 "Quickheal files for IPO to raise Rs 250 cr from fresh share sale")
Antivirus software maker Quickheal Technology on Wednesday filed the Draft Red Herring Prospectus with the Securities and Exchange Board of India (Sebi) seeking permission for its initial public offering (IPO).
The Pune-based company intends to raise Rs 250 crore by issuing fresh shares. It will also offer to sell 6.8 million shares held by promoters’ family and venture capital firm Sequoia Capital India Investment Holdings.
Sequia Capital, which had acquired a 10 per cent stake in Quickheal in 2010, is expected to reduce its ownership by two percentage points, it is learnt.
The company earned Rs 286 crore and made a profit of Rs 79.8 crore in 2014-15, according to the papers filed with Sebi. ICICI Securities, Jefferies India and JP Morgan India are handling the IPO on behalf of the company.
The Pune-based company intends to raise Rs 250 crore by issuing fresh shares. It will also offer to sell 6.8 million shares held by promoters’ family and venture capital firm Sequoia Capital India Investment Holdings.
Sequia Capital, which had acquired a 10 per cent stake in Quickheal in 2010, is expected to reduce its ownership by two percentage points, it is learnt.
The company earned Rs 286 crore and made a profit of Rs 79.8 crore in 2014-15, according to the papers filed with Sebi. ICICI Securities, Jefferies India and JP Morgan India are handling the IPO on behalf of the company.