IPO Issue Details
Issue Price / Price Band₹20 per share (Fixed Price)
Face Value₹2 Per Share
Lot Size6,000 Shares per Lot
Total Issue Size70,50,000 shares (aggregating up to ₹14.10 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenMon, 20 Sep 2021
Subscription CloseWed, 22 Sep 2021
Anchor AllotmentSun, 19 Sep 2021
Basis of AllotmentMon, 27 Sep 2021
Initiation of RefundsTue, 28 Sep 2021
Credit of Shares to DematTue, 28 Sep 2021
Listing DateThu, 30 Sep 2021
UPI Mandate Deadline2021-09-22
Application & Investment Details
Retail — Min (1 Lots)₹1,20,000 — 6,000 shares
Retail — Max (13 Lots)₹1,560,000 (13 Lots)
HNI — Min (2 Lots)₹2,40,000 — 12,000 shares
P/E Ratio (Pre-IPO)68.96x
Net Offer to Public66,96,000 shares (aggregating up to ₹13.39 Cr)
Reserved for Market Maker3,54,000 shares (aggregating up to ₹0.7080 Cr)
Pre-IPO Promoter Holding1,89,75,000 shares
Post-IPO Promoter Holding2,52,75,000 shares
Fresh Issue Shares59,46,000 shares (aggregating up to ₹11.89 Cr)
Offer for Sale Shares7,50,000 shares of ₹2 (aggregating up to ₹1.50 Cr)
About Quadpro ITeS Ltd.
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 Strengths11 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.
Objects of the Issue
Quadpro ITeS Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 To Meet Capital Expenditure Requirements
3.30
2
2 Acquisitions and Other Strategic Initiatives
6.20
3
3 For General Corporate Purposes
3.10
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,89,75,000 shares
Post-IPO Promoter Holding
2,52,75,000 shares