Software provider Quick Heal Technologies has fixed the price band at Rs 311-321 for its Rs 250-crore initial public offer (IPO), which will hit the market on February 8. The IPO, which would end on February 10, involves a fresh issue of equity shares by the company. Besides, the issue consists of 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. ICICI Securities, Jefferies India and JPMorgan India are the book running lead managers while Link Intime India is the registrar to the public issue. "Quick Heal Technologies Ltd will hit the capital markets with its IPO on February 8, 2016 with a price band of Rs 311 to Rs 321 per equity share of face value of Rs 10 each," the company said in a statement. While the proceeds from the offer of sale would not go to Quick Heal Technologies, the Rs 250 crore funds raised from fresh issue of equity shares would be used by the company for advertising and sales promotion and capital expenditure for research and development. The proceeds would also be invested to purchase, develop and renovate its office premises in Kolkata, Pune and New Delhi, as well as general corporate needs. The company is a provider of security software products and solutions in India. For the fiscal year ended March 31, 2015, it generated a total revenue of Rs 294 crore. Quick Heal's equity shares are proposed to be listed on the BSE and the NSE.