New SME IPO: Maxposure SME IPO 2024
The Maxposure SME IPO 2024 represents a book-built issue valued at Rs 20.26 crores, consisting entirely of a fresh batch of 61.4 lakh shares.
Commencing its subscription phase on January 15, 2024, the Maxposure SME IPO 2024 concludes today, on January 17, 2024. The allotment results for the Maxposure SME IPO 2024 are anticipated to be announced on Thursday, January 18, 2024. Subsequently, the IPO is scheduled to be listed on the NSE SME, with a tentative listing date fixed for Monday, January 22, 2024.
Setting the tone for potential investors, the Maxposure SME IPO 2024 has established a price band ranging from ₹31 to ₹33 per share. For those interested, the minimum lot size for application stands at 4000 shares. Retail investors are required to make a minimum investment of ₹132,000, aligning with the specified lot size. High Net Worth Individuals (HNIs) are encouraged to invest in a minimum of 2 lots, totalling 8,000 shares and amounting to ₹264,000.
Maxposure SME IPO 2024 Details with Offer
| Maxposure SME IPO 2024 | TimeLine |
| Bid/ Offers Opens On | 15-Jan-2024 |
| Bid/ Offers Closes On | 17-Jan-2024 |
| Allotment On | 18-Jan-2024 |
| Initiation Refunds On | 19-Jan-2024 |
| Credit of Shares to Demat | 19-Jan-2024 |
| Listing On | 22-Jan-2024 |
| Cut-Off for Mandate Confirmation | 17-Jan-2024 |
| Total Issue Size Details | 61,40,000 Shares |
| Issue Type | Equity |
| Issue Size (In Rs.) | 20.26 Cr |
| Face Value (In Rs.) | 10/- Per Share |
| Price Band (In Rs.) | 31-33 |
| Bid Lot Size | 4000 Shares |
| Issue Type | Book Built Issue IPO |
| Listing On | BSE, NSE |
| IPO Registrar | Bigshare Services Pvt Ltd |
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Book Running Lead Manager: Maxposure SME IPO 2024
Comprehensive Details Consult for the Maxposure SME IPO 2024
Application Lot Size of Maxposure SME IPO 2024
| IPO Details | Category | Lot | Share | Amount |
| Min Bid Lot | Retails | 1 | 4000 | 1,32,000 |
| Max Bid Lot | Retails | 1 | 4000 | 1,32,000 |
| Min Bid Lot | S-HNI | 2 | 8000 | 2,64,000 |
Expected GMP of Maxposure SME IPO 2024 in Details
| GMP | Estimate Listing Price (In Rs.) | As Per Date |
| 52 | 85 | 17-01-2024 |
| 60 | 93 | 16-01-2024 |
| 51 | 84 | 15-01-2024 |
| 50 | 83 | 14-01-2024 |
| 50 | 83 | 13-01-2024 |
| 50 | 83 | 12-01-2024 |
| 36 | 69 | 11-11-2024 |
| 36 | 69 | 10-11-2024 |
| 05 | 38 | 09-11-2024 |
Know Expected Profit as per GMP of Maxposure SME IPO 2024
| Details of Maxposure SME IPO 2024 | Profit Calculation As Per GMP (for 1 Lot) |
| Share/Quantity | 4000 |
| Price | 33-31 |
| Total | 1,32,000/- |
| GMP | 52 |
| Estimate Price | 85 |
| Est. Listing Percentage (%) | 157.00% |
| Estimate Profit | Around 2,07,000/- |
| Result (Profit/Loss) | Profit |
| Recommendations | May Apply |
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Maxposure SME IPO 2024: Financial Information
| Profit and Loss (Figures in Rs. Crores) | |||
| Financial Condition | Mar-21 | Mar-22 | Mar-23 |
| Sales + | 20.16 | 32.68 | 31.79 |
| Expenses + | 20.83 | 31.95 | 26.37 |
| Operating Profit | -0.67 | 0.73 | 5.42 |
| OPM % | -3.32% | 2.23% | 17.05% |
| Other Income + | 2.31 | 0.53 | 1.77 |
| Interest | 0.79 | 0.54 | 0.77 |
| Depreciation | 0.36 | 0.32 | 0.36 |
| Profit before tax | 0.49 | 0.4 | 6.06 |
| Tax % | 26.53% | 12.50% | 25.91% |
| Net Profit + | 0.36 | 0.35 | 4.48 |
Balance Sheet of Maxposure SME IPO 2024
| Company’s Report (Figures in Rs. Crores) | Mar-21 | Mar-22 | Mar-23 | Sep-23 |
| Equity Capital | 3.32 | 3.32 | 3.32 | 3.32 |
| Reserves | 22.99 | 23.34 | 27.82 | 31.46 |
| Borrowings + | 4.18 | 2.94 | 3.33 | 4.63 |
| Other Liabilities + | 9.61 | 15.25 | 14.39 | 14.14 |
| Total Liabilities | 40.1 | 44.85 | 48.86 | 53.55 |
| Fixed Assets + | 2.12 | 1.33 | 2.54 | 3.1 |
| CWIP | 0 | 0 | 0 | 0 |
| Investments | 13.14 | 13.14 | 26.48 | 26.48 |
| Other Assets + | 24.84 | 30.38 | 19.84 | 23.97 |
| Total Assets | 40.1 | 44.85 | 48.86 | 53.55 |
Maxposure SME IPO 2024 Peer Groups
- PVR Inox
- Sun TV Network
- Zee Entertainment
- TV 18 Broadcast
- Tips Industries
- Saregama India
- Hathway Cable
Maxposure Limited IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: Bigshare Services PVT LTD
About Maxposure Private Limited
Maxposure is a modern and diverse media and entertainment company that offers comprehensive services across various distribution platforms. The foundation of Maxposure rests on four key pillars: Inflight Entertainment, Content Marketing, Technology, and Advertising.
