January 17, 2023
New Delhi, India
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.
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.
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.
Crayons Advertising Limited, listed as Maxposure’s peer, holds a P/E ratio of 17.91, providing investors with a benchmark for comparison.
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.
The high subscription rate and positive GMP suggest a positive sentiment among investors, emphasizing their confidence in Maxposure’s potential.
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.
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