Quess Corp IPO
Quess Corp IPO — date, price band, lot size & details 2016
Quess Corp listed on 12 Jul 2016 at ₹500, 57.7% above the ₹317 issue price.
Quess Corp is an integrated business services provider offering staffing, facility management, food and beverage services and skill development. Its total income was Rs 2,925.72 crore in FY2016.
Stock price
Quess Corp is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 12 November.
- Open 29 Jun 2016
- Close 01 Jul 2016
- Allotment 07 Jul 2016
- Refund/credit TBA
- Listing 12 Jul 2016
Issue summary
The terms of the offer, as filed.
| IPO Dates | 29 Jun to 1 Jul, 2016 |
|---|---|
| Price Band | ₹310 – ₹317 |
| Face Value | ₹10 |
| Lot Size | 45 Shares |
| Issue Size | ₹400 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 14,265 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 45 shares at the ₹317 cut-off. Drag to size your application.
| 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 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 617.25 crore in FY2014 to Rs 2,925.72 crore in FY2016.
- 02Profit after tax rose from Rs 4.05 crore in FY2014 to Rs 84.40 crore in FY2016.
- 03EBITDA rose from Rs 41.98 crore in FY2014 to Rs 171.56 crore in FY2016.
- 04Rs 80.00 crore of the issue was for acquisitions and strategic moves.
Risks · 5
- 01Profit after tax was Rs 84.40 crore on income of Rs 2,925.72 crore in FY2016, so margins are thin.
- 02Much of its growth came from acquisitions, which carry integration risk; total assets were Rs 974.71 crore.
- 03Rs 157.90 crore of the issue was for working capital, as staffing ties up cash.
- 04Staffing demand falls in a slowdown and labour rules can change; net worth was Rs 347.64 crore.
- 05Promoters held 99.51% before the issue and 89.54% after it, so they control the company.
Three years of numbers
All figures in ₹ crore, as reported in the Quess Corp offer document.
| Metric | 31 Mar 2016 | 31 Mar 2015 | 31 Mar 2014 |
|---|---|---|---|
| Assets | 974.71 | 628.98 | 287.30 |
| Total Income | 2,925.72 | 2,378.68 | 617.25 |
| Profit After Tax | 84.40 | 62.63 | 4.05 |
| EBITDA | 171.56 | 136.17 | 41.98 |
| NET Worth | 347.64 | 260.68 | 160.00 |
| Reserves and Surplus | 234.30 | 234.91 | 63.83 |
| Total Borrowing | - | - | 30.54 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Quess Corp RHP.
Where the money goes
₹400.00 Cr of the issue is earmarked to named objects.
About the company
It aims to handle end to end business functions for clients.
Its services cover IT and ITES staffing, facility management, food and beverage services and skill development across many sectors.
The IPO was Rs 400 crore and was entirely fresh issue at Rs 317, the top of the Rs 310 to Rs 317 band. The money was for repaying debt, capital spending including its US subsidiary MFX, working capital and acquisitions.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Quess Corp IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Axis Capital
255 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
ICICI Securities
221 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Bannari Amman Spinning Mills (-25.2%).
IIFL Capital Services Limited
145 issues handledBest listing: Unicommerce eSolutions (+117.6%). Weakest: ICICI Securities (-16.3%).
YES Bank Ltd
14 issues handledBest listing: CDSL (+67.8%). Weakest: New India Assurance (-6.3%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Quess Corp?
The current Grey Market Premium is ₹0.
What is the Quess Corp IPO price band?
₹310 to ₹317, on a face value of ₹10.
When is the allotment?
The basis of allotment is 7 July 2016, with listing on 12 July 2016.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
