Business Standard

Majestic Research Services & Solutions Ltd - IPO

Issue Type

Book Building - SME

Issue Size (₹ Cr.)

9.99 cr

Price Range (₹)

114

Lot Size

1200

Min Investment (₹)

1,36,800.00

Listing Exchange

BSE - SME

Open Date

28-Nov-2016

Close Date

05-Dec-2016

Listing Date

14-Dec-2016

Majestic Research Services & Solutions Ltd News

    The Shares of Majestic Research Services & Solutions Ltd have now been listed.

    Majestic Research Services & Solutions Ltd IPO Details

    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 share premium of Rs. 104 per equity shares aggregating up to Rs. 9.99 Crores (the issue) by the company, of which 48,000 equity shares of Rs.10 each for cash at a price of Rs.114 per equity shares aggregating Rs.0.55 crores 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 Rs.10 each for cash at a price of Rs.114 per equity share, aggregating Rs.9.44 crores is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 17.53% and 16.57% respectively of the post issue paid up equity share capital of the company.The face value of equity share is Rs.10 each.The Price is Rs.114 and is 11.4 times the face value of the equity shares.

    Objective of issue

    Purchase of New Corporate Office. Civil Work and Interior expenses. Working capital requirements. General corporate purpose.

    Majestic Research Services & Solutions Ltd Contact Details

    Majestic Research Services & Solutions Ltd, E-2/3 Ansa Indl Est, Saki Vihar Road, Sakinaka Andheri(E), Mumbai - 400072

    Phone - 91-22-40430200/28470652

    Fax - 91-22-28475207

    Email - info@mrssindia.com

    Website - www.mrssindia.in