Quess Corp successfully debut on exchanges
Thomas Cook (India) announced that its subsidiary, Quess Corp, saw a stellar opening on its first day at the Exchanges.Promoted by Ajit Isaac and Thomas Cook (India), Quess Corp raised Rs 400 crore from its Initial Public Offer (IPO) which was open for subscription from 29 June to 01 July 2016. The IPO was oversubscribed 147 times earlier this month, emerging as the most oversubscribed IPO in the past 9 years. The shares began listing at Rs 500 per share, up by an impressive 58 percent on NSE from its issue price of Rs 317 per share; listed at Rs 499 on BSE, a premium of 57.41 per cent over its issue price of Rs 317.
Thomas Cook (India) acquired Quess Corp (previously IKYA Human Capital Solutions), in February 2013 by picking up a 74% stake in the human capital solutions company. Thomas Cook India holds 62.6 percent in the company post issue.
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