Quick Heal IPO subscribed 77% on second day
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10 Feb 2016
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Quick Heal Technologies was subscribed 77 per cent on the second day of the offer, said the media report. The Rs. 451-crore IPO received bids for 78,35,850 shares against the total issue size of 1,01,37,557 shares, data available with the NSE showed. The portion reserved for qualified institutional buyers (QIBs) was subscribed 27 per cent, while non institutional investors received 10 per cent subscription. On the other hand, retail investors portion was oversubscribed 1.38 times, according to the NSE data. Quick Heal has already raised Rs. 133.9 crore through issue of shares to 10 anchor investors. The company has fixed the price band at Rs. 311-321 for its IPO. The IPO, which closes today, consists of fresh issue of Rs. 250 crore and 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. |
| Source: Dion Global Type: IPO Related |
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