As a specialist in tailored solutions, Maxposure serves as a one-stop destination for a myriad of inflight entertainment services, aligning with the latest market trends to elevate the overall customer experience onboard airlines. The company excels in the curation, sourcing, licensing, and adaptation of content, customizing it to meet the unique norms and requirements of each airline’s inflight entertainment systems. With a well-established and enduring partnership with major content owners, studios, and production houses worldwide, Maxposure also collaborates closely with leading original equipment manufacturers in the airline industry.
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.
About Initial Public Offerings (IPO)
The Capital market represents the “Primary Market” and the “Secondary Market. The capital market has two interdependent and inseparable segments, the new issuers (the primary market) and stock (secondary) market. The primary market is used by issuers for raising fresh capital from the investors by making initial public offers or rights issues or offers for sale of equity or debt. An active secondary market promotes the growth of the primary market and capital formation, since the investors in the primary market are assured of a continuous market where they have an option to liquidate their investments.
A corporate may raise capital in the primary market by way of an initial public offer, rights issue or private placement. An Initial Public Offer (IPO) is the selling of securities to the public in the primary market. It is the largest source of funds with long or indefinite maturity for the company.
An IPO is an important step in the growth of a business. It provides a company access to funds through the public capital market. An IPO also greatly increases the credibility and publicity that a business receives. In many cases, an IPO is the only way to finance quick growth and expansion. In terms of the economy, when a large number of IPOs are issued, it is a sign of a healthy stock market and economy.
When the company makes its first IPO to the public, the relationship is directly between the company and investors, and the money flows to the Company as its “Share Capital”. Shareholders thus become owners of the Company through their participation in the Company’s IPO and have ownership rights over the company. This is the largest source of funds for a company, which enables the company to create “Fixed Assets” which will be employed in the course of the business. The shareholders of the Company are free to exit their investment through the secondary market.
What is Book Building?
SEBI guidelines defines Book Building as “a process undertaken by which a demand for the securities proposed to be issued by a body corporate is elicited and built-up and the price for such securities is assessed for the determination of the quantum of such securities to be issued by means of a notice, circular, advertisement, document or information memoranda or offer document”.
Book Building is basically a process used in Initial Public Offer (IPO) for efficient price discovery. It is a mechanism where, during the period for which the IPO is open, bids are collected from investors at various prices, which are above or equal to the floor price. The offer price is determined after the bid closing date.
Difference between Book Building Issue and Fixed Price Issue
In Book Building securities are offered at prices above or equal to the floor prices, whereas securities are offered at a fixed price in case of a public issue. In case of Book Building, the demand can be known everyday as the book is built. But in case of the public issue the demand is known at the close of the issue.
Grey Market Premium of IPO
The Grey Market Premium (GMP) represents the unofficial, unregulated trading price of an IPO before its official listing. It indicates how the IPO of a specific company might perform on the listing day. A positive GMP suggests potential profitability, while a negative GMP suggests a possible discount.
It’s important to highlight that IPO GMP is highly volatile, making investment decisions solely based on the Tata Technologies IPO GMP risky. Therefore, before making an investment, it is crucial to consider all relevant factors and make an informed decision on whether to invest in the Tata Technologies IPO or not.
Maxposure SME IPO 2024 2024 FAQs
- What is the issue size of Maxposure SME IPO 2024?
- The issue size stands at Rs 20.26 crores, with 61.4 lakh fresh shares.
- What is the subscription period for Maxposure SME IPO 2024?
- The subscription period was from January 15, 2024, to January 17, 2024.
- When will the Maxposure SME IPO 2024 be listed on NSE SME?
- The tentative listing date is Monday, January 22, 2024.
- What is the minimum lot size for application?
- The minimum lot size is 4000 shares.
- How much is the minimum investment for retail investors?
- Retail investors need a minimum investment of ₹132,000.
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