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Maxposure Limited IPO (Maxposure IPO) Detail

January 15, 2024 - January 17, 2024

Maxposure IPO is a book built issue of Rs 20.26 crores. The issue is entirely a fresh issue of 61.4 lakh shares.

Maxposure IPO bidding started from January 15, 2024 and ended on January 17, 2024. The allotment for Maxposure IPO was finalized on Thursday, January 18, 2024. The shares got listed on NSE SME on January 23, 2024.

Maxposure IPO 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.

GYR Capital Advisors Private Limited is the book running lead manager of the Maxposure IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Maxposure IPO is Giriraj Stock Broking.

Refer to Maxposure IPO RHP for detailed information.

Maxposure IPO Details

IPO Date January 15, 2024 to January 17, 2024
Listing Date January 23, 2024
Face Value ₹10 per share
Price Band ₹31 to ₹33 per share
Lot Size 4000 Shares
Total Issue Size6,140,000 shares
(aggregating up to ₹20.26 Cr)
Fresh Issue6,140,000 shares
(aggregating up to ₹20.26 Cr)
Issue Type Book Built Issue IPO
Listing At NSE SME
Share holding pre issue16,600,950
Share holding post issue22,740,950
Market Maker portion372,000 shares
Giriraj Stock Broking

Maxposure IPO Reservation

Maxposure IPO offers 6,140,000 shares. 1,140,000 (18.57%) to QIB, 880,000 (14.33%) to NII, 2,048,000 (33.36%) to RII and 1,700,000 (27.69%) to Anchor investors.

Investor Category Shares Offered
Anchor Investor Shares Offered1,700,000 (27.69%)
Market Maker Shares Offered372,000 (6.06%)
QIB Shares Offered1,140,000 (18.57%)
NII (HNI) Shares Offered880,000 (14.33%)
Retail Shares Offered2,048,000 (33.36%)
Total Shares Offered6,140,000 (100%)

Maxposure IPO Anchor Investors Details

Maxposure IPO raises Rs 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 1,700,000
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 Timeline (Tentative Schedule)

Maxposure IPO opens on January 15, 2024, and closes on January 17, 2024.

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 Tuesday, January 23, 2024
Cut-off time for UPI mandate confirmation 5 PM on January 17, 2024

Maxposure IPO Lot Size

Investors can bid for a minimum of 4000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 4000 ₹132,000
Retail (Max) 1 4000 ₹132,000
HNI (Min) 2 8,000 ₹264,000
Lot Size Calculator

Maxposure IPO Promoter Holding

The promoter of the company are Prakash Johari and Sweta Johari.

Share Holding Pre Issue 84.35%
Share Holding Post Issue 61.58%

About Maxposure Limited

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 Financial Information (Restated)

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 Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets5,355.214,878.514,485.184,009.97
Revenue2,059.053,355.553,321.312,247.27
Profit After Tax370.83441.2134.9636.22
Net Worth3,478.213,114.342,666.172,631.21
Reserves and Surplus3,146.192,775.362,334.152,299.19
Total Borrowing462.31333.76293.65418.52
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Maxposure IPO is Rs 75.05 Cr.

KPI Values
ROE14.39%
ROCE19.55%
Debt/Equity0.03
RoNW14.20%
P/BV1.59
Pre IPO Post IPO
EPS (Rs) 2.663.26
P/E (x) 12.4210.12
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2023 that is available in RHP.

Objects of the Issue (Maxposure IPO Objectives)

The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:

  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 (collectively referred to as the "Proposed Products");
  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;
  3. Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company; and
  4. General Corporate Purposes.

Maxposure IPO Review (May apply)

[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...


Maxposure IPO Subscription Status (Bidding Detail)

The Maxposure IPO is subscribed 987.47 times on January 17, 2024 5:07:00 PM. 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)

CategorySubscription (times)
QIB162.35
NII1,947.55
Retail1,034.23
Total987.47

Total Application : 529,528 (1,034.23 times)

Maxposure IPO Prospectus

Maxposure IPO Rating

6
4.2
Rating:Rated 4.2 stars
Vote Here ...

