Quess Corp (QCL) IPO review.
Quess corp will open for subscription from 29 th June 2016 to 1 st July 2016 in the price range of Rs. 310-317. Applications can be made of 45 shares and in multiples thereafter. Quess Corp is the Bangalore based staffing and IT solutions company. It has 47 offices across 26 cities. It serves over 1300+ customers across 4 segments namely Global Technology Solutions, People 7 Services, Integrated Facility Management and Industrial Asset Management. Quess offers services across many sectors like IT and ITES staffing, Managing Facilities, F&B sector, Skill development training, general staffing, HR solutions, Engineering services, etc. The promoters of the company are: 1. Ajit Isaac, human resources industry veteran . 2. Thomas Cook India Limited (TCIL). Objects of the Issue: The objects of the issue are: 1. Repayment of debt availed by the Company. 2. Funding capital expenditure requirements of the Company and their Subsidiary, MFX US. 3. Funding increme