Quadpro ITES IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Apr 29, 2022Let’s have a detailed review of the company and analytics of the Quadpro ITES IPO release date, IPO offer price, subscription, Quadpro ITES Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 2 |
| Cash Price | Rs 20 |
| Listing At | NSE Emerge |
| Min. Order Quantity | 6000 Shares |
| Listing Date | Sep 30, 2021 |
| Offer for Sale | Rs 150 Lakh |
| Fresh Issue | Rs 1260 Lakh |
| IPO Size | Rs 1410 Lakh |
| Tick Size | 1 |
Quadpro ITES IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Quadpro ITES Share Price |
Quadpro ITES IPO – Summary
Their 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 their company was changed to Quadpro Ites Private Limited on March 24, 2021, with a certificate of Incorporation pursuant to the change of name issued by the Registrar of Companies, Bangalore.
Consequent up to the conversion of their Company into a public limited company, the name of their Company was changed to “Quadpro It’s Limited” and a fresh certificate of incorporation dated April 7, 2021, was issued by the Registrar of Companies, Bangalore.
The Promoter of this company is AIRAN LIMITED, MR. NANDIRA BIDDAPPA THIMMAIAH, MR. SANDEEPKUMAR AGRAWAL AND MR. ABHISHEK AGRAWAL. The lead manager to the issue is BEELINE BROKING LIMITED, and the Registrar to this issue is KFIN TECHNOLOGIES PRIVATE LIMITED.
Quadpro ITES IPO Date
The opening and the closing date of Quadpro ITES IPO are Sep 20, 2021, and Sep 22, 2021, respectively.
Quadpro ITES IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 20 Sep | 1.92x | 2.68x | 2.30x |
| 2nd Day – 21 Sep | 2.89x | 7.58x | 5.23x |
| 3rd Day – 22 Sep | 8.71x | 23.53x | 16.12x |
| Shares Offered or Net Issue | 3,348,000 | 3,348,000 | 6,696,000 |
The shares subscribed by the public will be updated here.
Check Quadpro ITES IPO LIVE Subscription
- Quadpro ITES IPO LIVE Bid details on BSE
- Quadpro ITES IPO LIVE Bid details on NSE
For the Latest Bid details click on the above links.
Quadpro ITES IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Quadpro ITES Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Sep 27, 2021 |
| Refunds Initiation | Sep 28, 2021 |
| Credit of Shares to Demat Account | Sep 28, 2021 |
| Share Listing Date | Sep 30, 2021 |
Quadpro ITES IPO Cash Price
The face value of each share is Rs.2, but the price band of the IPO is Rs.20
Quadpro ITES IPO Size
This Initial Public Issue of 70,50,000 Equity Shares of Rs.2 each for cash at a price of Rs.20 per equity share aggregating to Rs.1410 Lakh.
Quadpro ITES IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.2/ each.
Issue Size: 70,50,000 Equity Shares of Rs.2 each, aggregating to Rs.1410 Lakh
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Quadpro ITES IPO – Live Performance
The listing date of this IPO is Sep 30, 2021. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Quadpro ITES Share Price |
Quadpro IPO Grey Market Premium
The Quadpro ITES Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Quadpro ITES IPO – Company Overview
They are providing Information Technology (IT) and Information Technology (IT) enabled services, cash management services (CMS), Cheeque Truncation System (CTS), Doorstep Banking services, Software Development Services, Banking transaction processing services, Document management services for telecommunication companies, Non-Banking Finance companies, internet services providers, Database Management Services, Digital Document verification for payment banks, Supply of IT and ITeS Hardware, Skilled and unskilled manpower supply services, etc.
They also provide E2E (End to End) service provider right from Know Your Customer (KYC) spot audit/pickup of forms from the distributor‘s point, thorough Know Your Client (KYC) audit at nearest spoke office, data entry of application form into the online portal, opening an account, verifying the voter ID / Aadhaar number from their web portal, and activating the SIM of the customer in a limited Turn Around Time (TAT).
Also, transporting forms to the centralized HUB, inward at HUB, Bar Coding, Gumming Photograph, De-stapling, Scanning, Re-stapling, Image Splitting, File Naming, Batch preparing up to final warehousing.
Quadpro ITES IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | |||
| 31-Mar-21 | 31-Mar-20 | Mar-19 | |
| Total Assets | 549.62 | 507.33 | 626.53 |
| *Total Revenue | 1,034.95 | 1,291.02 | 1,507.20 |
| Total Expense | 933.13 | 1,255.78 | 1,600.06 |
| Profit After Tax | 72.68 | 21.17 | (66.07) |
Earnings per Equity Share (in Lakh)
| 31-Mar-21 | 31-Mar-20 | Mar-19 | |
| Basic & Diluted | 3.52 | 1.03 | (3.20) |
Further, their PAT for the period ended on March 31, 2021, March 31, 2020, and March 31, 2019, were Rs. 72.68 Lakh, Rs. 21.17 Lakh, and Rs. (66.07) Lakh respectively.
