Quess Corp Ltd., a subsidiary of Thomas Cook (India), which has come out with an initial public offering (IPO), has informed the stock exchanges in a statement that it has allocated 5.6 million equity shares to anchor investors at Rs. 317 per share, the upper end of the price band.
"The IPO Committee of the company at their meeting held on June 28, 2016, in consultation with the Book Running Lead Managers to the Offer, has finalised allocation of 5,678,234 equity shares to anchor investors at anchor investor allocation price of Rs. 317 per equity share (including share premium of Rs. 307 per equity share," Quess Corp said in a regulatory filing to the exchanges on Tuesday.
Some of the prominent investors include Kuwait Investment Authority, HDFC MF, DSP Blackrock MF, Nomura Bank, Reliance MF, SBI MF and Morgan Stanley Mauritius.
The company is coming out with an initial public offering (IPO) of 1.26 crore shares at a price band of Rs. 301 to 317 per share to raise about Rs. 400 crore. The issue opens on June 29 and closes on July 1.
The fresh issue will constitute 10 percent of the post-issue paid-up equity share capital of the company. At the upper end of the price band, the pre-issue price-to-earnings (P/E) works out to 40.6x its FY2016 earnings.
The share price of Thomas Cook (India) was up 1.25 percent and trading at Rs. 216.60 on the BSE at around 11.27 a.m. on Wednesday.
The share allocation details to the 15 institutional investors are listed below: