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Quadpro ITES IPO Details

IPO Open Sep 20, 2021
IPO Close Sep 22, 2021
IPO Price ₹20
Face Value ₹2
IPO Size ₹14.10 Cr
Listing At NSE SME
Lot Size 6000
Open an Instant Account with Zerodha
wpeA5.jpg (1290 bytes) QUADPRO ITES LIMITED
CIN: U67190KA2010PLC055750

Our Company was originally incorporated as Private Limited Company in the name of "Quadpro Eservices Private Limited" under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated November 03, 2010 issued by the Deputy Registrar of Companies, Karnataka. Subsequently, the name of our company was changed to QuadprolTeS Private Limited on March 24, 2021 with certificate of Incorporation pursuant to change of name issued by Registrar of Companies, Bangalore. Consequent up on the conversion of our Company into public limited company, the name of our Company was changed to "Quadpro ITES Limited" and fresh certificate of incorporation dated April 7, 2021 was issued by the Registrar of Companies, Bangalore.

Registerea Office: No.17, 3rd Cross, Lalbagh Road, Bangalore -560027 Karnataka. Tel No: +91-80-4911 8300;
E-mail: quaapro.cs@gmail.com; Website: www.quaapro.co.in
Contact Person: Ms. Stutiben Kalpesnkumar Kinariwala (Company Secretary and Compliance Officer)
PROMOTERS OFTHE COMPANY: AIRAN LIMITED, MR.NANDIRA BIDDAPPATHIMMAIAH, MR.SANDEEP KUMAR AGRRAWAL AND MR.ABHISHEK AGRAWAL
BASIS OF ALLOTEMENT SME IPO (NSE EMERGE)

INITIAL PUBLIC OFFER OF 70,50,000 EQUITY SHARES OF FACE VALUE OF Rs 2 EACH ("EQUITY SHARES") OF QUADPRO ITES LIMITED ("QUADPRO" OR THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF Rs 20 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF Rs 18 PER EQUITY SHARE) AGGREGATING TO Rs 1410.00 LAKHS (THE "OFFER") COMPRISING OF A FRESH ISSUE UPTO 63,00,000 EQUITY SHARES AGGREGATING TO Rs 1260.00 LAKHS (THE "FRESH ISSUE") AND AN OFFER FOR SALE OF 7,50,000 EQUITY SHARES BY PROMOTER SELLING SHAREHOLDER- MR. NANDIRA BIDDAPPA THIMMAIAH AGGREGATING TO Rs 150.00 LAKHS ("OFFER FOR SALE") OF WHICH 3,54,000 EQUITY SHARES OF FACE VALUE OF Rs 2 /- EACH FOR CASH AT A PRICE OF Rs 20/- PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF Rs 18/- PER EQUITY SHARE AGGREGATING TO Rs 70.80LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE OFFER (THE "MARKET MAKER RESERVATION PORTION"). THE OFFER LESS THE MARKET MAKER RESERVATION PORTION I.E. NET OFFER OF 66,96,000 EQUITY SHARES OF FACE VALUE OF Rs 2 /- EACH AT A PRICE OF Rs 20/- PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF Rs 18/- PER EQUITY SHARE AGGREGATING TO Rs 1339.20 LAKHS (THE "NET OFFER"). THE OFFER AND THE NET OFFER WILL CONSTITUTE 27.89% AND 26.49% RESPECTIVELY OF THE POST OFFER PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.

In terms of the Prospectus dated September 09, 2021 and as per 253(2) of the SEBI (ICDR) Regulations, 2018 wherein allocation in the net offer to the public category shall be;

(a) minimum of 50% to Retail Individual Investors and (b) remaining to

i) individual applicants other than retail individual investors and

ii) other investors including corporate bodies or institutions, irrespective of number of specified securities applied for, Provided that the unsubscribed portion in either of the categories specified in clauses (a) or (b) may be allocated to applicants in the other category.

