June 30, 2015 - July 2, 2015

Majestic Research IPO Basis of Allotment

MAJESTIC RESEARCH SERVICES AND SOLUTIONS LIMITED

Our Company was incorporated as 'Majestic Research Services and Solutions Private Limited' under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated May 2,2012 bearing Registration No. 063818 issued by Registrar of Companies, Karnataka. Subsequently our Company was converted into a public limited company vide fresh Certificate of Incorporation dated August 11,2014 and the name of our Company was changed to 'Majestic Research Services and Solutions Limited'. The Corporate Identity Number of our Company is U72200KA2012PLC063818. 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 54 and 118 respectively of the Prospectus.

Registered Office: 2nd, Floor, Kalpak Arcade, Number 46/17, Church Street, Bangalore - 560 001, Karnataka Tel.: +91 80 41757500; Fax:+91 80 41757500; Email: info@mrssindia.com; Website: www.mrssindia.com Corporate Identity Number: U72200KA2012PLC063818; Contact Person: Sonali Gamne, Company Secretary and Compliance Officer Promoters of our Company: Majestic Market Research Support Services Limited, Rajendra Kumar Sharma and Sarang Jayant Panchal

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 11,20,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FULLY PAID FOR CASH AT A PRICE OF RS.12.75 PER EQUITY SHARE, INCLUDING A SHARE PREMIUM OF RS. 2.75 PER EQUITY SHARE (THE 'ISSUE PRICE') AGGREGATINGRS. 142.80 LAKHS ('THE ISSUE') BY OUR COMPANY, OF WHICH 70,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH WILL BE RESERVED FOR SUBCRIPTION BY MARKET MAKER TO THE ISSUE (THE 'MARKET MAKER RESERVATION PORTION'). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I. E. ISSUE OF 10,50,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 27.17% AND 25.47%, RESPECTIVELY OF THE POST ISSUE PAID UP CAPITAL OF THE COMPANY.

In terms of Prospectus dated June 24,2015 as per Regulation 43 (4) of SEBI (ICDR) Regulations, 2009 wherein a minimum of 50% of the Net Offer to Public shall initially be made available to Retail Individual Investors. The balance net offer of shares to the public shall be made available for allotment to a) individual applicants other than retail investors and b) other investors including corporate bodies / institutions irrespective of no. of shares applied for. The unsubscribed portion of the net offerto any one of the categories specified in (a) or (b) shall/may be made available for allocation 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.

THE FACE VALUE OF EQUITY SHARES IS RS. 10 EACH. THE ISSUE PRICE IS RS. 12.75. THE ISSUE PRICE IS 1.275 TIMES OF THE FACE VALUE.ISSUE OPENED ON JUNE 30,2015 AND CLOS1ED ON JULY 02,2015

The Equity Shares offered through the Prospectus are proposed to be listed on the SME platform of BSE Limited ('BSE') in terms of the chapter XB of the SEBI (ICDR) Regulations, 2009 as amended from time to time. The Company is not required to obtain an in-principle approval for the shares being offered in this Issue. However, the Company has received an approval letter dated October 22,2014 from BSE for using its name in the Prospectus for listing of our Shares on SME Platform of BSE. The designated stock exchange is BSE Limited.
All Applicants were allowed to participate in the Issue through APPLICATION SUPPORTED BY BLOCKED AMOUNT ('ASBA') process by providing the details of the respective bank accounts in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the 'SCSBs').

SUBSCRIPTION DETAILS

The Issue has received 152 applications for 2170000 Equity shares (including Market Maker Application of 70000 Equity Shares) resulting 1.94 times subscription. After considering, a Cheque Return, Withdrawals and Technical / Multiple Rejection cases, the Issue was subscribed 1.89 times (including the Market Maker Portion). The details of application received (Before Technical Rejection & withdrawal of application but after Cheque returns)

CATEGORY	NUMBER OF APPLICATIONS	NUMBER OF EQUITY SHARES	SUBSCRIPTION
Market Makers	1	70,000	1.00
Other than Retail Individual Investors	11	7,00,000	1.33
Retail Individual Investors	138	13,80,000	2.63
TOTAL	150	21,50,000	1.92

The details of applications rejected by the Registrar on technical grounds (including withdrawals) are detailed below:

