Maxposure IPO Allotment Finalized after it had garnered substantial interest from investors. Maxposure Limited, a prominent media and entertainment company, has recently finalized its IPO allotment. The IPO, aiming to raise ₹20.26 Crores, was priced at ₹31 to ₹33 per equity share. The listing is scheduled for January 22, 2024, on the NSE Emerge platform. This development has generated significant interest among investors, especially given the company’s diverse portfolio in inflight entertainment, content marketing, technology, and advertising.
Maxposure IPO Details
- IPO Opening Date: January 15, 2024
- IPO Closing Date: January 17, 2024
- Allotment Date: January 18, 2024
- Refund Initiation: January 19, 2024
- Credit of Shares to Demat Account: January 19, 2024
- IPO Listing Date: January 22, 2024
- Price Band: ₹31 to ₹33 per equity share
- Minimum Lot Size: 4000 shares
- IPO Size: ₹20.26 Crores
- Registrar: Bigshare Services Pvt Ltd
Company Overview
Maxposure Limited, established on August 17, 2006, offers personalized media and entertainment services across various platforms. The company has a strong presence in India, with offices in major cities and a significant international footprint, especially in the Indian subcontinent and the Middle East.
Financial Performance
Maxposure’s financial performance has shown robust growth, with revenues of ₹2835.08 lakhs in the financial year 2023 from domestic operations, complemented by international revenues of ₹343.84 lakhs. As of October 31, 2023, the company employs 81 personnel.
Checking Allotment Status
Investors can check the allotment status of the Maxposure IPO via the Bigshare website. The process requires the IPO application number and PAN details for verification.
Bigshare Services Pvt Ltd (bigshareonline.com)
Market Enthusiasm and GMP after Maxposure IPO Allotment Finalized
The Grey Market Premium (GMP) for Maxposure IPO stands at ₹70, indicating a 212.12% listing gain. This high GMP reflects the market’s optimism about the IPO’s performance upon listing.
The Maxposure IPO has garnered substantial interest
The Maxposure IPO has garnered substantial interest from investors, both retail and institutional. The company’s diversified portfolio in the media and entertainment sector, coupled with its strong financials and promising market potential, make it an attractive investment. With the allotment finalized and the listing date approaching, the market awaits to see how this IPO unfolds on the NSE Emerge platform.
