Incorporated in 2007, Quess Corp Limited (formerly known as IKYA HUMAN CAPITAL SOLUTIONS LIMITED), is integrated business services provider in India mainly focused on emerging as the preferred partner for handling end-to-end business functions of their clients. Information in this paragraph is copied from chittorgarh.com. Quess offers services across many sectors like IT and ITES staffing, managing facilities, F&B sector, skill development training, general staffing, HR solutions, engineering services, etc.
Headquartered in Bengaluru, the Company has pan-India presence with 47 offices across 26 cities, as well as operations in North America, the Middle East and South East Asia. Content in this paragraph is copied from chittorgarh.com. It serves over 1300+ customers across 4 segments namely, Global Technology Solutions, People & Services, Integrated Facility Management and Industrial Asset Management.
| Purpose | Amount (₹ Cr) |
|---|---|
| 1 Repayment of debt availed by the Company | ₹50 |
| 2 Funding capital expenditure requirementsof our Company and the Subsidiary, MFX US | ₹72 |
| 3 Funding incremental working capital requirement of the Company | ₹158 |
| 4 Acquisitions and other strategic initiatives | ₹80 |
| 5 General corporate purposes | ₹11 |
| Metric | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 |
|---|---|---|---|
| Total Assets | 1,238 | 719 | — |
| Revenue | 3,442 | 2,573 | — |
| PAT | 89 | 67 | — |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | — | 9,463,724 (75%) | — |
| NII / HNI | — | 1,892,744 (15%) | — |
| Retail (RII) | — | 1,261,829 (10%) | — |
| Total | — | 12,618,297 (100%) | — |
* Amount calculated at upper price band (₹317) · ** Total includes all investor categories
- Retail allocation is weak at 10% of the total offering.
- HNI/NII demand is good at 15%.
- Institutional (QIB) interest is strong at 75%.
This IPO has relatively lower interest or stretched valuation. Proceed with thorough research and caution.
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