Quadpro ITeS was incorporated on November 03, 2010. The company provides information technology and information technology-enabled services, cash management services, cheque truncation system, door step banking services, software development services, etc.
| Bidding Dates |
|---|
| 20 Sep 2021 - 22 Sep 2021 |
| Subscription |
|---|
| 16.12x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,20,000 | 1 | 1 | 6000 | 7.0 M | ₹20 | 72.11 % | ₹141.0 M | RHP DOC |
Quadpro ITeS IPO SUBSCRIPTION STATUS
22 Sep '21Quadpro ITeS IPO overall subscription rate was 16.12 times the total available shares
Quadpro ITeS IPO retail subscription rate was 23.53 times in the retail segment
Quadpro ITeS IPO non-institutional investor subscription rate was 8.71 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
22 Sep 2021 (Day 3) | 23.53x | 8.71x | - |
20 Sep 2021 (Day 1) | 2.68x | 1.92x | - |
21 Sep 2021 (Day 2) | 7.58x | 2.89x | - |
Quadpro ITeS FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) |
| FY21 | 7.3 | 103.5 | 24.3 | 14.8 |
| FY20 | 2.1 | 128.1 | 12.9 | 10.8 |
| FY19 | -6.6 | 149.2 | -0.2 | -4.2 |
Quadpro ITeS IPO SUBSCRIPTION STATUS DETAILS
Quadpro ITeS had 7.0 M shares on offer
Quadpro ITeS IPO offer price was ₹20
Quadpro ITeS IPO minimum Investment was ₹120000
Quadpro ITeS IPO issue size was ₹ 141.0 M
Quadpro ITeS had a minimum lot size of 6000 Shares per application
Quadpro ITeS NUMBER OF SHARES ON OFFER
Quadpro ITeS IPO IMPORTANT DATES
| Issue Open Date | 20 Sep 2021 |
| Issue close Date | 22 Sep 2021 |
| Allotment Date | 27 Sep 2021 |
| Refund Date | 28 Sep 2021 |
| Demat Account Credit Date | 28 Sep 2021 |
| Listing Date | 30 Sep 2021 |
| Listing on Exchange(s) | NSE |
| Quadpro ITeS Allotment Status | Exchange |
Quadpro ITeS IPO subscription opened on 20 Sep 2021, and closed on 22 Sep 2021
IPO allotment for Quadpro ITeS was finalized on Monday, 27 Sep 2021
IPO listing for Quadpro ITeS was on NSE on Thursday, 30 Sep 2021
Quadpro ITeS IPO LISTING GAINS
| Issue Price (adjusted) | 10.0 |
| Listing Open Price | 19.8 |
| Listing Close Price | 19.9 |
| Listing Gain% | -1.0% |
| Current Gain% | -76.0% |
Quadpro ITeS Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Quadpro ITeS Ltd. | 2.4 | 6.1 | 59 | -0.7 | 0.9 | 1 | 0.9 | 7 | -15.4 | 0.2 | -67.8 | 0 | -83.9 |
| Tata Consultancy Services Ltd. | 2324.7 | 841096.8 | 16.9 | 15.8 | 3 | 45.9 | 27 | 271423 | 4.7 | 49210 | 1.4 | 137.6 | 1.1 |
| Infosys Ltd. | 1167.3 | 473696.9 | 15.6 | 1.4 | 2.6 | 31.7 | 18.9 | 182972 | 9.8 | 29440 | 10.2 | 74.6 | 11.1 |
| HCL Technologies Ltd. | 1357.7 | 368434.3 | 21.1 | 8 | 2.7 | 22.1 | 14.3 | 131674 | 10.2 | 16642 | -4.3 | 64.2 | 2.6 |
| Wipro Ltd. | 183 | 181250.4 | 13.7 | -7.6 | 1.9 | 15 | 9.3 | 96497.7 | 3.8 | 13197.4 | 0.5 | 13.3 | -1.8 |
| Tech Mahindra Ltd. | 1627.4 | 159499 | 31.1 | 2.4 | 2.7 | 16.2 | 9.7 | 56847.3 | 5.6 | 4810.9 | 13.2 | 52.4 | 13.1 |
Quadpro ITeS INFORMATION ON IPO ISSUE
About Quadpro ITeS
Quadpro ITeS was incorporated on November 03, 2010. The company provides information technology and information technology-enabled services, cash management services, cheque truncation system, door step banking services, software development services, etc.
Object of the Issue
- To meet capital expenditure requirements
- Acquisitions and oother strategic initiatives
- General corporate purposes
Quadpro ITeS - PROMOTERS
| Name |
|---|
| Airan Limited |
| Nandira Biddappa Thimmaiah |
| Sandeepkumar Agrawal |
| Abhishek Agrawal |
Quadpro ITeS Lead Manager to the Issue
Beeline Broking Limited
mb@beelinemb.com
Quadpro ITeS Registrar to the Offer
Kfin Technologies Private Limited
kotyark.ipo@kfintech.com
Quadpro ITeS Strengths
Legacy advantages and networking capabilities
Quadpro ITeS has been in the business of IT Services, ITeS, and BPM Services for 11 years, whereas the promoters of the company have been in service since long before that
Technological proficiency
Through an in-house IT team, the company has in-depth and specialised knowledge of its line of business.
Pan-India presence
Quadpro ITeS has a Pan-India presence through a network of branches in India’s Metropolitan Cities like Mumbai, New Delhi, Chennai, Kolkata, Hyderabad, and Bangalore
Quadpro ITeS Risks
Renewal of licenses
The business requires the company to obtain and renew certain registrations, licenses and permits from government and regulatory authorities
Dependent on few customers
The company is dependent on a few numbers of customers and suppliers (service providers) for sales from the top 10 customers
IPO FAQs
Quadpro ITeS Ltd. IPO listing opened at Rs 19.80 while the issue price was Rs 20.00 giving -1.00% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 10.00 giving -76.00% gains since its IPO listing.
This IPO consists of an offer for sale of up to Rs 1.5 crore, of 750,000 shares. It also consists of a fresh issue of Rs 12.6 crore.
The promoters of the company are Airan Limited, Nandira Biddappa Thimmaiah, Sandeepkumar Agrawal and Abhishek Agrawal.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 20.0 - 20.0.
The IPO application opens on Sep 20, 2021 and closes on Sep 22, 2021.
The minimum lot size for the IPO is 6000. The maximum lot size for the IPO is 6000.
For all category investors, the minimum application amount for this IPO is Rs. 120,000.0, the maximum value for this IPO is Rs 120,000.0.
This IPO will be allotted on Sep 27, 2021.
The refund will be credited to your account on Sep 28, 2021.
The allotted shares will be credited to your demat on Sep 28, 2021.
Quadpro ITeS Ltd.’s shares listed on the stock exchanges on Sep 30, 2021.