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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 ₹33.00 per share . The lot size for an application is 4,000. The minimum amount of investment required by an retail is ₹1,24,000 (4000 shares). The minimum lot size investment for 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 Date | January 15, 2024 to January 17, 2024 |
| Listing Date | January 23, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹31 to ₹33 per share |
| Issue Price Final | ₹33 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 61,40,000 shares (aggregating up to ₹20.26 Cr) |
| Reserved for Market Maker | 3,72,000 shares Giriraj Stock Broking Pvt.Ltd. (aggregating up to ₹1.23 Cr) |
| Net Offered to Public | 57,68,000 shares (aggregating up to ₹19.03 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,66,00,950 shares |
| Share Holding Post Issue | 2,27,40,950 shares |
Maxposure IPO offers total 61,40,000 shares. Out of which 28,40,000 (46.25%) allocated to QIB, 11,40,000 (18.57%) allocated to QIB, 8,80,000 (14.33%) allocated to NII, 20,48,000 (33.36%) allocated to RII and 17,00,000 (27.69%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,72,000 (6.06%) |
| QIB Shares Offered | 28,40,000 (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 (14.33%) |
| Retail Shares Offered | 20,48,000 (33.36%) |
| Total Shares Offered | 61,40,000 (100.00%) |
Maxposure IPO raises ₹5.61 crore from anchor investors. Maxposure IPO Anchor bid date is January 12, 2024. Maxposure IPO Anchor Investors list
| Bid Date | January 12, 2024 |
| Shares Offered | 17,00,000 |
| Anchor Portion Size (In Cr.) | 5.61 |
| Anchor lock-in period end date for 50% shares (30 Days) | February 17, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | April 17, 2024 |
Maxposure IPO opens on January 15, 2024, and closes on January 17, 2024.
| IPO Open Date | Mon, Jan 15, 2024 |
| IPO Close Date | Wed, Jan 17, 2024 |
| Tentative Allotment | Thu, Jan 18, 2024 |
| Initiation of Refunds | Fri, Jan 19, 2024 |
| Credit of Shares to Demat | Fri, Jan 19, 2024 |
| Tentative Listing Date | Tue, Jan 23, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Jan 17, 2024 |
Investors can bid for a minimum of 4,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
Maxposure Limited's revenue increased by 1.03% and profit after tax (PAT) rose by 1162.04% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 5,355.21 | 4,878.51 | 4,485.18 | 4,009.97 |
| Total Income | 2,059.05 | 3,355.55 | 3,321.31 | 2,247.27 |
| Profit After Tax | 370.83 | 441.21 | 34.96 | 36.22 |
| Net Worth | 3,478.21 | 3,114.34 | 2,666.17 | 2,631.21 |
| Reserves and Surplus | 3,146.19 | 2,775.36 | 2,334.15 | 2,299.19 |
| Total Borrowing | 462.31 | 333.76 | 293.65 | 418.52 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Maxposure IPO is ₹75.05 Cr.
| KPI | Values |
|---|---|
| ROE | 14.39% |
| ROCE | 19.55% |
| Debt/Equity | 0.03 |
| RoNW | 14.20% |
| Price to Book Value | 1.59 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 2.66 | 3.26 |
| P/E (x) | 12.42 | 10.12 |
The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:
[Dilip Davda] After listless performances for FY21 and FY22, it marked bumper profits with rise in top lines. Considering the changed lifestyle and rising air travel, this company may have bright prospects ahead, but all will depend on future trends. Based on last 18 months working, the issue appears fully priced. The sustainability of margins going forward is a major concern. Well-informed investors may park funds for the medium to long term rewards. Read detail review...
| Listing Date | January 23, 2024 |
| BSE Script Code | |
| NSE Symbol | MAXPOSURE |
| ISIN | INE0ECC01022 |
| Final Issue Price | ₹33 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹33.00 |
| Open | ₹145.00 |
| Low | ₹137.75 |
| High | ₹145.00 |
| Last Trade | ₹137.75 |
Maxposure Ltd.
Ground Floor, 62,
Okhla Industrial Estate,
Phase-3
South Delhi, New Delhi, 11002
Phone: +91 114 301 1111
Email: info@maxposuremedia.com
Website: https://maxposuremedia.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Maxposure IPO is a SME IPO of 61,40,000 equity shares of the face value of ₹10 aggregating up to ₹20.26 Crores. The issue is priced at ₹33 per share. The minimum order quantity is 4000.
The IPO opens on January 15, 2024, and closes on January 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 January 15, 2024 and closes on January 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 Friday, January 19, 2024. Check the Maxposure IPO allotment status.
The Maxposure IPO listing date is on Tuesday, January 23, 2024.
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