Quess Corp. offers business services, including recruitment, temporary staffing, technology staffing, information technology products and solutions. Net profit of Quess Corp. grew to Rs.88.5 crore in the financial year 2015-16, compared with Rs.67.2 crore for financial year 2014-15. Mumbai: Shares of Quess Corp Ltd jumped 57% on their debut on Tuesday, after the integrated business services provider’s Rs.400 crore initial public offering (IPO) saw a subscription of a whopping 144.50 times last week. Quess Corp’s IPO had witnessed the fifth highest overall subscription, in percentage terms, for any IPO since 2000. Quess Corp. is a business services provider in which 69.55% stake is owned by Thomas Cook (India) Ltd, which, in turn, is owned by Canadian billionaire Prem Watsa’s Fairfax Financial Holdings Ltd (FFHL).

Source: Mint July 12, 2016 05:04 UTC