Quicktouch Technologies IPO will open for subscription from 18 April 2023. the company aims for an issue size of ₹9.33 Cr through this IPO.
About Company
Incorporated in 2013, Quicktouch Technologies deals in two segments namely (i) software as a service (SAAS), and (ii) consultancy with respect to the development/support of applications/solutions for its clients. The company’s consulting/support services are related to applications from different industries such as finance, insurance, automotive, banking, etc.
Quicktouch launched ‘QuickCampus’, an Edutech marketplace, on 24 December 2022 which is claimed to be India’s first Edutech Marketplace. Quick Campus is a one-stop solution for all educational needs. It 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.
Components of Educational Institute Management System (EIMS)
- Integrated Software Modules
- Interactive Web Portal
- SMS Messaging
- GPS Tracking
- Smart Cards
- API Integrations
Basic details about the company
| Full name | Quicktouch Technologies Limited |
| Sector | Information Technology |
| Industry | IT – Software |
| Company Website | https://www.quicktouch.co.in/ |
The Objective of the Issue
- To meet the Working Capital requirement of our Company;
- Acquisition of business in similar or complementary areas
- General Corporate Purposes
- Issue related expenses
IPO Timetable
| IPO Opening date | 18 April 2023 |
| IPO Closing | 21 April 2023 |
| Basis of Allotment | 26 April 2023 |
| Initiation Refund | 27 April 2023 |
| Credit to Demat Account | 28 April 2023 |
| Listing Date | 02 May 2023 |
IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹9.33 Cr – 1,530,000 shares |
| Fresh Issue | ₹9.33 Cr – 1,530,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹61 per share |
| Lot size | 2000 Shares |
| Retail Allocation | 50% |
| Listing Exchange | NSE SME |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹122,000 |
| Retail (Max) | 1 | 2000 | ₹122,000 |
| HNI (Min) | 2 | 4,000 | ₹244,000 |
Reservation Details
| QIB Shares Offered | – |
| NII (HNI) Shares Offered | 50% |
| Retail Shares Offered | 50% |
Financial Performance
| FY 2020 | FY 2021 | FY 2022 | 7M FY 2023 | |
| Revenue | 265.89 | 727.26 | 2,545.16 | 2,812.60 |
| Expenses | 235.32 | 671.24 | 2,279.04 | 2,200.95 |
| Net income | 22.64 | 52.78 | 221.15 | 430.37 |
Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 2.26 | 5.28 | 22.01 |
| PE ratio | – | – | 2.77 |
| RONW (%) | 16.10 | 27.29 | 53.35 |
| NAV | – | – | 21.82 |
| ROCE (%) | 15.13 | 18.75 | 60.35 |
| ROE (%) | 22.64 | 52.78 | 116.39 |
| Debt/Equity | 0.61 | 0.69 | 0.14 |
Company Promoters
- Mr. Gaurav Jindal
- Ms. Madhu
Promoter Holding
| Pre Issue Share Holding | 89.41% |
| Post Issue Share Holding | 65.72% |
Lead Manager(s)
- Share India Capital Services Private Limited
- Khambatta Securities Limited
IPO Registrar
SKYLINE FINANCIAL SERVICES PVT. LTD
D-153 A, 1st Floor, Okhla Industrial Area,
Phase – I, New Delhi-110020
Phone: +91- 11-40450193-97
Email: virenr@skylinerta.com
Website: www.skylinerta.com
Contact Details
QUICKTOUCH TECHNOLOGIES LIMITED
Office no. 203, 2nd Floor D-Mall,
Netaji Subhash Place, Pitampura, Delhi- 110034
Phone: +91 8800166317
E-mail: cssonali@quicktouch.co.in
Website: www.quicktouch.co.in
Allotment Status
Quicktouch Technologies IPO allotment status will be available on Skyline Financial Services’ website. Click on this link to get allotment status.
Final thoughts
Quicktouch Technologies IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
