Quick Heal Technologies IPO - Is it worth?

BNP Paribas Advantage, Reliance MF, Driehaus Emerging Markets Smallcap Growth Fund, Nomura India Stock Mother Fund, Jupiter India Fund, ICICI Prudential MF, Birla Sun Life Insurance, Sundaram MF, Axis MF and Reliance Life Insurance are some of the buyers...
The IPO involves issue of fresh equity shares and sale of about 62.70 lakh equity shares by promoters.
About 250 crore rupees to be raised and used for advertisements, renovation of offices, etc.

Some money will go into R&D.

What do you all think?

Is it worth buying, for long term? or for short term?

 

I am applying. Most probably I will sell all shares on listing. If QIB and HNI response is very good then I will sell 50% on listing and the remaining in the next 5-6 days.