Quess Corp, a Subsidiary of Thomas Cook (India), will launch its initial public offering (IPO), which opens on June 29, 2016 and closes on July 1, 2016, with a price band of Rs 310 - Rs 317per Equity Share of face value of Rs. 10 each. The IPO consists of a fresh issue of Equity Shares aggregating to Rs 400 crore. The Anchor Investor Bid/Issue Period shall be on June 28, 2016, i.e. one working day prior to the Bid/Issue Opening day.
The Company proposes to utilize the net proceeds of the Issue for repayment of debt availed by the Company; funding capital expenditure requirements of the Company and its Subsidiary, MFXchange US; funding incremental working capital requirement of the Company; acquisitions and other strategic initiatives and general corporate purposes. Axis Capital, ICICI Securities, IIFL Holdings and YES Securities (India) are the Book Running Lead Managers (BRLMs) to the Issue. The Registrar to the Issue is Link Intime India. The shares of Quess Corp are proposed to be listed on the NSE and BSE.
Thomas Cook is the largest integrated travel and travel related financial services company in the country offering a broad spectrum of services that include Foreign Exchange, Corporate Travel, MICE, Leisure Travel, Insurance, Visa & Passport services and E-Business.
| Company Name | CMP |
|---|---|
| IRCTC | 550.85 |
| Thomas Cook (India) | 100.06 |
| TBO Tek | 1240.40 |
| Transcorp Intl. | 27.63 |
| Le Travenues Techno | 171.15 |
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