Quick Heal to hit markets today with Rs 451-cr IPO

Quick Heal to hit markets today with Rs 451-cr IPO

FPJ BureauUpdated: Friday, May 31, 2019, 06:21 PM IST
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New Delhi :  Software provider Quick Heal Technologies will hit the capital markets on Monday to raise Rs 451 crore through an initial public offering (IPO).

The IPO consists of fresh issue of Rs 250 crore and an offer for sale of about 62.70 lakh equity shares by promoters Kailash Sahebrao Katkar and Sanjay Sahebrao Katkar, as well as Sequoia Capital India Investment Holdings III. The company has fixed the price band at Rs 311-321 for its initial public offer (IPO), which will close on February 10. Quick Heal has already raised Rs 133.9 crore from 10 anchor investors, including BNP Paribas Advantage and Reliance MF.

The company has alloted 41.70 lakh equity shares at Rs 321 apiece, the upper end of the price band, to 10 anchor investors.

ICICI Securities, Jefferies India and JPMorgan India are the book running lead managers while Link Intime India is the registrar to the public issue.

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