Antivirus software maker Quick Heal Technologies Limited will hit the capital markets with its IPO on February 08, 2016 with a price band of Rs. 311 to Rs. 321 per equity share of face value of Rs. 10 each.
The IPO consists of a fresh issue of Rs 2,500 million by the Company and an offer for sale of upto 6,269,558 equity shares by promoters Kailash Sahebrao Katkar and Sanjay Sahebrao Katkar, apart from Sequoia Capital India Investment Holdings III and Sequoia Capital India Investments III.
The Issue is being made through the Book Building Process wherein 50% of the offer will be allocated on a proportionate basis to Qualified Institutional Buyers (QIB’s), provided that the Company and the Selling Shareholders, in consultation with the BRLMs, may allocate up to 60% of the QIB Category to Anchor Investors, on a discretionary basis (the “Anchor Investor Portion”), of which one-third shall be reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the Anchor Investor Offer Price.
Further, not less than 15% of the Net Offer will be available for allocation on a proportionate basis to Non-Institutional Investors and not less than 35% of the Net Offer will be available for allocation to Retail Individual Investors, in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price. Equity Shares aggregating up to Rs. 50 million shall be made available for allocation on a proportionate basis to the Eligible Employees Bidding in the Employee Reservation Portion, subject to valid Bids being received at or above the Offer Price. All Investors (except Anchor Investors) shall participate in this Offer only through the ASBA process.
ICICI Securities Limited, Jefferies India Private Limited, and J. P. Morgan India Private Limited are the Book Running Lead Managers while Link Intime India Private Limited is the registrar.
The offer would constitute [●]% of the Company’s post-issue paid-up equity share capital and the net offer would constitute [●] % of its post-issue paid-up equity share capital.
Quick Heal’s equity shares are proposed to be listed on the BSE and the NSE.
— Press Release Watch (@PrReleaseWatch) February 2, 2016
The IPO consists of a fresh issue of Rs 2,500 million by the Company and an offer for sale of upto 6,269,558 equity shares by promoters Kailash Sahebrao Katkar and Sanjay Sahebrao Katkar, apart from Sequoia Capital India Investment Holdings III and Sequoia Capital India Investments III.
The Issue is being made through the Book Building Process wherein 50% of the offer will be allocated on a proportionate basis to Qualified Institutional Buyers (QIB’s), provided that the Company and the Selling Shareholders, in consultation with the BRLMs, may allocate up to 60% of the QIB Category to Anchor Investors, on a discretionary basis (the “Anchor Investor Portion”), of which one-third shall be reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the Anchor Investor Offer Price.
Further, not less than 15% of the Net Offer will be available for allocation on a proportionate basis to Non-Institutional Investors and not less than 35% of the Net Offer will be available for allocation to Retail Individual Investors, in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price. Equity Shares aggregating up to Rs. 50 million shall be made available for allocation on a proportionate basis to the Eligible Employees Bidding in the Employee Reservation Portion, subject to valid Bids being received at or above the Offer Price. All Investors (except Anchor Investors) shall participate in this Offer only through the ASBA process.
ICICI Securities Limited, Jefferies India Private Limited, and J. P. Morgan India Private Limited are the Book Running Lead Managers while Link Intime India Private Limited is the registrar.
The offer would constitute [●]% of the Company’s post-issue paid-up equity share capital and the net offer would constitute [●] % of its post-issue paid-up equity share capital.
Quick Heal’s equity shares are proposed to be listed on the BSE and the NSE.
