MRSS FPO Basis of Allotment

MAJESTIC RESEARCH SERVICES AND SOLUTIONS LIMITED

Our Company was originally incorporated as 'Majestic Research Services and Solutions Private Limited' at Bengaluru, Karnataka, as a private limited company under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated May 02, 2012 bearing registration number 063818 issued by Registrar of Companies, Karnataka, Bengaluru. Subsequently, our Company was converted into a public limited company pursuant to Special Resolution passed by the Company at its Extra Ordinary General Meeting held on July 10, 2014 and fresh certificate of incorporation dated August 11,2014 and the name of our Company was changed to 'Majestic Research Services and Solutions Limited'. Our Company came out with Initial Public Offer in the year 2015 and got listed to SME Platform of BSE Ltd. on July 16, 2015. The Corporate identity number of our Company is L72200KA2012PLC063818. For details of incorporation, change of name and registered office of our Company, please refer to chapter titled 'General Information' and 'Our History and Certain Other Corporate Matters' beginning on page 58 and 150 of the Prospectus.

Registered Office: 2nd, Floor, Kalpak Arcade, Number 46/17, Church Street, Bengaluru- 560 001, Karnataka, India
Tel. No.: +91 80 41757500; Fax No.: +91 80 41757500; E-mail: info@mrssindia.com; Website: www.mrssindia.com
Corporate Office: Office No. 601 & 701, Trellis, Plot No. 202/203, LBS Marg, Near Asha Petrol Pump, Kurla (West), Mumbai - 400070, Maharashtra, India.
Tel: +91 022 26502751/52; Corporate Identity Number: L72200KA2012PLC063818; Contact Person: Sonali Gamne, Company Secretary and Compliance Officer

PROMOTERS OF OUR COMPANY: MAJESTIC MARKET RESEARCH SUPPORT SERVICES LIMITED,
RAJENDRA KUMAR SHARMA & SARANG JAYANT PANCHAL

BASIS OF ALLOTMENT

FURTHER PUBLIC ISSUE OF 8,76,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 114/-PER EQUITY SHARE, (THE 'ISSUE PRICE') INCLUDING A SHARE PREMIUM OF RS. 104/- PER EQUITY SHARE AGGREGATING UP TO RS.998.64* LAKHS (THE 'FURTHER ISSUE') BY OUR COMPANY, OF WHICH 48,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 114/- PER EQUITY SHARE, AGGREGATING RS. 54.72 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY THE MARKET MAKER TO THE ISSUE (THE 'MARKET MAKER RESERVATION PORTION'). THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 8,28,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 114/- PER EQUITY SHARE, AGGREGATING RS. 943.92 LAKHS IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 17.53% AND 16.57% RESPECTIVELY OF THE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.

* Issue Size was revised to adjust the shares in lot of 1200 Equity Shares

Risks to Investors:

Average cost of acquisition per Equity Share by our Promoters viz. Majestic Market Research Support Services Limited, Rajendra Kumar Sharma and Sarang Jayant Panchal is Rs.10 respectively and the Issue Price at the upper end of the Price Band is significantly higher at Rs.114 per Equity Share.

In terms of Prospectus dated December 07,2016 and as per Regulation 43(4) of SEBI (ICDR) Regulations, 2009 wherein

(a) minimum of 50% of the Net Offerto Public shall initially be made available to Retail Individual Investors.

(b) the balance net offer of shares to the public shall be made available for allotment to

(i) individual applicants other than retail investors and

(ii) other investors including corporate bodies/ institutions irrespective of no. of shares applied for.

(c) the unsubscribed portion of the net ofler to any one of the categories specified in (a) or (b) shall/may be made available in any other category, if so required.

Explanation: for the purpose of Regulation 43(4) of SEBI (ICDR) Regulations, 2009, if the retail individual investor is entitled to more than fifty percent, on proportionate basis, the retail individual investors shall be allocated that higher percentage. All Investors have participated in this offer through ASBA process. For details in this regards, specific attention is invited to chapter 'Issue Procedure' on page 286 of the Prospectus.

