Grey Market Report:
as on 29 Jan 2018,Subject to : INR 10000.
Banglore based Focus Suits Solutions & Services Ltd is Market Research Company (Incorporated in 2017) offers Fieldwork, Panel Research and primary data collection services to the other Market Research Companies. They have team of project managers who handled the project execution of different fieldwork .The company helps its clients and assist them in making strategic decisions in their respective lines of business.
Majestic Market Research Support Services Limited
Main Objects of the Issue:
Investment in the subsidiaries ,to fund their working capital requirement
Issue Open: Jan 30, 2018
Issue closes on :Feb 1, 2018
Issue Type: Fixed Price Issue IPO
Issue Size: 3,608,000 Equity Shares of Rs 10 aggregating up to Rs 6.49 Cr
Face Value: Rs 10 Per Equity Share
Issue Price: Rs 18 Per Equity Share
Market Lot: 8000 Shares
Minimum Order Quantity: 8000 Shares
Listing At: BSE SME
on a consolidated basis,it has posted Revenue of Rs. 15.42 crore with a Net profit of Rs. 1.29 crore for 2016-17. For FY17 it has posted an EPS of Rs. 5.00 and RoNW of 28.37% on an equity base of Rs. 0.15 crore. Asking price is at reasonably priced.Issue is priced at a P/BV of 1.06 based on its NAV of Rs. 16.88 as on 31.07.17
PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED .This is the 58th mandate from its stable in last three fiscals. Out of last 10 listings, 1 opened around par and the rest with premiums ranging.
Kabir`s Belief: IPO is reasonably priced and has scope for speculative listing.