11 Feb 2016
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The initial public offer (IPO) of software provider Quick Heal Technologies was oversubscribed 10.78 times on the last day of the offer, said the media report. The Rs 451-crore IPO received bids for 10,93,20,930 shares against the total issue size of 1,01,37,557 shares, data available with the NSE showed. The portion set aside for qualified institutional buyers (QIBs) has been subscribed 4.34 times, while retail investors saw 3.8 times subscription, PTI report said. Meanwhile, non-institutional investors category was subscribed a whopping 36.7 times. 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. 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 |