Quick Heal Tech files initial papers for Rs 250 crore IPO

NEW DELHI: Joining the IPO bandwagon, Quick Heal Technologies today filed draft papers for an initial share sale worth Rs 250 crore.

The company has filed its Draft Red Herring Prospectus (DRHP) with market regulator Sebi.

Under the initial public offer, there would be a fresh issue of shares worth up to Rs 250 crore. Besides, an offer for sale of more than 68.14 lakh shares would be made by Kailash Sahebrao Katkar, Sanjay Sahebrao Katkar, Sequoia Capital India Investment Holdings III and Sequoia Capital India Investments III.

Kailash Sahebrao Katkar, Sanjay Sahebrao Katkar, Anupama Katkar and Chhaya Katkar are promoters of the company.

"The offer comprises a net offer to the public and a reservation aggregating up to Rs 50 million for subscription by eligible employees and a reservation aggregating up to Rs 55 million for subscription by eligible channel partners," Quick Heal said in a statement.

ICICI Securities, Jefferies India and JPMorgan India are the book running lead managers to the issue.