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Quicktouch Technologies IPO is a fixed price issue of ₹9.33 crores. The issue is entirely a fresh issue of 0.15 crore shares of ₹9.33 crore.
Quicktouch Technologies IPO bidding started from Apr 18, 2023 and ended on Apr 21, 2023. The allotment for Quicktouch Technologies IPO was finalized on Apr 26, 2023. The shares got listed on NSE SME on May 2, 2023.
Quicktouch Technologies IPO price is ₹61.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,22,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,44,000.
Share India Capital Services Pvt.Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Share India Securities Ltd..
Refer to Quicktouch Technologies IPO RHP for detailed Information.
| IPO Date | April 18, 2023 to April 21, 2023 |
| Listing Date | May 2, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹61 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 15,30,000 shares (aggregating up to ₹9.33 Cr) |
| Reserved for Market Maker | 78,000 shares Share India Securities Ltd. (aggregating up to ₹0.4758 Cr) |
| Net Offered to Public | 14,52,000 shares (aggregating up to ₹8.86 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 42,50,000 shares |
| Share Holding Post Issue | 57,80,000 shares |
Quicktouch Technologies IPO offers total 15,30,000 shares. Out of which 7,26,000 (47.45%) allocated to NII, 7,26,000 (47.45%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 78,000 (5.10%) |
| NII (HNI) Shares Offered | 7,26,000 (47.45%) |
| Retail Shares Offered | 7,26,000 (47.45%) |
| Total Shares Offered | 15,30,000 (100.00%) |
Quicktouch Technologies IPO opens on April 18, 2023, and closes on April 21, 2023.
| IPO Open Date | Tue, Apr 18, 2023 |
| IPO Close Date | Fri, Apr 21, 2023 |
| Tentative Allotment | Wed, Apr 26, 2023 |
| Initiation of Refunds | Thu, Apr 27, 2023 |
| Credit of Shares to Demat | Fri, Apr 28, 2023 |
| Tentative Listing Date | Tue, May 2, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Apr 21, 2023 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,22,000 |
| Retail (Max) | 1 | 2,000 | ₹1,22,000 |
| HNI (Min) | 2 | 4,000 | ₹2,44,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
| 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 |
| 31-Oct-22 | 262.85 | 2,812.66 | 430.37 | 1,092.41 | 667.41 | 53.90 |
| Amount in ₹ Lakhs | ||||||
The Company intends to utilize the proceeds of the Issue to meet the following objects:
[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...
| Listing Date | May 2, 2023 |
| BSE Script Code | |
| NSE Symbol | QUICKTOUCH |
| ISIN | INE0K4D01020 |
| Final Issue Price | ₹61 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹61.00 |
| Open | ₹92.00 |
| Low | ₹92.00 |
| High | ₹96.60 |
| Last Trade | ₹61.00 |
Quicktouch Technologies Ltd.
815, Aggarwal Cyber Plaza-1,
Netaji Subhash Place,
Pitampura,
Delhi, New Delhi, 110034
Phone: +91 8800166317
Email: info@quicktouch.co.in
Website: http://www.quicktouch.co.in/
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: virenr@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Quicktouch Technologies IPO is a SME IPO of 15,30,000 equity shares of the face value of ₹10 aggregating up to ₹9.33 Crores. The issue is priced at ₹61 per share. The minimum order quantity is 2000.
The IPO opens on April 18, 2023, and closes on April 21, 2023.
Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Quicktouch Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in Quicktouch Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Quicktouch Technologies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Quicktouch Technologies IPO opens on April 18, 2023 and closes on April 21, 2023.
Quicktouch Technologies IPO lot size is 2000, and the minimum amount required for application is ₹1,22,000.
You can apply in Quicktouch Technologies IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Quicktouch Technologies IPO will be done on Wednesday, April 26, 2023, and the allotted shares will be credited to your demat account by Friday, April 28, 2023. Check the Quicktouch Technologies IPO allotment status.
The Quicktouch Technologies IPO listing date is on Tuesday, May 2, 2023.
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