What to watch. Thomas Cook in focus on Quess Corp IPO

Shares of Thomas Cook India will remain in focus, as Quess Corp will hit the capital markets on Wednesday to raise ₹400 crore through an initial public offering. The company, promoted by Ajit Isaac and Thomas Cook (India), has fixed a price band of ₹310-317 a share with a face value of ₹10 each. The issue will close for subscription on July 1. Quess Corp intends to use funds towards incremental working capital, acquisitions and other strategic initiatives, debt repayment and other general purposes.