Maxposure IPO Listing Details

Listing Date January 23, 2024
BSE Script Code
NSE Symbol MAXPOSURE
ISIN INE0ECC01022
Final Issue Price ₹33 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
NSE SME
₹33.00
₹145.00
₹137.75
₹145.00
₹137.75

Check IPO Performance…

Maxposure Limited Contact Details

Maxposure Limited
Ground Floor, 62,
Okhla Industrial Estate, Phase-3
South Delhi, New Delhi - 110 020,
Phone: +91 114 301 1111
Email: info@maxposuremedia.com
Website: https://maxposuremedia.com/

Maxposure IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

Maxposure IPO - Buy or Not

Maxposure IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

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Maxposure IPO FAQs

Maxposure IPO is a SME IPO of 6,140,000 equity shares of the face value of ₹10 aggregating up to ₹20.26 Crores. The issue is priced at ₹31 to ₹33 per share. The minimum order quantity is 4000 Shares.

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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Maxposure IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

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 Shares, and the minimum amount required is ₹132,000.

You can apply in Maxposure IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, 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 January 23, 2024.
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Maxposure IPO Message Board

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389 Comments

175. Simply Vicky |   Link |  Bookmark |February 12, 2024 4:10:49 PM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
Exited today@104 with minimum loss rs.40000..my idea got through to ditch this stock as it broke rs.90 level.
It may correct deeper in coming days...i will reenter at much better price to recover my losses.
174. Parvesh Mehant |   Link |  Bookmark |February 7, 2024 6:42:27 AM
Aaj test ho jayega, kitna dum hai Maxposure mai.
173. Deepblue |   Link |  Bookmark |February 1, 2024 9:51:41 AM (200+ Posts)
Bottom hit. What's the target for this company?
173.1. Simply Vicky |   Link |  Bookmark |February 1, 2024 11:55:25 AM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
First it should cross 150...then 200 is short term target
172. K mantion bhiwani |   Link |  Bookmark |January 26, 2024 3:03:12 PM
Subject: Business Update - Maruti Suzuki India Limited, the country's leading passenger vehicle
manufacturer, has joined forces with Maxposure Limited
Symbol: - MAXPOSURE - MAXPOSURE LIMITED

What will be effect of this news. ?
171. SATENDRA |   Link |  Bookmark |January 25, 2024 3:20:32 PM
Guys, one my friends got maxposure ipo, but he wasn't able to sell on listing day....now last 2 days .lower circuit happening, tell us what need to be done....
171.1. Thoth |   Link |  Bookmark |January 25, 2024 9:58:31 PM
Why he did not sell on listing day.. If at any time listing is happening like that why not book profit and enjoy. What more is needed.
170. PK.Sharma |   Link |  Bookmark |January 25, 2024 10:56:23 AM
Hi. bhaiyo mujhe allot hua hai maxposure or ab sell ni kr paa rha buyers na hone ki wjha se ab kb tk atka rhna pdega mujhe isme or b koi trika hai kya nikne ka. or ye aage jake delist to ni ho jayga. anyone help plz?
169. KarmaTheLord |   Link |  Bookmark |January 24, 2024 10:32:41 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
No buyers, how can one sell even if got the allotment?
169.1. Parvesh Mehant |   Link |  Bookmark |January 25, 2024 10:17:47 AM
Had great chance to off load in pre open if allotted.
169.2. PK.Sharma |   Link |  Bookmark |January 25, 2024 11:01:15 AM
but bhai 23 ko tha pre open to ab buyers he nhi aa rhe.jb koi lene wala he nhi hai to beche kisko? fas gya first time sme lgaya tha knowledge thi nhi.
168. Kartikeyagrawal |   Link |  Bookmark |January 23, 2024 11:24:40 AM
Should I hold on to it or book profit? What's your view on this? Will this go more
168.6. Piyushh |   Link |  Bookmark |January 23, 2024 10:48:21 PM
@Kartikeyagrawal Bhiya Please Help Me God ji kre Apko Aur ipo mile Kaise Apko Mila kon Sa Retail Or Hni try kiye kish (Day)Pr kiye Aap??

