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Quicktouch Technologies IPO is a fixed price issue of Rs 9.33 crores. The issue is entirely a fresh issue of 15.3 lakh shares.
Quicktouch Technologies IPO bidding started from April 18, 2023 and ended on April 21, 2023. The allotment for Quicktouch Technologies IPO was finalized on Wednesday, April 26, 2023. The shares got listed on NSE SME on May 2, 2023.
Quicktouch Technologies IPO price is ₹61 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹122,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹244,000.
Share India Capital Services Private Limited and Khambatta Securities Limited are the book running lead managers of the Quicktouch Technologies IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for Quicktouch Technologies IPO is Share India Securities.
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 |
| Price | ₹61 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 1,530,000 shares (aggregating up to ₹9.33 Cr) |
| Fresh Issue | 1,530,000 shares (aggregating up to ₹9.33 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 4,250,000 |
| Share holding post issue | 5,780,000 |
| Market Maker portion | 78,000 shares Share India Securities |
Quicktouch Technologies IPO offers 1,530,000 shares. 726,000 (47.45%) to NII, 726,000 (47.45%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 78,000 (5.10%) |
| Other Shares Offered | 726,000 (47.45%) |
| Retail Shares Offered | 726,000 (47.45%) |
| Total Shares Offered | 1,530,000 (100%) |
Quicktouch Technologies IPO opens on April 18, 2023, and closes on April 21, 2023.
| IPO Open Date | Tuesday, April 18, 2023 |
| IPO Close Date | Friday, April 21, 2023 |
| Basis of Allotment | Wednesday, April 26, 2023 |
| Initiation of Refunds | Thursday, April 27, 2023 |
| Credit of Shares to Demat | Friday, April 28, 2023 |
| Listing Date | Tuesday, May 2, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 21, 2023 |
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹122,000 |
| Retail (Max) | 1 | 2000 | ₹122,000 |
| HNI (Min) | 2 | 4,000 | ₹244,000 |
| Lot Size Calculator | |||
Mr. Gaurav Jindal and Ms. Madhu are the promoters of the company.
| Share Holding Pre Issue | 89.41% |
| Share Holding Post Issue | 65.72% |
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...
The Quicktouch Technologies IPO is subscribed 107.26 times on April 21, 2023 7:29:00 PM. The public issue subscribed 49.55 times in the retail category, times in the QIB category, and 160.40 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 160.40 |
| Retail | 49.55 |
| Total | 107.26 |
Total Application : 18,953 (49.49 times)
| Listing Date | May 2, 2023 |
| BSE Script Code | |
| NSE Symbol | QUICKTOUCH |
| ISIN | INE0K4D01020 |
| Final Issue Price | ₹61 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹61.00 |
| ₹92.00 |
| ₹92.00 |
| ₹96.60 |
| ₹61.00 |
Quicktouch Technologies Limited
815, Aggarwal Cyber Plaza-1,
Netaji Subhash Place, Pitampura,
Delhi-110034
Phone: +91 8800166317
Email: info@quicktouch.co.in
Website: http://www.quicktouch.co.in/
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: virenr@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
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Quicktouch Technologies IPO is a SME IPO of 1,530,000 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 Shares.
The IPO opens on April 18, 2023, and closes on April 21, 2023.
Skyline Financial Services Private 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 Shares, and the minimum amount required is ₹122,000.
You can apply in Quicktouch Technologies IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, 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.
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RHP
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This stock is imitating Homesfy Realty in its movements, I am holding my allotment tightly and would not flip until a few 20% upper circuits.