Shares of staffing firm Quess Corp settled at Rs 503 on BSE, a premium of 58.67% over the initial public offer price of Rs 317 on its debut on the stock exchanges today, 12 July 2016.
The stock debuted at Rs 499, a premium of 57.41% to the initial public offer (IPO) price. The stock hit a high of Rs 508.60 and a low of Rs 480.05 in intraday trade. On BSE, 32.23 lakh shares were traded on the counter.
Quess Corp had priced its IPO at Rs 317 per share -- the top end of the Rs 310 to Rs 317 per share price band for the issue.
The IPO closed on 1 July 2016 with strong response from investors.
Quess Corp provides comprehensive solutions including recruitment, temporary staffing, technology staffing, IT products and solutions, skill development, payroll, compliance management, integrated facility management and industrial asset management services.
Based on consolidated financial performance, Quess Corp registered net profit of Rs 88.52 crore on revenue from operations of Rs 3435.01 crore for the year ended 31 March 2016.
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