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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 ₹20.00 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). The minimum lot size investment for 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 Date | September 20, 2021 to September 22, 2021 |
| Listing Date | September 30, 2021 |
| Face Value | ₹2 per share |
| Issue Price Band | |
| Issue Price Final | ₹20 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 70,50,000 shares (aggregating up to ₹14.10 Cr) |
| Reserved for Market Maker | 3,54,000 shares Beeline Broking Ltd. (aggregating up to ₹0.7080 Cr) |
| Fresh Issue (Ex Market Maker) | 59,46,000 shares (aggregating up to ₹11.89 Cr) |
| Offer for Sale | 7,50,000 shares of ₹2 (aggregating up to ₹1.50 Cr) |
| Net Offered to Public | 66,96,000 shares (aggregating up to ₹13.39 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,89,75,000 shares |
| Share Holding Post Issue | 2,52,75,000 shares |
Quadpro ITES IPO offers total 70,50,000 shares. Out of which 33,48,000 (47.49%) allocated to NII, 33,48,000 (47.49%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,54,000 (5.02%) |
| NII (HNI) Shares Offered | 33,48,000 (47.49%) |
| Retail Shares Offered | 33,48,000 (47.49%) |
| Total Shares Offered | 70,50,000 (100.00%) |
Quadpro ITeS IPO opens on September 20, 2021, and closes on September 22, 2021.
| IPO Open Date | Mon, Sep 20, 2021 |
| IPO Close Date | Wed, Sep 22, 2021 |
| Tentative Allotment | Mon, Sep 27, 2021 |
| Initiation of Refunds | Tue, Sep 28, 2021 |
| Credit of Shares to Demat | Tue, Sep 28, 2021 |
| Tentative Listing Date | Thu, Sep 30, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Sep 22, 2021 |
Investors can bid for a minimum of 6,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 |
The Company Quadpro ITeS IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | To Meet Capital Expenditure Requirements | 3.30 |
| 2 | Acquisitions and Other Strategic Initiatives | 6.20 |
| 3 | For General Corporate Purposes | 3.10 |
[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...
| Listing Date | September 30, 2021 |
| BSE Script Code | |
| NSE Symbol | QUADPRO |
| ISIN | INE0GOJ01027 |
| Final Issue Price | ₹20 per share |
| BSE Listing Group | ST |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹20.00 |
| Open | ₹19.80 |
| Low | ₹18.85 |
| High | ₹20.00 |
| Last Trade | ₹19.85 |
Quadpro ITeS Ltd.
No.17,
3rd Cross,
Lalbagh Road,
Bangalore Urban, Karnataka, 560027
Phone: +91-80-4911 8300;
Email: quadpro.cs@gmail.com
Website: https://www.quadpro.co.in
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: quadpro.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Quadpro ITeS IPO is a SME IPO of 70,50,000 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.
The IPO opens on September 20, 2021, and closes on September 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 September 20, 2021 and closes on September 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 Tuesday, September 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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