Quicktouch Technologies Limited IPO is set to launch on 19 April, 2023. The company initiated its business operations in the year 2009. It is in the business of Software IT Solutions, IT Products/Software Development, Consulting services, Web Designing and Commercial Training.
It is involved in the business of ERP or Enterprise Resource Planning. Quicktouch’s web designing includes iOS App/ Mobile App/ Android App Development, Web Designing and Redesigning, Web Hosting Services and Digital Marketing.
Quicktouch Technologies Limited IPO DETAILS
Quicktouch Technologies Limited IPO is set to launch on 18 April., 2023. The subscription timeline extends till 21 April, 2023. The size for the IPO is 9.33 Crore Rs. Shares issued through fresh issue mode are worth 9.33 Crore Rs. No Shares are issued through offer for sale mode. The lot size is 2000 shares and the price is 61 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Fixed Price issue. The registrar for the company is Skyline Financial Services Private Limited.
Tabular Description of Quicktouch Technologies Limited IPO
| IPO OPENING DATE | 18 April., 2023 |
| CLOSING DATE FOR IPO | 21 April, 2023 |
| ISSUE TYPE | Fixed Price Issue |
| Face Value per share | 10 Rs. per share |
| IPO price band | 61 Rs per share |
| LOT SIZE | 2000 shares |
| MINIMUM ORDER QUANTITY | 2000 shares |
| ISSUE SIZE | 9.33 Crore Rs. |
| OFFER FOR SALE | No shares are issued through offer for sale mode. |
| FRESH ISSUE | 9.33 Crore Rs. |
| LISTING AT | NSE SME |
| LISTING DATE | 2 May, 2023 |
Quicktouch Technologies Limited IPO : IMPORTANT DATES
| IPO OPENING DATE | 18 April., 2023 |
| CLOSING DATE FOR IPO | 21 April., 2023 |
| IPO ALLOTMENT DATE | 26 April, 2023 |
| REFUNDS | 27 April, 2023 |
| DEMAT A/C CREDITED ON | 28 April, 2023 |
| IPO LISTING DATE | 2 May, 2023 |
Quicktouch Technologies Limited IPO begins for subscription from 18 April., 2023. The IPO subscription would continue till 21 April, 2023. The allotment status for the shareholders who applied would come on 26 April, 2023. The refunds for the ones who did not get allotment would be initiated on 27 April, 2023. The DEMAT accounts of shareholders would be credited on 28 April, 2023. The listing of the company would be accompanied on 2 May, 2023.
Quicktouch Technologies Limited IPO : Lead Managers
The lead managers are :
- Khambatta Securities Limited
- Share India Capital Services Private Limited
The minimum lot size for the company is decided at 2000 shares. This holding accounts to 122000 Rs.. The maximum lot size is decided at 4000 shares (HNI). This amounts to 244000 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 2000 shares | 122000 Rs. |
| Maximum | 4000 shares | 244000 Rs. |
OBJECTIVES FOR THE IPO
- IPO proceeds would be used for general corporate purposes.
- The Issue proceeds will be utilised for fulfilling the working capital requirements.
- The company wants to undertake certain acquisitions in the same business sector.
COMPANY FINANCIALS
| Particularly (in Lakh Rs.) | 2019-20 | 2020-21 | 2021-22 |
| ASSETS | 618 | 673 | 1686 |
| Revenue | 265 | 728 | 2552 |
| PAT | 22 | 52 | 221 |
Quick Touch Technologies Limited had an asset base of 618 Lakh Rs in 2020. Thailand’s income increased to 673 Lakh Rs in 2021 and 1686 Lakh Rs in 2022. Hence the company’s asset base widened by more than 1000 Lakh Rs in 2022. The revenue of the firm was 265 Lakh Rs in 2020 which increased to 728 Lakh Rs in 2021 and 2552 Lakh Rs in 2022. The revenue has been increasing by multi-fold over the years. The Profit of the firm was 22 LAkh Rs in 2020 which increased to 52 Lakh Rs in 2021. This is an almost 1.5 times increase in the profit figures. In 2022 the company made a profit of 221 Lakh Rs which is 170 Lakh Rs more than the previous year.
PROS
- Quicktouch’s web designing includes iOS App/ Mobile App/ Android App Development, Web Designing and Redesigning, Web Hosting Services and Digital Marketing.
- The company is in the business of Software IT Solutions, IT Products/Software Development, Consulting services, Web Designing and Commercial Training.
- It is involved in the business of ERP or Enterprise Resource Planning.
CONS
- The company works into a very competitive segment.
Quicktouch Technologies Limited IPO APPLICATION PROCESS WITH ZERODHA
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform.
- Clicking the IPO link present in the Portfolio section.
- Click the Quicktouch Technologies Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
