Quicktouch Technologies was incorporated on July 2, 2013, as Sahul Technologies. The company is in the business of software IT solutions and consulting services, IT product/software development and software commercial training, and web designing.
| Bidding Dates |
|---|
| 18 Apr 2023 - 21 Apr 2023 |
| Subscription |
|---|
| 107.26x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,22,000 | 1 | 1 | 2000 | 1.5 M | ₹61 | 73.53 % | ₹93.3 M | RHP DOC |
Quicktouch Tech IPO SUBSCRIPTION STATUS
21 Apr '23Quicktouch Tech IPO overall subscription rate was 107.26 times the total available shares
Quicktouch Tech IPO retail subscription rate was 49.55 times in the retail segment
Quicktouch Tech IPO non-institutional investor subscription rate was 164.97 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
21 Apr 2023 (Day 4) | 49.55x | 164.97x | - |
20 Apr 2023 (Day 3) | 9.63x | 10.03x | - |
19 Apr 2023 (Day 2) | 2.94x | 2.64x | - |
18 Apr 2023 (Day 1) | 0.74x | 1.1x | - |
Quicktouch Tech FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) |
| 7MFY23 | 43.0 | 281.3 | -20.3 | -21.1 |
| FY22 | 22.1 | 254.5 | 74.6 | 6.2 |
| FY21 | 5.3 | 72.7 | 7.0 | -0.6 |
| FY20 | 2.3 | 26.6 | 26.2 | -7.7 |
Quicktouch Tech IPO SUBSCRIPTION STATUS DETAILS
Quicktouch Tech had 1.5 M shares on offer
Quicktouch Tech IPO offer price was ₹61
Quicktouch Tech IPO minimum Investment was ₹122000
Quicktouch Tech IPO issue size was ₹ 93.3 M
Quicktouch Tech had a minimum lot size of 2000 Shares per application
Quicktouch Tech NUMBER OF SHARES ON OFFER
Quicktouch Tech IPO IMPORTANT DATES
| Issue Open Date | 18 Apr 2023 |
| Issue close Date | 21 Apr 2023 |
| Allotment Date | 26 Apr 2023 |
| Refund Date | 27 Apr 2023 |
| Demat Account Credit Date | 28 Apr 2023 |
| Listing Date | 02 May 2023 |
| Listing on Exchange(s) | BSE |
| Quicktouch Tech Allotment Status | Exchange |
Quicktouch Tech IPO subscription opened on 18 Apr 2023, and closed on 21 Apr 2023
IPO allotment for Quicktouch Tech was finalized on Wednesday, 26 Apr 2023
IPO listing for Quicktouch Tech was on BSE on Tuesday, 02 May 2023
Quicktouch Tech IPO LISTING GAINS
| Issue Price (adjusted) | 61.0 |
| Listing Open Price | 92.0 |
| Listing Close Price | 96.6 |
| Listing Gain% | 50.8% |
| Current Gain% | -63.1% |
Quicktouch Tech Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Quicktouch Technologies Ltd. | 22.5 | 13 | -3.2 | 0 | 1.4 | -4.9 | -2.8 | 26.3 | -72.3 | -9 | -257.7 | -7 | -248.2 |
| Tata Consultancy Services Ltd. | 2452.7 | 887408.3 | 17.8 | 16.7 | 3.2 | 45.9 | 27 | 271423 | 4.7 | 49210 | 1.4 | 137.6 | 1.1 |
| Infosys Ltd. | 1175.1 | 476862.2 | 15.7 | 1.4 | 2.6 | 31.7 | 18.9 | 182972 | 9.8 | 29440 | 10.2 | 74.6 | 11.1 |
| HCL Technologies Ltd. | 1356.6 | 368135.8 | 21.1 | 8 | 2.7 | 22.1 | 14.3 | 131674 | 10.2 | 16642 | -4.3 | 64.2 | 2.6 |
| Wipro Ltd. | 187.5 | 185737.1 | 14.1 | -7.8 | 2 | 15 | 9.3 | 96497.7 | 3.8 | 13197.4 | 0.5 | 13.3 | -1.8 |
| Tech Mahindra Ltd. | 1635 | 160243.9 | 31.2 | 2.4 | 2.7 | 16.2 | 9.7 | 56847.3 | 5.6 | 4810.9 | 13.2 | 52.4 | 13.1 |
Quicktouch Tech INFORMATION ON IPO ISSUE
About Quicktouch Tech
Quicktouch Technologies was incorporated on July 2, 2013, as Sahul Technologies. The company is in the business of software IT solutions and consulting services, IT product/software development and software commercial training, and web designing.
Object of the Issue
- To meet the working capital requirement of the company
- Acquisition of business in similar or complementary areas
- General corporate purposes
- Issue related expenses
Quicktouch Tech - PROMOTERS
| Name |
|---|
| Gaurav Jindal |
| Madhu |
Quicktouch Tech Lead Manager of the Issue
Share India Capital Services Private Limited
info@shareindia.com
Quicktouch Tech Lead Manager to the Issue
Khambatta Securities Limited
chandan@khambattasecurities.com
Quicktouch Tech Registrar to the Issue
Skyline Financial Services Private Limited
virenr@skylinerta.com
Quicktouch Tech Strengths
Quality Policy
The company has established, documented, implemented and is maintaining a quality management system and continually improving the effectiveness of the services
Invests in human capital
The company invests in human capital by training, and retaining key people that have been and will remain critical to the company's success
End-to-end software solutions
The company offers end-to-end technology services and solutions. Since its incorporation, it has continuously developed offerings to include new-age technologies along with data science and artificial intelligence capabilities, query optimization and rapid iteration services
Quicktouch Tech Risks
Outstanding litigations
There are outstanding litigations involving the company, promoters and directors, which, if determined adversely, may affect the business and its financial condition
Negative cash flows
The company has had negative cash and cash equivalent generated in the past and may, in the future, experience similar negative cash flows
IPO FAQs
The promoters of the company are Gaurav Jindal and Madhu.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 61.0 - 61.0.
The IPO application opens on Apr 18, 2023 and closes on Apr 21, 2023.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 122,000.0, the maximum value for this IPO is Rs 122,000.0.
This IPO will be allotted on Apr 26, 2023.
The refund will be credited to your account on Apr 27, 2023.
The allotted shares will be credited to your demat on Apr 28, 2023.
Quicktouch Technologies Ltd.’s shares listed on the stock exchanges on May 02, 2023.