Quadpro ITES IPO – Promoters
The Promoter of this company is:
- AIRAN LIMITED
- MR. NANDIRA BIDDAPPA THIMMAIAH
- MR. SANDEEPKUMAR AGRAWAL
- MR. ABHISHEK AGRAWAL
List of Related Parties (Key Managerial Personnel)
- Nandira Biddappa Thimmaiah, Managing Director
- Sandeepkumar Vishwanath Agrawal, Chairman, and Executive Director
- Abhishek Sandeepkumar Agrawal, Executive Director
- Siddharth Sampatji Dugar, Independent Director
- Bhoomika Aditya Gupta, Additional Independent Director
Quadpro ITES IPO – Promoters Holding
- Pre Issue Share Holding -100%
- Pos Issue Share Holding – %
Quadpro ITES IPO Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 70,50,000 Equity Shares aggregating up to Rs.1410 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 3,54,000 Equity Shares aggregating up to Rs.70.80 Lakh |
| Net Issue to the Public | Up to 66,96,000 Equity Shares aggregating up to Rs.1339.20 Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 33,48,000 Equity Shares |
| Other than Retail Individual Investors | Not more than 33,48,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 1,89,75,000 Equity Shares |
| Equity Shares outstanding after the Issue | 2,52,75,000 Equity Shares |
Quadpro ITES IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. To Meet Capital Expenditure Requirements
2. Acquisitions and Other Strategic Initiatives
3. For General Corporate Purposes
Quadpro ITES – Business Strategy
- Transforming Challenges into Opportunities
- Harnessing the direct and indirect benefits of ITeS
- Policy Initiatives
- Time Zone Advantages
- Access to an excellent resource pool
Quadpro ITES IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Legacy Advantages and Networking Capabilities
- Technological Proficiency
- Pan-India Presence
- Airan Group Company
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 3.52 | 25.44 | 13.85 |
| 31-Mar-20 | 1.03 | 9.94 | – |
| Mar-19 | (3.20) | (34.44) | – |
Quadpro: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Quadpro ITES Limited | 2 | 42.58 | 0.47 | 25.44 | 1,034.90 |
| Listed Peers | |||||
| Riddhi Corporate Services Limited | 10 | 60.66 | 2.72 | 10.98 | 8,553.93 |
| Airan Limited | 2 | 34.67 | 0.45 | 6.48 | 6,286.30 |
Quadpro ITES IPO Lead Managers
| Lead Managers |
| BEELINE BROKING LIMITED SEBI Registration Number: INM000012546 Merchant Banking Division Address: 807, Phoenix Tower, Opp. New Girish Cold Drinks, Near Vijay Cross Roads, Navrangpura, Ahmedabad – 380 009, Gujarat Telephone Number: +91 79 4840 5357 Email Id: mb@beelinemb.com Investors Grievance Id: ig@beelinebroking.com Website: www.beelinebroking.com Contact Person: Mrs. Khushbu Shah CIN: U51900GJ2014PLC080598 |
Quadpro ITES IPO Registrar to offer
| Registrar to the Offer |
| KFIN TECHNOLOGIES PRIVATE LIMITED SEBI Registration Number: INR000000221 Address: Selenium Tower-B, Plot 31 & 32, Gachibowli, Financial District, Nanakramguda, Serilingampally, Hyderabad – 500 032, Telangana Telephone Number: +91- 40- 6716 2222 Fax No. +91-40-2343 1551 Email Id: quadpro.ipo@kfintech.com Investors Grievance Id: einward.ris@kfintech.com Website: www.kfintech.com Contact Person: Mr. Murali krishna |
Quadpro ITES IPO – Other Details
- Statutory Auditor – M/s. Deora Maheshwari & Co
- Legal Counsel to the Company – Mr. Shaktisinh B. Rana
- Bankers to the Company – HDFC Bank Limited
Quadpro ITES IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Quadpro ITES Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Quadpro ITES IPO Review FAQs
Ques – What is the Issue Size of Quadpro ITES IPO?
Answer – The Company is making an initial public offer of 70,50,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
Ques – What is the Price band of Quadpro ITES IPO?
Answer – The price band for this particular IPO ranges between Rs 20. As far as the face value of the share is of concern, it is Rs.2 per share.
Ques – What is the Quadpro ITES IPO Open Date?
Answer – The opening and closing dates for this IPO have been updated. The IPO is set to open on Sep 20, 2021, while the closing date is set at Sep 22, 2021.
Ques – What is the Quadpro IPO Allotment Date?
Answer – They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Sep 27, 2021, refund initiation is on Sep 28, 2021, credit of shares is on Sep 28, 2021, and share listing date is on Sep 30, 2021.
Ques – What is the Quadpro ITES IPO Listing Date?
Answer – Shares of this company shall be listed in the exchanges on Sep 30, 2021. The date, when the listing would be done, is stagnant on Sep 30, 2021.
Ques – Who is the Registrar of Quadpro IPO?
Answer – One of the reputed registrars is managing the issue of this IPO, i.e. KFIN TECHNOLOGIES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Ques – Who is the Promoter of Quadpro IPO?
Answer – Here are the promoters of this IPO – AIRAN LIMITED, MR. NANDIRA BIDDAPPA THIMMAIAH, MR. SANDEEPKUMAR AGRAWAL AND MR. ABHISHEK AGRAWAL. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
Ques – What is the GMP of Quadpro IPO?
Answer – They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Ques – Is Quadpro ITES IPO good for Investment?
Answer – They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
Ques – What is the PAT of Quadpro ITES Company?
Answer – They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2021 in Lakh is 72.68, 2020 is 21.17, 2019 is (66.07).
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