Explanation: If the retail individual investor category is entitled to more than fifty per cent. of the Net offer size on a proportionate basis, the retail individual investors shall be allocated that higher percentage.

THE FACE VALUE OF THE EQUITY SHARES IS Rs 2/- EACH AND THE OFFER PRICE IS Rs 20/- EACH INCLUDING A SHARE PREMIUM OF Rs 18/- PER EQUITY SHARE. THE OFFER PRICE IS 10 TIMES OF THE FACE VALUE. OFFER WAS OPENED ON MONDAY, SEPTEMBER 20, 2021 AND CLOSED ON WEDNESDAY, SEPTEMBER 22, 2021.

The Equity Shares offered through the Prospectus are proposed to be listed on Emerge Platform of National Stock Exchange of India Ltd. (NSE) In terms of the Chapter IX of the SEBI (ICDR) Regulations, 2018, as amended from time to time, our Company has received in principle approval letter dated September 03, 2021 from NSE for using its name in the offer document for listing our shares on the Emerge Platform of NSE. For the purpose of this Offer, the designated Stock Exchange will be the NSE.

SUBSCRIPTION DETAILS

Details of Applications: The Utter has received 10,431 applications (before Technical Rejections but after removing 2,903 applications for 20,154,uuu shares for which "bid filed but not banked) for 87,816,000 Equity Shares (Including Market Maker Application of 354,000 Equity Shares) resulting 12.4561 times subscription. The details of the valid applications received in the Offer (after Technical Rejections, bids not registered and after removing 2,903 applications for 20,154,000 shares for which "bid fled but not banked) are as follows:

Details of the valid Applications Received (after Technical Rejections, bids not registered and after removing 2,903 applications for 20,154,000 shares for which "bid fled but not banked):

Category Number of Applications Number of Equity Snares Subscription Ratio
Market Makers 1 3,54,000 1.0000 Time
Non Retail Investor's 187 2,57,10,000 7.6792 Times
Retail Individual Investor's 10109 6,06,54,000 12.8941Times*
Total 10297 8,67,18,000 Overall 12.3004 Times

Total 134 applications for 1,098,000 shares in Retail Individual Investors and Other than Retail Individual Investors Category were rejected on technical grounds. Further, there was no withdrawal of application in any of the category.

* After Spill-over from other than retail category to the extent of 13,56,000 Equity Shares. (Original Allocation was for 33,48,000 Equity Shares and allotment was made for 47,04,000 Equity Shares)

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange NSE on September 27, 2021.

A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs 20/- per Equity Share, was finalized in consultation with NSE. The category was subscribed by 1.0000 time. The total number of shares allotted in this category is 3,54,000 Equity shares in full, out of reserved portion of 3,54,000 Equity Shares.

B. Allocation to Retail Indiviaual Investors (After Technical Rejections & Withdrawal, if any): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs 20/- per Equity Share, was finalized in consultation with NSE. The category was subscribed by 12.8941 times (after technical rejection and Spill-over from other than retail category). Total number of shares allotted in this category is 4,704,000 Equity Share as under;

No. of Snares Applied for (Category wise) No. of Applications received % to total Total No. of Equity Snares applied % of total Proportionate Snares Available Allocation per Applicant (Before Rounding Off Allocation per Applicant (After Rounding Off) Ratio of Allottees to the Applicants Serial Number of Qualifying applicants Number of Successful Applicants (After Rounding Off) % to Total Total No. of Equity Snares allocatea/ allotted % to Total Surplus/ (Deficit)
6000 10109 100.00 60654000 100.00 4704000 465.32 6000 19:245 As below 784 100.00 4704000 100.00 0
Total 10109 100.00 60654000 100.00 4704000 100.00 4704000 100.00 0

Serial Number of Qualifying applicants -Retail Indiviaual Investors;

