh naffa aur markoline me 34 k loss. Look like quadpro me 20k loss ginke chalo.. Baki uper ka profit hi profit...
26.1. lomdi |   Link |  Bookmark |September 30, 2021 10:10:14 AM
IPO Guru IPO Guru (1400+ Posts, 900+ Likes)
sirf ( -1200 ) hua...
25. SSingh |   Link |  Bookmark |September 30, 2021 9:54:19 AM
IPO Guru IPO Guru (1400+ Posts, 800+ Likes)
1% Discount. Too much retail participation seems like the issue. Lets see how it performs in coming days!
24. Tejasbhatt |   Link |  Bookmark |September 27, 2021 8:19:19 PM
Koi premium milega ?
24.7. Chalak lomdi |   Link |  Bookmark |September 29, 2021 2:03:38 PM
IPO Guru IPO Guru (1400+ Posts, 900+ Likes)
no premium mota bhai...
24.8. Dinesh Singh |   Link |  Bookmark |September 30, 2021 9:52:16 AM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
Dear Small,
Where is good premium?
Listed at discount.
In SME always follow LM. Don''t follow NII subscription.
Beeline is bakwaas LM.
23. IPO Electrifying |   Link |  Bookmark |September 28, 2021 7:47:55 PM
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
If think it will list in discount,
Then why you are all applying.
It is better to invest in good
quality stock.
23.1. DHARMENDRA SHARMA |   Link |  Bookmark |September 28, 2021 10:01:05 PM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
Dear IPO Electrifying,
The market is in correction mode,
Please advice some Good quality stock for long term.
Thank you.
23.2. IPO Electrifying |   Link |  Bookmark |September 29, 2021 8:47:06 AM
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
At the moment, market is too much
Expensive compare to price. Let''s correction
22. IPO Electrifying |   Link |  Bookmark |September 28, 2021 8:47:30 AM
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
If mkt breath negative than it will
List at discount otherwise it will list
At premium.
21. Chalak lomdi |   Link |  Bookmark |September 27, 2021 11:38:53 PM
IPO Guru IPO Guru (1400+ Posts, 900+ Likes)

Quadpro sme allotment out
20. Vipul M Shah |   Link |  Bookmark |September 27, 2021 7:34:17 PM (400+ Posts)
SBI started remove lien amount.
19. Vipul M Shah |   Link |  Bookmark |September 27, 2021 4:28:05 PM (400+ Posts)
When will we able to check allotment status in Kfintech ?
19.1. Ankur Goel |   Link |  Bookmark |September 27, 2021 4:51:21 PM
IPO Guru IPO Guru (1000+ Posts, 500+ Likes)
it should be available by 8 pm today as per recent trend from Kfintech
18. Niravj |   Link |  Bookmark |September 22, 2021 3:49:29 AM
SBI shows Quadpro IPO in NetBanking.
Can I apply in it using my demat of Zerodha and ICICI Direct
18.1. ColdBurger |   Link |  Bookmark |September 26, 2021 12:36:13 AM
IPO Mentor IPO Mentor (1300+ Posts, 400+ Likes)
I too have similar question. Can I apply any SME I can from kotak? Zorofdha recieve karne mein nakhra to nahi karega?
17. Vipul M Shah |   Link |  Bookmark |September 24, 2021 5:30:58 PM (400+ Posts)
Thanks for your prompt reply....
16. Vipul M Shah |   Link |  Bookmark |September 24, 2021 3:12:20 PM (400+ Posts)
I request Chalak Lomdi to please express your views regarding this SME as Retailors have already subscribed more than 23 times.
16.1. Chalak lomdi |   Link |  Bookmark |September 24, 2021 5:04:33 PM
IPO Guru IPO Guru (1400+ Posts, 900+ Likes)
Sir no premium now... I already sold and apply.
15. SMEKINGDOM |   Link |  Bookmark |September 24, 2021 11:24:47 AM
14. Vipul M Shah |   Link |  Bookmark |September 23, 2021 7:55:24 PM (400+ Posts)
Any subject to rate ?
13. Viraj. |   Link |  Bookmark |September 23, 2021 7:21:11 PM
IPO Mentor IPO Mentor (900+ Posts, 1100+ Likes)
FV 2 Rs. Only....
12. Chalak lomdi |   Link |  Bookmark |September 20, 2021 1:43:09 PM
IPO Guru IPO Guru (1400+ Posts, 900+ Likes)
Quadpro subject to 7500
12.11. traderji |   Link |  Bookmark |September 22, 2021 5:32:27 PM
@chalak lomdi @mamu kuch to share karo contact number email id kaha sale kare application ..... Mr india kyu bane hue ho
12.12. Chalak lomdi |   Link |  Bookmark |September 22, 2021 6:44:55 PM
IPO Guru IPO Guru (1400+ Posts, 900+ Likes)
@traderji fir se late.... :) 1 baje ka reply 5 baje deta he.... you missed chance ...
11. Tejasbhatt |   Link |  Bookmark |September 22, 2021 5:44:41 PM
Any subject to rate ?
11.1. Chalak lomdi |   Link |  Bookmark |September 22, 2021 6:43:07 PM
IPO Guru IPO Guru (1400+ Posts, 900+ Likes)
no rate.... last rate was 1 pm
10. Akshat Shah |   Link |  Bookmark |September 22, 2021 5:30:52 PM
how much current s2 rate?is it closed?
9. DownriteVJ |   Link |  Bookmark |September 22, 2021 2:51:42 PM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)

Whats your call?
9.1. jstm |   Link |  Bookmark |September 22, 2021 3:05:17 PM
IPO Guru IPO Guru (1300+ Posts, 3200+ Likes)
Dear Downrite VJ , IMO Avoid it. Only RIIs are applying. NIIs are still below 10x @ 3 PM.