Bookbuilding IPO | ₹20 Cr | Listed at NSE SME | Mon, Jan 15, 2024 - Wed, Jan 17, 2024
Maxposure IPO is a book build issue of ₹20.26 crores. The issue is entirely a fresh issue of 0.61 crore shares of ₹20.26 crore.
Maxposure IPO bidding started from Jan 15, 2024 and ended on Jan 17, 2024. The allotment for Maxposure IPO was finalized on Jan 18, 2024. The shares got listed on NSE SME on Jan 23, 2024.
Maxposure IPO price band is set at ₹33 per share. The lot size for an application is 4,000. The minimum amount of investment required by an retail is ₹1,32,000 (4000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (8,000 shares), amounting to ₹2,64,000.
GYR Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Giriraj Stock Broking Pvt.Ltd..
Refer to Maxposure IPO RHP for detailed Information.
IPO Open
Mon, Jan 15, 2024
IPO Close
Wed, Jan 17, 2024
Issue Price
₹33 per share
Market Cap (Pre-IPO)
₹75.05 Cr
| IPO Date | 15 to 17 Jan, 2024 |
| Listed on | Tue, Jan 23, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹31 to ₹33 |
| Issue Price | ₹33 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 61,40,000 shares (agg. up to ₹20 Cr) |
| Reserved for Market Maker | 3,72,000 shares Giriraj Stock Broking Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 57,68,000 shares (agg. up to ₹19 Cr) |
| Net Offered to Public | 57,68,000 shares (agg. up to ₹19 Cr) |
| Share Holding Pre Issue | 1,66,00,950 shares |
| Share Holding Post Issue | 2,27,40,950 shares |
| NSE Symbol | MAXPOSURE |
| ISIN | INE0ECC01022 |
Maxposure IPO comprises a total issue size of 61,40,000 shares. The net offer to the public is 57,68,000 shares, after excluding 3,72,000 shares allotted on a firm basis. Of the Net offer 28,40,000 (49.24%) are allocated to QIB, 8,80,000 (15.26%) allocated to NII 20,48,000 (35.51%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 28,40,000 | 49.24% | 46.25% |
| − Anchor Investor Shares Offered | 17,00,000 | 27.69% | |
| − QIB (Ex. Anchor) Shares Offered | 11,40,000 | 18.57% | |
| NII (HNI) Shares Offered | 8,80,000 | 15.26% | 14.33% |
| Retail Shares Offered | 20,48,000 | 35.51% | 33.36% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,72,000 | 6.06% | |
| Total Shares Offered | 61,40,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹1,32,000 |
| Retail (Max) | 1 | 4,000 | ₹1,32,000 |
| HNI (Min) | 2 | 8,000 | ₹2,64,000 |
Maxposure IPO raises ₹5.61 crore from anchor investors. Maxposure IPO Anchor bid date is January 12, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, Jan 12, 2024 |
| Shares Offered | 17,00,000 |
| Anchor Portion (₹ Cr.) | 5.61 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Feb 17, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Apr 17, 2024 |
Incorporated in August 17, 2006 Maxposure Limited is a company that provides personalized media and entertainment services across various platforms. They specialize in Inflight Entertainment, Content Marketing, Technology, and Advertising.
The Mumbai-based lab facility of the company offers a range of services, including custom editing, metadata creation, duplication, audio enhancement, encoding/transcoding in any format for any system, and post-production services.
The services are categorized into four main groups: inflight entertainment, content marketing, technology, and advertising.
"The company has a wide sales network across India and has established offices in Delhi, Mumbai, Bengaluru, and Kolkata. It has also successfully launched and managed projects outside India, particularly in the Indian subcontinent and the Middle East. These projects include Gulf Air (Kingdom of Bahrain), Air Arabia (Sharjah), VFS (UAE), Jazeera Airways (Kuwait), among others.
