Comments
Staffing firm Quess Corp will hit capital markets tomorrow to raise Rs 400 crore through an initial public offering.
The company, promoted by Ajit Isaac and Thomas Cook (India), has fixed a price band of Rs 310-317 per share with a face value of Rs 10 each.
The issue will open for public subscription tomorrow and close on July 1.
The initial public offering (IPO) comprises fresh issue of shares aggregating Rs 400 crore.
Headquartered in Bengaluru, the firm intends to use the funds towards incremental working capital, acquisitions and other strategic initiatives, debt repayment and for other general corporate purposes.
Set up in 2007, Quess Corp offers comprehensive solutions, including recruitment, temporary and technology staffing, and IT products and solutions.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.