The document provides information on two IPOs: Quess Corp and Quick Heal. Quess Corp's IPO in June-July was oversubscribed 143.99 times and saw the stock price rise 53.75% since listing. The funds raised were intended to repay debt, fund capital expenditures, and acquisitions. Quick Heal's IPO in February was oversubscribed 8 times but the stock price has fallen 18.29% since. The proceeds were slated for advertising, R&D infrastructure, and general corporate purposes. Key metrics like P/E ratios and industry growth rates are provided to help analyze where to invest between the two IPOs.

1. IPO ANALYSIS
Group Members:
Suraj Jallan
Abhishek Moonat
Guided By:
Prof. Abhay Raja

2. What Is IPO ?
Process of selling securities to public in primary market
Made with 2 types –
o Fixed Price Issues
o Book building Issues
Done to raise Capital
Process is directed towards both institutional & the retail investors

3. IPO DEFINITION
An initial public offering (IPO) is the first sale of stock by
a private company to the public. IPOs are often issued by
smaller, younger companies seeking the capital to expand,
but can also be done by large privately owned companies
looking to become publicly traded.

4. ELIGIBILITY CRITERIA
Net tangible assets of Rs. 3.00 Crores in each of the preceding 3
years.
Track record of distributable profits at least 3 out of 5 preceding
years.
The company has a net worth of Rs. 1.00 Crore in preceding 3
years.

5. Why IPO is done?
New capital
oAlmost all companies go public primarily because they need money to expand the business
Future capital
oOnce public, firms have greater and easier access to capital in the future
Mergers and acquisitions
oIts easier for other companies to notice and evaluate a public firm for potential synergies
oIPOs are often used to finance acquisitions

6. IPOs are used by companies to raise capital for expansion, to
possibly monetize the investments of early private investors,
and to become publicly traded enterprises.
A company selling shares is never required to repay the capital
to its public investors.
After the IPO, when shares trade freely in the open market,
money passes between public investors.

7. The Process of IPO
Company nominates lead merchant banker(s)
Disclose of securities to be issued & price band for bidding
Appointment of syndicate members
Bidding process
Process normally remains for 5 days
Bids have to be entered within the specified price band
On the closure of the process, the book runners evaluates the price levels
At last the book runners & the issuer decides the final price
Allocation of securities is made to the successful bidders
Rest get refund orders.

8. ASBA Meaning
ASBA is the process for giving an authorization to block the
application money in the bank account, for subscribing an issue.
At the time of allotment if his/her application is selected, the amount
is debited from his bank A/c

9. Eligibility for ASBA
Is a “Resident Retail Individual Investor” i.e. applying for shares/
securities up to RS 2,00,000/-
Is bidding at cut-off or specified price with in price band along
with number of shares bid for.
Is applying through blocking of funds in a bank account with the
Self Certified Syndicate Banks (SCSB);
Has agreed not to revise his/her bid;
Is not bidding under any of the reserved categories.

10. Benefits of ASBA for Investor
The application form is simpler.
The investor continues to earn interest on the application money as the same
remains in the bank account.
The investor deals with the known intermediary i.e. its own bank.
The investor does not have to bother about refunds.
The investor need not pay the application money by cheque rather the investor
submits ASBA which accompanies an authorization to block the bank account to
the extent of the application money.

11. TYPES OF INVESTORS
Qualified Institutional Buyer (QIB) is one that owns and invests, on a discretionary
basis, at least Rs 10 crore in securities; for a broker-dealer the threshold is Rs 1 crore.
An Anchor Investor refers to a QIB making an application of a value of at least Rs. 10
crore or more in the public issue.
Retail Individual Investors (RIIs) means an investor who applies or bids for securities
of or for a value of not more than Rs. 2,00,000.
Non Institutional Investors (NIIs): All applicants, other than QIBs or individuals
applying for less than Rs. 2,00,000 are considered as NIIs.

12. Success and Failure Probability

13. QUESS CORP.
IPO

14. ABOUT QUESS CORP.
 Quess Corp Limited is India’s leading integrated business
services provider established in 2007 as IKYA Human Capital
Solutions Ltd.
 It is headquartered in Bangalore, India and is a subsidiary
of Thomas Cook India.
 Quess offers services across many sectors like IT
and ITES staffing, managing facilities, F&B sector, skill
development training, general staffing, HR solutions,
engineering services, etc.

15. Offer Date 29th June- 1st July
Price Band Rs. 310 – 317 per Share
Minimum Application 45 Shares
Reserved for QIB 30%
Reserved for Non Institutional Bidders 15%
Reserved for retail 10%
Anchor Investors 45%
Total Amount to be raised Rs. 400 Crore
Total No. Of Share on sale 12,59,53,353 (12.6 cr.) shares
Got BID for 18,13,60,48,489 (1813.61 cr.) shares
Subscribed by 143.99 times
ABOUT IPO

16. OBJECTIVES OF ISSUE
Repayment of debt availed by the Company;
Funding capital expenditure requirements of the Company and their
Subsidiary, MFX US;
Funding incremental working capital requirement;
Acquisitions and other strategic initiatives; and
General corporate purposes.

17. Performance of Issue
Issue Price: 317
Yesterday’s closing Price: 487.40
Growth Rate: 53.75%

18. Basis of allotment
A. Allotment to Retail Individual Investors (After Technical Rejections)

19. B. Allotment to Non Institutional Investors (After Technical rejections)

20. C. Allotment to QIBs excluding Anchor Investors

21. DEMAND SUMMARY

22. QUICK HEAL
IPO

23. ABOUT QUICK HEAL
Quick Heal Technologies Ltd., founded in 1993, is an IT security
solutions provider.
Quick Heal has partnered with Microsoft and Intel.
The company has global offices in UAE, US, Japan and Kenya.
It has a network of 15000+ channel partners in more than 100
countries worldwide.

24. Offer Date 8th Feb – 10th Feb
Price Band Rs. 311 – 321 per Share
Minimum Application 45 Shares
Reserved for QIB 20%
Reserved for Non Institutional Bidders 15%
Reserved for retail 35%
Anchor Investors 30%
Total Amount to be raised Rs. 451.25 Crore
Total No. Of Share on sale 1,40,57,719 (1.41 cr.) Shares
Got BID for 11,25,37,170 (11.25 cr.) Shares
Subscribed by 8.005 times
ABOUT IPO

25. Advertising and sales promotion;
Capital expenditure for research and development;
Purchase, development and renovation of office premises in
Chennai, Kolkata, Pune and New Delhi; and
General corporate purposes.
OBJECTIVES OF ISSUE

26. Performance of Issue
Issue Price: 321
Yesterday’s closing Price: 262.26
Growth Rate: (18.29%)

27. BASIS OF ALLOTMENT
A. Allotment to Retail Individual Investors (After Technical Rejections)

28. B. Allotment to Non Institutional Investors (After Technical rejections)

29. C. Allotment to QIBs excluding Anchor Investors
D. Allotment to Anchor Investors

30. DEMAND SUMMARY

31. How to know, Where to invest
 P/E Ratio
 Industry’s Growth Rate
 Company’s Position in Industry
 Company Competes in a Fast Growing Market
 Past Track Record
 Current Company Affairs
 Performance in Recessions
 No. of Knowhow & IPR

32. CONCLUSION
Quess Corp Quick Heal
Industry Engineering Compuers-Softwares
P/E Ratio 65.49 36.43
Industry P/E Ratio 22.27 19.05
Industry Growth Rate 16% 12%
Market Share Not Available 30%

33. THANK YOU…