Quess Corp.’s `400-cr IPO to kick off today1 min read . Updated: 29 Jun 2016, 06:11 AM IST
Staffing firm Quess Corp. has fixed a price band of `310317 per share with a face value of `10 each for the initial public offering (IPO)
New Delhi: Staffing firm Quess Corp. will hit capital markets on Wednesday to raise ₹ 400 crore through an initial public offering (IPO).
The company, promoted by Ajit Isaac and Thomas Cook (India), has fixed a price band of ₹ 310–317 per share with a face value of ₹ 10 each.
The issue will open for public subscription on Wednesday and close on 1 July. The IPO comprises fresh issue of shares aggregating ₹ 400 crore. Headquartered in Bengaluru, the firm intends to use funds towards incremental working capital, acquisitions and other strategic initiatives, debt repayment and other general corporate purposes.
Set up in 2007, Quess Corp. offers comprehensive solutions, including recruitment, temporary and technology staffing, and IT products and solutions, among others.