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Quick Heal Technologies IPO is a book build issue of ₹451.25 crores. The issue is a combination of fresh issue of 0.78 crore shares aggregating to ₹250.00 crores and offer for sale of 0.63 crore shares aggregating to ₹201.25 crores.
Quick Heal Technologies IPO bidding started from Feb 8, 2016 and ended on Feb 10, 2016. The shares got listed on BSE, NSE on Feb 18, 2016.
Quick Heal Technologies IPO price band is set at ₹321.00 per share . The lot size for an application is 45. The minimum amount of investment required by an retail is ₹13,995 (45 shares). The lot size investment for sNII is 14 lots (630 shares), amounting to ₹2,02,230, and for bNII, it is 70 lots (3,150 shares), amounting to ₹10,11,150.
The issue includes a reservation of up to 1,55,763 shares for employees offered at a discount of ₹0.00 to the issue price.
ICICI Securities Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Quick Heal Technologies IPO RHP for detailed Information.
| IPO Date | February 8, 2016 to February 10, 2016 |
| Listing Date | February 18, 2016 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹311 to ₹321 per share |
| Issue Price Final | ₹321 per share |
| Lot Size | 45 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 1,40,57,719 shares (aggregating up to ₹451.25 Cr) |
| Fresh Issue | 77,88,161 shares (aggregating up to ₹250.00 Cr) |
| Offer for Sale | 62,69,558 shares of ₹10 (aggregating up to ₹201.25 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 6,22,41,867 shares |
| Share Holding Post Issue | 7,00,30,028 shares |
Quick Heal IPO offers total 1,40,57,719 shares. Out of which 69,50,977 (49.45%) allocated to QIB, 27,80,391 (19.78%) allocated to QIB, 20,85,294 (14.83%) allocated to NII, 48,65,685 (34.61%) allocated to RII and 41,70,586 (29.67%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 69,50,977 (49.45%) | NA |
| − Anchor Investor Shares Offered | 41,70,586 (29.67%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 27,80,391 (19.78%) | NA |
| NII (HNI) Shares Offered | 20,85,294 (14.83%) | NA |
| Retail Shares Offered | 48,65,685 (34.61%) | 1,08,126 |
| Employee Shares Offered | 1,55,763 (1.11%) | NA |
| Total Shares Offered | 1,40,57,719 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Quick Heal Technologies IPO opens on February 8, 2016, and closes on February 10, 2016.
| IPO Open Date | Mon, Feb 8, 2016 |
| IPO Close Date | Wed, Feb 10, 2016 |
| Tentative Listing Date | Thu, Feb 18, 2016 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Feb 10, 2016 |
Investors can bid for a minimum of 45 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 45 | ₹14,445 |
| Retail (Max) | 13 | 585 | ₹1,87,785 |
| S-HNI (Min) | 14 | 630 | ₹2,02,230 |
| S-HNI (Max) | 69 | 3,105 | ₹9,96,705 |
| B-HNI (Min) | 70 | 3,150 | ₹10,11,150 |
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 Company Quick Heal Technologies IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Advertising and sales promotion | 111.00 |
| 2 | Capital expenditure on research and development | 41.88 |
| 3 | Purchase,development and renovation of office premises in Kolkata, Pune and New Delhi | 27.60 |
| 4 | General corporate purposes | 53.78 |
[Dilip Davda] <p>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.</p> Read detail review...
| Listing Date | February 18, 2016 |
| BSE Script Code | 539678 |
| NSE Symbol | QUICKHEAL |
| ISIN | INE306L01010 |
| Final Issue Price | ₹321 per share |
| BSE Listing Group | B |
Quick Heal Technologies Ltd.
Marvel Edge, Office No. 7010 C & D,
7th Floor, Opposite Neco Garden Society,
Viman Nagar,
Pune, Maharashtra, 411014
Phone: +91 20 6681 3232
Email: cs@quickheal.co.in
Website: http://www.quickheal.com
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: qhtl.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Quick Heal Technologies IPO is a main-board IPO of 1,40,57,719 equity shares of the face value of ₹10 aggregating up to ₹451.25 Crores. The issue is priced at ₹321 per share. The minimum order quantity is 45.
The IPO opens on February 8, 2016, and closes on February 10, 2016.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Quick Heal Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in Quick Heal Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Quick Heal Technologies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Quick Heal Technologies IPO opens on February 8, 2016 and closes on February 10, 2016.
Quick Heal Technologies IPO lot size is 45, and the minimum amount required for application is ₹14,445.
You can apply in Quick Heal Technologies IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Quick Heal Technologies IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Quick Heal Technologies IPO allotment status.
The Quick Heal Technologies IPO listing date is on Thursday, February 18, 2016.
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