Quadpro ITES IPO Basis of Allotment

INITIAL PUBLIC OFFER OF 70,50,000 EQUITY SHARES OF FACE VALUE OF Rs 2 EACH ("EQUITY SHARES") OF QUADPRO ITES LIMITED ("QUADPRO" OR THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF Rs 20 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF Rs 18 PER EQUITY SHARE) AGGREGATING TO Rs 1410.00 LAKHS (THE "OFFER") COMPRISING OF A FRESH ISSUE UPTO 63,00,000 EQUITY SHARES AGGREGATING TO Rs 1260.00 LAKHS (THE "FRESH ISSUE") AND AN OFFER FOR SALE OF 7,50,000 EQUITY SHARES BY PROMOTER SELLING SHAREHOLDER- MR. NANDIRA BIDDAPPA THIMMAIAH AGGREGATING TO Rs 150.00 LAKHS ("OFFER FOR SALE") OF WHICH 3,54,000 EQUITY SHARES OF FACE VALUE OF Rs 2 /- EACH FOR CASH AT A PRICE OF Rs 20/- PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF Rs 18/- PER EQUITY SHARE AGGREGATING TO Rs 70.80LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE OFFER (THE "MARKET MAKER RESERVATION PORTION"). THE OFFER LESS THE MARKET MAKER RESERVATION PORTION I.E. NET OFFER OF 66,96,000 EQUITY SHARES OF FACE VALUE OF Rs 2 /- EACH AT A PRICE OF Rs 20/- PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF Rs 18/- PER EQUITY SHARE AGGREGATING TO Rs 1339.20 LAKHS (THE "NET OFFER"). THE OFFER AND THE NET OFFER WILL CONSTITUTE 27.89% AND 26.49% RESPECTIVELY OF THE POST OFFER PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.

In terms of the Prospectus dated September 09, 2021 and as per 253(2) of the SEBI (ICDR) Regulations, 2018 wherein allocation in the net offer to the public category shall be;

(a) minimum of 50% to Retail Individual Investors and (b) remaining to

i) individual applicants other than retail individual investors and

ii) other investors including corporate bodies or institutions, irrespective of number of specified securities applied for, Provided that the unsubscribed portion in either of the categories specified in clauses (a) or (b) may be allocated to applicants in the other category.

Explanation: If the retail individual investor category is entitled to more than fifty per cent. of the Net offer size on a proportionate basis, the retail individual investors shall be allocated that higher percentage.

THE FACE VALUE OF THE EQUITY SHARES IS Rs 2/- EACH AND THE OFFER PRICE IS Rs 20/- EACH INCLUDING A SHARE PREMIUM OF Rs 18/- PER EQUITY SHARE. THE OFFER PRICE IS 10 TIMES OF THE FACE VALUE. OFFER WAS OPENED ON MONDAY, SEPTEMBER 20, 2021 AND CLOSED ON WEDNESDAY, SEPTEMBER 22, 2021.

The Equity Shares offered through the Prospectus are proposed to be listed on Emerge Platform of National Stock Exchange of India Ltd. (NSE) In terms of the Chapter IX of the SEBI (ICDR) Regulations, 2018, as amended from time to time, our Company has received in principle approval letter dated September 03, 2021 from NSE for using its name in the offer document for listing our shares on the Emerge Platform of NSE. For the purpose of this Offer, the designated Stock Exchange will be the NSE.

Details of Applications: The Utter has received 10,431 applications (before Technical Rejections but after removing 2,903 applications for 20,154,uuu shares for which "bid filed but not banked) for 87,816,000 Equity Shares (Including Market Maker Application of 354,000 Equity Shares) resulting 12.4561 times subscription. The details of the valid applications received in the Offer (after Technical Rejections, bids not registered and after removing 2,903 applications for 20,154,000 shares for which "bid fled but not banked) are as follows:

Details of the valid Applications Received (after Technical Rejections, bids not registered and after removing 2,903 applications for 20,154,000 shares for which "bid fled but not banked):

Total 134 applications for 1,098,000 shares in Retail Individual Investors and Other than Retail Individual Investors Category were rejected on technical grounds. Further, there was no withdrawal of application in any of the category.

* After Spill-over from other than retail category to the extent of 13,56,000 Equity Shares. (Original Allocation was for 33,48,000 Equity Shares and allotment was made for 47,04,000 Equity Shares)

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange NSE on September 27, 2021.

A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs 20/- per Equity Share, was finalized in consultation with NSE. The category was subscribed by 1.0000 time. The total number of shares allotted in this category is 3,54,000 Equity shares in full, out of reserved portion of 3,54,000 Equity Shares.

B. Allocation to Retail Indiviaual Investors (After Technical Rejections & Withdrawal, if any): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs 20/- per Equity Share, was finalized in consultation with NSE. The category was subscribed by 12.8941 times (after technical rejection and Spill-over from other than retail category). Total number of shares allotted in this category is 4,704,000 Equity Share as under;

Serial Number of Qualifying applicants -Retail Indiviaual Investors;

2, 3, 9, 14, 15, 28, 36, 52, 60, 79, 112, 115, 122, 125,142, 155, 163, 203, 224

C. Allocation to Non Retail Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Non Retail Investors, at the issue price of Rs 20/- per Equity Share, was finalized in consultation with NSE. The category was subscribed by 7.6792 times. Total number of shares allotted in this category is 1,992,000 Equity Shares. The category wise basis of allotment is as under:

The Board of Directors of the Company at its meeting held on September 27, 2021 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. NSE and has authorized the corporate action for allotment of shares in dematerialized form to various successful applicants.

The allotment advice and/or notices are being dispatched to the address of the Applicants as registered with the depositories. Further, the instructions to Self-Certified Syndicate Banks were being processed on or before September 28, 2021. In case the same is not received within 10 days, investors may contact at the address given below. The Equity Shares allocated to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. The Company is taking steps to get the Equity Shares admitted for trading on the Emerge Platform of NSE within Six working days from the date of the closure of the Issue. The trading is proposed to be commenced on Thursday, September30, 2021 subject to receipt of final listing and trading approvals from the NSE.

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the Issue, Kfin Technologies Private Limited at www.kfintech.com. All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/ Sole applicants, serial number of the Application Form, number of shares applied for and Bank Branch where the application had been lodged and payment details at the address of the Registrar given below:

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF QUADPROITES LIMITED.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.