Quicktouch Technologies Limited

18 Apr 2023 - 21 Apr 2023 Individual Category IPO NSE

Min Investment

₹122000

Price Band

₹61

Issue Size

15.3 lakhs
Equity Shares

Lot Size

2000 (per lot)

IPO Dates
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18 Apr 2023

Open Date

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21 Apr 2023

Close Date

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26 Apr 2023

Allotment Date

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03 May 2023

Listing Date

The company is coming out with a maiden IPO of 1530000 equity shares of Rs. 10 each at a fixed price of Rs. 61 per share to mobilize Rs. 9.33 cr. The issue opens for subscription on April 18, 2023, and will close on April 21, 2023. The minimum application is to be made for 2000 shares and in multiples thereon, thereafter. Post allotment, shares will be listed on NSE SME. The issue constitutes xx% of the post-IPO fully diluted paid-up equity capital of the company. QTL is spending Rs. 0.25 cr. for this IPO process and from the net proceeds, it will utilize Rs. 6.28 cr. for working capital, Rs. 1.40 cr. for the acquisition of the business in similar or complementary areas, and Rs. 1.40 cr. for general corporate purposes.  For this IPO, we have two joint lead managers i.e. Share India Capital Services Pvt. Ltd. and Khambatta Securities Ltd. while Skyline Financial Services Pvt. Ltd. is the registrar of the issue. Share India group company Share India Securities Ltd. is the market maker for the company.  Having issued initial equity at par, the company issued further equity shares at a price of Rs. 110 per share in June 2022 and has also issued bonus shares in the ratio of 9 for 10 in March 2022, and 1 for 1 in June 2022. The average cost of the acquisition of shares by the promoters is Rs. 2.63 per share.  Post-IPO, QTL's current paid-up equity capital of Rs. 4.25 cr. will stand enhanced to Rs. 5.78 cr. Based on the IPO pricing, the company is looking for a market cap of Rs. 35.26 cr. 

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About Quicktouch Technologies Limited

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.

Founded

2013

Managing Director

Gaurav Jindal

Parent Organization

IPO Objectives

The Company intends to utilize the proceeds of the Issue to meet the following objects: To meet the Working Capital requirement of our Company; Acquisition of business in similar or complementary areas General Corporate Purposes Issue related expenses

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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