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) |
|---|---|---|
| Revenue from Operations | 2545.15 | 727.25 |
| Profit After Tax (PAT) | 221.15 | 52.77 |
| EPS (Basic) | 22.01 | 0.53 |
| ROE | 116.39% | |
| Current Ratio | 0.61 | 0.84 |
Know before investing
Strengths
3The 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
3The 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.
