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Category :
IPO
Headline :
Quicktouch Technolog announces launch of initial public offering
Date:
13/04/2023 11:20
Quicktouch Technologies Ltd. has announced public offering of 1530000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 51.00 per share. The gross proceeds of the issue are expected to be Rs 933.30 lakhs.
The company's initial public offer (IPO) will open on 18 April 2023 and is expected to close on 21 April 2023, subject to customary closing conditions.
The IPO includes a fresh Issue of 1530000 Equity Shares of the Company at an price of Rs 61.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 2000 shares with bids in multiples of 2000.
Quicktouch Technologies Ltd. anticipates using the proceeds of the issue for To meet the Working Capital requirement of the Company Acquisition of business in similar or complementary areas General Corporate Purposes Issue related expenses.
Khambatta Securities Ltd.,Share India Capital Services Pvt. Ltd. as lead manager(s) & Skyline Financial Services Pvt. Ltd. is the registrar, to the issue.
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