1. Quess Corp IPO raises approx Rs 180 crore from anchor investors

Quess Corp IPO raises approx Rs 180 crore from anchor investors

The Anchor Allotment issue of Bangalore based human resources firm, Quess Corp, which was scheduled on June 28, raised an approximate amount of Rs 180 crore.

By: | Mumbai | Published: June 28, 2016 10:59 PM
The initial public offering (IPO) of Quess Corp, which aims to raise Rs 400 crore, opens on Wednesday, 29th June 2016 with a price band of Rs 310-317. (Reuters) The initial public offering (IPO) of Quess Corp, which aims to raise Rs 400 crore, opens on Wednesday, 29th June 2016 with a price band of Rs 310-317. (Reuters)

The Anchor Allotment issue of Bangalore based human resources firm, Quess Corp, which was scheduled on June 28, raised an approximate amount of Rs 180 crore. As many as 15 anchor investors bid for 5,678,234 equity shares at a price of Rs 317 per equity share (including share premium of Rs 307 per share. Morgan Stanley Mauritius bid for 22.21% of the total allotted shares followed by Birla Sun life Trustee, ICICI Prudential Midcap, The Nomura Trust and Banking among many others.

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The initial public offering (IPO) of Quess Corp, which aims to raise Rs 400 crore, opens on Wednesday, 29th June 2016 with a price band of Rs 310-317. The issue will close on 1st July 2016. Axis Capital, ICICI Securities, IIFL Holdings and YES Securities (India) are the book running lead managers to the issue. The registrar to the issue is Link Intime India Private Limited.

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