Quadpro ITeS Limited IPO Detail
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 Promoters
Airan Limited, Mr. Nandira Biddappa Thimmaiah, Mr. Sandeepkumar Agrawal And Mr. Abhishek AgrawalIPO Details
| IPO Opening Date | Sep 20, 2021 |
| IPO Closing Date | Sep 22, 2021 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹2 per equity share |
| IPO Price | ₹20 per equity share |
| Market Lot | 6000 Shares |
| Min Order Quantity | 6000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹14.10 Cr |
| Fresh Issue | ₹12.60 Cr |
| Offer for Sale | ₹1.50 Cr |
| Retail Portion | - |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.0x | - | - | 1.92x | 2.68x | 2.30x |
| Day 2 | 0.0x | - | - | 2.89x | 7.58x | 5.23x |
| Day 3 | 0.0x | - | - | 8.71x | 23.53x | 16.12x |
IPO Tentative Timetable
The Quadpro ITeS Limited IPO open date is Sep 20, 2021, and the close date is Sep 22, 2021. The issue may list on Sep 30, 2021.
| IPO Open Date | Sep 20, 2021 |
| IPO Close Date | Sep 22, 2021 |
| Basis of Allotment Date | Sep 27, 2021 |
| Initiation of Refunds | Sep 28, 2021 |
| Credit of Shares to Demat Account | Sep 28, 2021 |
| IPO Listing Date | Sep 30, 2021 |
IPO Lot Size
The Quadpro ITeS Limited IPO market lot size is 6000 shares. A retail-individual investor can apply for up to 1 lots (6000 shares or ₹120000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 6000 | ₹120000 |
| Maximum | 1 | 6000 | ₹120000 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Crs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 5.50 | 10.35 | 0.73 |
| 31-Mar-20 | 5.07 | 12.91 | 0.21 |
| 31-Mar-19 | 6.26 | 15.07 | 0.66 |
Objects of the Issue:
- To Meet Capital Expenditure Requirements.
- Acquisitions and Other Strategic Initiatives.
- General Corporate purposes.
