Maxposure Ipo News Today

Maxposure IPO: The stock opened at Rs 145 against the issue price of Rs 33 on the NSE SME platform

Shares of Maxposure made a stellar debut on Tuesday, January 23. The stock listed at ₹145, a 339.39 percent premium to the issue price of ₹33.

Maxposure shares debut on NSE SME platform with a premium of 339.4% after a successful IPO. The IPO, consisting of a fresh equity sale of 61.4 lakh shares, received over 900 times subscription. The stock listed at Rs 145 on NSE, compared with an offer price of Rs 33. The strong buzz was reflected in the grey market premium as well, with investors willing to pay a GMP of Rs 70. The net proceeds from the IPO will be used for various purposes including funding expenses, working capital requirements...

Maxposure witnessed an exceptional debut on January 23, with its shares opening at ₹145, marking an impressive 339.39% premium over the issue price of ₹33.

IPO Action | There will be only one public issue from the mainboard segment and the remaining six initial public offerings are from the SME segment, while their total fund raising will be little more than Rs 300 crore.

Unlisted shares of Maxposure Ltd are trading Rs 60 higher in the grey market, which is a 181.82 per cent listing gain from the public issue, Maxposure IPO: How To Check Allotment Status Today, Know Latest GMP

Maxposure IPO is completely a fresh equity issue of 61.4 lakh shares and through the issue, the company plans to raise Rs 20.26 crore. The net proceeds will be used for funding expenses incurred towards various certifications from various regulators, working capital requirements, repayment of debt, and general corporate purposes.

Unlisted shares of Maxposure Ltd are trading Rs 60 higher in the grey market, which is a 181.82 per cent listing gain from the public issue, Maxposure IPO Closes Today: Check Subscription Status, Latest GMP

The IPO of Maxposure, a new-age media and entertainment company, is generating strong investor interest. The issue has been oversubscribed by over 100 times on the second day of bidding, with the overall subscription at 106 times. Retail investors have subscribed 184 times, followed by NIIs at 105 times. The QIB portion was booked 3.65 times. The IPO aims to raise Rs 20.26 crore and the net proceeds will be used for certifications, working capital, debt repayment, and general purposes.

Maxposure IPO opened for subscription and is garnering a bumper response from investors. The issue, which closes on January 17, was booked 24 times on the first day of bidding. The IPO is a fresh equity issue of up to 61.4 lakh shares, priced at Rs 31-33 apiece. For the period ended September 2023, Maxposure recorded revenues of Rs 20.16 crore and a net profit of Rs 3.70 crore. The net proceeds from the public offer will be used for various purposes including working capital requirements and deb...