Quick Heal Technologies will hit the capital markets with its initial public offering (IPO) on Feb. 08, 2016 with a price band of Rs 311 to Rs 321 a equity share of face value of Rs 10 each.

The IPO consists of a fresh issue of Rs 2,500 million by the company and an offer for sale of upto 6,269,558 equity shares by promoters Kailash Sahebrao Katkar and Sanjay Sahebrao Katkar, apart from Sequoia Capital India Investment Holdings III and Sequoia Capital India Investments III.

The minimum bid lot is 45 equity shares and in multiples of 45 equity shares thereafter.

The issue will made through the book building process wherein 50% of the offer will be allocated on a proportionate basis to qualified institutional buyers (QIB's), provided that the company and the selling shareholders, in consultation with the BRLMs, may allocate up to 60% of the QIB category to anchor investors, on a discretionary basis.

ICICI Securities, Jefferies India and J. P. Morgan India are the book running lead managers to the issue, while Link Intime India is the registrar.