CATEGORY	NUMBER OF APPLICATIONS	NUMBER OF EQUITY SHARES
Market Makers	-	-
Other than Retail Individual Investors	-	-
Retail Individual Investors	3	30,000
TOTAL	3	30,000

Detail of the Applications Received (After Technical Rejection & withdrawal):

CATEGORY	NUMBER OF APPLICATIONS	NUMBER OF EQUITY SHARES	SUBSCRIPTION	REVISED SUBSCRIPTION
Market Makers	1	70,000	1.00	1.00
Other than Retail Individual Investors	11	7,00,000	1.33	2.00
Retail Individual Investors	135	13,50,000	2.57	1.93
TOTAL	147	21,20,000	1.89	1.89

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE on July 13,2015
A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs. 12.75/- 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 70000 Equity shares in full out of reserved portion of 70000 Equity Shares.
B. Allocation to Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs. 12.75/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.93 times. Total number of shares allotted in this category is 700000 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	Ratio of Allottees to the Applicants	Total No. of Equity Shares allotted	Surplus/ (Deficit)
10,000	135	100.00	13,50,000	100.00	7,00,000	5185.19	14:27	7,00,000	0

C. Allocation to Other than Retail Individual Investor (After Technical Rejection and Withdrawal): The Basis of Allotment to other than Retail Individual Investors, at the issue price of Rs 12.75 /- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 2.00 times. Total number of shares allotted in this category is 350000 Eauitv 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)
20,000	5	45.45	1,00,000	14.29	50,000	10,000	10,000	1:1	50,000	0
30,000	1	9.09	30,000	4.29	15,000	15,000	20,000	1:1	20,000	5000
1,10,000	3	27.27	3,30,000	47.14	1,65,000	55,000	50,000	1:1	1,50,000	(15000)
1,10,000							10,000	1:3	10,000	10000
1,20,000	2	18.18	2,40,000	34.29	1,20,000	60,000	60,000	1:1	1,20,000	0
Total	11	100.00	7,00,000	100.00	3,50,000				3,50,000	0

The Board of Directors of the Company vide resolution by circulation dated July 14,2015 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE and authorized corporate action for allotment of shares in dematerialized form to various successful applicants.
The CAN-cum-Ref und Orders and allotment advice and/or notices are being dispatched to the address of the Applicants as registered with the depositories/ as filled in the application form on or before July 15,2015. Further, the instructions to SCSBs have been processed on July 14,2015. In case the same is not received within 10 days, investors may contact at the address given below. 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. The Company is taking steps to get the Equity Shares admitted for trading on the SME Platform of BSE within Twelve working days from the date of the closure of the Issue.The trading is proposed to commence on or before 16 July 2015 subject to receipt of listing and trading approvals from BSE.
ADDENDUM TO THE PROSPECTUS DATED JUNE 24,2015 - Notice to Investors
In relation to the Issue, our Company has filed the Prospectus dated June 24,2015 with the Registrar of Companies, Karnataka ('RoC'), BSE Limited and Securities and Exchange Board of India. All capitalized terms used in this addendum notice shall, unless the context otherwise required, have the meaning as ascribed in the Prospectus. Investors may note the following changes to the disclosures in the Prospectus. In the section titled 'Issue Information' beginning on page 196 of the Prospectus, the Lot Size of the Company shall be read as 10,000 Equity Shares instead of 2,000 Equity Shares.
INVESTORS PLEASE NOTE
The details of the allotment made would also 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

Date: July 14,2015 Place: Mumbai, Maharashtra	For Majestic Research Services and Solutions Limited On behalf of the Board of Directors Sd/- Sarang Panchal Managing Director

Majestic Research IPO Basis of Allotment FAQs

The IPO allocation is based on the subscription level and the investor category.

Refer to IPO allotment rules and methods for more details.

See the basis of allotment document above to know how the shares are allocated in Majestic Research IPO .

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

Visit the Majestic Research IPO allotment status page to check the number of shares allocated to your application.

In Majestic Research IPO allotment process, the registrar separates valid and invalid applications. The invalid applications with technical errors are rejected and only valid applications at or above the cut-off price are considered for allotment.

For more information, please refer to IPO Allotment Process and Basis of Allotment.

Check the Majestic Research IPO basis of allotment document to know how the shares are allocated in Majestic Research IPO.

Majestic Research IPO Basis of Allotment

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