Quicktouch Technologies Limited IPO

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i. Quicktouch Technologies Limited is an information technology company, helps customers do business better by leveraging industry-wide experience, deep technology expertise, comprehensive portfolio of services and robust business model.

ii. The Company is in the business of Software IT Solution and Consulting Services, IT Product / Software Development and Software Commercial Training, Web designing. Web designing services include: Website Designing/ Redesigning, iOS App/ Android/ Mobile App Development, Digital Marketing, Web Hosting Services. The company has leveraged its domain expertise, processes and infrastructure to diversify our offering of services to cater to a variety of business sectors.

iii. The Company is engaged in the business of Enterprise Resource Planning (ERP) – A school management software and mobile apps that help simplify administration and organization. The concept of ERP and businesses are described as under:

i. EIMS 9.0 ERP Concept

ii. EIMS® ERP Software

iv. Applications: EIMS- Educational Institute Management System

i. Integrated Software Modules

ii. Interactive Web Portal

iii. SMS Messaging

iv.  GPS Tracking

v. Smart Cards

vi.. API Integrations

Competitive Strengths
i. Experienced Promoter and a well-trained employee base
ii. Quality Policy
iii. Strengthen human capital

Objects of the Quicktouch Technologies Limited IPO:

The Company intends to utilize the proceeds of the Issue to meet the following objects: i. To meet the Working Capital requirement of our Company; ii. Acquisition of business in similar or complementary areas iii. General Corporate Purposes iv. Issue related expenses
DRHP of Quicktouch Technologies Limited IPO

Quicktouch Technologies Limited IPO Details:

Open Date: Apr 18 2023
Close Date: Apr 21 2023
Total Shares: 1,530,000
Face Value: ₹ 10 Per Equity Share
Issue Type: Fixed Price Issue IPO
Issue Size: 9.33 Cr.
Lot Size: 2000 Shares
Issue Price: ₹ 61 Per Equity Share
Listing At: NSE Emerge
Listing Date: May 02 2023

Promoters And Management:

Mr. Jitesh Sharma, aged 27 years, Non-Executive Director of the Company. He holds Masters’ Degree in Business Administration - Finance (MBA-Finance). He is having experience and knowledge related to finance and funds utilization of the organization. Mr. Gaurav Jindal, aged 31 years, is Promoter & Managing Director of the Company. He is a qualified Chartered Accountant holding Fellow membership of the Institute of Chartered Accountants of India (“ICAI”) having Membership number- 522299. Pursuing Bachelor in Law from CCS University, Meerut. He is associated with the company since 2016 and during his association; the company has seen good growth and the wealth of its shareholders has also been increased. He holds 7,60,000 Equity Shares, representing 17.88% of the pre issue, subscribed and paid-up Equity Share capital of the Company. Mr. Arjun Sharma, aged 39 years, is the Whole time Director of the Company. He is an Alumni of Indian Institute of Management (IIM- Calcutta), Certified Senior Marketing professional by Google, Internet and Mobile Association of India (IAMAI), National Institute of Insurance (NII).

Financials of Quicktouch Technologies Limited IPO:

Particulars ( In Lakhs ) 2022 2021 2020 2019 2018
Revenue from Operations 2545 727 266 140 123
Other Income 7.57 0.80 0.02 2.88 0.07
Total Revenue 2552 728 265 142 122
Cost of Material Consumed 70 211 74 - -
Purchases of Stock-in-trade - - - - -
Changes in Inventories - - - - -
Employee Benefits Expense 136 60 58 52 48
Other Expenses 1945 291 61 41 23
EBITDA 400 164 71 48 50
Depreciation & Amortisation 114 103 37 29 38
Finance Cost 11.98 4.19 3.62 0.37 0.05
EBIT 285 61 34 19 12
OPM (%) 15.69% 22.61% 26.96% 34.03% 41.48%
PBT 273 56 30 18 12
Taxes 52.54 4.10 7.95 4.96 0.91
PAT 221 52 22 13 11
NPM (%) 8.66% 7.25% 8.51% 9.70% 9.57%
No.of Shares 57 57 57 57 57
EPS 3.83 0.91 0.39 0.24 0.20
P/E 15.94 66.81 155.74 254.81 300.25

Comparison With Peers:

Name of the Company Revenue (Cr) Profit (Cr) P/E EPS CMP Mcap (Cr)
Quicktouch Technologies Ltd 25 2 15.94 3.83 61 35
Silver Touch Technologies Ltd 128 6 58.7 4.82 352 446
Sigma Solve Ltd 41 14 21.2 8.7 182 187
Cambridge Technology Enterprises Ltd. 112 10 8.09 4.99 50.6 99.2
 

Lead Manager of Quicktouch Technologies Limited IPO:

  1. Khambatta Securities Limited
  2. Share India Capital Services Private Limited

Registrar of Quicktouch Technologies Limited IPO:

  1. Skyline Financial Services Private Ltd

Company Address:

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/

Discussion on Quicktouch Technologies Limited IPO:

2 Comments

    1. The company is in the business of software designing, development, customization, implementation, dealing in computer software & solutions, but they have no board members with a technical expertise.



    2. Litigation Against the Promoters- 

On February 18, 2019, Mr. Gaurav Jindal, Promoter and Director of the Company booked and arrested as accused under Section 69 of Central Goods and Services Tax (‘CGST Act, 2017) for violation of Section 132, 7, 16(2), 31, 32, 35, 37,38 and 39 of the CGST Act 2017. It was alleged that Mr. Gaurav Jindal, while acting as one of the Director of M/s. GJA Industries Limited (now name changed to M/s. Whitecliff Industries Limited) and few other companies has violated the provisions of Section 132 of CGST Act 2017 to the tune of ₹ 8.85 Cr



    3. In fiscal year 21-22, their EBITDA margins were only 15%, which is extremely low for an IT company. In Fy222, 19 Cr or 76% of expenses, was allocated to Other Expenses, while Employee benefit expenses were only 5.3% of the revenue. In most IT companies, the cost of employee benefits exceeds 50 percent, indicating that they outsource the majority of their work to other IT companies on the market and getting meagre commission. 


    4. The revenue has jumped suddenly from 2 Cr in Fy20, to 7 Cr in Fy21 and 25 Cr in Fy22. 



    5. Current Ratio is less than 1. That means current liabilities are more and current assets are less. Liquidity problem might come.

    Reply

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