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Review By Dilip Davda on June 26, 2015
Majestic Research Services and Solutions Ltd. (MRSS) is engaged in the business of market research and is a subsidiary of Majestic Market Research Support services Ltd (MMRS). Parent company has a global reach with presence in 18 countries of Middle East and APAC region. MRSS provides actionable insights to its clients and assist them in making better strategic decisions in their respective lines of business.
The company provides its services with integrity, respect and dedicated teamwork and is well equippted with advance technology. It has large online research panel, offers video streaming worldwide and can handle 15 participants/clients/groups at a time.
To part finance procurement of technology and working capital needs, the company is coming out with an IPO of 1120000 equity share of Rs. 10 each at a fixed price of Rs. 12.75 per share to mobilize Rs. 1.43 crore. Issue opens for subscription on 30.06.15 and will close on 02.07.15. Minimum application is to be made for 10000 shares and in multiples thereon, thereafter. Post allotment shares will be listed on BSE SME. Issue is lead managed by Pantomath Capital Advisors Pvt Ltd and registrar to the issue is Bigshare Services Pvt Ltd. Its current paid up equity capital of Rs. 3.00 crore with stand enhanced to Rs. 4.12 crore post IPO.
On performance front, for last two fiscals, the company earned net profit of Rs. 0.02 crore on a turnover of Rs. 0.48 crore (FY2013) and net profit of Rs. 0.20 crore on a turnover of Rs. 2.26 crore (FY 2014). For first nine months ended 31.12.14 it has posted net profit of Rs. 0.34 crore on a turnover of Rs. 3.81 crore. If we annualized these and attribute on fully diluted equity post IPO then asking price is at a P/E of 11 plus that appears to be reasonable.
On merchant banker’s front, this is the 11th IPO from its stable and its past seven mandates have given positive rewards to investors. The eighth IPO of Ambition that is closing on 30.06.15 and Jiya Eco-Products and M D Inducto still on.
Review By Dilip Davda on June 26, 2015
DISCLAIMER: No financial information whatsoever published anywhere here should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. My reviews do not cover GMP market and operators game plans. Readers must consult a qualified financial advisor before making any actual investment decisions, based the on information published here. With entry barriers, SEBI wants only well-informed investors to participate in such offers. With crazy listings in the recent past, SME IPOs drew the attention of investors across the board and lead to seer madness. However, as SME issues have entry barriers and continued low preference from the broking community, any reader taking decisions based on any information published here does so entirely at their own risk. The above information is based on information available as of date coupled with market perceptions. The Author has no plans to invest in this offer.
About Dilip Davda
Dilip Davda is veteran journalist associated with stock market since 1978. He is contributing to print and electronic media on stock markets/insurance/finance since 1985.
Dilip Davda is a leading reviewer of public issues and NCDs in the primary stock market in India. The knowledge he gained over 3 decades while working in the stock market and a strong relationship with popular lead managers makes his reviews unique. His detail fundamental and financial analysis of companies coming up with IPO helps investors in the primary stock market. Dilip Davda has a special interest in analyzing the SME companies and writing reviews about their public issues. His reviews are regularly published online and in news papers.
(Dilip Davda -SEBI registered Research Analyst-Mumbai,
Registration no. INH000003127 (Perpetual)
Email id: dilip_davda@rediffmail.com ).
The initial public offer (IPO) of MRSS India offers an early investment opportunity in MRSS India. A stock market investor can buy Majestic Research IPO shares by applying in IPO before MRSS India shares get listed at the stock exchanges. An investor could invest in Majestic Research IPO for short term listing gain or a long term.
Read the Majestic Research IPO recommendations by the leading analyst and leading stock brokers.
Majestic Research IPO offers an opportunity to buy IPO shares before they get listed at the stock exchanges. Read the Majestic Research IPO Notes, Analysis and Recommendations by leading stock brokerage firms and experts in the above answer.
Our recommendation for Majestic Research IPO is to subscribe for long term.
As per the analysis by our lead analyst Mr. Dilip Davda, we suggest you to subscribe for long term to the Majestic Research IPO.
The Majestic Research IPO allotment status will be available on or around [.]. The allotted shares will be credited in demat account by [.]. Visit Majestic Research IPO allotment status to check.
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