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Quick Heal files documents with Sebi for Rs 250 crore IPO


05 Oct 2015
Quick Heal Technologies, one of the leading IT security solutions providers, has filed offer document with capital market regulator Securities and Exchange Board of India (Sebi) to raise up to Rs 250 crore through initial public offering of its equity shares.

The anti-virus software maker proposed to issue fresh shares worth up to Rs 250 crore, the company said in its Draft Red Herring Prospectus (DRHP) with Sebi.

Adding to it, the company will offer for sale more than 68.14 lakh equity shares by promoters, Kailash Sahebrao Katkar and Sanjay Sahebrao Katkar, Sequoia Capital India Investment Holdings III and Sequoia Capital India Investments III.

The company intends to use the fund proceed for advertising and sales promotion, research and development, develop and renovate office premises in Chennai, Kolkata, Pune and New Delhi.

ICICI Securities, Jefferies and JPMorgan have been appointed as the book running lead managers while Link Intime India Private Limited has been hired as the registrar to the offer.

For the fiscal year ended March 31, 2015, the company generated total revenue of Rs 2,943.37 million, gross profit of Rs 2,606.19 million, EBITDA of Rs 918.03 million and restated profit for the year of Rs 538.04 million.
Source: Dion Global   Type: IPO Related