Shares of Quick Heal Technologies opened at Rs 305, 5% below the issue price of Rs 321 on the National Stock Exchange (NSE). However, the stock displayed a smart recovery from the intra-day low and surged 2.5% to quote at Rs 312.40. The stock hit an intraday high of Rs 330 on the NSE.
The antivirus software provider raised Rs 451 crore via its initial public offer (IPO) last week. The IPO consisted of fresh issue of Rs 250 crore and an offer for sale of about 62.70 lakh equity shares by promoters Kailash Sahebrao Katkar and Sanjay Sahebrao Katkar along with investor Sequoia Capital India Investment Holdings III.
Quick Heal Technologies Ltd., founded in 1993, is an IT security solutions provider and an ISO 9001 certified company. Quick Heal has partnered with Microsoft and Intel. The products are certified by ICSA Labs and AV-Test. The company has global offices in UAE, US, Japan and Kenya.
At 10:25 am, a total of 6,274,883C shares have changed hands on the NSE so far.
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