Quicktouch Technologies IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Apr 21, 2023Let’s have a detailed review of the company and analytics of the Quicktouch Technologies IPO release date, IPO offer price, subscription, Quicktouch Technologies Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 61 |
| Listing At | NSE, SME |
| Min. Order Quantity | 2000 Shares |
| Listing Date | May 2, 2023 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 933 Lakh |
| IPO Size | Rs 933 Lakh |
| Tick Size | 1 |
Quicktouch Technologies IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Quicktouch Technologies Share Price |
Quicktouch Technologies IPO – Summary
Their Company is dealing in two segments as far as the 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 their clients.
These consulting/support services are related to applications from different industries such as finance, insurance, automotive, banking, etc. Their exposure to these industries involves their development consulting and/or support services to various payment gateways, insurance and other financial products aggregating platforms and also to the loan management system for some of the financing companies including the development of their applications.
The Promoter of this company is Mr Gaurav Jindal and Ms Madhu. The lead manager of the issue is SHARE INDIA CAPITAL SERVICES PVT. LTD. and KHAMBATTA SECURITIES LIMITED, and the Registrar of this issue is SKYLINE FINANCIAL SERVICES PVT. LTD.
Quicktouch Technologies IPO Date
The opening and closing dates of Quicktouch Technologies IPO are Apr 18, 2023, and Apr 21, 2023, respectively.
Quicktouch Technologies IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 18th Apr | 1.10x | 0.75x | 0.92x |
| 2nd Day – 19th Apr | 2.64x | 3.01x | 2.82x |
| 3rd Day – 20th Apr | 7.58x | 9.75x | 9.90x |
| 4th Day – 21st Apr | 160.40x | 49.55x | 107.26x |
| Shares Offered or Net Issue | 765,000 | 765,000 | 1,530,000 |
The shares subscribed by the public will be updated here.
Quicktouch Technologies IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares are pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Quicktouch Technologies Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Apr 26, 2023 |
| Refunds Initiation | Apr 27, 2023 |
| Credit of Shares to Demat Account | Apr 28, 2023 |
| Share Listing Date | May 2, 2023 |
Quicktouch Technologies IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.61
Quicktouch Technologies IPO Equity Size
This Initial Public Issue of 1,530,000 Equity Shares of Rs.10 each for cash at a price of Rs.61 per equity share aggregating to Rs.933 Lakh.
Quicktouch Technologies IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 1,530,000 Equity Shares of Rs.10/ each.
Issue Size: 1,530,000 Equity Shares of Rs.10 each, aggregating to Rs.933 Lakh
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Quicktouch Technologies IPO – Live Performance
The listing date of this IPO is May 2, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Quicktouch Technologies Share Price |
Quicktouch Technologies IPO Grey Market Premium
The Quicktouch Technologies Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Quicktouch Technologies IPO – Company Overview
Quick Campus is a one-stop solution for all educational needs. QuickCampus.online 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.
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.
Further, the Company has not started generating any revenue so far as it is in the market development phase of the product. The Company will start onboarding the schools/ institutes from the new session which is going to start on April 01, 2023.
Their Company is engaged in the business of Enterprise Resource Planning (ERP) – A school management software and mobile apps that help simplify administration and organization.
Quicktouch Technologies IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR) | ||||
| 31-Oct-22 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Total Assets | 26,28,49,270 | 168,635,636 | 67,387,521 | 61,893,517 |
| *Total Revenue | 28,12,66,444 | 25,52,72,756 | 7,28,11,606 | 2,65,92,288 |
| Total Expense | 22,00,94,507 | 22,79,03,629 | 6,71,23,671 | 2,35,32,462 |
| Profit After Tax | 4,30,37,061 | 2,21,15,032 | 52,77,658 | 22,63,954 |
Earnings per Equity Share
| 31-Oct-22 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Basic & Diluted | 12.89 | 22.01 | 0.53 | 0.23 |
Further, their PAT for the period ended on Oct 30, 2022, March 31, 2022, March 31, 2021, and March 31, 2020, were Rs. 4,30,37,061, Rs. 2,21,15,032, Rs. 52,77,658 and Rs. 22,63,954 respectively.