THE FACE VALUE OF EQUITY SHARES IS RS. 10/- EACH. THE ISSUE PRICE IS RS. 114/- AND IS 11.4 TIMES THE FACE VALUE OF THE EQUITY SHARES
ISSUE OPENED ON: MONDAY, NOVEMBER 28, 2016 AND CLOSED ON: MONDAY, DECEMBER 05,2016

The Equity Shares of our Company are already listed on SME Platform of BSE Limited ('BSE'). The Equity Shares offered through are proposed to be listed on the SME Platform of BSE Limited ('BSE') in terms of Chapter XB of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended from time to time ('SEBI (ICDR) Regulations, 2009. Our Company has received an approval letter dated October 20,2016 from BSE for using its name in this offer document and listing approval dated December 09,2016 for further listing of our shares on the SME Platform of BSE. For the purpose of this further Issue, BSE will be the Designated Stock Exchange. Copies of Red Herring Prospectus and Prospectus has been approved by the Registrar of Companies, Bengaluru, Karnataka.

SUBSCRIPTION DETAILS

The Issue has received 376 applications for 14,53,200 Equity shares (Before Technical Rejections, bids not banked and invalid duplicate bids) including Market Maker Application of 48000 Equity Shares. The issue was subscribed to the extent of 1.66 times as per the application data (before technical rejection). After considering the technical rejections cases, the issue was subscribed 1.63 times.

The details of application received (Before Technical Rejection but after bids not banked and invalid duplicate bids)

CATEGORY	NUMBER OF APPLICATIONS	NUMBER OF EQUITY SHARES	SUBSCRIPTION
Market Makers	1	48,000	1.00
Other than Retail Individual Investors	59	10,26,000	2.48
Retail Individual Investors	312	3,74,400	0.90
TOTAL	372	14,48,400	1.65

Final Demand

SR.No.	BID PRICE	No. OF EQUITY SHARES BID FOR	% TO TOTAL	CUMULATIVE TOTAL	% OF CUMULATIVE TOTAL
1.	106	12,000	0.82	12,000	0.82
2.	108	1,200	0.08	13,200	0.90
3.	114	12,16,800	83.46	12,30,000	84.36
4.	Cutoff	2,28,000	15.64	14,58,000	100.00
	Total	14,58,000	100.00

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Ltd on December 08,2016.

A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs.114/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 48,000 Equity shares in full out of reserved portion of 48,000 Equity Shares.

B. Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotmentto the Retail Individual Investors, at the issue price of Rs. 114/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 0.85 times. Total number of shares allotted in this category is 351600 Equity Shares. The category wise basis of allotment is as under:

No. of Shares Applied for (Category wise)	No. Of Applications received	% to total	Total No. of Equity Shares applied	% to total	Proportionate Shares Available	Allocation per Applicant (Before Rounding Off)	Allocation per Applicant (After Rounding Off)	Ratio of Allottees to the Applicants	Total No. of Equity Shares allotted	Surplus/ (Deficit)*
1,200	293	100	3,51,600	100	4,14,000	1,200.00	1,200	1:1	3,51,600	62,400

*The under subscribed 62400 shares from Retail Individual Investors Category have been spilled over to Other than Retail Individual Investors Category.

C. Allocation to Other than Retail Individual Investor (After Technical Rejections): The Basis of Allotmentto other than Retail Individual Investors, at the issue price of Rs 114/- per Equity Share, was finalized in consultation with BSE Limited. The category was subscribed by 2.15 times. Total number of shares allotted in this category is 4,76,400 Equity Shares. The category wise basis of allotment is as under:

