Bookbuilding IPO | ₹451 Cr | Listed at BSE, NSE | Mon, Feb 8, 2016 - Wed, Feb 10, 2016
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 per share. The lot size for an application is 45. The minimum amount of investment required by an retail is ₹14,445 (45 shares) (based on upper price). 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 Open
Mon, Feb 8, 2016
IPO Close
Wed, Feb 10, 2016
Issue Price
₹321 per share
Market Cap (Pre-IPO)
₹2,247.96 Cr
| IPO Date | 8 to 10 Feb, 2016 |
| Listed on | Thu, Feb 18, 2016 |
| Face Value | ₹10 per share |
| Price Band | ₹311 to ₹321 |
| Issue Price | ₹321 per share |
| Lot Size | 45 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,40,57,719 shares (agg. up to ₹451 Cr) |
| Fresh Issue | 77,88,161 shares (agg. up to ₹250 Cr) |
| Offer for Sale | 62,69,558 shares of ₹10 (agg. up to ₹201 Cr) |
| Share Holding Pre Issue | 6,22,41,867 shares |
| Share Holding Post Issue | 7,00,30,028 shares |
| BSE Script Code / NSE Symbol | 539678 / QUICKHEAL |
| ISIN | INE306L01010 |
Quick Heal Technologies IPO comprises a total issue size of 1,40,57,719 shares. The net offer to the public is 1,39,01,956 shares, after excluding 1,55,763 shares under a preferential allotment. Of the Net offer 69,50,977 (50.00%) are allocated to QIB, 20,85,294 (15.00%) allocated to NII 48,65,685 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 69,50,977 | 50.00% | 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 | 15.00% | 14.83% | NA |
| Retail Shares Offered | 48,65,685 | 35.00% | 34.61% | 1,08,126 |
| Preferential Reservations | ||||
| Employee Shares Offered | 1,55,763 | 1.11% | NA | |
| Total Shares Offered | 1,40,57,719 | 100.00% | 100.00% | |
Investors can bid for a minimum of 45 shares and in multiples thereof.
| 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 |
| 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 |
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
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
The Quick Heal IPO is subscribed 10.8 times on February 10, 2016 9:30:00 PM (Day 3). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 4.34 | 29,03,099 | |
| NII | 36.69 | 21,22,106 | |
| Retail | 3.82 | 49,51,581 | |
| Employee | 0.23 | 1,60,771 | |
| Total | 10.8 | 1,01,37,557 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead management fees | 15.31 |
| 2 | Registrar to the Offer and other related fees | 0.58 |
| 3 | Other advisors to the Offer | 5.13 |
| 4 | Brokerage and selling commission, Registered Brokers, Collecting DP, Registered RTA | 1.48 |
| 5 | Printing and distribution expenses | 1.10 |
| 6 | Advertising and marketing expenses | 1.71 |
| 7 | Other expenses (SEBI filing fees, book-building fees etc.) | 2.41 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹321.00 | ₹321.00 |
| Open | ₹304.95 | ₹305.00 |
| Low | ₹246.00 | ₹245.60 |
| High | ₹329.95 | ₹330.00 |
| Last Trade | ₹254.45 | ₹253.85 |
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 Crores. The issue is priced at ₹321 per share. The minimum order quantity is 45.
The IPO opens on Mon, Feb 8, 2016, and closes on Wed, Feb 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 Mon, Feb 8, 2016 and closes on Wed, Feb 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 Thu, Feb 18, 2016.
