The move is to stop the exodus of Indian startups to list overseas.
PE firm Blackstone had invested in September 2012.
TPG had invested in 2011 while Actis came in as an investor in 2012.
The PE firm's holding has shrunk from 71.56 per cent to 65.5 per cent.
Both institutional and HNI & corporates’ portions were subscribed over 35 times.
Quess was acquired by Thomas Cook two years ago.
The firm counts New Silk Route as an investor.
It is backed by ICICI Venture and Jacob Ballas.
The PE firm is part-exiting in the public issue.
The issue is being managed by Deutsche, Centrum and Kotak Mahindra Capital.
Last week another PE-backed firm had to cut overall issue size to see through the IPO.
The group already has Inox Leisure and Gujarat Fluorochemicals as listed firms.
Last week, another PE-backed firm Ortel saw through its IPO after cutting overall issue size.
It counts ICICI Venture and Jacob Ballas as PE investors.
Only institutional investors portion was fully subscribed.
New Silk Route eyeing part exit in the IPO.
Jacob Ballas is another PE investor.
Anchor investors have picked shares at the lower end of the price band.
ICICI Venture, NYLIM-Jacob Ballas own over 21 per cent stake in the firm.
Amazing products. Good going Mosambee team. Good luck
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