Bookbuilding IPO | ₹400 Cr | Listed at BSE, NSE | Wed, Jun 29, 2016 - Fri, Jul 1, 2016
Quess Corp IPO is a book build issue of ₹400.00 crores. The issue is entirely a fresh issue of 1.26 crore shares of ₹400.00 crore.
Quess Corp IPO bidding started from Jun 29, 2016 and ended on Jul 1, 2016. The shares got listed on BSE, NSE on Jul 12, 2016.
Quess Corp IPO price band is set at ₹317 per share. The lot size for an application is 45. The minimum amount of investment required by an retail is ₹14,265 (45 shares) (based on upper price). The lot size investment for sNII is 15 lots (675 shares), amounting to ₹2,13,975, and for bNII, it is 71 lots (3,195 shares), amounting to ₹10,12,815.
Axis Capital Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Quess Corp IPO RHP for detailed Information.
IPO Open
Wed, Jun 29, 2016
IPO Close
Fri, Jul 1, 2016
Issue Price
₹317 per share
Market Cap (Pre-IPO)
₹3,992.72 Cr
| IPO Date | 29 Jun to 1 Jul, 2016 |
| Listed on | Tue, Jul 12, 2016 |
| Face Value | ₹10 per share |
| Price Band | ₹310 to ₹317 |
| Issue Price | ₹317 per share |
| Lot Size | 45 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,26,18,297 shares (agg. up to ₹400 Cr) |
| Fresh Issue | 1,26,18,297 shares (agg. up to ₹400 Cr) |
| Share Holding Pre Issue | 11,33,35,056 shares |
| Share Holding Post Issue | 12,59,53,353 shares |
| BSE Script Code / NSE Symbol | 539978 / QUESS |
| ISIN | INE615P01015 |
Quess Corp IPO comprises a total issue size of 1,26,18,297 shares. Out of which, 94,63,724 (75.00%) are allocated to QIB, 18,92,744 (15.00%) allocated to NII 12,61,829 (10.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 94,63,724 | 75.00% | NA |
| − Anchor Investor Shares Offered | 56,78,234 | 45.00% | NA |
| − QIB (Ex. Anchor) Shares Offered | 37,85,490 | 30.00% | NA |
| NII (HNI) Shares Offered | 18,92,744 | 15.00% | NA |
| Retail Shares Offered | 12,61,829 | 10.00% | 28,040 |
| Total Shares Offered | 1,26,18,297 | 100.00% |
Investors can bid for a minimum of 45 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 45 | ₹14,265 |
| Retail (Max) | 14 | 630 | ₹1,99,710 |
| S-HNI (Min) | 15 | 675 | ₹2,13,975 |
| S-HNI (Max) | 70 | 3,150 | ₹9,98,550 |
| B-HNI (Min) | 71 | 3,195 | ₹10,12,815 |
Incorporated in 2007, Quess Corp Limited (formerly known as IKYA HUMAN CAPITAL SOLUTIONS LIMITED), is integrated business services provider in India mainly focused on emerging as the preferred partner for handling end-to-end business functions of their clients. Information in this paragraph is copied from chittorgarh.com. Quess offers services across many sectors like IT and ITES staffing, managing facilities, F&B sector, skill development training, general staffing, HR solutions, engineering services, etc.
Headquartered in Bengaluru, the Company has pan-India presence with 47 offices across 26 cities, as well as operations in North America, the Middle East and South East Asia. Content in this paragraph is copied from chittorgarh.com. It serves over 1300+ customers across 4 segments namely, Global Technology Solutions, People & Services, Integrated Facility Management and Industrial Asset Management.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment of debt availed by the Company | 50.00 |
| 2 | Funding capital expenditure requirementsof our Company and the Subsidiary, MFX US | 71.72 |
| 3 | Funding incremental working capital requirement of the Company | 157.90 |
| 4 | Acquisitions and other strategic initiatives | 80.00 |
| 5 | General corporate purposes | 10.59 |
| KPI | |
|---|---|
| RoNW | 24.28% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 99.51% | |
| Market Cap | ₹3,992.72 Cr. |
The Quess Corp IPO is subscribed 143.99 times on July 1, 2016 5:00:00 PM (Day 3). The public issue subscribed 31.23 times in the retail category, 59.02 times in the QIB category, and 392.21 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 59.02 | 39,03,023 | |
| NII | 392.21 | 19,16,251 | |
| Retail | 31.23 | 12,77,500 | |
| Total | 143.99 | 70,96,774 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to BRLMs | 129.95 |
| 2 | Selling commission and processing fees for SCSBs | 2.95 |
| 3 | Selling commission and bidding charges for Members of Syndicate, Registered Brokers, RTAs and CDPs | 10.20 |
| 4 | Fees payable to Registrar to the Issue | 5.10 |
| 5 | Printing and stationary expenses | 13.05 |
| 6 | Advertising and marketing expenses | 42.00 |
| 7 | Listing fees | 3.60 |
| 8 | SEBI, BSE and NSE processing fees | 8.65 |
| 9 | Fees payable to Legal Counsels | 30.02 |
| 10 | Miscellaneous | 52.42 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹317.00 | ₹317.00 |
| Open | ₹499.00 | ₹500.00 |
| Low | ₹480.05 | ₹480.00 |
| High | ₹508.60 | ₹509.30 |
| Last Trade | ₹503.00 | ₹503.10 |
Quess Corp IPO is a main-board IPO of 1,26,18,297 equity shares of the face value of ₹10 aggregating up to ₹400 Crores. The issue is priced at ₹317 per share. The minimum order quantity is 45.
The IPO opens on Wed, Jun 29, 2016, and closes on Fri, Jul 1, 2016.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Quess Corp IPO using UPI as a payment gateway. Zerodha customers can apply in Quess Corp IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Quess Corp IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Quess Corp IPO opens on Wed, Jun 29, 2016 and closes on Fri, Jul 1, 2016.
Quess Corp IPO lot size is 45, and the minimum amount required for application is ₹14,265.
You can apply in Quess Corp IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Quess Corp IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Quess Corp IPO allotment status.
The Quess Corp IPO listing date is on Tue, Jul 12, 2016.
