Quadpro ITeS Limited IPO

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Quadpro ITeS is providing Information Technology (IT) and Information Technology (IT) enabled services, cash management services (CMS), Cheeque Truncation System (CTS), Door step Banking services, Software Development Services, Banking transaction processing services, Document management services for telecommunication companies, Non Banking Finance companies, internet services providers, Data base Management Services, Digital Document verification for payment banks, Supply of IT and ITeS Hardware, Skilled and unskilled man power supply services etc.

It 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 in to 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), outward from spoke, transporting forms to the centralised HUB, inward at HUB, Bar Coding, Gumming Photograph, De-stapling, Scanning, Re-stapling, Image Splitting, File Naming, Batch preparing up to final warehousing.

Competitive Strengths
1. Legacy Advantages and Networking Capabilities
2. Technological Proficiency
3. Pan-India Presence

Objects of the Quadpro ITeS Limited IPO:

Initial Public Offer Of 70,50,000 Equity Shares aggregating up to 1410 Lakhs Comprising of a fresh issue up to 63,00,000 Equity Shares aggregating to 1260 Lakhs and an offer for sale of 7,50,000 Equity Shares By Promoter Selling Shareholder. The Offer Proceeds from the Fresh Issue will be utilized towards the following objects: 1. To Meet Capital Expenditure Requirements 2. Acquisitions and Other Strategic Initiatives 3. For General Corporate Purposes
DRHP of Quadpro ITeS Limited IPO

Quadpro ITeS Limited IPO Details:

Open Date: Sep 20 2021
Close Date: Sep 22 2021
Total Shares: 7,050,000
Face Value: ₹ 2 Per Equity Share
Issue Type: Fixed Price Issue
Issue Size: 14.10 Cr.
Lot Size: 6000 Shares
Issue Price: ₹ 20 Per Equity Share
Listing At: NSE Emerge
Listing Date: Sep 30 2021

Promoters And Management:

i. Mr. Nandira Biddappa Thimmaiah, aged 43 years, is the Promoter- Managing Director of the Company. He holds a Bachelor degree in Commerce. He has professional experience of more than 10 years in the field of various support services to banks and telecom companies. At present he is appointed as Managing Director of the company a period of 5 years w.e.f. April 8, 2021.  ii. Mr. Sandeepkumar Agrawal, aged 52 years, is the Promoter – Chairman and Executive Director of the Company. He holds a Bachelors degree in Commerce from the Gujarat University. He is first Generation Business Entrepreneur and the founder of the promoter company- Airan Limited. At present he is Chairman and Executive Director of the company. He has professional experience of more than 30 years in the field of information technology & information technology Transaction Processing and Data Management. His sophisticated experience shapes the way for the decision making and his highly developed and strategic network creates avenues for worthwhile relationships. His vision and leadership drive the company towards success. iii. Mr. Abhishek Sandeepkumar Agrawal, aged 24 years, is the Promoter- Executive Director of the Company. He holds a degree of Master of Science in the field of Accounting and Finance from Queen Mary University of London. He is having experience of around 1.5 years in the field of information technology & information technology enabled services. His functional responsibility in the company is to look after marketing, sales and re-engineering of various process carried out in the company.

Financials of Quadpro ITeS Limited IPO:

Particulars (in Lakhs) 2021 2020 2019
Revenue from operations 1,034.90 1,281.37 1,492.27
Direct Expense 521.02 528.61 713.86
Employee Benifit Expense 200.23 417.96 482.58
Other expenses 131.30 198.94 280.95
Operating Profit 182.35 135.86 14.88
OPM% 17.62% 10.60% 1.00%
Other income 0.05 9.65 14.92
Finance costs 15.58 38.56 48.84
Depreciation and amortisation 65 71.72 73.82
Profit before tax 101.82 35.24 -92.87
Profit for the year 72.68 21.17 -66.07

Comparison With Peers:

Name of the company Face Value Current Market Price EPS P/E RONW%
Riddhi Corporate Services Limited 10 165 2.72 60.66 10.98
Airan Limited 2 15.6 0.45 34.67 6.48

Lead Manager of Quadpro ITeS Limited IPO:

  1. Beeline Broking Limited

Registrar of Quadpro ITeS Limited IPO:

  1. Kfin Technology Private Limited

Company Address:

Quadpro ITeS Limited No.17, 3rd Cross, Lalbagh Road, Bangalore -560027 Phone: +91-80-4911 8300; Email: quadpro.cs@gmail.com Website: https://www.quadpro.co.in

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