LiveMint is reporting that the previously announced Quick Heal IPO may get delayed to next Year.
Excerpts from the article:
Pune-based security software firm Quick Heal Technologies Pvt. Ltd expects its initial public offering (IPO) to be delayed to July or August next year, as it is still preparing and finalizing audit reports and is aiming for a valuation between Rs.2,500 crore and Rs.3,000 crore.
The software product firm, which is aiming to expand outside India and launch newer products, had initially planned to go public by December this year or January next year.
“Around Rs.3,000 crore is what I’m expecting,” managing director and chief executive Kailash Katkar said in an interview. “We’re also trying to put the right team in place to manage all the financial accounting procedures and that is taking time.”
Read the full article
At this point, we are expecting that Pubmatic will be Pune’s first product IPO… What do you think?