The Maxposure date has been confirmed from January 15, 2024 and closes on January 17, 2024.
Maxposure Developers IPO is a fixed price issue of Rs 20.26 crores. The price band is set at ₹31 to ₹33 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹132,000. The minimum lot size investment for HNI is 2 lots (8,000 shares) amounting to ₹264,000.
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Bidding Dates
Dec 29-Jan 3
Price Range
₹31 to ₹33 per share
Face Value
₹10 per share
GMP
₹80
Maxposure IPO GMP
The Maxposure IPO GMP is ₹80.
IPO Overview
Maxposure’s IPO is a book-built issuance worth Rs 20.26 crore. The offering is wholly new, consisting of 61.4 lakh shares. Maxposure’s initial public offering (IPO) will be available for subscription on January 15, 2024, and will close on January 17. The allotment for the Maxposure IPO is expected to be completed on Thursday, January 18, 2024. Maxposure IPO will be listed on NSE SME, with a tentative listing date of Monday, January 22, 2024. Maxposure’s IPO pricing range is set at ₹31 to ₹33 per share. The minimum lot size for an application is 4000 shares. The minimum investment for retail investors is ₹132,000. The minimum investment for HNI is 2 lots (8,000 shares) worth ₹264,000.
Domestic operations generated revenues of ₹1726.28 lakhs, ₹2835.08 lakhs, ₹2815.85 lakhs, and ₹1940.76 lakhs for the three-month period ending September 30, 2023, as well as the fiscal years 2023, 2022, and 2021. The company generated earnings of ₹289.86 lakhs, ₹343.84 lakhs, ₹452.15 lakhs, and ₹75.09 lakhs from international operations. As of October 31, 2023, the company’s payroll included 81 employees.
Maxposure IPO Details
| IPO Date | January 15, 2024 to January 17, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹31 to ₹33 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 6,140,000 shares (aggregating up to ₹20.26 Cr) |
| Fresh Issue | 6,140,000 shares (aggregating up to ₹20.26 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 16,600,950 |
| Share holding post issue | 22,740,950 |
| Market Maker portion | 372,000 shares |
Maxposure Limited Financial Information
| 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 |
| Revenue | 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 |
Maxposure IPO Timeline
| IPO Open Date | Monday, January 15, 2024 |
| IPO Close Date | Wednesday, January 17, 2024 |
| Basis of Allotment | Thursday, January 18, 2024 |
| Initiation of Refunds | Friday, January 19, 2024 |
| Credit of Shares to Demat | Friday, January 19, 2024 |
| Listing Date | Monday, January 22, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 17, 2024 |
Company Profile
Maxposure Limited, founded in August 2017, is a firm that offers personalised media and entertainment services across many platforms. They focus on in-flight entertainment, content marketing, technology, and advertising. The company’s Mumbai lab facility provides a variety of services, including bespoke editing, metadata development, duplication, audio enhancement, encoding/transcoding in any format for any system, and post-production. The services are divided into four major categories: inflight entertainment, content marketing, technology, and
advertising. The company has a large sales network across India, including offices in Delhi, Mumbai, Bengaluru, and Kolkata. It has also successfully established and managed projects outside India, primarily in the Indian subcontinent and the Middle East. These ventures include Gulf Air (Kingdom of Bahrain), Air Arabia (Sharjah), VFS (UAE), and Jazeera Airways (Kuwait), among others.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | ipo@bigshareonline.com |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Maxposure Limited |
| Phone number | +91 114 301 1111 |
| Email ID | info@maxposuremedia.com |
| Website | maxposuremedia.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