Quicktouch Technologies IPO – Promoters
The Promoter of this company is:
- Mr Gaurav Jindal
- Ms Madhu
List of Related Parties (Key Managerial Personnel)
- Jitesh Sharma, Chairman
- Gaurav Jindal, Managing Director
- Arjun Sharma, Whole-time Director
- Madhu, Director
- Shagun Madan, Independent Director
- Varundeep Gupta, Independent Director
Quicktouch Technologies IPO – Promoters Holding
- Pre-Issue Share Holding – 89.41%
- Post-Issue Share Holding – 65.72%
Quicktouch Technologies IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 15,30,000 Equity Shares aggregating up to Rs.933.30 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 78,000 Equity Shares aggregating up to Rs.47.58 Lakh |
| Net Issue to the Public | Up to 14,52,000 Equity Shares aggregating up to Rs.885.72 Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 7,26,000 E Equity Shares |
| Other than Retail Individual Investors | Not more than 7,26,000 E Equity Shares |
| Equity Shares outstanding prior to the Issue | 42,50,000 Equity Shares |
| Equity Shares Outstanding after the Issue | 57, 80,000 Equity Shares |
Quicktouch Technologies IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. To meet the Working Capital requirement of their Company;
2. Acquisition of business in similar or complementary areas
3. General Corporate Purposes
4. Issue-related expenses
Quicktouch Technologies IPO – Business Strategy
- Expanding their team as per the scope and exposures in the different regions
- Continuously running digital campaigns for its services/products on different social media platforms
- The company has prepared a detailed sales team process flow and KIPs to hire, trained and incentivized the sales team of the company.
Quicktouch Technologies IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Qualified & Experienced Management who lead the company to scale up and expand into new opportunities;
- Dedicated tech support team to provide services/ solutions to their customers;
- Strong marketing.
- Quality and focus on customer satisfaction;
- Networking strength
- Technology, research and development and know-how;
- A scalable business model with a satisfactory track record.
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-22 | 22.01 | 53.35% | 21.82 |
| 31-Mar-21 | 5.28 | 27.29% | – |
| Mar-20 | 2.26 | 16.10% | – |
Quicktouch Technologies IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total PAT (Rs. in Lakhs) | |
| Quicktouch Technologies Limited | 10 | 4.73 | 12.89 | 39.40% | 430.37 |
| Listed Peers | |||||
| Silver Touch Technologies Ltd. | 10 | 76.99 | 4.81 | 7.08% | 611.00 |
| Sigma Solve Ltd | 10 | 61.62 | 2.97 | 29.74% | 122.30 |
| Cambridge Technology Enterprises Ltd. | 10 | 10.53 | 4.99 | 11.47% | 206.00 |
Quicktouch Technologies IPO Lead Managers
| Lead Managers |
|
SHARE INDIA CAPITAL SERVICES PVT. LTD. KHAMBATTA SECURITIES LIMITED |
Quicktouch Technologies IPO Registrar to offer
| Registrar to the Offer |
| SKYLINE FINANCIAL SERVICES PVT. LTD. Address: D-153 A, 1st Floor, Okhla Industrial Area, Phase – I, New Delhi-110020 Tel No: +91- 11-40450193-97; Contact Person: Ms Rati Gupta Email: virenr@skylinerta.com Website: www.skylinerta.com; SEBI Registration No.: INR000003241 |
Quicktouch Technologies IPO – Other Details
- Statutory Auditor – M/s. Goyal Nagpal & Co., Chartered Accountants
- Legal Counsel to the Company – ADVOCATE PRAMOD CHANDRA GUPTA,
- Bankers to the Company – ICICI BANK LIMITED,
Quicktouch Technologies IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Quicktouch Technologies Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Quicktouch Technologies IPO Review FAQs
Check out various FAQs related to Quicktouch Technologies IPO:
What is the Issue Size of Quicktouch Technologies IPO?
The Company is making an initial public offer of 1,530,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Quicktouch Technologies IPO?
The price band for this particular IPO ranges between Rs 61. As far as the face value of the share is of concern, it is Rs. 10 per share.
What is the Quicktouch Technologies IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Apr 18, 2023, while the closing date is set for Apr 21, 2023.
What is the Quicktouch Technologies IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on Apr 26, 2023, refund initiation is on Apr 27, 2023, credit of shares is on Apr 28, 2023, and share listing date is on May 2, 2023.
What is the Quicktouch Technologies IPO Listing Date?
Shares of this company shall be listed in the exchanges on May 2, 2023. The date, when the listing would be done, is stagnant on May 2, 2023.
Who is the Registrar of Quicktouch Technologies IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. SKYLINE FINANCIAL SERVICES PVT. LTD.. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Quicktouch Technologies IPO?
Here are the promoters of this IPO – Mr Gaurav Jindal and Ms Madhu. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Quicktouch Technologies IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is Quicktouch Technologies IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Quicktouch Technologies Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2022 in INR is 2,21,15,032, 2021 is 52,77,658, and 2020 is 22,63,954. PAT from Oct 2022 is 4,30,37,061.
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