The issue comprises both fresh issue and an offer for sale. While the size of fresh issue is Rs 250 crore, the OFS would be up to 62.7 lakh shares
Quick Heal Technologies is planning to raise close to Rs 450 crore through an initial public offering (IPO). The three-day public offering will open on February 8 and the company has fixed a price band of Rs 311-321, it said on Tuesday.
Calculations based on the upper price band of the issue showed that Quick Heal is likely to mop up around Rs 450 crore through the IPO.
The issue comprises both fresh issue and an offer for sale (OFS). While the size of fresh issue is Rs 250 crore, the OFS would be up to 62.7 lakh shares. Private equity firm Sequoia Capital is making a partial exit through the OFS.
The anchor book for Quick Heal Technologies IPO will open on February 5. The company has reserved shares aggregating up to Rs 5 crore for its employees and the minimum bid lot for the IPO is 45 equity shares.
ICICI Securities, Jefferies and JP Morgan are the book running lead managers for the IPO.
The Pune-based company sells security products and anti-virus technologies under the Quick Heal and Seqrite brands .
Since its incorporation, more than 24.5 million licences of its products have been installed, and as of June 30, 2015, the firm had over 6.9 million active licences spread across more than 80 countries, DRHP data showed.
Quick Heal would be the third company to tap the primary markets in Calendar 2016. Precision Camshafts’ IPO, which hit the markets during the last week of January, was subscribed 1.8 times. The three-day public offering of Teamlease Services opened for public subscription on Tuesday.