| 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://linkintime.co.in/ipo
Articles about Quess Corp
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: [email protected]
Website: http://www.quesscorp.com
What we are reading
People Matters: Dream Big And Invest In The Best: Ajit Isaac
Forbes: Ajit Isaac’s string-of-pearls strategy for Quess
Sanjay Bakshi: Teaching note on Ajit Isaac: A cash generating machine called 1-800-5000
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: [email protected]
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)
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?
Markets are risky now but Indian markets recovered very well after Brexit meaning there is strength
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.
https://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.
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
I am interested in buying 1000 shares of Quess in grey market
Let me know the best rate and if possible call at 9876131880
Quess is excellent, all brokers are recommending to invest. Allotment will be hard to get though, Link Intime again.
17 times in retail already!!! This is lottery in another name.
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
RS : 500 .00 Per Sher
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.
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.
From Link Intime website –
Visit this website post 6 am on 08-july to check Quess Corp IPO allotment status
I lose my confidence in ipo as there is no allotment in five applications
Same here I got nil from four applications.
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.
On second thoughts, does it make sense to buy on listing day. I can hold for a quarter.
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.
Quess CMP – around 500, P/E ratio – 65. Take your call
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.
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.