2, 3, 9, 14, 15, 28, 36, 52, 60, 79, 112, 115, 122, 125,142, 155, 163, 203, 224

C. Allocation to Non Retail Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Non Retail Investors, at the issue price of Rs 20/- per Equity Share, was finalized in consultation with NSE. The category was subscribed by 7.6792 times. Total number of shares allotted in this category is 1,992,000 Equity Shares. The category wise basis of allotment is as under:

No. of Snares Applied for (Category wise) No. of Applications received % to total Total No. of Equity Snares applied % of total Proportionate Snares Available Allocation per Applicant (Before Rounding Off Allocation per Applicant (After Rounding Off) Ratio of Allottees to the Applicant s Serial Number of Qualifying applicants Number of Successful Applicants (After Rounding Off) % to Total Total No. of Equity Snares allocatea/ allotted % to Total Surplus/ (Deficit) (Rounded Off)
12000 46 24.59 552000 2.14 42769 929.76 6000 7:46 1, 15, 18, 22, 28, 38, 43 7 7.36 42000 2.1 -769
18000 31 16.57 558000 2.17 43234 1394.64 6000 7:31 4, 9, 12, 14, 18, 20, 25 7 7.36 42000 2.1 -1234
24000 8 4.27 192000 0.74 14876 1859.5 6000 1:4 4 2 2.1 12000 0.6 -28764
30000 16 8.55 480000 1.86 37190 2324.37 6000 3:8 3,5,6 6 6.31 36000 1.8 -1190
36000 3 1.6 108000 0.42 8368 2789.33 6000 1:3 1 1 1.05 6000 0.3 -2368
42000 9 4.81 378000 1.47 29287 3254.11 6000 5:9 1, 3, 4, 6, 8 5 5.26 30000 1.5 713
48000 10 5.34 480000 1.86 37190 3719 6000 3:5 2,3,4 6 6.31 36000 1.8 -1190
54000 4 2.13 216000 0.84 16736 4184 6000 3:4 2,3,4 3 3.15 18000 0.9 1264
60000 9 4.81 540000 2.1 41839 4648.77 6000 7:9 1, 3, 5, 6, 7, 8, 9 7 7.36 42000 2.1 161
66000 2 1.06 132000 0.51 10227 5113.5 6000 1:1 2 2.1 12000 0.6 1773
72000 2 1.06 144000 0.56 11157 5578.5 6000 1:1 2 2.1 12000 0.6 843
84000 1 0.53 84000 0.32 6508 6508 6000 1:1 1 1.05 6000 0.3 -508
90000 2 1.06 180000 0.7 13946 6973 6000 1:1 2 2.1 12000 0.6 -1946
102000 3 1.6 306000 1.19 23709 7903 6000 1:1 3 3.15 18000 0.9 -5709
102000 6000 1:3 1 6000 0.3 6000
120000 4 2.13 480000 1.86 37190 9297.5 6000 1:1 4 4.21 24000 1.2 -13190
120000 6000 1:2 2 12000 0.6 12000
126000 2 1.06 252000 0.98 19525 9762.5 6000 1:1 2 2.1 12000 0.6 -7525
126000 6000 1:2 2 6000 0.3 6000
132000 1 0.53 132000 0.51 10227 10227 12000 1:1 1 1.05 12000 0.6 1773
138000 1 0.53 138000 0.53 10692 10692 12000 1:1 1 1.05 12000 0.6 1308
150000 1 0.53 150000 0.58 11622 11622 12000 1:1 1 1.05 12000 0.6 378
162000 1 0.53 162000 0.63 12552 12552 12000 1:1 1 1.05 12000 0.6 -552
180000 3 1.6 540000 2.1 41839 13946.33 12000 1:1 3 3.15 36000 1.8 -5839
180000 6000 1:3 3 6000 0.3 6000
210000 1 0.53 210000 0.81 16271 16271 18000 1:1 1 1.05 18000 0.9 1729
240000 7 3.74 1680000 6.53 130166 18595.14 18000 1:1 7 7.36 126000 6.32 -4166
240000 6000 1:7 4 6000 0.3 6000
300000 1 0.53 300000 1.16 23244 23244 24000 1:1 1 1.05 24000 1.2 756
354000 1 0.53 354000 1.37 27428 27428 30000 1:1 1 1.05 30000 1.5 2572
360000 2 1.06 720000 2.8 55785 27892.5 24000 1:1 2 2.1 48000 2.4 -7785
360000 6000 1:2 1 6000 0.3 6000
480000 1 0.53 480000 1.86 37190 37190 36000 1:1 1 1.05 36000 1.8 -1190
498000 6 3.2 2988000 11.62 231509 38584.83 36000 1:1 6 6.31 216000 10.84 -15509
498000 6000 1:2 2 18000 0.9 18000
504000 1 0.53 504000 1.96 39050 39050 36000 1:1 1 1.05 36000 1.8 -3050
600000 1 0.53 600000 2.33 46488 46488 48000 1:1 1 1.05 48000 2.4 1512
750000 4 2.13 3000000 11.66 232439 58109.75 54000 1:1 4 4.21 216000 10.84 -16439
750000 6000 3:4 2,3,4 18000 0.9 18000
972000 1 0.53 972000 3.78 75310 75310 78000 1:1 1 1.05 78000 3.91 2690
1200000 1 0.53 1200000 4.66 92975 92975 90000 1:1 1 1.05 90000 4.51 -2975
6498000 1 0.53 6498000 25.27 503462 503462 504000 1:1 1 1.05 504000 25.3 538
Total 187 100 25710000 100

