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Quess Corp IPO

Quess Corp is a leading integrated business services provider in India. The company offers comprehensive solutions including recruitment, temporary staffing, technology staffing, IT products and solutions, skill development, payroll, compliance management, integrated facility management and industrial asset management services. As of 31 March 2016, Quess Corp’s clients included some of the world’s largest, reputable organizations, including 20 companies ranked in the 2015 Fortune Global 500 list.
The company categorizes its businesses in four broad segments:
Global Technology Solutions (GTS) – The segment provides IT staffing, IT product solutions and services in India, North America and South East Asia, under Magna Infotech, Brainhunter, Mindwire and MFX brands. The segment contributed 26.77% to Quess Corp’s revenues in FY2016.
People and Services (P&S) – The segment provides comprehensive staffing (excluding IT staffing) services and solutions including general staffing, recruitment and executive search, recruitment process outsourcing, as well as payroll, compliance and background verification services under IKYA and CoAchieve brands. The segment contributed 56.64% to Quess Corp’s revenues in FY2016.
Integrated Facility Management (IFM) – The segment provides integrated facility management solutions to corporates and other organizations such as hospitals and schools across India. It provides the entire range of facility management services including janitorial services, electro-mechanical services, pest control as well as food and hospitality services under Avon and Aravon brands. The segment accounted for 10.82% to the company’s topline in FY2016.
Industrial Asset Management (IAM) – The segment provides industrial operations and maintenance (O&M) services and related asset record maintenance services under Hofincons brand across various industries, including power, energy, oil and gas, chemicals and ferrous and non-ferrous metal industries. Quess Corp generated 5.61% of its revenues from the business in FY2016.
Quess Corp IPO Date 29 June – 1 July 2016
Price Band INR310 – 317 per share
Issue Size INR400 crore
Face Value INR10 per share
Minimum Bid 45 shares
Retail Allocation 10%
Listing On BSE, NSE
Total issue size INR400 crore
Repayment of debt  INR50 crore
Funding capital expenditure of Quess Corp and MFX US INR71.7 crore
Funding incremental working capital requirement of Quess Corp INR159.9 crore
Acquisitions and other strategic initiatives INR80 crore
General corporate purposes Remaining amount
Name of shareholder Equity Shares Percentage (%)
TCIL 78,823,496 69.55
Ajit Isaac 18,585,960 16.40
Net Resources 15,365,824 13.56
Amrita Nathani 169,408 0.15
Guruprasad S 125,212 0.11
Vijay Sivaram 88,384 0.08
Venkatesan Jayaraman 88,388 0.08
Pratibha J 58,924 0.05
Jaison Jose 29,460 0.03
Total 113,335,056 100.0
Quess Corp’s consolidated financial performance (in INR crore)
  FY2012 FY2013 FY2014 FY2015 FY2016
Total revenue 639.4 1,004.3 1,008.1 2,572.7 3,442.4
Total expenses 626.3 980.0 979.2 2468.5 3317.6
Profit/(loss) after tax 6.2 12.0 17.8 67.2 88.5

Quess Corp IPO Subscription Details

Category Shares offered Subscription (No. of times)
Day 1 Day 2 Day 3 
QIB  3,903,023  0.00  2.80   59.00
NII  1,916,251  0.05  0.32 392.21
Retail  1,277,500  2.19  9.81   32.38
Total  7,096,774  0.41  3.40 144.19

Quess Corp IPO Allotment Status

Quess Corp IPO allotment status is now available on Link Intime’s website. Click on this link to get allotment status.

You can also check your IPO allotment status from your mobile at
http://eipo.linkintime.co.in/ipo/ 
http://linkintime.co.in/ipo

Quess Corp Contact Details

Quess Corp Limited
3/3/2, Bellandur Gate,
Sarjapur Main Road,
Bengaluru 560 103, Karnataka

Phone: +91 80 6105 6000
Fax: +91 80 6105 6406
Email: investor@quesscorp.com
Website: http://www.quesscorp.com

Registrar of Quess Corp IPO

Link Intime India Private Limited
C-13 Pannalal Silk Mills Compound,
LBS Marg, Bhandup West, Mumbai – 400 078
Maharashtra, India

