Home Startup Story Quick Heal Plans To Get Funds Via IPO

Quick Heal Plans To Get Funds Via IPO


Quick Heal, the software securitycompany is wanting to raise Rs 1,200 crore through a first sale of stock, reports the Economic Times. The distribution included, referring to sources, that the organization will be hitting the business sectors in the second from last quarter this year and that it has designated JP Morgan, ICICI Securities and Jefferies as lead chiefs for the issue.

The company was begun in 1993 as CAT Computer Services (P) Ltd and worked basically as a PC administration focus. It turned its business and spearheaded against infection innovative work in India. Kailash Katkar capacities as the CEO while Sanjay Katkar works as the organization’s boss innovation officer.

The firm, which numbers any semblance of Just Dial and Apollo Hospitals among its biggest endeavor clients. The organization asserts more than 17 million dynamic clients and establishments in more than 25,000 little, medium and huge endeavors. Fast Heal additionally says that its income blend is 70% in retail and around 30% in corporate. As of now, the organization has 33 branch workplaces in India and comprises of 1,200 individuals in its group and a system of 15,000 direct accomplices in hundred nations.

The organization had gotten ready for an IPO a year ago it was postponed for over a year in light of the fact that the organization was not able to get ready and finish the review reports in expected time. The organization at the time had arranged an extension to the US and Europe. The organization had reported incomes of Rs 260 crore in March 2013.