Shares of Quess Corp kicked-off trading on robust note, listing at 58 per cent premium against its issue price of Rs 317 per share on the National Stock Exchange.
The maiden public offering of Quess Corp, India's leading integrated business services provider, was a massive success, with the Rs 400-crore issue receiving subscription of a whopping 144.5 times, making it the country's highest subscribed IPO in nine years, media reports said.
According to data from the National Stock Exchange (NSE) website, the staffing firm's initial share issue received bids for a total of 102.54 crore shares on the final day of bidding on Friday.
Making a strong opening, shares of company gained as much as 60.18 per cent to trade at Rs 507.80 a piece on Bombay Stock Exchange.
Meanwhile, the broader benchmark BSE Sensex was trading at 27,686.54, up 59.85 points, or 0.22 per cent, at 11:10 hours.