Quessentials IPO

Initial public offer of upto 32,40,000 equity shares of face value of Rs. 10/- each (the equity shares) of Quessentials Limited (the company or ql or Quessentials or the issuer) at an offer price of Rs. [] per equity share for cash, aggregating up to Rs.[] crores(public offer) comprising of a fresh issue of upto 30,72,000 equity shares aggregating to Rs. [] crores (the fresh issue) and an offer for sale of upto 1,68,000 equity shares by the promoter selling shareholders, Krishna Kanth Muppalla and Chinthala Mohan Reddy (offer for sale) aggregating to Rs. [] crores, (hereinafter refferd as promoter selling shareholders) out of which [] equity shares of face value of Rs. 10/- each, at an offer price of Rs. [] per equity share for cash, aggregating Rs. [] crores will be reserved for subscription by the market maker to the offer (the market maker reservation portion). The public offer less market maker reservation portion i.e. offer of [] equity shares of face value of Rs. 10/- each, at an offer priceof Rs. [] per equity share for cash, aggregating Rs. [] crores is herein after referred to as the net offer. The public offer and net offer will constitute 26.62% and [*]% respectively of the post-offer paid-up equity share capital of the company. The price band and the minimum bid lot will be decided by the company.