Quess Corp to file IPO papers with Sebi

NEW DELHI: Quess Corp, the staffing services firm owned by Thomas Cook (India) Ltd, is set to file draft papers with capital markets regulator Sebi to raise an estimated Rs 400 crore through an initial public offer.

Another staffing firm Teamlease Services will hit the capital markets next week.

According to sources, Thomas Cook-promoted Quess Corp can file the Draft Red Herring Prospectus (DRHP) with Sebi in a day or two.

Axis Capital Ltd, ICICI Securities Limited, IIFL Holdings Ltd and YES Securities (India) Ltd will advise the company on the issue.

Quess Corp, which was set up in 2007, offers comprehensive solutions, including recruitment, temporary staffing, technology staffing and IT products and solutions, among others.

Headquartered in Bengaluru, the company serves over 1,500 customers across nine countries at more than 8,000 locations.