Quadpro ITeS Limited IPO (Quadpro ITES IPO) Detail

Sep 20, 2021 - Sep 22, 2021

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)

Objects of the Issue

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

Quadpro ITES IPO Details

Quadpro ITES IPO Date Sep 20, 2021 to Sep 22, 2021
Quadpro ITES IPO Face Value ₹2 per share
Quadpro ITES IPO Price ₹20 per share
Quadpro ITES IPO Lot Size 6000 Shares
Issue Size7,050,000 shares of ₹2
(aggregating up to ₹14.10 Cr)
Fresh Issue6,300,000 shares of ₹2
(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
Company Promoters

Airan Limited, Mr. Nandira Biddappa Thimmaiah, Mr. Sandeepkumar Agrawal And Mr. Abhishek Agrawal are the company promoters.

Quadpro ITES IPO Timeline (Tentative Timetable)

Quadpro ITES IPO opens on Sep 20, 2021, and closes on Sep 22, 2021. The Quadpro ITES IPO bid date is from Sep 20, 2021 10.00 A.M. to Sep 22, 2021 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Date
Quadpro ITES IPO Opening Date Sep 20, 2021
Quadpro ITES IPO Closing Date Sep 22, 2021
Basis of Allotment Sep 27, 2021
Initiation of Refunds Sep 28, 2021
Credit of Shares to Demat Sep 28, 2021
Quadpro ITES IPO Listing Date Sep 30, 2021

Quadpro ITES IPO Lot Size

The Quadpro ITES IPO lot size is 6000 shares. A retail-individual investor can apply for up to 1 lots (6000 shares or ₹120,000).

Application Lots Shares Amount
Retail (Min) 1 6000 ₹120,000
Retail (Max) 1 6000 ₹120,000

Quadpro ITES IPO Promoter Holding

Pre Issue Share Holding 100%
Post Issue Share Holding 72.11%

Quadpro ITES IPO Review

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 Sep 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
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Quadpro ITES IPO Listing Date

Listing Date Thursday, September 30, 2021
BSE Script Code
Listing In ST Group of Securities
IPO Price ₹20 per share
Face Value ₹2 per share

Listing Day Trading Information

IPO Price
Last Trade
IPO Price: ₹20.00
Open: ₹19.80
Low: ₹18.85
High: ₹20.00
Last Trade: ₹19.85

Company Contact Information

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 Review

Quadpro ITES IPO Recommendation Summary

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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 Sep 20, 2021, and closes on Sep 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 Sep 20, 2021 and closes on Sep 22, 2021.

Quadpro ITES IPO lot size is 6000 Shares and the minimum order quantity is .

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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Quadpro ITES IPO will be done on Sep 27, 2021, and the allotted shares will be credited to your demat account by Sep 28, 2021. Check the Quadpro ITES IPO allotment status.

The Quadpro ITES IPO listing date is on Thursday, September 30, 2021.
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Quadpro ITES IPO Message Board

Ranked Members of Forum  Ranked Members | Most Liked Members



28. IPO Electrifying |   Link |Sep 30, 2021 8:38:02 AM
IPO Mentor IPO Mentor (500+ Posts, 400+ Likes)
Today listing......
All the best to allottees......
28.4. MRavichandran |   Link |Sep 30, 2021 9:58:57 AM
IPO Guru IPO Guru (1500+ Posts, 2100+ 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 |Sep 30, 2021 10:13:02 AM
IPO Guru IPO Guru (1500+ Posts, 2100+ 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 |Sep 30, 2021 10:10:49 AM
IPO Mentor IPO Mentor (500+ Posts, 400+ Likes)
After discount listing, one thing is sure,
Apply SME IPO at your own risk...
26. Chalak lomdi |   Link |Sep 27, 2021 11:40:21 PM
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 |Sep 30, 2021 10:10:14 AM
sirf ( -1200 ) hua...
25. SSingh |   Link |Sep 30, 2021 9:54:19 AM
1% Discount. Too much retail participation seems like the issue. Lets see how it performs in coming days!
24. Tejasbhatt |   Link |Sep 27, 2021 8:19:19 PM
Koi premium milega ?
24.7. Chalak lomdi |   Link |Sep 29, 2021 2:03:38 PM
no premium mota bhai...
24.8. Dinesh Singh |   Link |Sep 30, 2021 9:52:16 AM
IPO Guru IPO Guru (1000+ Posts, 400+ 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 |Sep 28, 2021 7:47:55 PM
IPO Mentor IPO Mentor (500+ 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 |Sep 28, 2021 10:01:05 PM
Top Contributor Top Contributor (200+ 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 |Sep 29, 2021 8:47:06 AM
IPO Mentor IPO Mentor (500+ Posts, 400+ Likes)
At the moment, market is too much
Expensive compare to price. Let''s correction
22. IPO Electrifying |   Link |Sep 28, 2021 8:47:30 AM
IPO Mentor IPO Mentor (500+ Posts, 400+ Likes)
If mkt breath negative than it will
List at discount otherwise it will list
At premium.
21. Chalak lomdi |   Link |Sep 27, 2021 11:38:53 PM

Quadpro sme allotment out
20. Vipul M Shah |   Link |Sep 27, 2021 7:34:17 PM
Top Contributor Top Contributor (200+ Posts)
SBI started remove lien amount.
19. Vipul M Shah |   Link |Sep 27, 2021 4:28:05 PM
Top Contributor Top Contributor (200+ Posts)
When will we able to check allotment status in Kfintech ?
19.1. Ankur Goel |   Link |Sep 27, 2021 4:51:21 PM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
it should be available by 8 pm today as per recent trend from Kfintech
18. Niravj |   Link |Sep 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 |Sep 26, 2021 12:36:13 AM
IPO Mentor IPO Mentor (800+ Posts, 200+ 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 |Sep 24, 2021 5:30:58 PM
Top Contributor Top Contributor (200+ Posts)
Thanks for your prompt reply....
16. Vipul M Shah |   Link |Sep 24, 2021 3:12:20 PM
Top Contributor Top Contributor (200+ 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 |Sep 24, 2021 5:04:33 PM
Sir no premium now... I already sold and apply.
15. SMEKINGDOM |   Link |Sep 24, 2021 11:24:47 AM
14. Vipul M Shah |   Link |Sep 23, 2021 7:55:24 PM
Top Contributor Top Contributor (200+ Posts)
Any subject to rate ?
13. Viraj. |   Link |Sep 23, 2021 7:21:11 PM
IPO Mentor IPO Mentor (800+ Posts, 1000+ Likes)
FV 2 Rs. Only....
12. Chalak lomdi |   Link |Sep 20, 2021 1:43:09 PM
Quadpro subject to 7500
12.11. traderji |   Link |Sep 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 |Sep 22, 2021 6:44:55 PM
@traderji fir se late.... :) 1 baje ka reply 5 baje deta he.... you missed chance ...
11. Tejasbhatt |   Link |Sep 22, 2021 5:44:41 PM
Any subject to rate ?
11.1. Chalak lomdi |   Link |Sep 22, 2021 6:43:07 PM
no rate.... last rate was 1 pm
10. Akshat Shah |   Link |Sep 22, 2021 5:30:52 PM
how much current s2 rate?is it closed?
9. DownriteVJ |   Link |Sep 22, 2021 2:51:42 PM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)

Whats your call?
9.1. jstm |   Link |Sep 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.