MRSS - Niche Market Research play


(d.investor) #148

Focus Suits Solutions & Services Ltd is coming out with a SME IPO and has MRSS as its promoters. Can anyone regularly tracking this company highlight the future prospects of this company?


#149

MRSS is not the promoter. MRSS’s promoter is the promoter. so, in a way, its a sister company


(d.investor) #150

Do you have a view on this new IPO?


#151

no sir i dont.
doesnt meet my margin parameters


(D A PATEL) #152

is there any effect on MRSS due to new IPO


(rvetri) #153

As i see, only Raj sharma is a non executive director in the new sme Co…
Looks like there is no official connect between mrss and the new Co… My
best guess is, this new Co may become an outsourced retail customer facing
front office for mrss… If that happens mrss costs could still go down…


(d.investor) #154


This page from the RHP puts Majestic MRSS as the sole promoter of the company
(the complete RHP of the issue can be found here: “http://www.focus-suites.com/wp-content/uploads/2017/12/Draft-Prospectus-Focus-Final.pdf”)


(rvetri) #155

To my knowledge Majestic MRSS is the parent Co of mrss… If that is the
case, then mrss and this new SMe Co shall be sister cos… People who have
more info can comment…


(Parth2013) #156

What you mean sir by saying it’s cost come down ??
Are you talking about financial cost ??


(rvetri) #157

Yes… If mrss outsources part of its activities, it will be cheaper for
them…


(Parth2013) #158

Okkk sir thanks.
But currently mrss outsource focus’s technology???


(harishm) #159

If you look at the prospectus of the Focus Suites, it looks so much like the copy of MRSS. Below are few of the
screenshots of MRSS Prospectus (left) vs that of the Focus Suites(right).

How long with their methods continue to evolve. Why can’t they even get a trademark?

I still dont understand why they have so many entities which can result in a conflict of interest. Why they still dont have clearly defined business which are less overlapping in nature? Is it too much to ask?

I looked at their website (http://www.focus-suites.com) and found really shoddy and incomplete. Click on any link and you find nothing over there. It feels that they have just created the website and forgot that they did. Their contact address is of Bangalore but the number is of Mumbai. why? Even their Facebook page has just an icon uploaded with even the basic information about them is not filled up. All of this would have been OK if it was a roadside retailer trying to make his presence felt online but for a company which boasts its presence in 18 countries, this is totally unacceptable. This is not a tiny startup, MRSS is its promotor company. A website like this by a reputed company, esp. a day before its IPO is a total show of arrogance or incompetence - I don’t know which one. I feel let down by this company.

Disc: Still invested in MRSS.


(harishm) #162

While the subsidiary’ IPO has gained well irrespective of all the flaws and issues, the parent company, MRSS, is sliding every day for the last few days. Anything that the market knows that we don’t know?


(phreak) #163

Dec 29 - https://www.bseindia.com/corporates/anndet_new.aspx?newsid=a2996fbc-4100-423f-99f5-0eb4d3654606

Preferential allotment of 30k shares to promoter at Rs.250. Market price on the day was Rs.330. Why and how was such a low price allowed? Isn’t this against SEBI guidelines? (Price by the guidelines should be much higher going by last 2 week avg which should be higher than the other longer period avg.). I feel this should have been Rs.350 and not Rs.250. This is a red flag isn’t it?

Then there were a lot of pointless dispatches as the price started falling.

Dec 15 - https://www.bseindia.com/xml-data/corpfiling/AttachHis/a6239769-72a1-4b73-a902-dd8e18e9d390.pdf

Jan 1 - https://www.bseindia.com/xml-data/corpfiling/AttachHis/b6e0e503-55b6-4b8b-9186-83a39810656c.pdf

Jan 9 - https://www.bseindia.com/xml-data/corpfiling/AttachHis/95facd61-cd5f-4a38-a235-e0679a532ede.pdf

Jan 18 - https://www.bseindia.com/xml-data/corpfiling/AttachHis/7ba3b834-2584-486f-a325-3f3e5eeaa7b7.pdf

Jan 23 - https://www.bseindia.com/xml-data/corpfiling/AttachHis/b8ad475a-4237-4396-8993-8883cffb4845.pdf

Jan 29 - https://www.bseindia.com/xml-data/corpfiling/AttachHis/adb78bc7-b422-4821-9ef9-395f19ac2d0f.pdf

Was this distribution due to promoter selling? Price has fallen from Rs.400 to Rs.210 now. Curious thing is that there is no shareholding pattern released for Q3 yet which is where the price started falling. Previously the company seems to have released shareholding pattern within 2-3 weeks of the quarter ending and sometimes in-between quarters too. There are no disclosures of promoter selling but if the cost for non-disclosure/late-disclosure is less than the benefit of selling at peak over-valuation, wouldn’t someone exploit it?


(AmitContrarian) #164

@thestocklady Are you in or already out of this stock ?


(harishm) #165

Nice digging @phreakv6.Here is what it says in the document.

image

I could not find the wording of the regulation which specifies what could be the price the share after a bonus has been issued.


(rvetri) #166

This price of Rs 250 ( Rs 500 pre bonus ) was decided when the pre bonus
stock price was Rs 475. So, the stocks were allotted at a premium. At the
point of allotment, the stock price was higher. This happens with many
stocks in a bull market. Infact, if company had gone by the SEBI formula,
the CEO must have got the stock at Rs 200 and not Rs 250


#167

Wait for SHP…too early to say !


(JKS) #168

Any update on the date of movement to BSE main board? The slide has continued non stop. Given the small equity base, who might be selling? The volumes are not high but it is still falling.
Disc - min holding


(D A PATEL) #169

what is the outcome of meeting with Valorem Advisors held on 22.03.2018 ? any body know, please share.