During the three-month period ending September 30, 2023, and the financial years 2023, 2022, and 2021, the company earned revenues of ₹1726.28 lakhs, ₹2835.08 lakhs, ₹2815.85 lakhs, and ₹1940.76 lakhs, respectively, from domestic operations. The company also earned revenues of ₹289.86 lakhs, ₹343.84 lakhs, ₹452.15 lakhs, and ₹75.09 lakhs, respectively, from international operations."
The company currently has 81 employees on its payroll as of October 31, 2023.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 53.55 | 48.79 | 44.85 | 40.10 |
| Total Income | 20.59 | 33.56 | 33.21 | 22.47 |
| Profit After Tax | 3.71 | 4.41 | 0.35 | 0.36 |
| NET Worth | 34.78 | 31.14 | 26.66 | 26.31 |
| Reserves and Surplus | 31.46 | 27.75 | 23.34 | 22.99 |
| Total Borrowing | 4.62 | 3.34 | 2.94 | 4.19 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding of expenses proposed to be incurred towards obtaining various certifications from the Federal Aviation Administration (“FAA”) and the European Union Aviation Safety Agency (“EASA”) for Wireless Streaming Server (“AeroHub”) and Patented Inviseo tray table | 3.50 |
| 2 | Funding working capital requirements of the Company for manufacturing the Proposed Products and the working capital requirements of the Company in the ordinary course of business | 8.50 |
| 3 | Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company | 2.50 |
| 4 | General corporate purposes | 3.82 |
| KPI | |
|---|---|
| ROE | 14.39% |
| ROCE | 19.55% |
| Debt/Equity | 0.03 |
| RoNW | 14.20% |
| PAT Margin | 13.88% |
| Price to Book Value | 1.59 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 2.66 | 3.26 |
| P/E (x) | 12.42 | 10.12 |
| Promoter Holding | 84.35% | 61.58% |
| Market Cap | ₹75.05 Cr. |
The Maxposure IPO is subscribed 987.47 times on January 17, 2024 5:07:00 PM (Day 3). The public issue subscribed 1,034.23 times in the retail category, 162.35 times in the QIB category, and 1,947.55 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 162.35 | 11,40,000 | 18,50,76,000 |
| NII* | 1,947.55 | 8,80,000 | 1,71,38,44,000 |
| Retail | 1,034.23 | 20,48,000 | 2,11,81,12,000 |
| Total | 987.47 | 40,68,000 | 4,01,70,32,000 |
Total Application : 5,29,528
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue management fees including fees and reimbursements of Market Making fees and payment to other Intermediaries such as Legal Advisors to the IPO, Registrars and other out of pocket expenses. | 1.29 |
| 2 | Marketing and Selling Commission and expenses | 0.01 |
| 3 | Advertising and marketing expenses | 0.11 |
| 4 | Printing and distribution of issue stationery | 0.02 |
| 5 | Listing fees | 0.01 |
| 6 | SEBI and NSE processing fees | 0.01 |
| 7 | Book Building software fees | 0.04 |
| 8 | Other regulatory expenses | 0.10 |
| 9 | Miscellaneous | 0.37 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹33.00 |
| Open | ₹145.00 |
| Low | ₹137.75 |
| High | ₹145.00 |
| Last Trade | ₹137.75 |
Lead Manager Reports
Maxposure IPO is a SME IPO of 61,40,000 equity shares of the face value of ₹10 aggregating up to ₹20 Crores. The issue is priced at ₹33 per share. The minimum order quantity is 4000.
The IPO opens on Mon, Jan 15, 2024, and closes on Wed, Jan 17, 2024.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Maxposure IPO using UPI as a payment gateway. Zerodha customers can apply in Maxposure IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Maxposure IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Maxposure IPO opens on Mon, Jan 15, 2024 and closes on Wed, Jan 17, 2024.
Maxposure IPO lot size is 4000, and the minimum amount required for application is ₹1,32,000.
You can apply in Maxposure IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Maxposure IPO will be done on Thursday, January 18, 2024, and the allotted shares will be credited to your demat account by Fri, Jan 19, 2024. Check the Maxposure IPO allotment status.
The Maxposure IPO listing date is on Tue, Jan 23, 2024.
