Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
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 ₹317.00 per share . The lot size for an application is 45. The minimum amount of investment required by an retail is ₹13,950 (45 shares). 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 Date | June 29, 2016 to July 1, 2016 |
| Listing Date | July 12, 2016 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹310 to ₹317 per share |
| Issue Price Final | ₹317 per share |
| Lot Size | 45 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 1,26,18,297 shares (aggregating up to ₹400.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 11,33,35,056 shares |
| Share Holding Post Issue | 12,59,53,353 shares |
Quess Corp IPO offers total 1,26,18,297 shares. Out of which 94,63,724 (75.00%) allocated to QIB, 37,85,490 (30.00%) allocated to QIB, 18,92,744 (15.00%) allocated to NII, 12,61,829 (10.00%) allocated to RII and 56,78,234 (45.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum 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%) |
Quess Corp IPO opens on June 29, 2016, and closes on July 1, 2016.
| IPO Open Date | Wed, Jun 29, 2016 |
| IPO Close Date | Fri, Jul 1, 2016 |
| Tentative Listing Date | Tue, Jul 12, 2016 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Jul 1, 2016 |
Investors can bid for a minimum of 45 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
|
Particulars |
For the year/period ended (in Rs. Million) | ||||
| 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | 31-Mar-12 | |
| Total Assets | 12,378.68 | 7,190.96 | 3,309.11 | 2,541.99 | |
| Total Revenue | 34,424.26 | 25,727.58 | 10,043.52 | 6,394.35 | |
| Profit After Tax (PAT) | 885.21 | 672.16 | 171.02 | 83.05 | |
| KPI | Values |
|---|---|
| RoNW | 24.28% |
The objects of the issue are:
1. Repayment of debt availed by the Company;
2. Funding capital expenditure requirements of the Company and their Subsidiary, MFX US;
3. Funding incremental working capital requirement;
4. Acquisitions and other strategic initiatives; and
5. General corporate purposes.
[Dilip Davda] This being a niche player with many firsts to its credit and having bright prospects ahead may be considered for medium to long term investment as it also enjoys first mover tag for the segment. Read detail review...
| Listing Date | July 12, 2016 |
| BSE Script Code | 539978 |
| NSE Symbol | QUESS |
| ISIN | INE615P01015 |
| Final Issue Price | ₹317 per share |
| BSE Listing Group | B |
Quess Corp Ltd.
3/3/2, Bellandur Gate,
Sarjapur Main Road,
Bengaluru 560 103
Bengaluru, Karnataka
Phone: +91 80 6105 6000
Email: investor@quesscorp.com
Website: http://www.quesscorp.com
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: qcl.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Quess Corp IPO is a main-board IPO of 1,26,18,297 equity shares of the face value of ₹10 aggregating up to ₹400.00 Crores. The issue is priced at ₹317 per share. The minimum order quantity is 45.
The IPO opens on June 29, 2016, and closes on July 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 June 29, 2016 and closes on July 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 Tuesday, July 12, 2016.
Useful Articles
RHP