Incorporated in 2013, Quicktouch Technologies Limited is an information technology company. The company is in the business of Software IT Solution and Consulting Services, IT Product/Software Development and Software Commercial Training, and Web designing.
Quicktouch Technologies Limited’s Web designing services include: Website Designing/ Redesigning, iOS App/ Android/ Mobile App Development, Digital Marketing, and Web Hosting Services.
The company is engaged in the business of Enterprise Resource Planning (ERP). Quicktouch Technologies Limited help businesses to perform and excel in their operations by leveraging industry-wide experience, deep technology expertise, comprehensive services portfolio backed by a robust business model.
With years of domain expertise, processes, and infrastructure, the entity is diversifying its services offering to cater to various business sectors.
Quicktouch Technologies IPO Details
| IPO Date | Apr 18, 2023 to Apr 21, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹61 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 1,530,000 shares (aggregating up to ₹9.33 Cr) |
| Fresh Issue | 1,530,000 shares (aggregating up to ₹9.33 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
Quicktouch Technologies IPO Reservation
| Other Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% of the Net Issue |
| Market Maker portion | 78,000 shares (SHARE INDIA SECURITIES LIMITED) |
Quicktouch Technologies IPO Tentative Timetable
Quicktouch Technologies IPO opens on Apr 18, 2023, and closes on Apr 21, 2023.
| Event | Tentative Date |
|---|---|
| Opening Date | Apr 18, 2023 |
| Closing Date | Apr 21, 2023 |
| Basis of Allotment | Apr 26, 2023 |
| Initiation of Refunds | Apr 27, 2023 |
| Credit of Shares to Demat | Apr 28, 2023 |
| Listing Date | May 2, 2023 |
| UPI Mandate Confirmation Cut-Off Time | 5.00 PM on the issue closing day |
Quicktouch Technologies IPO Lot Size
The Quicktouch Technologies IPO lot size is 2000 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹122,000 |
| Retail (Max) | 1 | 2000 | ₹122,000 |
| HNI (Min) | 2 | 4,000 | ₹244,000 |
| Lot Size Calculator |
Quicktouch Technologies IPO Promoter Holding
Mr. Gaurav Jindal and Ms. Madhu are the promoters of the company.
| Pre Issue Share Holding | 89.41% |
| Post Issue Share Holding | 65.72% |
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 618.94 | 265.92 | 22.64 | 140.61 | 40.61 | 85.56 |
| 31-Mar-21 | 673.88 | 728.12 | 52.78 | 193.39 | 93.39 | 132.62 |
| 31-Mar-22 | 1,686.36 | 2,552.73 | 221.15 | 414.54 | 224.54 | 58.82 |
| Amount in ₹ Lakhs |
Objects of the Issue
The Company intends to utilize the proceeds of the Issue to meet the following objects:
- To meet the Working Capital requirement of our Company;
- Acquisition of business in similar or complementary areas
- General Corporate Purposes
- Issue related expenses
Quicktouch Technologies IPO Review (May apply)
[Dilip Davda] The company operates in a highly competitive and fragmented segment with many big players around. The sudden boost in its bottom line for 7M FY23 raises eyebrows and concerns over sustainability going forward. Based on such super earnings, the issue appears lucratively priced while based on its track records so far, the issue appears fully priced. Tiny equity capital post-IPO indicates a longer gestation period for migration to the mainboard. Well-informed/risk takers may consider investment for the medium to long-term rewards. Read detail review…
Company Contact Information
Quicktouch Technologies Limited
815, Aggarwal Cyber Plaza-1,
Netaji Subhash Place, Pitampura,
Delhi-110034
Phone: +91 8800166317
Email: info@quicktouch.co.in
Website: http://www.quicktouch.co.in/
Quicktouch Technologies IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: virenr@skylinerta.com
Website: https://www.skylinerta.com/