1. Quick Heal Technologies shares plunge nearly 21% on debut

Quick Heal Technologies shares plunge nearly 21% on debut

Quick Heal has raised Rs 451 crore through its initial public offer (IPO), which opened on Feb 8 and closed on Feb 10.

By: | Updated: February 18, 2016 4:55 PM
Quick Heal lists on bourses

Quick Heal has raised Rs 451 crore through its initial public offer (IPO), which opened on Feb 8 and closed on Feb 10. (Photo: PTI)

Quick Heal made weak debut on bourses on Thursday as shares of the software provider got listed at Rs 305 on NSE against the issue price of Rs 321. On BSE, the shares of the company listed at Rs 304.95. The IPO of the software provider was oversubscribed 11 times at a price band of Rs 311-321 per share.

At 2.06 pm, shares of Quick Heal Technologies were trading 15.76 per cent down at Rs 270.40 against the issue price of Rs 321 on the Bombay Stock Exchange (BSE). The scrip has touched a high and low of Rs 329.95 and Rs 262.40, respectively, in trade so far.

Later, the scrip closed 20.73 per cent down at Rs 254.45 on BSE.

The company has raised Rs 451 crore through its initial public offer (IPO), which opened on Feb 8 and closed on Feb 10.

For the financial year ended March 2015, Quick Heal generated total revenue of Rs 2,94.34 crore, gross profit of Rs 2,60.62 crore, EBITDA of Rs 91.80 crore and restated profit for the year of Rs 53.80 crore. For the five fiscal years ended March 2015, the company’s total revenue, gross profit, EBITDA and restated profit grew at a CAGR of 21.94 per cent, 20.97 per cent, 13.07 per cent and 8.67 per cent, respectively.

 

Tags: Quick Heal
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