IPO Issue Details
Issue Price / Price Band₹12 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size10,000 Shares per Lot
Total Issue Size11,20,000 shares (aggregating up to ₹1.43 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenTue, 30 Jun 2015
Subscription CloseThu, 02 Jul 2015
Anchor AllotmentMon, 29 Jun 2015
Basis of AllotmentWed, 08 Jul 2015
Initiation of RefundsThu, 09 Jul 2015
Credit of Shares to DematThu, 09 Jul 2015
Listing DateThu, 16 Jul 2015
UPI Mandate Deadline2015-07-02
Application & Investment Details
Retail — Min (1 Lots)₹1,27,500 — 10,000 shares
Retail — Max (13 Lots)₹1,560,000 (13 Lots)
HNI — Min (2 Lots)₹2,55,000 — 20,000 shares
Net Offer to Public10,50,000 shares (aggregating up to ₹1.34 Cr)
Reserved for Market Maker70,000 shares (aggregating up to ₹0.0840 Cr)
Pre-IPO Promoter Holding30,02,000 shares
Post-IPO Promoter Holding41,22,000 shares
About Majestic Research Services & Solutions Ltd.
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.
Objects of the Issue
Majestic Research Services & Solutions Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Procurement of new technology
0.20
2
2 Working capital requirement
0.80
Shareholding & Lock-in
Pre-IPO Promoter Holding
30,02,000 shares
Post-IPO Promoter Holding
41,22,000 shares