Programming
supplier Quick Heal Technologies has settled the value band at Rs. 311-321 for
its Rs. 250-crore introductory open offer (IPO), which will hit the business
sector on Monday.
The
IPO, which would end on February 10, includes a crisp issue of value shares by
the organization.
Also,
the issue comprises of an offer available to be purchased of around 62.70 lakh
value offers by promoters Kailash Sahebrao Katkar and Sanjay Sahebrao Katkar,
and Sequoia Capital India Investment Holdings III.
ICICI
Securities, Jefferies India and JPMorgan India are the book running lead chiefs
while Link Intime India is the enlistment center to people in general issue.
"Snappy
Heal Technologies Ltd will hit the capital markets with its IPO on February 8,
2016 with a value band of Rs. 311 to Rs. 321 for every value offer of face
estimation of Rs. 10 each," the organization said in an announcement.
While
the returns from the offer of offer would not go to Quick Heal Technologies,
the Rs. 250-crore reserves raised from new issue of value shares would be
utilized by the organization for publicizing and deals advancement and capital
consumption for innovative work.
The
returns would likewise be contributed to buy, create and revamp its office
premises in Kolkata, Pune, and New Delhi, and also broad corporate needs.
The
organization is a supplier of security programming items and arrangements in
India. For the monetary year finished March 31, 2015, it created an aggregate
income of Rs. 294 crores. Brisk Heal's value shares are proposed to be recorded
on the BSE and the NSE.
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