Quick Heal Technologies Ltd IPO Message Board (Page 52)

QUICK HEAL GMP 68-70 @ AHMEDABAD

GMP s 68-71 Buyer QH @ Rajkot
Application 700

very good IPO must apply

Top 5 Made in India Antivirus Software.
1. Quick Heal
2. K7 Computing
3. eScan
5. Tech Guard Technologies

1) I can see only 4 names in your list.

2) I have heard of QuickHeal and seen their products in computer shops and various online shopping sites ... however, I cannot say the same about the other 3 brands you have listed

36 pe too expensive its net profit margin 22 percent growth rate 20 percent then how to invest at 36 pe ?

Advice in short-

1. The issue can be given a miss for people who just are interested in short to very short period. The issue is costly and may n may not list on premium which will purely depend on the market scenario at the time of opening of IPO for subscription.

2. Since, China would be closed till 15, it is reasonable to assume that the world markets including Indian markets would be stable at the time of this IPO and hence people can apply for listing gain too. Point 2 may seem contradictory to Point 1 but refer to last line of Point 1.

3. QHT IPO is safe medium to long term play it having the first mover advantage in its segment. Such IPOs are favourites of the QIBs n HNIs as there is no listed comparison. However, in comparison to listed peers in global market, the IPO is costly.

1. Company has fixed price band of Rs.311 to Rs.321 and at upper price of Rs.321, company’s PE on EPS of Rs.8.81 comes to 36.43X and at lower price of Rs.311, PE comes to 35.30X which is high.

2. Quick Heal mainly provides antivirus solutions for computers and we are witnessing replacement of computers with smart phones, thus company needs to come up with new ideas to stand up to the challenge of smart phones and to come up with new ideas and products to maintain its relevance.

3. Even in corporate world, desktops are getting replaced by tablets and smart phones capable of carrying out complex tasks which were earlier being carried out by desktop. This has given mobility to each employee to work from home as well as office without the bulky desktop. The company thus faces stiff competition on the corporate front too from excellent free anti virus such as 360°, CM Security etc..Also, in the near to long term, desktops face ir-relevance and insolence in another 5-10 years.

4. The company has just said that the IPO proceeds would be used for expansion and to create new products. However, they r silent on what their new products could be, what kind of expansion are they planning and how they would be handling the future in a world of smart phones.

5.However, on the immediate side, seeing the IT penetration and internet usage in coming years, it is advisable to subscribe to Quick Heal IPO with caution in the short term. People can apply for medium to long-term as company would cherish the fruits of first listed company in Antivirus Company sector in India.

Pune-based software antivirus solutions provider Quick Heal Technologies will raise over Rs 450 crore through an initial public offer (IPO) and offer for sale ( OFS) of equity shares scheduled between February 8 and February 10 at Rs 311-321 per share.

The company has no debt and has a sound leadership. After dominating the retail segment, it has invested significantly over the past three years to capture the enterprise market.

While the IPO valuation reflects the immense growth opportunity, these investments may take at least 2-3 years to generate meaningful growth. Therefore, investors with above average risk profile and a long-term horizon may subscribe to the issue.

Quick Heal commands 30% share in the Indian retail antivirus segment with 64 offices and warehouses in 36 cities. It generates over 97% revenue in India. The company invests over 12-15% of revenue in research and development.

Three years ago, it decided to focus on enterprise segment, which now contributes 13% to revenue. Due to heavy investments in the new division, its operating margin halved in FY15 from 54% in FY12. During this period, it started owning office spaces across cities to contain future fixed costs. This increased depreciation.

These costs are expected to taper in the coming quarters as majority of investments in new products have already been made. Which means, operating margin may stabilise and even improve if it is able to generate revenue from its investments.

This, however, may not be easy given the steep competition from multinational companies, which have been catering to the corporate segment for a longer time. Any undue delay in realising revenue from this segment would put stress on the operating margin considering substantial investments.

At the upper end of the IPO price band, the company demands a priceearnings multiple of 26. This is after considering the estimated equity once shares are listed on bourses and projected FY16 net profit of Rs 60.5 crore.

Advice- Investors willing to bet on the success of Quick Heal''s strategy to focus on corporate accounts may participate in the IPO.

@eagle eye and Septa. Does it make sense to apply for more than MINIMUM lot in QHL in RII?

            
1       BNP Paribas Arbitrage      623,070
2       Driehaus Emerging Markets Fund      462,690
3       Jupiter India Fund      420,075
4       Nomura India Stock Mother Fund      311,535
            
5       ICICI Prudential Mutual Fund      623,070
6       Reliance Mutual Fund      462,690
7       Birla Sun Life Mutual Fund      410,445
8       Axis Mutual Fund      311,535
9       Sundaram Mutual Fund      311,535
10       Reliance Life Insurance      233,941
            
Total            4,170,586

Eagleeye: Do you know what is lock in period for Anchor Investor ?

30 days from date of listing

Quick Heal Anchor report is out.Check
http://www.nseindia.com/products/content/equities/ipos/ipo_current_qh.htm

Nomura,BNP Paribas,Driehaus,Reliance Life,Axis,ICICI,Birla Sunlife,Sundaram Mutual Fund

For those who are interested in applying in the QHT IPO ...

it might useful if you all first read this ...

http://www.bseindia.com/downloads/ipo/QuickHeal%20Stat%20Final%20Ad%20-%2030012016_4.57pm_040220161302.pdf

When will the anchor book open for QHT?

It is already uploaded on NSE website

Egeleye : Please let me know about ratio in QHL

what is the ratio QIB ? HNI ? RETAIL ? & employee ?

QIB 50%
HNI 15%
RETAIL 35%

what will be basis of allotment in teamlease ? One application out of ten ?

Not an expert, but believe the portfolio of products is very weak and they do not have a history of new products/IP. Kaspersky has eroded their SME market and corporate market is dominated by Symantec/McAfee. Company is struggling to maintain their market share.

QHT GMP 65-67

Yes, TeamLease ASBA will be released for in QuickHeal


TeamLease Services Limited
(On Page 394 of RHP)

Offer Opens – February 02, 2016
Offer Closes – February 04, 2016

Finalisation of Basis of Allotment – February 09, 2016
Unblocking of ASBA Accounts – February 10, 2016 (in time for in QuickHeal)

Credit of Shares to D’Mat Accounts – February 11, 2016
Commencement of Trading – February 12, 2016






Quick Heal Technologies Limited:
(On page 361 of RHP)

Offer Opens – February 8, 2016
Offer Closes – February 10, 2016

Finalisation of Basis of Allotment – February 15, 2016
Unblocking of ASBA Accounts – February 16, 2016

Credit of Shares to D’Mat Accounts – February 17, 2016
Commencement of Trading – February 18, 2016

Septa ji, shal i apply 1 lot in hdfc bank and 1 lot in axis bank with same dp id and PAN

You have to open Demat account in separate names, then you can apply from same bank account if you want.

Thank u..