wordpress blog stats
Connect with us

Hi, what are you looking for?

Quick Heal secures Rs 134 crore through anchor investors


Software security firm Quick Heal has raised Rs 133.87 crore through anchor investors (AIs) as a part of its IPO. The firm raised this by selling 4.17 million equity shares to 10 anchor investors at Rs 321 per share.

Earlier this month Quick Heal said that it was looking to raise Rs 450 crore through an initial public offering. The price band for the IPO has been set at Rs 311 to Rs 321. The issue opens today at the face value of Rs 10 per share.

The IPO consists of a fresh issue of shares worth Rs 250 crore. Another 6.3 million shares, worth around Rs 200 crore, are being offloaded by Quick Heal’s promoters Kailash Sahebrao Katkar, Sanjay Sahebrao Katkar and Sequoia Capital.

Sequoia Capital had invested Rs 60 crore in the company way back in 2010 and currently holds about 10% of the company’s shares. The venture capital firm is looking to dilute its stake to about 4.6% in the company.

Quick Heal was started out in 1993 as CAT Computer Services (P) Ltd and functioned primarily as a computer service center. It pivoted its business and pioneered anti-virus research and development in India. Kailash Katkar functions as the chief executive officer while Sanjay Katkar operates as the company’s chief technology officer.

Earlier in September 2015, the Economic Times had reported that Quick Heal is looking to raise Rs 1,200 crore through its IPO. The company had planned for an IPO in 2014 it was delayed for over a year because the company was unable to prepare and finalize the audit reports in expected time. The company at the time had planned expansion to the US and Europe.


According to the company’s draft red herring prospectus, Quick Heal reported a revenue of Rs 292.5 crore, compared with Rs 253.7 crore the previous year. It reported a profit of Rs 56 crore in 2014-15 as compared to Rs 61.5 crore a year ago.

You May Also Like


Paytm has hived off its payment gateway business into a separate entity, Paytm Payments Gateway Service Pvt Ltd, and has infused ₹100 crore worth...


Truecaller has appointed a new chief financial officer, Odd Bolin, to prepare the company for an initial public offering (IPO). The Sweden-headquartered caller identification...


Restaurant aggregator and food delivery company Zomato has raised US$660 million (over ₹4,850 crore), taking its valuation to ₹3.9 billion. CEO Deepinder Goyal tweeted...


The Securities and Exchange Board of India (SEBI) will now allow investors to make UPI payments to purchase public issues of debt securities, it...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to Daily Newsletter

    © 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