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Majestic Research Services & Solutions Ltd FPO (MRSS FPO) Detail

November 28, 2016 - December 5, 2016

MRSS FPO is a book built issue of Rs 9.99 crores. The issue is entirely a fresh issue of 8.76 lakh shares.

MRSS FPO bidding started from November 28, 2016 and ended on December 5, 2016. The shares got listed on BSE SME on December 14, 2016.

MRSS FPO price band is set at ₹106 to ₹114 per share.

Pantomath Capital Advisors Pvt Ltd is the book running lead manager of the MRSS FPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

MRSS FPO Details

IPO Date November 28, 2016 to December 5, 2016
Listing Date December 14, 2016
Face Value ₹10 per share
Price Band ₹106 to ₹114 per share
Lot Size
Total Issue Size[.] shares
(aggregating up to ₹9.99 Cr)
Fresh Issue876,000 shares
(aggregating up to ₹[.] Cr)
Issue Type Book Built Issue FPO
Listing At BSE SME

About Majestic Research Services & Solutions Ltd

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.

Objects of the Issue (MRSS FPO Objectives)

The object of the issue is to meet its working capital requirement.

MRSS FPO Review (Apply)

[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...

MRSS FPO Prospectus

MRSS FPO Rating

30
4.2
Rating:Rated 4.2 stars
Vote Here ...

MRSS FPO Listing Details

Listing Date December 14, 2016
BSE Script Code 539229
NSE Symbol
ISIN INE196R01012
Final Issue Price ₹114 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹114.00
₹140.00
₹139.90
₹149.90
₹144.55

Check IPO Performance…

Majestic Research Services & Solutions Ltd Contact Details

Majestic Research Services & Solutions Ltd
2nd Floor Kalpak Arcade,
46/17 Church Street,
Bangalore - 560001
Phone: +91 80 41757500
Email: info@mrssindia.com
Website: http://www.mrssindia.com

MRSS FPO Registrar

MRSS FPO - Buy or Not

MRSS FPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

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MRSS FPO FAQs

MRSS FPO is a SME FPO of [.] equity shares of the face value of ₹10 aggregating up to ₹9.99 Crores. The issue is priced at ₹106 to ₹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.

The MRSS FPO opens on November 28, 2016 and closes on December 5, 2016.

MRSS FPO lot size and the minimum order quantity is not available at this time. Please check again later.

You can apply in MRSS FPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for MRSS FPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the MRSS FPO allotment status.

The MRSS FPO listing date is on December 14, 2016.
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MRSS FPO Message Board

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12 Comments

11. Ponn |   Link |  Bookmark |December 23, 2016 9:18:53 AM
hi sir/madam
as i applied pan card on 4th November 2016 through uti. still now i didn''t receive my pan number and pan card.in my company they hold my salary due to the pan delay. i need pan no and pan card immediately.so i kindly request you to help me and reply me as soon as possible.
my coupon number is 710625556
11.1. CLD |   Link |  Bookmark |December 23, 2016 10:36:39 PM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
You should directly talk to them or better visit their office & express your problem.
10. Mr. Jain |   Link |  Bookmark |December 22, 2016 3:05:10 PM
Next IPO konsa aane wala he
9. Jaichand lall Daga |   Link |  Bookmark |December 22, 2016 12:48:43 PM
Is it worth applying Reliance Home Finance NCD issue
8. Prashantparmar |   Link |  Bookmark |December 15, 2016 10:56:50 AM
Looks a good small company. Below is my quick assessment

Positive:
1. Asset light model. So, scalable
2. Strong financials. 25%+ RoE, good growth rates. PAT growth excellent
3. Great client base.
4. Good business segment

Challenges:
1. Valuations at 30x PE (trailing). However, looks reasonable around 8x PE (forward).
2. Market depth too low. So, prices will be volatile
3. Also, public float on 27%. So, very high volatility possible
7. DURAISWAMY |   Link |  Bookmark |December 13, 2016 7:02:13 PM
Today MRSS closed at 174.90
6. rohitgarg |   Link |  Bookmark |December 13, 2016 2:37:44 PM
Please tell when will the share will be alloted, i got the allotment , but not received in demat
5. DURAISWAMY |   Link |  Bookmark |December 12, 2016 11:34:27 AM
Today reached upper circuit limit.
4. m patel |   Link |  Bookmark |December 3, 2016 10:05:19 PM
should apply for this IPO.
3. DURAISWAMY |   Link |  Bookmark |December 1, 2016 7:12:25 PM
MRSS
Security Code       539229 BSE SME
2. DURAISWAMY |   Link |  Bookmark |December 1, 2016 5:16:54 PM
Prce in the open market is decreasing dayby bay. Please bewate and cautious.
1. rajkot rajkot |   Link |  Bookmark |November 28, 2016 4:46:57 PM
very high valuation. Avoid issue