IPO Issue Details
Issue Price / Price Band₹317 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size45 Shares per Lot
Total Issue Size1,26,18,297 shares (aggregating up to ₹400.00 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenWed, 29 Jun 2016
Subscription CloseFri, 01 Jul 2016
Anchor AllotmentTue, 28 Jun 2016
Basis of AllotmentThu, 07 Jul 2016
Initiation of RefundsFri, 08 Jul 2016
Credit of Shares to DematFri, 08 Jul 2016
Listing DateTue, 12 Jul 2016
UPI Mandate Deadline2016-07-01
Application & Investment Details
Retail — Min (1 Lots)₹14,265 — 45 shares
Retail — Max (13 Lots)₹185,445 (13 Lots)
HNI — Min (15 Lots)₹2,13,975 — 675 shares
Pre-IPO Promoter Holding11,33,35,056 shares
Post-IPO Promoter Holding12,59,53,353 shares
About Quess Corp Ltd.
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.
Objects of the Issue
Quess Corp Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Repayment of debt availed by the Company
50.00
2
2 Funding capital expenditure requirementsof our Company and the Subsidiary, MFX US
71.72
3
3 Funding incremental working capital requirement of the Company
157.90
4
4 Acquisitions and other strategic initiatives
80.00
5
5 General corporate purposes
10.59
Shareholding & Lock-in
Pre-IPO Promoter Holding
11,33,35,056 shares
Post-IPO Promoter Holding
12,59,53,353 shares