Quess Corp lists at over 50% premium

Thomas Cook’s Quess Corp, on its first day of listing on stock exchanges, was trading marginally up at Rs. 501.85, at 11 am. This is a 57% premium over its issue price of Rs 317 per share. 

During its initial public offering (IPO), the company offered lower price band of Rs. 310 and upper price band of Rs. 317. 

By the time of publishing this story, total traded quantity in Quess Corp was 19.81 lakh shares with a turnover of Rs. 98.30 crore.

Quess corp was the most oversubscribed IPO in the last 9 years. IPO received bids for 1,02,43,65,600 shares as against the total issue size of 70,96,774 shares, reflecting 144.34 times over-subscription, data available with the NSE till 1900 hours showed.