Small Cap NSE Stock Rallies On Allotment Of 59,50,000 Fully Convertible Warrants

Small cap company Quicktouch Technologies Limited shares today zoomed 1.89% after the company informed via its NSE filing about allotment of 59,50,000 (Fifty-Nine Lakhs Fifty Thousand) fully Convertible Warrants ('Warrants'), carrying a right exercisable by the Warrant holder to subscribe to one Equity Share per Warrant, to persons belonging to "Promoter" and "Non-Promoter/Public Category" on preferential basis at an issue price of Rs. 196.17/- per Warrant, after receipt of stipulated amount i.e. 25% of the Issue Price as subscription amount in accordance with provisions of Chapter V of SEBI ICDR Regulations.

The NSE filing further stated, "Each of the Warrant, so allotted, is convertible into or exchangeable for one fully paid-up equity share of Rs. 10/- (Rupee Ten only) of the Company in accordance with the provisions of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, on payment of the balance consideration i.e. 75% of the Warrant Issue Price from the Allottees within 18 months from the date of allotment of these warrants."

Quicktouch Technologies Stock Performance & Return: Current market price of Quicktouch Technologies shares on NSE is Rs 216.00 apiece. The 52-week high price of Quicktouch Technologies shares on NSE is Rs 274.00 apiece and 52-week low price is Rs 110.60 apiece, respectively. Quicktouch Technologies has a market capitalisation of Rs 123.11 crore. Quicktouch Technologies shares zoomed 1.19% in last 1-week and soared 7.85% in last 1-month. Quicktouch Technologies stock declined 12.88% in last 3-months.

Quicktouch Technologies About: It came into existence in 2013. Quicktouch Technologies Limited is an information technology company. It is in the business of Software IT solutions and Consulting Services, IT Product/Software Development and Software Commercial Training, and Web designing, among others.

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