Quick Heal IPO subscribed 11% on Day One

Anti-computer-virus-product company Quick Heal Technologies’ Initial Public Offering (IPO) was subscribed 11 per cent (excluding anchor investments) on Monday, the first day of the issue. The 10.1-million-share offering has received 1.1 million bids so far. Quick Heal IPO is looking to mobilise about Rs 450 crore. The Pune-based company has already raised Rs 134 crore from anchor investors by allotting them 4.17 million shares at Rs 321 apiece. The IPO price band is Rs 311 to Rs 321 per share.

The issue closes on Wednesday.