Quicktouch Technologies
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- IPO date
- 18 Apr 2023 – 21 Apr 2023
- Listing date
- 02 May 2023
- Face value
- ₹10 per share
- Issue price
- ₹61 per share
- Lot size
- 2,000 shares
- Issue type
- Fixed Price issue
- Total issue size
- ₹9.33 Cr
- Market cap at offer price
- ₹35.26 Cr
- Promoter holding
- 89.41% → 65.72% pre-issue → post-issue
- ISIN
- INE0K4D01020
- Registrar
- Skyline Financial Services Pvt.Ltd.
- Lead managers
- Share India Capital Services Pvt.Ltd.
- Registered office
- 815, Aggarwal Cyber Plaza-1, Netaji Subhash Place, Pitampura, New Delhi
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Market maker | 78,000 | — | — |
Application size
Minimum 2,000 shares per lot, in multiples, at ₹61
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 2,000 | ₹1,22,000 |
| S-HNI (min) | 2 | 4,000 | ₹2,44,000 |
| S-HNI (max) | 8 | 16,000 | ₹9,76,000 |
| B-HNI (min) | 9 | 18,000 | ₹10,98,000 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Valuation and performance
Valuation at offer price
| Metric | Pre-issue | Post-issue |
|---|---|---|
| Market cap | — | ₹35.26 Cr |
Key performance indicators
- PAT margin
- 8.66%
- NAV per share
- ₹21.82
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About Quicktouch Technologies
Quicktouch Technologies Limited, incorporated as a public limited company on July 02, 2013 (originally as Sahul Technologies Limited, renamed in 2016), is engaged in Software IT Solutions and Consulting Services, IT Product/Software Development, Software Commercial Training, and Web Design. The company specializes in website designing/redesigning, iOS/Android/mobile app development, web hosting services, and enterprise resource planning (ERP) school management software. With extensive experience in the education sector, Quicktouch provides high-quality solutions to help clients succeed. The company has leveraged domain expertise, processes, and infrastructure to diversify service offerings across various business sectors. Revenue from operations grew 957.71% from ₹265.89 lakhs in FY 2020 to ₹2,812.66 lakhs as of October 31, 2022, with top 10 customers contributing 81.22% of revenue as of October 31, 2022.
Company Analysis
from RHPQuicktouch Technologies Limited is an information technology company providing software solutions, IT consulting services, web design, mobile app development, and enterprise resource planning (school management) software to diverse business sectors.
Quicktouch Technologies Limited, incorporated as a public limited company on July 02, 2013 (originally as Sahul Technologies Limited, renamed in 2016), is engaged in Software IT Solutions and Consulting Services, IT Product/Software Development, Software Commercial Training, and Web Design. The company specializes in website designing/redesigning, iOS/Android/mobile app development, web hosting services, and enterprise resource planning (ERP) school management software. With extensive experience in the education sector, Quicktouch provides high-quality solutions to help clients succeed. The company has leveraged domain expertise, processes, and infrastructure to diversify service offerings across various business sectors. Revenue from operations grew 957.71% from ₹265.89 lakhs in FY 2020 to ₹2,812.66 lakhs as of October 31, 2022, with top 10 customers contributing 81.22% of revenue as of October 31, 2022.
Objects of the Issue
- To meet the Working Capital Requirements of our Company ₹628.00 Lakhs p.22
- Acquisition of business in similar or complementary areas ₹140.00 Lakhs p.22
- General Corporate Purposes ₹140.00 Lakhs p.22
- Issue Expenses ₹25.30 Lakhs p.22
- To meet the Working Capital requirement of the Company ₹628.00 lakhs p.86
- Acquisition of business in similar or complementary areas ₹140.00 lakhs p.88
- General Corporate Purposes ₹140.00 lakhs p.89
- Issue related expenses ₹25.30 lakhs p.90
Issue Structure
- Total Issue
- ₹933.30 Lakhs (15,30,000 Equity Shares at ₹61 per share)
- Fresh Issue
- 15,30,000 Equity Shares of face value ₹10 each at ₹61 per share aggregating ₹933.30 Lakhs
- Offer for Sale
- Not Applicable
- Price Band
- ₹61 per Equity Share (Fixed Price Issue)
- Lot Size
- 2,000 Equity Shares (Trading lot); minimum allotment of 2,000 Equity Shares
- Face Value
- ₹10 per Equity Share
Business Model
The company earns revenue through Software IT Solutions and Consulting Services, IT Product/Software Development, Software Commercial Training, Web Design Services (website designing/redesigning, mobile app development, web hosting), and Enterprise Resource Planning (school management) software. Customers are provided credit periods ranging between 80 to 100 days. The company has also entered into a long-term agreement with an Advertising Operator and Digital Solution Provider (Zivah International Pvt Ltd and M/s Sunpin EV Solutions Pvt Ltd) valued at ₹619.91 lakhs plus taxes for displaying content on spaces.
