Majestic Research Services & Solutions Ltd IPO

Closed

Subscription Details

  • Open Date 28 Nov
  • Close Date 05 Dec
  • Lot Size 1200
  • IPO Size ₹ 9.99 Cr
  • IPO Price Range ₹ 114
  • Min Investment ₹ 136800

Majestic Research Services & Solutions Ltd IPO Timeline

Open Date
28 Nov
Close Date
05 Dec
Basis of Allotment
-
Refunds
-
Credit to Demat Account
-
Listing Date
-

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.

How to apply for an IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

Contact Details of Majestic Research Services & Solutions Ltd IPO

Contact Information

Address

2nd Floor Kalpak Arcade,
46/17 Church Street,
Bangalore, Karnataka 560001

Majestic Research Services & Solutions Ltd IPO Lead Manager

Pantomath Capital Advisors Pvt Ltd
Open Demat Account