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Majestic Research IPO is a fixed price issue of ₹1.43 crores. The issue is entirely a fresh issue of 0.11 crore shares of ₹1.43 crore.
Majestic Research IPO bidding started from Jun 30, 2015 and ended on Jul 2, 2015. The shares got listed on BSE SME on Jul 16, 2015.
Majestic Research IPO price is ₹12.75 per share . The lot size for an application is 10,000. The minimum amount of investment required by an individual investor (retail) is ₹1,27,500 (10000 shares). The minimum lot size investment for HNI is 2 lots (20,000 shares), amounting to ₹2,55,000.
Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Choice Equity Broking Pvt.Ltd..
Refer to Majestic Research IPO RHP for detailed Information.
| IPO Date | June 30, 2015 to July 2, 2015 |
| Listing Date | July 16, 2015 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹12 per share |
| Lot Size | 10,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 11,20,000 shares (aggregating up to ₹1.43 Cr) |
| Reserved for Market Maker | 70,000 shares Choice Equity Broking Pvt.Ltd. (aggregating up to ₹0.0840 Cr) |
| Net Offered to Public | 10,50,000 shares (aggregating up to ₹1.34 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 30,02,000 shares |
| Share Holding Post Issue | 41,22,000 shares |
Majestic Research IPO offers total 11,20,000 shares. Out of which 5,25,000 (46.88%) allocated to NII, 5,25,000 (46.88%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 70,000 (6.25%) |
| NII (HNI) Shares Offered | 5,25,000 (46.88%) |
| Retail Shares Offered | 5,25,000 (46.88%) |
| Total Shares Offered | 11,20,000 (100.00%) |
Majestic Research IPO opens on June 30, 2015, and closes on July 2, 2015.
| IPO Open Date | Tue, Jun 30, 2015 |
| IPO Close Date | Thu, Jul 2, 2015 |
| Tentative Listing Date | Thu, Jul 16, 2015 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Jul 2, 2015 |
Investors can bid for a minimum of 10,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 10,000 | ₹1,27,500 |
| Retail (Max) | 1 | 10,000 | ₹1,27,500 |
| HNI (Min) | 2 | 20,000 | ₹2,55,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2012, Majestic Research Services and Solutions Ltd. (MRSS) is engaged in the business of market research and is a subsidiary of Majestic Market Research Support services Ltd (MMRS). Parent company has a global reach with presence in 18 countries of Middle East and APAC region. MRSS provides actionable insights to its clients and assist them in making better strategic decisions in their respective lines of business.
The company provides its services with integrity, respect and dedicated teamwork and is well equippted with advance technology. It has large online research panel, offers video streaming worldwide and can handle 15 participants/clients/groups at a time.
| KPI | Values |
|---|---|
| RoNW | 4.25% |
The Company Majestic Research IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Procurement of new technology | 0.20 |
| 2 | Working capital requirement | 0.80 |
| 3 | Issue expenses | 0.43 |
| Listing Date | July 16, 2015 |
| BSE Script Code | 539229 |
| NSE Symbol | |
| ISIN | INE196R01012 |
| Final Issue Price | ₹12 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹12.75 |
| Open | ₹14.00 |
| Low | ₹14.00 |
| High | ₹14.70 |
| Last Trade | ₹14.70 |
Majestic Research Services & Solutions Ltd.
2nd Floor Kalpak Arcade,
46/17 Church Street,
Bangalore - 560001, Karnataka
Bangalore Urban, Karnataka
Phone: +91 80 41757500
Email: info@mrssindia.com
Website: http://www.mrssindia.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Majestic Research IPO is a SME IPO of 11,20,000 equity shares of the face value of ₹10 aggregating up to ₹1.43 Crores. The issue is priced at ₹12 per share. The minimum order quantity is 10000.
The IPO opens on June 30, 2015, and closes on July 2, 2015.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Majestic Research IPO using UPI as a payment gateway. Zerodha customers can apply in Majestic Research IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Majestic Research IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Majestic Research IPO opens on June 30, 2015 and closes on July 2, 2015.
Majestic Research IPO lot size is 10000, and the minimum amount required for application is ₹1,27,500.
You can apply in Majestic Research IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Majestic Research IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Majestic Research IPO allotment status.
The Majestic Research IPO listing date is on Thursday, July 16, 2015.
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