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Quick Heal IPO is a book built issue of Rs 451.25 crores. The issue is a combination of fresh issue of 0.78 crore shares aggregating to Rs 250.00 crores and offer for sale of 0.63 crore shares aggregating to Rs 201.25 crores.
Quick Heal IPO bidding started from February 8, 2016 and ended on February 10, 2016. The shares got listed on BSE, NSE on February 18, 2016.
Quick Heal IPO price band is set at ₹311 to ₹321 per share. The minimum lot size for an application is 45 Shares. The minimum amount of investment required by retail investors is ₹14,445.
ICICI Securities Limited, J.P. Morgan India Private Limited and Jefferies India Private Limited are the book running lead managers of the Quick Heal IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Quick Heal IPO RHP for detailed information.
| IPO Date | February 8, 2016 to February 10, 2016 |
| Listing Date | February 18, 2016 |
| Face Value | ₹10 per share |
| Price Band | ₹311 to ₹321 per share |
| Lot Size | 45 Shares |
| Total Issue Size | 14,057,719 shares (aggregating up to ₹451.25 Cr) |
| Fresh Issue | 7,788,161 shares (aggregating up to ₹250.00 Cr) |
| Offer for Sale | 6,269,558 shares of ₹10 (aggregating up to ₹201.25 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 62,241,867 |
| Share holding post issue | 70,030,028 |
Quick Heal IPO offers 10,137,557 shares. 2,903,099 (28.64%) to QIB, 2,122,106 (20.93%) to NII, 4,951,581 (48.84%) to RII, 160,771 (1.59%) to employees. 110,035 RIIs will receive minimum 45 shares and (sNII) and (bNII) will receive minimum 630 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 2,903,099 (28.64%) | NA |
| NII (HNI) Shares Offered | 2,122,106 (20.93%) | |
| Retail Shares Offered | 4,951,581 (48.84%) | 110,035 |
| Employee Shares Offered | 160,771 (1.59%) | NA |
| Total Shares Offered | 10,137,557 (100%) |
Investors can bid for a minimum of 45 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 45 | ₹14,445 |
| Retail (Max) | 13 | 585 | ₹187,785 |
| Lot Size Calculator | |||
Incorporated in 1995, Quick Heal Technologies Ltd is Pune, India based IT security solutions company. Company has market share of over 30% in the retail segment in India. Quick Heal's customers include home users, small offices and home offices, SMBs, enterprises, educational institutions, as well as government agencies and departments.
Company's proprietary antivirus technology works to detect security threats including virus and malware attacks in real time to protect users IT assets across platforms, including Windows, Mac, Android, iOS and Linux, and across devices, including desktops, laptops, mobile/ smartphones and tablets.
Since its incorporation, more than 24.5 million licenses of the products have been installed and as of June 30, 2015, company has over 6.9 million active licenses spread across more than 80 countries.
Strengths of the company:
1. Large Portfolio of Easy to use, High quality Solutions
2. Recognised Brand Name and Positive Reputation
3. Large and Diverse User Base
4. Strong and Diversified Channel Network
5. Significant R&D and Technology Capabilities
6. Experienced Management Team and Qualified Pool of Employees Backed by a Venture Capital Investor
7. Consistent Growth, Profitability and Cash Flow Generation
|
Particulars |
For the year/period ended (in Rs. Million) | ||||
| 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | 31-Mar-12 | 31-Mar-11 | |
| Total Liabilities | 4,336.79 | 3,830.14 | 3,144.98 | 2,295.86 | 1,607.93 |
| Total Assets | 4,336.79 | 3,830.14 | 3,144.98 | 2,295.86 | 1,607.93 |
| Total Revenue | 2,922.50 | 2,537.49 | 2,146.34 | 1,846.57 | 1,331.12 |
| Profit After Tax (PAT) | 562.98 | 615.53 | 775.38 | 681.95 | 385.77 |
The Offer consists of a Fresh Issue by our Company aggregating to 2,500.00 million, and an Offer for Sale of up to 6,814,736 Equity Shares.
Objects of the Fresh Issue:
1. Advertising and sales promotion;
2. Capital expenditure for research and development;
3. Purchase, development and renovation of office premises in Chennai, Kolkata, Pune and New Delhi; and
4. General corporate purposes.
[Dilip Davda]
Although issue appears priced on the higher side, investment for medium to long term may be considered as this issue is from the first mover in the segment.
Read detail review...The Quick Heal IPO is subscribed 10.80 times on February 10, 2016 9:30:00 PM. The public issue subscribed 3.82 times in the retail category, 4.34 times in the QIB category, and 36.69 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 4.34 |
| NII | 36.69 |
| Retail | 3.82 |
| Employee | 0.23 |
| Total | 10.80 |
| Listing Date | February 18, 2016 |
| BSE Script Code | 539678 |
| NSE Symbol | QUICKHEAL |
| ISIN | INE306L01010 |
| Final Issue Price | ₹321 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹321.00 |
| ₹304.95 |
| ₹246.00 |
| ₹329.95 |
| ₹254.45 |
| NSE |
|---|
| ₹321.00 |
| ₹305.00 |
| ₹245.60 |
| ₹330.00 |
| ₹253.85 |
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
Email: cs@quickheal.co.in
Website: http://www.quickheal.com
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: qhtl.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Quick Heal IPO is a main-board IPO of 14,057,719 equity shares of the face value of ₹10 aggregating up to ₹451.25 Crores. The issue is priced at ₹311 to ₹321 per share. The minimum order quantity is 45 Shares.
The IPO opens on February 8, 2016, and closes on February 10, 2016.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Quick Heal IPO opens on February 8, 2016 and closes on February 10, 2016.
Quick Heal IPO lot size is 45 Shares, and the minimum amount required is ₹14,445.
You can apply in Quick Heal IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Quick Heal IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Quick Heal IPO allotment status.
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