Maxposure Limited IPO
NSE SMEListed On: Jan 23, 2024 at ₹ 145.0
₹ 264000 /8000 Shares
*Min Investment
15 Jan, 2024
Open Date17 Jan, 2024
Close Date18 Jan, 2024
Allotment Date23 Jan, 2024
Listing DateMaxposure Limited IPO Issue Details
- Issue Price ₹31-33 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 61,40,000 shares(aggregating up to ₹20.26 crore)
- Fresh Share 61,40,000 shares(aggregating up to ₹20.26 crore)
- Listing at NSE SME
- List Price 145.0
- Listing Date 2024-01-23
- Lead Manager GYR Capital Advisors Private Limited
- Registrar Bigshare Services Pvt Ltd
Market Lot Size
Investors can bid for a minimum of 4000 shares and in multiples thereof. The following 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 | ₹1,32,000 |
| Retail(max) | 1 | 4000 | ₹1,32,000 |
| NII (min) | 2 | 8,000 | ₹2,64,000 |
Maxposure Limited IPO Reservation
Maxposure Limited IPO offers total 6,140,000 shares. Out of which 1,140,000 (18.57%) allocated to QIB, 880,000 (14.33%) allocated to NII,2,048,000 (33.36%) allocated to RII, NA (NA%) allocated to employees and 1,700,000 (27.69%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| 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 Limited IPO Details
Maxposure Limited IPO is an SME IPO, priced at ₹31-33 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 61,40,000 equity shares, aggregating up to ₹20.26 crores..
The IPO bidding window is open from Jan 15, 2024 to Jan 17, 2024. The allotment is expected to be finalized on Jan 18, 2024, and the tentative listing date is Jan 23, 2024.
The minimum lot size for Retail investors is 4000 shares, with a minimum investment of ₹1,32,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,64,000.
GYR Capital Advisors Private Limited is acting as the lead manager to the issue. The registrar of the IPO is Bigshare Services Pvt Ltd, and Giriraj Stock Broking Private Limited will act as the market maker for this issue.
Maxposure Limited IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 1,140,000 / 888,000 | 2,048,000 | 4,068,000 |
Day 1 15-01-24 06:00 PM | 3.54 / 68.45 x | 112.78 x | 72.58 x |
Day 2 16-01-24 06:00 PM | 6.79 / 176.69 x | 298.55 x | 190.43 x |
Day 3 17-01-24 06:00 PM | 162.35 / 1930.24 x | 1033.37 x | 987.09 x |
Maxposure Limited Valuations
Maxposure Limited Company Financials
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 4,878.51 | 4,485.18 | 4,009.97 |
| Revenue | 3,355.55 | 3,321.31 | 2,247.27 |
| Profit After Tax | 441.21 | 34.96 | 36.22 |
| Net Worth | 3,114.34 | 2,666.17 | 2,631.21 |
| Reserves & Surplus | 2,775.36 | 2,334.15 | 2,299.19 |
| Total Borrowing | 333.76 | 293.65 | 418.52 |
About Maxposure Limited Company
Incepted on August 17, 2006, Maxposure Limited is a company offering personalized media and entertainment services across multiple platforms. They specialize in Inflight Entertainment, Content Marketing, Technology, and Advertising.
The lab facility of the company in Mumbai offers services such as custom editing, metadata creation, duplication, audio enhancement, encoding/transcoding in any format for any system, and post-production services.
The services fall into four broad categories: inflight entertainment, content marketing, technology, and advertising.
The company has a vast network of sales operations across India with offices in Delhi, Mumbai, Bengaluru, and Kolkata. It also successfully launched and handled projects outside India, especially in the Indian subcontinent and the Middle East. Its projects are such as Gulf Air (Kingdom of Bahrain), Air Arabia (Sharjah), VFS (UAE), and Jazeera Airways (Kuwait).
Revenue is earned on domestic operations for the period ended three months ending on September 30, 2023, and also for the years 2023, 2022, and 2021 was ₹1726.28 lakhs, ₹2835.08 lakhs, ₹2815.85 lakhs, and ₹1940.76 lakhs, respectively. The revenue is also earned from international operations ₹289.86 lakhs, ₹343.84 lakhs, ₹452.15 lakhs, and ₹75.09 lakhs, respectively.
As of October 31, 2023, the current employees of the company stand at 81.
Maxposure Limited - Promoter(s)
Pre Issue Share Holding : 84.35%
Post Issue Share Holding : 61.58%
Maxposure Limited IPO - Issue Objectives
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)
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
Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company
General Corporate Purposes.
Maxposure Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Maxposure Limited | 2.66 | 2.66 | 20.69 | 12.42 | 14.2 | 1.59 | Consolidated |
| Crayons Advertising Limited | 9.22 | 9.22 | 9.75 | 17.91 | 4.33 | 16.26 | Consolidated |
Notes:
- P/E figures for the peers are based on closing market prices of equity shares on NSE on December 26, 2023, divided by the Basic EPS as of March 31, 2023.
- Basic and Diluted EPS refers to the Basic and Diluted EPS sourced from the Annual Reports for FY 2022-23 of the listed peer companies.
- Return on Net Worth (RoNW) for listed industry peers has been computed as Net Profit After Tax for the year ended March 31, 2023, divided by Total Equity as of March 31, 2023.
- NAV per share for listed peers is computed as the Total Equity as of March 31, 2023, divided by the outstanding number of equity shares as of March 31, 2023.
Contact Details
Maxposure Limited
Ground Floor, 62, Okhla Industrial Estate, Phase-3, South Delhi, New Delhi - 110020
+91 114 301 1111
Registrar Contact Details
Bigshare Services Pvt Ltd
+91-22-6263 8200
Maxposure Limited IPO - FAQs
Ans. Maxposure Limited IPO is a SME IPO. The issue is priced at ₹31-33 per equity share. The minimum order quantity is 4000 Shares. The IPO opens on Jan 15, 2024, and closes on Jan 17, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Maxposure Limited IPO opens on Jan 15, 2024 and closes on Jan 17, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Maxposure Limited IPO is 6,140,000 shares(aggregating up to ₹20.26 Cr).
Ans. The Maxposure Limited IPO price band is set between ₹31-33 per equity share.
Ans. To apply for Maxposure Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Maxposure Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Maxposure Limited IPO is Jan 18, 2024.
Ans. The Maxposure Limited IPO will be listed on Jan 23, 2024.
Ans. Follow the steps to check the Maxposure Limited IPO allotment status online.