No. of Shares Applied for (Category wise)	No. of Applications received	% to total	Total No. of Equity Shares applied	% to total	Proportionate Shares Available*	Allocation per Applicant (Before Rounding Off)	Allocation per Applicant (After Rounding Off)	Ratio of Allottees to the Applicants	Total No. of Equity Shares allotted	Surplus/ (Deficit)
2,400	12	20.34	28,800	2.81	13,373	1,114.39	1,200	1:1	14,400	1027
3,600	7	11.86	25,200	2.46	11,701	1,671.58	1,200	1:1	8,400	-3301
3,600							1,200	3:1	3,600	3600
4,800	6	10.17	28,800	2.81	13,373	2,228.77	2,400	1:1	14,400	1027
6,000	5	8.47	30,000	2.92	13,930	2,785.96	2,400	1:1	12,000	-1930
7,200	1	1.69	7,200	0.70	3,343	3,343.16	3,600	1:1	3,600	257
8,400	3	5.08	25,200	2.46	11,701	3,900.35	3,600	1:1	10,800	-901
9,600	2	3.39	19,200	1.87	8,915	4,457.54	4,800	1:1	9,600	685
10,800	1	1.69	10,800	1.05	5,015	5,014.74	4,800	1:1	4,800	-215
12,000	1	1.69	12,000	1.17	5,572	5,571.93	6,000	1:1	6,000	428
13,200	6	10.17	79,200	7.72	36,775	6,129.12	6,000	1:1	36,000	-775
21,600	2	3.39	43,200	4.21	20,059	10,029.47	9,600	1:1	19,200	-859
26,400	3	5.08	79,200	7.72	36,775	12,258.25	12,000	1:1	36,000	-775
40,800	1	1.69	40,800	3.98	18,945	18,944.56	19,200	1:1	19,200	255
43,200	3	5.08	1,29,600	12.63	60,177	20,058.95	20,400	1:1	61,200	1023
48,000	1	1.69	48,000	4.68	22,288	22,287.72	22,800	1:1	22,800	512
50,400	1	1.69	50,400	4.91	23,402	23,402.11	24,000	1:1	24,000	598
75,600	1	1.69	75,600	7.37	35,103	35,103.16	34,800	1:1	34,800	-303
87,600	1	1.69	87,600	8.54	40,675	40,675.09	40,800	1:1	40,800	125
96,000	1	1.69	96,000	9.36	44,575	44,575.44	44,400	1:1	44,400	-175
1,09,200	1	1.69	1,09,200	10.64	50,703	50,704.56	50,400	1:1	50,400	-303
Total	59	100	10,26,000	100	4,76,400	3,14,256.90	4,76,400		4,76,400	0.00

* includes original reservation of 414000 shares and spill over from Retail Individual Investors Category of 62400 shares.

The Board of Directors of the Company at its meeting held on December 08,2016 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE Limited and authorized corporate action for allotment of shares in dematerialized form to various successful applicants. The CAN and allotment advice and/or notices shall be dispatched to the address of the Applicants as registered with the depositories / as filled in the application form on or before December 13, 2016. Further, the instructions to SCSBs has been issued on December 09,2016 for unblocking of funds. The Equity Shares allocated to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. In case the same is not received within prescribed time, Investors may contact the registrar to the Issue at the address given below. The Company is taking steps to get the Equity Shares admitted for trading on the SME Platform of BSE within six working days from the date of the closure of the Issue. The Company has received listing approval on December 09,2016 and trading is proposed to commence on or before December 14,2016 subject on receipt trading approval from BSE Ltd.

INVESTORS PLEASE NOTE
The details of the allotment made will be hosted on the website of the Registrar to the Issue at www.bigshareonline.com .. All future correspondence in this regard may kindly be addressed to the Registrar quoting full name of the First/ Sole applicant, serial number of the Application Form, number of shares applied for and Bank Branch where the application had been lodged and payment details at the address of the Registrar given below:

BIGSHARE SERVICES PRIVATE LIMITED
E/2, Ansa Industrial Estate, Saki Vihar Road, Saki Naka, Andheri (East), Mumbai - 400 072
Tel: +91 22 40430200; Fax: +91 22 28475207; Email: ipo@bigshareonline.com
Website: www.bigshareonline.com; Investor Grievance Id: investor@bigshareonline.com
Contact Person: Babu Raphael; SEBI Registration No: INR000001385

Date: December 10,2016 Place: Mumbai, Maharashtra	For Majestic Research Services and Solutions Limited On behalf of the Board of Directors Sd/- Sarang Jayant Panchal Managing Director

MRSS FPO Basis of Allotment FAQs

Check the basis of allotment document above to know about how the shares are allocated in MRSS FPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).

The MRSS FPO basis of allotment (published above) tells you how shares are allocated to you in MRSS FPO and category wise demand of IPO share.

Visit the MRSS FPO allotment status page to check the number of shares allocated to your application.

MRSS FPO Basis of Allotment

MRSS FPO Basis of Allotment FAQs

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