Kya 2 Id sai lgaye thee Please Help Your Juniors!👏
168.7. Kartikeyagrawal |   Link |  Bookmark |January 24, 2024 8:29:32 AM
Hni
167. Morning Star 💫 |   Link |  Bookmark |January 23, 2024 8:32:36 PM
How long can we hold Maxposure or should exit ASAP?
166. Mr. Agrawal |   Link |  Bookmark |January 23, 2024 9:48:36 AM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
Anyone bought today ??? 15.6 L shares exchanged hands .. ? No one from this forum ???
166.2. Mr. Agrawal |   Link |  Bookmark |January 23, 2024 12:16:55 PM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
@Venkatram Aap kaushalya logistics mai bhi ho ?? Can you please review how it is for long term ?
166.3. Venkatram |   Link |  Bookmark |January 23, 2024 12:31:50 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Kaushalya though the business seems great from the overview provided, there is no information provided on the key parts of the business like the e-commerce side and what is their nature of business there just some numbers are given. Am not comfortable with this insufficient information disclosures and therefore have avoided. This is my personal view nothing about the business it might provide great returns, but I am not tracking it due to the above concerns.
165. Suraj Investor |   Link |  Bookmark |January 23, 2024 11:22:17 AM
How easy is it to sell SME IPOs? I looked into maxposure sme ipo which is listed at more than +300% premium but there seems to be 0 buyer if anyone is trying to sell to book the listing gain. Is it always the case? Or is there some other portal to sell sme ipos? I am looking it on Zerodha.
164. KarmaTheLord |   Link |  Bookmark |January 23, 2024 9:12:58 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
One lot would have minted more than 4 lacs profit. Lucky who ever got the allotment
163. Mahaveer Prasad Gupta |   Link |  Bookmark |January 23, 2024 9:10:56 AM
Congratulations

More than 4 lacs per allotment.

Lakh lakh badhaiyan.
162. Simply Vicky |   Link |  Bookmark |January 23, 2024 9:00:12 AM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
People kept tabbing at gmp..it blasted the sme ipo profit with whopping 339% profit..i hope that all those who put bid at the highest level are winner...all the best to allottees & winners in pre-open...ride on this.
Be wise...keep minting
161. smokingkills |   Link |  Bookmark |January 23, 2024 8:46:26 AM
What a listing.. Broke all records. 339% profit, just unbelievable.
160. Mahaveer Prasad Gupta |   Link |  Bookmark |January 23, 2024 8:27:58 AM
I think today's upper circuit is 165/-.
159. ARJUN'S EYE |   Link |  Bookmark |January 23, 2024 8:11:25 AM
IPO Mentor IPO Mentor (800+ Posts, 600+ Likes)
Maxposure Ltd NSE SME IPO.
NSE Code:-21701                  
Symbol:-MAXPOSURE
Group:-ST
ISIN:-INE0ECC01022      
Issue Price:-33/-
Market Lot:-4000 Shares
Face Value:-10/-
Listing At:-NSE SME
159.1. K mantion bhiwani |   Link |  Bookmark |January 26, 2024 3:07:54 PM
Subject: Business Update - Maruti Suzuki India Limited, the country's leading passenger vehicle
manufacturer, has joined forces with Maxposure Limited
Symbol: - MAXPOSURE - MAXPOSURE LIMITED

Ab tera kya hoga MAXPOSURE. ?
158. KML |   Link |  Bookmark |January 21, 2024 8:57:13 PM (300+ Posts)
I believe, it will list arround or above 150.
158.1. Nitin oswal |   Link |  Bookmark |January 21, 2024 11:01:59 PM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Don't sell gems 1 year target ₹ 500
158.2. Diligent IPO Learner |   Link |  Bookmark |January 23, 2024 9:30:13 AM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
@KML Spot on prediction.
157. Mahaveer Prasad Gupta |   Link |  Bookmark |January 21, 2024 11:45:43 AM
If this IPO lists as per GMP @ 80/- buyer, I think this will be a record.

More than 3.00 lac per allotment.
156. Nitin oswal |   Link |  Bookmark |January 19, 2024 8:04:15 PM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Listing Kab he saturday market open he ya Tuesday ko
156.2. Nitin oswal |   Link |  Bookmark |January 19, 2024 11:17:45 PM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Thanks
156.3. Krishnaji |   Link |  Bookmark |January 20, 2024 7:16:09 AM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Today market is open for full time normal tradings but listing is on Tuesday as Monday is now a declared holiday.
Thanks!