Quick Heal Plans To Raise Rs 250 cr Through IPO

Quick Heal Technologies, the provider of security solutions has filed its draft initial public offering (IPO) papers with capital markets regulator Securities and Exchange Board of India.

ICICI Securities, Jefferies India and JP Morgan India are managing the IPO and according to their website, the company is planning to raise Rs.250 crore through the IPO.

The company’s investors Sequoia Capital is planning to dilute 4.6% of its total 10.25% stake through the IPO. The promoters too will dilute around 6.5% of their holding (via).

Quick Heal had reported a revenue of Rs.292.5 crore in the fiscal year 2014-15, compared with Rs.253.7 crore the previous year.

The Quick Heal Story

From a computer repair shop to building Quick Heal, learn the startup journey of the founders.


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