Listing Details
- Listing Exchange NSE SME
- Listing Date 02-May-23
- IPO Price Range ₹ 61
- Listing Price ₹ 92
- Listing Change 50.8%
- Last Traded Price ₹ 204
- Current Change 234.4%
Quicktouch Technologies IPO Details
- Open Date 18-Apr-23
- Close Date 21-Apr-23
- Lot Size 2000
- IPO Size ₹ 9.33 Cr
- IPO Price Range ₹ 61
- Min Investment ₹ 122000
- Listing Exchange NSE SME
- Basis of Allotment 26-Apr-23
- Refunds 27-Apr-23
- Credit to Demat Account 28-Apr-23
- Listing Date 02-May-23
Quicktouch Technologies IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 18-Apr-23 | - | 1.10x | 0.75x | 0.92x |
| 19-Apr-23 | - | 2.64x | 3.01x | 2.82x |
| 20-Apr-23 | - | 7.58x | 9.71x | 9.87x |
| 21-Apr-23 | - | 160.40x | 49.55x | 107.26x |
Quicktouch Technologies IPO Synopsis
An SME Information Technology company, Quicktouch Technologies’ IPO opens on18th April and closes on 21st April. The issue entails a fresh of 1,530,000 equity shares with a face value of Rs. 10 per share which aggregates the total value of the issue to Rs. 9.33 crores. The lot size is set at 2000 shares per lot by the company while the price is set at Rs. 61 per share. The issue will be listed on NSE SME on 2nd May and the basis of share allotment will take place on 26th April. Share India Capital Services and Khambatta Securities are the leading book managers to the issue.
Objective of the Quicktouch Technologies’ IPO:
The net proceeds from the issue will be used towards:
1. To meet the Working Capital requirement of our Company;
2. Acquisition of business in similar or complementary areas
3. General Corporate Purposes
4. Issue related expenses
About Quicktouch Technologies
Quicktouch Technologies deals in n two segments as far as IT sector is concerned, one of them is providing Software as a Service (SAAS), namely EIMS and the other segment includes consultancy with respect to the development/support of applications/solutions for its clients. These consulting/support services are related to the applications from different industries such as finance, insurance, automotive, banking, etc.
As far as the business is concerned, it provides consulting/support services limited to the tech area only to such clients on contractual basis but it is not involved in their operations on day to day basis.
The company has launched “QuickCampus”, The Edutech Marketplace, on 24th December, 2022. It is a one-stop solution for all educational needs and is not limited to ERP but also provides other services like capacity building for teachers’ educational loans including School Fee Financing, Insurance, uniforms, hiring solutions, ID cards, books, group photos, etc.
ERP software solution offered by QuickCampus AI& ML powered platform addresses all the functional areas of an Educational Institution and completes students' life cycle in the Institution, starting from registrations, Admissions, Fee Collection from students, Exams and assignments, Inventory, Data analytics, Staff management, Parent Communication, Dashboards for management, Admin, Staff, and Parents, Learning Management, Parent Communication, and other tasks. It includes software modules, a customized Web Portal, and a mobile app for parents and staff, for institutions right from Schools to every higher education institution.
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Quicktouch Technologies Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Revenue | 25.5 | 7.3 | 2.7 |
| PAT | 2.2 | 0.5 | 0.2 |
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Total Assets | 7.4 | 3.1 | 2.2 |
| Share Capital | 1.9 | 1.0 | 1.0 |
| Total Borrowings | 0.6 | 1.3 | 0.9 |
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 7.5 | 0.7 | 2.6 |
| Net cash from / (used in) investing activities | -6.8 | -0.8 | -3.4 |
| Net cash flow from / (used in) financing activities | -0.8 | 0.2 | 0.8 |
| Net increase (decrease) in cash and cash equivalents | -0.1 | 0.2 | 0.1 |
Peer Comparison
| Name of the Company | PAT (in Rs. crores) | Basic EPS | NAV Rs. per share | PE | RoNW % |
|---|---|---|---|---|---|
| Quicktouch Technologies Ltd. | 4.30 | 12.98 | 25.7 | 4.73 | 39.40% |
| Silver Touch Technologies Ltd. | 6.11 | 4.81 | 67.98 | 76.99 | 7.08% |
| Sigma Solve Ltd. | 1.22 | 2.97 | 25.75 | 61.62 | 29.74% |
| Cambridge Technology Enterprises Ltd | 2.06 | 4.99 | 21.67 | 10.53 | 11.47% |
Quicktouch Technologies IPO Key Points
-
Strengths
1. Company is constantly focused on building quality into the culture of the organization
2. Company provides its employees with personal and professional growth opportunities, including training and performance-based incentives
3. It offers end-to-end technology services and solutions, along with data science and artificial intelligence capabilities, query optimization and rapid iteration services to its customers
-
Risks
1. There are outstanding litigations involving the Company, Promoters and Directors
2. Significant disruptions of information technology systems or breaches of data security could reduce the attractiveness of the products and services
3. It does not have binding long-term agreements with its clients, and the clients may choose not to renew contracts with the firm on favourable terms or at all, or may terminate contracts before completion and without cause
4. Any downturn in the software industry or an inability to increase or effectively manage the sales
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
Open Demat Account in 5 minutes
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Quicktouch Technologies IPO FAQs
What is the price band of the Quicktouch Technologies IPO?
The price for the Quicktouch Technologies IPO is set at Rs. 61 per share
When does the Quicktouch Technologies IPO issue open and close?
The Quicktouch Technologies IPO opens on 18th April and closes on 21st April.
What is the size of Quicktouch Technologies IPO issue
The issue entails a fresh of 1,530,000 equity shares with a face value of Rs. 10 per share which aggregates the total value of the issue to Rs. 9.33 crores.
What is the lot size and investment required for the Quicktouch Technologies IPO?
The Quicktouch Technologies IPO lot size is 2000 shares. A retail-individual investor can apply for up to 1 lot (2000 shares or ₹122,00)
What is the allotment date of Quicktouch Technologies IPO?
The allotment date of Quicktouch Technologies IPO is set for 26th April
What is the Quicktouch Technologies IPO’s listing date?
The Quicktouch Technologies IPO will be listed on 2nd May
What is the objective of the issue?
The net proceeds from the issue will be used for:
1. To meet the Working Capital requirement of our Company;
2. Acquisition of business in similar or complementary areas
3. General Corporate Purposes
4. Issue related expenses
How to apply for the Quicktouch Technologies IPO?
To apply for the IPO, follow the steps given below
• Login to your 5paisa account and select the issue in the current IPO section
• Enter the number of lots and price at which you wish to apply for
• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
• You will receive a mandate notification to block funds in your UPI app
Who are the promoters/key personnels of Quicktouch Technologies IPO?
Quicktouch Technologies IPO is promoted by Mr. Gaurav Jindal and Ms. Madhu.
Who are the book runners for Quicktouch Technologies IPO?
Share India Capital Services and Khambatta Securities are the lead book managers to the issue.
Contact Details of Quicktouch Technologies IPO
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 Register
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: virenr@skylinerta.com
Website: https://www.skylinerta.com/
Quicktouch Technologies IPO Lead Manager
Share India Capital Services Private Limited
Khambatta Securities Limited