1992000

95 100 1992000 100

0

The Board of Directors of the Company at its meeting held on September 27, 2021 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. NSE and has authorized the corporate action for allotment of shares in dematerialized form to various successful applicants.

The allotment advice and/or notices are being dispatched to the address of the Applicants as registered with the depositories. Further, the instructions to Self-Certified Syndicate Banks were being processed on or before September 28, 2021. In case the same is not received within 10 days, investors may contact at the address given below. The Equity Shares allocated to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. The Company is taking steps to get the Equity Shares admitted for trading on the Emerge Platform of NSE within Six working days from the date of the closure of the Issue. The trading is proposed to be commenced on Thursday, September30, 2021 subject to receipt of final listing and trading approvals from the NSE.

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the Issue, Kfin Technologies Private Limited at www.kfintech.com. All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/ Sole applicants, serial number of the Application Form, number of shares applied for and Bank Branch where the application had been lodged and payment details at the address of the Registrar given below:

KFIN TECHNOLOGIES PRIVATE LIMITED On behalf of the Board of Directors
Address: Selenium Tower-B, Plot 31 & 32, Gachibowli, Financial District, Nanakramguda, Serilingampally, For, QUADPRO ITES LIMITED
Hyderabad - 500 032, Telangana. Sd/-
Tel. Number: +91-40-6716 2222 Fax: +91-40-2343 1551 Email Id: quadpro.ipo@kfintecn.com Mr. Nandira Kariappa Biddappa,
Investors Grievance Id: einward.ris@kfntech.com Website: www.kfntech.com Managing Director (DIN: 03163685)
Contact Person: Mr. Murali Krishna
Date: September 28, 2021 Place: Karnataka

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF QUADPROITES LIMITED.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.



Quadpro ITES IPO Basis of Allotment FAQs

Check the basis of allotment document above to know about how the shares are allocated in Quadpro ITES IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).

The Quadpro ITES IPO basis of allotment (published above) tells you how shares are allocated to you in Quadpro ITES IPO and category wise demand of IPO share.

Visit the Quadpro ITES IPO allotment status page to check the number of shares allocated to your application.

Check the basis of allotment document above to know about how the shares are allocated in Quadpro ITES IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).