Quick Heal IPO to open on Feb 8, fixes price band at Rs 311-321

03 Feb 2016

IT security solutions provider Quick Heal Technologies Ltd. will hit the capital markets with its Rs 250- crore 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.

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.

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.

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

Source: Dion Global Type: IPO Related

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