Quess Corp Limited IPO
Quess Corp Limited was a mainboard IPO in the Diversified Commercial Services sector, offered at ₹310–₹317 per share to raise ₹400 crore. The issue was subscribed 144.5× overall (QIBs 59.03×, NIIs 392.21×, retail 34.08×). It listed on 12 Jul 2016 at ₹500 and closed its first day at ₹503, a listing gain of +58.7% versus the ₹317 issue price. It now trades around ₹306 (-3.5% versus the issue price).
Frequently asked questions
- How many times was the Quess Corp Limited IPO subscribed?
- The Quess Corp Limited IPO was subscribed 144.5× overall — 59.03× in the QIB category, 392.21× among non-institutional investors, 34.08× in retail.
- What were the Quess Corp Limited IPO listing gains?
- Quess Corp Limited listed on 12 Jul 2016 at ₹500, closing its first day at ₹503 — a listing gain of +58.7% versus the ₹317 issue price.
- What were the retail allotment odds for the Quess Corp Limited IPO?
- Retail was subscribed 34.08×, so a single-lot application had roughly a 2.9% chance of allotment (about 1 in 34), and allotment was finalised on 6 Jul 2016.
- What was the price band and lot size of the Quess Corp Limited IPO?
- The price band was ₹310–₹317 per share, with a minimum lot of 45 shares (₹14,265 at the upper band).
- Who were the registrar and lead manager for the Quess Corp Limited IPO?
- Link Intime India Private Limited was the registrar to the issue.