Phone: +91 22 2596 3838
Fax: +91 22 2594 6969
Email: mgl.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

Listing Performance of Quess Corp IPO

IPO Opening Date: 29 June 2016

IPO Closing Date: 1 July 2016 

Finalisation of Basis of Allotment: 7 July 2016

Initiation of refunds: 8 July 2016

Transfer of shares to demat accounts: 11 July 2016

Listing Date: 12 July 2016

Listing Price on NSE: INR500 per share (57.7% return on IPO price)

Closing Price on NSE: INR503.1 per share (58.7% return on IPO price)

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32 Comments on "Quess Corp IPO"

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I agree with bull_sinha. Better to buy stuff with good div yield. there are good sectoral leaders that are at decent multiples and offer good yields. Monsoon should be good for agro-chem cos like UPL and Monsanto. Even the beaten down auto guys like Tata Motors look nice.

what a blockbuster listing! i tried to play intra-day but did not make sense once it crossed 490. there was a perceptible bounce in last one hour. but what an amazing debut!

The debut was amazing but the crash today was even more spectacular. It still trades with good profit on allotment price but brutal for people who are holding.

On second thoughts, does it make sense to buy on listing day. I can hold for a quarter.

Quess CMP – around 500, P/E ratio – 65. Take your call

Viraj, hope you got your answer. Quess went nowhere after listing. IPO market is currently riding a wave, you need to be very careful. Instead of IPOs, think of buying something more meaningful with good dividend yield.

Midcap mutual funds have performed better than the IPO market. No allotment in good IPOs, only luck.

I agree with Raja V, mutual funds have rewarded investors much better than iPOs. I’ve around 25% of my equity portfolio in MFs and the returns have been good without the unnecessary risks.

Same here I got nil from four applications.

I lose my confidence in ipo as there is no allotment in five applications

From Link Intime website –

Visit this website post 6 am on 08-july to check Quess Corp IPO allotment status

Quess is good and will give solid returns to those who get allotment but L&T Infotech may be better IMO. Fools are not going to apply coz they are busy counting the number of cases involving the company, taking back offer letters and assault on female personnel etc. This looks like an opportunity to me.

Kostak price of Quess has come down last week as subscription is very high. It will give at least 50% return to the lucky ones though on listing.

RS : 500 .00 Per Sher

If i apply for quess ipo today for 135 stocks will i get it?

Ab kya milega 32 times oversubscription pe. But don’t worry, you have not lost anything, everyone is a loser when this kind of subscription happens

17 times in retail already!!! This is lottery in another name.

Quess is excellent, all brokers are recommending to invest. Allotment will be hard to get though, Link Intime again.

I am interested in buying 1000 shares of Quess in grey market
Let me know the best rate and if possible call at 9876131880

What are GMP kostak rates for Quess?? ANy activity??

Quess GMP is around 200 now. Forget Kostak rates, small size and just 10% for retail means not much on applications

Thank u

Forget premium, it will lkist at a loss….

Why?

This IPO is overpriced…when did PE ratio of 40 became normal for a low margin business??

If you want safety, go for bank FD. Even mutual fund or SIP are risky. Read this review, it might give you some idea why Prem Watsa invested and does not want to get out.
http://ipocentral.in/quess-corp-ipo-review-quest-ends/

That’s not what I said. I want to invest in stocks but not at any cost. I read more about margins and how it bills sales. You are right but that doesn’t change anything, PE ratio is still high. Another brexit like event and it will be crashing. Let’s see, listing date is not far.

I agree Quess is overpriced but this is exactly what happens in bull markets. I’ve seen at least three cycles of boom and bust and it is no different this time. I keep an eye on IPO grey market, kostak reviews AND valuations and take a call accordingly.

We have just shrugged off Brexit that gives me confidence of the Indian market’s resilience. I’m going to apply in Quess IPO.

And wait for L&t infotech IPO pricing. That may just bowl you over.

Markets are risky now but Indian markets recovered very well after Brexit meaning there is strength

Quess may be a better bet as Mahanagar Gas gray market premium has reduced and listing show will now be subject to how our markets digest brexit. Has gray market activity picked up in Quess Corp?

I read on other websites that GMP is around 160 but I”m new to markets. Can someone please help how can I buy shares of Quess in grey market?

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