 "Quess Corp subscribed 0.41 times on Day One of IPO")
The Rs 400-crore initial public offering (IPO) of Quess Corp got subscribed 0.41 times on day one. The issue received total bids for 2.88 million shares, against an issue size of 7.09 million.
The retail quota got subscribed 2.2 times, while the non-institutional segment got subscribed 0.05 times. The qualified institutional portion did not get any bids. On Tuesday, Quess Corp allotted 5.67 million equity shares at Rs 317 per share, amounting to Rs 180 crore to 15 anchor investors. The company has fixed the price band at Rs 310-317 per share, with a face value of Rs 10 each.
The retail quota got subscribed 2.2 times, while the non-institutional segment got subscribed 0.05 times. The qualified institutional portion did not get any bids. On Tuesday, Quess Corp allotted 5.67 million equity shares at Rs 317 per share, amounting to Rs 180 crore to 15 anchor investors. The company has fixed the price band at Rs 310-317 per share, with a face value of Rs 10 each.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%