Business Segments
SWOT Analysis
- • Diverse service portfolio across software, ERP, and digital solutions(p.21)
- • ISO 27001:2013 certification for data security(p.28)
- • Strong revenue growth trajectory(p.31)
- • Experienced management team with domain expertise(p.21)
- • Experienced and qualified management team with deep industry expertise(p.114)
- • ISO certified with strong quality management systems(p.118)
- • Strong revenue growth trajectory(p.131)
- • End-to-end technology solutions and comprehensive service offerings(p.115)
- • Innovative ERP product with AI/ML integration and multi-functional modules(p.111)
- • ISO certifications demonstrating quality and security standards(p.214)
- • Strong revenue growth trajectory with expanding customer base(p.218)
- • Experienced promoter with CA qualification and proven track record(p.150)
- • Diversified service offerings across software and IT solutions(p.214)
- • Positive profitability and improving net worth(p.219)
- • Criminal litigation against promoter and managing director(p.26)
- • Regulatory non-compliance and delayed filings(p.27)
- • Heavy customer concentration risk(p.29)
- • Negative operating cash flows in recent period(p.34)
- • Long-term advertising agreement with unquantified revenue generation risk(p.28)
- • Lack of long-term binding client agreements(p.30)
- • High trade receivables requiring working capital investment(p.32)
- • QuickCampus product has not yet generated revenue and is in market development phase(p.111)
- • High customer concentration risk with top 5 customers representing 64.60% of revenue(p.116)
- • Limited employee base of only 22 full-time employees(p.118)
- • Small company with relatively recent business takeover by current promoters(p.131)
- • High concentration of revenue among few customers creating dependency risk(p.222)
- • Promoter involved in ongoing GST litigation with significant penalty exposure(p.224)
- • Negative working capital with current ratio below 1.0 in most years(p.210)
- • Material intangible assets representing significant portion of total assets(p.169)
- • High growth Indian technology industry with strong tailwinds(p.21)
- • Strong expansion in digital revenue and e-commerce(p.21)
- • Domestic technology market expansion(p.21)
- • Market penetration in enterprise resource planning and school management software(p.32)
- • Expansion through strategic acquisitions in complementary areas(p.36)
- • Working capital deployment for business growth(p.22)
- • Expansion into global markets through digital marketing and sales teams(p.115)
- • Rapidly growing Education ERP market expanding at 14.7% CAGR through 2026(p.107)
- • Large addressable market with India having 15 lakh schools and 265 crore+ students(p.108)
- • Strategic acquisitions and partnerships to enhance service offerings and market reach(p.88)
- • Growing EdTech market in India expected to reach $30 billion by 2031(p.109)
- • India's expanding IT sector with 8% contribution to GDP and strong government support(p.105)
- • Expansion into international markets with growing export services(p.218)
- • Growth in school management software and ERP solutions sector(p.214)
- • Increasing demand for digital transformation and IT services(p.214)
- • Listing on NSE providing access to capital markets for growth funding(p.228)
- • Rapid technological changes requiring continuous adaptation(p.29)
- • Cybersecurity threats and data breach risks(p.28)
- • COVID-19 pandemic and potential future lockdowns(p.30)
- • Intense competition and commoditization risk in software industry(p.31)
- • Regulatory and policy changes affecting business(p.33)
- • Global economic volatility and geopolitical risks(p.42)
- • Natural calamities impacting Indian economy and business(p.43)
- • Terrorist attacks and civil unrest impacting financial markets(p.43)
- • Highly competitive IT services market with both domestic and international competitors(p.117)
- • Intense competition from companies with greater financial and resource capabilities(p.117)
- • Global economic slowdown and reduced IT spending(p.99)
- • Elevated inflation and supply chain disruptions impacting business operations(p.99)
- • COVID-19 pandemic impact with ongoing economic uncertainty(p.116)
- • Intense competition from established and unorganized players(p.222)
- • Economic cycles and market conditions affecting IT sector demand(p.215)
- • Dependence on skilled personnel retention in competitive labor market(p.215)
- • Pandemic and unforeseen global events affecting operations(p.215)
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Gaurav Jindal | Promoter | 17.88% | 13.16% |
| Madhu | Promoter | 18.78% | 13.78% |
| Gaurav Jindal | Promoter/Managing Director | 17.88% | 13.15% |
| Madhu | Promoter/Executive Director | 18.78% | 13.81% |
| Gaurav Jindal | Individual Promoter | 17.88% | — |
| Madhu | Individual Promoter | 18.78% | — |
Leadership
Auto-extracted from the company's RHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official RHP before relying on it.