The Initial Public Offer (IPO) of Quick Heal Technologies will hit the capital markets on Feb 08, 2016 with a Price Band of Rs. 311 to Rs. 321 at a face value of Rs. 10 each. With this IPO, a fresh equity of Rs. 250 crore will be raised apart from sale of 6268558 equity shares of promoters Kartar Brothers and Sequoia Capital India Investment Holdings III and Sequoia Capital India Investments III.
Basic Facts of IPO
IPO Face Value : Rs. 10 per share
IPO Price Band : Rs. 311 to Rs. 321
IPO Date Range : Feb 08, 2016 to Feb 10, 2016
Minimum Quantity : 45 shares and in multiple of 45 shares thereof
Minimum Investment : Rs.13,995.00
Issue Size : ~Rs.462 crores
Listing on : National Stock Exchange (NSE) and Bombay Stock Exchange (BSE)
Lead Managers : ICICI Securities Ltd., Jefferies, JP Morgan
Registrar : Link Intime India Private Limited
The Purpose of issue remains Advertising and Business Promotion to the extent of 11 crores, Rs. 40 crores for Capital Expenditure on Research and Development. Another 27 crores will be spent on Purchase, development and renovation of offices in Chennai, Kolkotta, Pune & New Delhi. Also, the proceeds will be utilized for general corporate purposes.
Background of Quick Heal Technologies
Quick Heal Technologies was incorporated in 1995 at Pune, India focused on IT Security Solutions.The company commands the market share of 30% in India with its customers varying from home users, small offices and home offices, SMBs, enterprises, educational institutions, government agencies and departments.
Company has its proprietary antivirus technology that detects security threats including virus and malware attacks. It works in real time and protect users IT assets across devices like Desktops, Laptops, mobiles or smartphones, tablets with varying platforms, including Windows, Mac, Android, iOS and Linux.
Company has sold more than 24.5 million licenses till date and has more than 6.9 million active licenses spread across more than 80 countries as of June 30, 2015.
Promoters of Quick Heal Technologies
- Kailash Sahebrao Katkar
- Sanjay Sahebrao Katkar
- Anupama Katkar
- Dr. Chhaya Katkar
|For the year/period ended (in Rs. crores)|
|Profit After Tax (PAT)||56.298||61.553||77.538||68.195||38.577|
The IPO is Over Subscribed 10.78 times. For the issue size of ~1.01 lac shares, the IPO received the bids to the extent of 10.93lac shares as per NSE data. The final Subscription figs are as follows:
- Qualified Institutional Buyers (QIB) : 4.34 times
- Non Institutional Investors : 36.7 times
- Retail : 3.8 times
Apart from this, Quick Heal has raised Rs 133.9 crore already by issuing shares to 10 anchor investors.
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Quick Heal IPO Allotment Status
Basis of Allotment
If you have applied for Quick Heal IPO and is expecting your allotment, please note that retail Investors will get 45 shares in 19:60 ratio. The final subscription figures for HNI stood at 36.637. The funds will get unblocked on Feb 16, 2016.
The shares are issued at the price of Rs.321 per share.
The tentative date of listing is Feb 18th, 2016..
One can check the Quick Heal IPO allotment status on the website of Registrar which in this issue if Link Intime India Private Limited. You can check your status by following 3 simple steps:
Step 1: Visit the link on Link Intime website
Step 2 : Click on the Application Status & Select Quick Heal Technologies IPO in the dropdown
Step 3: Enter you PAN and Submit.
If you have got the allotment, you may expect the shares to get credited in your demat account within next 2 days. The shares will be listed only when all the allotted investors will receive shares in their respective demat account. If you have not received shares despite of allotment, then check with your Depository Participant(DP) for the status of your account, else you need to contact Registrar.
Registrar contact details for allotment related issues
Link Intime India Private Ltd
C-13 Pannalal Silk Mills Compound,
LBS Marg, Bhandup West, Mumbai 400078
Company contact Details
Quick Heal Technologies Ltd
Marvel Edge, Office No. 7010 C & D, 7th Floor, Opposite Neco Garden Society,
Viman Nagar, Pune 411 014, India
Phone: +91 20 6681 3232