Fixed Price IPO | ₹14 Cr | Listed at NSE SME | Mon, Sep 20, 2021 - Wed, Sep 22, 2021
Quadpro ITeS IPO is a fixed price issue of ₹14.10 crores. The issue is a combination of fresh issue of 0.63 crore shares aggregating to ₹12.60 crores and offer for sale of 0.08 crore shares aggregating to ₹1.50 crores.
Quadpro ITeS IPO bidding started from Sep 20, 2021 and ended on Sep 22, 2021. The allotment for Quadpro ITeS IPO was finalized on Sep 27, 2021. The shares got listed on NSE SME on Sep 30, 2021.
Quadpro ITeS IPO price is ₹20 per share. The lot size for an application is 6,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (6000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (12,000 shares), amounting to ₹2,40,000.
Beeline Broking Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The Market Maker of the company is Beeline Broking Ltd..
Refer to Quadpro ITeS IPO RHP for detailed Information.
IPO Open
Mon, Sep 20, 2021
IPO Close
Wed, Sep 22, 2021
Issue Price
₹20 per share
Market Cap (Pre-IPO)
₹50.55 Cr
| IPO Date | 20 to 22 Sep, 2021 |
| Listed on | Thu, Sep 30, 2021 |
| Face Value | ₹2 per share |
| Issue Price | ₹20 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 70,50,000 shares (agg. up to ₹14 Cr) |
| Reserved for Market Maker | 3,54,000 shares Beeline Broking Ltd. (agg. up to ₹0.7080 Cr) |
| Fresh Issue (Ex Market Maker) | 59,46,000 shares (agg. up to ₹12 Cr) |
| Offer for Sale | 7,50,000 shares of ₹2 (agg. up to ₹2 Cr) |
| Net Offered to Public | 66,96,000 shares (agg. up to ₹13 Cr) |
| Share Holding Pre Issue | 1,89,75,000 shares |
| Share Holding Post Issue | 2,52,75,000 shares |
| NSE Symbol | QUADPRO |
| ISIN | INE0GOJ01027 |
Quadpro ITeS IPO comprises a total issue size of 70,50,000 shares. The net offer to the public is 66,96,000 shares, after excluding 3,54,000 shares allotted on a firm basis. Of the Net offer 33,48,000 (50.00%) allocated to NII 33,48,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 33,48,000 | 50.00% | 47.49% |
| Retail Shares Offered | 33,48,000 | 50.00% | 47.49% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,54,000 | 5.02% | |
| Total Shares Offered | 70,50,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 6,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6,000 | ₹1,20,000 |
| Retail (Max) | 1 | 6,000 | ₹1,20,000 |
| HNI (Min) | 2 | 12,000 | ₹2,40,000 |
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
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Meet Capital Expenditure Requirements | 3.30 |
| 2 | Acquisitions and Other Strategic Initiatives | 6.20 |
| 3 | For General Corporate Purposes | 3.10 |
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 68.96 | |
| Promoter Holding | 100% | 72.11% |
| Market Cap | ₹50.55 Cr. |
The Quadpro ITES IPO is subscribed 16.12 times on September 22, 2021 5:00:00 PM (Day 3). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 8.71 | 33,48,000 | 2,91,60,000 |
| Retail | 23.53 | 33,48,000 | 7,87,74,000 |
| Total | 16.12 | 66,96,000 | 10,79,34,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees including Underwriting Commission | 0.27 |
| 2 | Fees Payable to Registrar to the Offer | 0.01 |
| 3 | Fees Payable Advertising, Marketing Expenses and Printing Expenses | 0.03 |
| 4 | Fees Payable to Regulators including Stock Exchanges and other Intermediaries | 0.04 |
| 5 | Fees payable to Peer Review Auditor | 0.01 |
| 6 | Fees Payable to Market Maker (for Two Years) | 0.06 |
| 7 | Escrow Bank Fees | 0.01 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹20.00 |
| Open | ₹19.80 |
| Low | ₹18.85 |
| High | ₹20.00 |
| Last Trade | ₹19.85 |
Lead Manager Reports
Quadpro ITeS IPO is a SME IPO of 70,50,000 equity shares of the face value of ₹2 aggregating up to ₹14 Crores. The issue is priced at ₹20 per share. The minimum order quantity is 6000.
The IPO opens on Mon, Sep 20, 2021, and closes on Wed, Sep 22, 2021.
Kfin Technologies Ltd. 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 Mon, Sep 20, 2021 and closes on Wed, Sep 22, 2021.
Quadpro ITeS IPO lot size is 6000, and the minimum amount required for application is ₹1,20,000.
You can apply in Quadpro ITeS IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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 Tue, Sep 28, 2021. Check the Quadpro ITeS IPO allotment status.
The Quadpro ITeS IPO listing date is on Thu, Sep 30, 2021.
