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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.
| 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 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 Giriraj Stock Broking |
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 Offered | 1,700,000 (27.69%) |
| Market Maker Shares Offered | 372,000 (6.06%) |
| QIB Shares Offered | 1,140,000 (18.57%) |
| NII (HNI) Shares Offered | 880,000 (14.33%) |
| Retail Shares Offered | 2,048,000 (33.36%) |
| Total Shares Offered | 6,140,000 (100%) |
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 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 |
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 | |||
The promoter of the company are Prakash Johari and Sweta Johari.
| Share Holding Pre Issue | 84.35% |
| Share Holding Post Issue | 61.58% |
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 |
| 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 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Maxposure IPO is Rs 75.05 Cr.
| KPI | Values |
|---|---|
| ROE | 14.39% |
| ROCE | 19.55% |
| Debt/Equity | 0.03 |
| RoNW | 14.20% |
| P/BV | 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...
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)
| Category | Subscription (times) |
|---|---|
| QIB | 162.35 |
| NII | 1,947.55 |
| Retail | 1,034.23 |
| Total | 987.47 |
Total Application : 529,528 (1,034.23 times)
| Listing Date | January 23, 2024 |
| BSE Script Code | |
| NSE Symbol | MAXPOSURE |
| ISIN | INE0ECC01022 |
| Final Issue Price | ₹33 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹33.00 |
| ₹145.00 |
| ₹137.75 |
| ₹145.00 |
| ₹137.75 |
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/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Check our SME IPO Guide 
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
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.
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It may correct deeper in coming days...i will reenter at much better price to recover my losses.