MRSS India files for FPO – the 1st ever on BSE SME platform

MRSS India, Indias 1st and only listed Market Research Company has filed a Draft Red Herring Prospectus dated September 1, 2016 (DRHP) with the Securities and Exchange Board of India (SEBI) for raising up to Rs. 100 million through Further Public Offering (FPO) of equity shares subject to requisite approvals, market conditions and other considerations.

Pantomath Capital Advisors (P) Ltd., a Category I Merchant Banker is the Book Running Lead Manager to the Issue.

“After being the 1st listed company in the Market Research industry; we are delighted to be the 1st to file for an FPO on the BSE SME Platform. We look forward to continue to reward our stakeholders,” commented Raj Sharma, Chairman of MRSSIndia.com.

“We are pleased to have filed the first ever FPO (Further Public Offering) in SME Capital Market. Our heartfelt compliments to MRSS India for taking this step. MRSS India has created many firsts in capital market and this is another milestone. We wish MRSS a grand success in this endeavour,” Mahavir Lunawat, Managing Director, Pantomath Capital Advisors, Merchant Bankers, remarked.

Source: India Today