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Majestic Research FPO is a book build issue of ₹9.99 crores. The issue is entirely a fresh issue of 0.09 crore shares of ₹9.99 crore.
Majestic Research FPO bidding started from Nov 28, 2016 and ended on Dec 5, 2016. The shares got listed on BSE SME on Dec 14, 2016.
Majestic Research FPO price band is set at ₹114.00 per share .
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 FPO RHP for detailed Information.
| IPO Date | November 28, 2016 to December 5, 2016 |
| Listing Date | December 14, 2016 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹106 to ₹114 per share |
| Issue Price Final | ₹114 per share |
| Lot Size | |
| Sale Type | Fresh Capital |
| Total Issue Size | 8,76,000 shares (aggregating up to ₹9.99 Cr) |
| Reserved for Market Maker | 48,000 shares Choice Equity Broking Pvt.Ltd. (aggregating up to ₹0.5472 Cr) |
| Net Offered to Public | 8,28,000 shares (aggregating up to ₹9.44 Cr) |
| Issue Type | Bookbuilding FPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 41,22,000 shares |
| Share Holding Post Issue | 49,98,000 shares |
MRSS FPO offers total 8,76,000 shares. Out of which 4,14,000 (47.26%) allocated to NII, 4,14,000 (47.26%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 48,000 (5.48%) |
| NII (HNI) Shares Offered | 4,14,000 (47.26%) |
| Retail Shares Offered | 4,14,000 (47.26%) |
| Total Shares Offered | 8,76,000 (100.00%) |
Majestic Research FPO opens on November 28, 2016, and closes on December 5, 2016.
| IPO Open Date | Mon, Nov 28, 2016 |
| IPO Close Date | Mon, Dec 5, 2016 |
| Tentative Listing Date | Wed, Dec 14, 2016 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Dec 5, 2016 |
Incorporated in 2012, Majestic Research Services & Solutions Ltd (MRSS) is an independent market research agency. It focuses on market research, advertising research, brand research and consumer research and also offers other research related services. From pre-production market sizing to post product launch monitoring, MRSS has the appropriate resources and regional expertise to provide tailored solutions for its clients.
It serves clients in the apparel, cosmetics and personal care, consumer electronics, household products, automobile, banking and financial services, insurance, e-financial services, pharmaceutical, computer hardware and networking, telecommunications and wireless, software and enterprise computing, broadcasting and cable market, and publishing segments. Company's client list includes HUL, Yamaha, Wockardts, Nissan, Vodafone, Cipla, HPCL, Kellogs, Maruti, CRISIL, HDFC Bank, Pfizer, NSDL etc.
The Company Majestic Research FPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Purchase of New Corporate office | 1.80 |
| 2 | Civil work and Interior Expenses | 0.80 |
| 3 | Working Capital Requirements | 4.70 |
| 4 | General Corporate Purposes | 1.79 |
[Dilip Davda] MRSS has emerged as an investor friendly corporate. Investment in the current offer may be considered for medium to long term rewards as the company is the only listed entity in research sector. Read detail review...
| Listing Date | December 14, 2016 |
| BSE Script Code | 539229 |
| NSE Symbol | |
| ISIN | INE196R01012 |
| Final Issue Price | ₹114 per share |
| BSE Listing Group | M (Rolling) |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹114.00 |
| Open | ₹140.00 |
| Low | ₹139.90 |
| High | ₹149.90 |
| Last Trade | ₹144.55 |
Majestic Research Services & Solutions Ltd.
2nd Floor Kalpak Arcade,
46/17 Church Street,
Bangalore
Bangalore Urban, Karnataka, 560001
Phone: +91 80 41757500
Email: info@mrssindia.com
Website: http://www.mrssindia.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email:
Website: https://ipo.bigshareonline.com/IPO_Status.html
Majestic Research FPO is a SME FPO of 8,76,000 equity shares of the face value of ₹10 aggregating up to ₹9.99 Crores. The issue is priced at ₹114 per share. The minimum order quantity is .
The FPO opens on November 28, 2016, and closes on December 5, 2016.
Bigshare Services Pvt.Ltd. is the registrar for the FPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Majestic Research FPO using UPI as a payment gateway. Zerodha customers can apply in Majestic Research FPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Majestic Research FPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Majestic Research FPO opens on November 28, 2016 and closes on December 5, 2016.
Majestic Research FPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Majestic Research FPO 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 FPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Majestic Research FPO allotment status.
The Majestic Research FPO listing date is on Wednesday, December 14, 2016.
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