Maxposure IPO Witnesses Overwhelming Investor Interest, Estimated Listing Price Surges

Australian Premium

January 17, 2023

New Delhi, India

Maxposure IPO

Investors are showing immense enthusiasm for the Maxposure IPO, which is currently open for subscription until January 17. The company, a new-age media and entertainment player, has garnered significant attention due to its diverse services and impressive financial performance.

IPO Overview:

Maxposure aims to raise ₹20.26 crores through a fresh issue of 6,140,000 equity shares in the price band of ₹31 to ₹33 per share. The lot size is 4,000 shares, and the funds raised will be utilized for obtaining certifications, working capital, and other corporate purposes.

Company Profile:

Maxposure stands as a prominent player in advertising, content marketing, technology, and in-flight entertainment. The company’s financials exhibit a 1.03% revenue increase and a staggering 1162.04% rise in profit after tax for the financial year ending March 31, 2023.

Peer Comparison:

Crayons Advertising Limited, listed as Maxposure’s peer, holds a P/E ratio of 17.91, providing investors with a benchmark for comparison.

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Subscription Status:

As of day 3, the IPO subscription status stands at an impressive 522.98 times. Retail and non-institutional investors have shown substantial interest, subscribing 672.99 times and 812.46 times, respectively. Qualified Institutions Buyers (QIBs) portion is booked 30.03 times.

Grey Market Premium:

The Grey Market Premium (GMP) for Maxposure IPO is currently +60, indicating strong investor readiness to pay a premium. The estimated listing price is anticipated to be ₹93, reflecting an 181.82% increase from the IPO price.

Investor Sentiment:

The high subscription rate and positive GMP suggest a positive sentiment among investors, emphasizing their confidence in Maxposure’s potential.

Also Read: Geopolitical Tensions Propel WTI Prices Amidst Supply Disruptions and Regional Unrest

Risks and Considerations:

While the IPO has generated excitement, investors should exercise caution, considering market conditions and potential industry risks. Thorough due diligence is essential before making investment decisions.

Conclusion: Maxposure’s IPO has become a focal point for investors, witnessing overwhelming subscription numbers and a substantial Grey Market Premium. As the subscription period concludes, market watchers eagerly await the listing, anticipating a significant boost in the company’s valuation.

Upcoming IPO


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