Majestic Research Services & Solutions Ltd IPO

IPO Synopsis

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.