IPO Details
Bidding Dates
18 Apr '23 - 21 Apr '23
Minimum Investment
₹122,000 / 1 Lots ( 2000 Shares )
Price Range
₹61
Maximum Investment
₹122,000 / 1 Lots ( 2000 Shares )
Retail Discount
To be announced
Issue Size
₹ 9.33 Cr
Investor category and sub category
Qualified Institutional Buyers | Non-Institutional Investors | Retail Individual Investor |Quicktouch Technologies Ltd IPO Dates
Important dates with respect to IPO allotment and listing
IPO Opening Date
Apr 18, 2023
IPO Closing Date
Apr 21, 2023
Basis of Allotment
Apr 26, 2023
Initiation of Refunds
Apr 27, 2023
Credit of Shares to Demat Account
Apr 28, 2023
IPO Listing Date
May 2, 2023
Quicktouch Technologies IPO Subscription Details
| Date | NII | Retail | Total |
|---|---|---|---|
Day 1Apr 18, 2023 |
1.10 | 0.75 | 0.92 |
Day 2Apr 19, 2023 |
2.64 | 2.96 | 2.80 |
Day 3Apr 20, 2023 |
7.58 | 9.70 | 9.87 |
Day 4Apr 21, 2023 |
160.40 | 49.55 | 107.26 |
Quicktouch Technologies IPO Subscription Status Live
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institutions Buyer | [.] |
| Non-Institutional Buyers | 160.40 |
| Retail Investors | 49.55 |
| Employees | [.] |
| Others | [.] |
| Total | 107.26 |
About Company
Quicktouch Technologies is an information technology company that started in 2013 in Kolkata. The company helps companies to leverage information technology with industry-wide experience, deep technology expertise, and a comprehensive service portfolio.
The company’s service portfolio includes IT product and software development, software training, web designing, app development, digital marketing, and web hosting services.
Quicktouch Technologies has developed Enterprise Resource Planning software and mobile apps to simplify school administration and management.
Quicktouch Technologies Ltd. IPO Details
Quicktouch Technologies IPO date is confirmed on April 18, 2023. Investors can bid for the offer from April 18-21, 2023.
Quicktouch Technologies IPO is a fresh issue IPO worth Rs. 9.33 crore. The price is fixed at Rs. 61 per share. Retail investors can apply for a minimum lot size of one with 2000 shares.
The IPO will list in the NSE SME segment on May 02, 2023.
Quicktouch Technologies Ltd. IPO Objective
The company intends to utilise the net proceeds from the fresh issues for the following purposes.
- Acquisition of similar businesses
- To meet incremental working capital requirements and general corporate purposes
- To fulfil issue-related expenses
Should you invest in Quicktouch Technologies Ltd.?
Here are the top reasons to consider before investing in Quicktouch Technologies Ltd. IPO.
- The education ERP market is booming. From a size of US$ 12.7 billion in 2021, the market is expected to grow to Rs. 25.2 billion at 14.7% CAGR.
- The education market in India has significant potential for growth following government initiatives to promote education at different levels. It is already one of the largest globally in terms of market size.
- Advancements in e-learning will boost the growth of education ERP applications.
Quicktouch Technologies Ltd. Noteworthy highlights
- The top 10 customers of Quicktouch Technologies have contributed 62.91% of revenue from the operation, indicating less dependence on a few customers.
- The revenue from operations for the company increased by 857.22% in 2022 from Rs. 265.89 lakh in 2020.
Quicktouch Technologies Ltd Company Financials
| Particulars | Period ending on March 31, 2022 ( ₹ lakhs) | Period ending on March 31, 2021 ( ₹ lakhs) | Period ending on March 31, 2020 ( ₹ lakhs) |
|---|---|---|---|
| Revenue from Operations | 2545.15 | 727.25 | 265.89 |
| Profit After Tax (PAT) | 221.15 | 52.77 | 22.63 |
| EPS (Basic) | 22.01 | 0.53 | 0.23 |
| ROE | 116.39% | 52.78% | |
| Current Ratio | 0.61 | 0.84 | 0.51 |
Know before investing
Strengths
3-
The company is managed by experienced managers and a well-trained team.
-
It offers end-to-end technology solutions and services to its clients, helping them leverage new technology.
-
The company follows a strict quality policy and implements standard quality management.
Risks
3-
The industry is highly competitive and fragmented.
-
Outcomes of legal cases pending against the company promoters can adversely impact business performance.
-
There is a significant rise in the company's bottom line in FY23, which raises concerns regarding maintaining high performance going forward.
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Quicktouch Technologies IPO FAQs
The total issue size of Quicktouch Technologies Ltd. IPO is Rs. 9.33 crore. It contains a total of 1,530,000 equity shares.
The IPO opens for subscription on April 18, 2023.
The basis of allotment date for Quicktouch Technologies IPO is April 26, 2023.
The lot size of Quicktouch Technologies is 2000 shares.
The subscription window will open on April 18, 2023.
Retail investors can apply for a minimum of one lot.
The listing date for Quicktouch Technologies IPO is May 02, 2023.
Checking the allotment status of any IPO is easy with the Angel One app. Login to Angel One app and validate with MPIN and OTP.
To check the IPO allotment status, enter your application number, DP ID, and PAN number into the app.
Listing gains cannot be calculated before the listing of the IPO on the stock exchange.
According to the changed norms the banks only block the amount in your account. The money is debited only when the shares are allotted or get unblocked after the UPI mandate expiry date.
You must log in to your UPI handle to approve the payment mandate at the final stage of application.
You are allowed to submit only one application using one PAN card.
The minimum order size for Quicktouch Technologies is one lot with 2000 shares.
