Maxposure was incorporated on August 17, 2006. It is a diverse, new-age media and entertainment company offering 360-degree services across multiple distribution platforms. Specialising in customised solutions, the house of Maxposure stands on four pillars: inflight entertainment, content marketing, technology, and advertising.
| Bidding Dates |
|---|
| 15 Jan 2024 - 17 Jan 2024 |
| Subscription |
|---|
| 904.86x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,24,000 | 1 | 1 | 4000 | 6.1 M | ₹31 - ₹33 | 61.56 % | ₹190.3 M - ₹202.6 M | RHP DOC |
Maxposure IPO SUBSCRIPTION STATUS
17 Jan '24Maxposure IPO overall subscription rate was 904.86 times the total available shares
Maxposure IPO retail subscription rate was 1363.07 times in the retail segment
Maxposure IPO non-institutional investor subscription rate was 2574.01 times in the non-institutional investor category
Maxposure IPO Qualified Institutional Bidder subscription rate was 83.37 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
17 Jan 2024 (Day 3) | 1363.07x | 2574.01x | 83.37x |
16 Jan 2024 (Day 2) | 385.25x | 232.05x | 3.49x |
15 Jan 2024 (Day 1) | 144.83x | 89.57x | 1.82x |
Maxposure FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| H1FY24 | 37.1 | 201.6 | -2.2 | -9.6 | 31.1% |
| FY23 | 44.1 | 317.9 | 7.1 | -8.3 | 21.1% |
| FY22 | 3.5 | 326.8 | 10.2 | 16.8 | 3.2% |
| FY21 | 3.6 | 201.6 | -19.1 | -20.9 | 5.3% |
Maxposure IPO SUBSCRIPTION STATUS DETAILS
Maxposure had 6.1 M shares on offer
Maxposure IPO offer price was in the range ₹31 - ₹33
Maxposure IPO minimum Investment was ₹124000
Maxposure IPO issue size was ₹ 190.3 M - ₹ 202.6 M
Maxposure had a minimum lot size of 4000 Shares per application
Maxposure NUMBER OF SHARES ON OFFER
Maxposure IPO IMPORTANT DATES
| Issue Open Date | 15 Jan 2024 |
| Issue close Date | 17 Jan 2024 |
| Allotment Date | 18 Jan 2024 |
| Refund Date | 19 Jan 2024 |
| Demat Account Credit Date | 19 Jan 2024 |
| Listing Date | 23 Jan 2024 |
| Listing on Exchange(s) | NSE |
| Maxposure Allotment Status | Exchange |
Maxposure IPO subscription opened on 15 Jan 2024, and closed on 17 Jan 2024
IPO allotment for Maxposure was finalized on Thursday, 18 Jan 2024
IPO listing for Maxposure was on NSE on Tuesday, 23 Jan 2024
Maxposure IPO LISTING GAINS
| Issue Price (adjusted) | 33.0 |
| Listing Open Price | 145.0 |
| Listing Close Price | 137.8 |
| Listing Gain% | 339.4% |
| Current Gain% | 4.1% |
Maxposure Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Maxposure Ltd. | 34.4 | 78.1 | 8.2 | 0.7 | 0.9 | 12 | 9.1 | 88.8 | 37.3 | 9.5 | 11.5 | 4.2 | 11.5 |
| Media Matrix Worldwide Ltd. | 14.9 | 1691.2 | 288.8 | 4.3 | 1.3 | 8.7 | 2.4 | 1261.5 | -33.3 | 5.9 | 67.4 | 0.1 | 67.4 |
| Signpost India Ltd. | 267.6 | 1430.1 | 19.4 | 0.2 | 2.4 | 24.4 | 10.2 | 580.9 | 26.7 | 70.1 | 107.3 | 13.8 | 94.1 |
| Bright Outdoor Media Ltd. | 360 | 785.6 | 32.7 | 13 | 10.9 | 155.4 | 21.4 | 24 | 26.1 | 11 | |||
| Praveg Ltd. | 276.6 | 722.9 | -62.7 | 0.4 | 3 | -2.6 | -1.6 | 242.4 | 39 | -11.5 | -175.2 | -4.4 | -171.9 |
| R K Swamy Ltd. | 103.3 | 521.6 | 23.6 | 1.3 | 1.5 | 8.4 | 5.2 | 351.7 | 14.9 | 22.1 | 18.5 | 4.4 | 18.5 |
Maxposure INFORMATION ON IPO ISSUE
About Maxposure
Maxposure was incorporated on August 17, 2006. It is a diverse, new-age media and entertainment company offering 360-degree services across multiple distribution platforms. Specialising in customised solutions, the house of Maxposure stands on four pillars: inflight entertainment, content marketing, technology, and advertising.
Object of the Issue
- Funding expenses proposed to be incurred towards obtaining various certifications from the Federal Aviation Administration and the European Union Aviation Safety Agency for Wireless Streaming Server and Patented Inviseo tray table.
- 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 - PROMOTERS
| Name |
|---|
| Prakash Johari |
| Sweta Johari |
Maxposure Lead Manager of the Issue
GYR Capital Advisors Private Limited
info@gyrcapitaladvisors.com
Maxposure Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Maxposure Strengths
Service portfolio
The company is a fully integrated marketing and communications agency offering diverse solutions across media, entertainment, technology, and advertising verticals. It offers a bouquet of specialised services
Market presence
With the help of its integrated business model, the company has been able to create a widespread domestic and international market presence for itself, thereby catering to various customers functioning in different industries
Diverse customer base
Like the company's diverse service portfolio, its customer base is also diversified and spread across various geographies and platforms
Maxposure Risks
Reliant on third party
The company relies on third parties for providing its services, including the purchase of media and other materials required for the advertising business
Dependent on few customers
The company depends on a few customers for a significant portion of its revenue, and any decrease in revenues or sales from any one of these key customers may adversely affect its business and results of operations
Outstanding litigations
There are outstanding litigations involving the company, which, if determined adversely, may affect the business and financial condition
IPO FAQs
The promoters of the company are Prakash Johari and Sweta Johari.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 31.0 - 33.0.
The IPO application opens on Jan 15, 2024 and closes on Jan 17, 2024.
The minimum lot size for the IPO is 4000. The maximum lot size for the IPO is 4000.
For all category investors, the minimum application amount for this IPO is Rs. 124,000.0, the maximum value for this IPO is Rs 132,000.0.
This IPO will be allotted on Jan 18, 2024.
The refund will be credited to your account on Jan 19, 2024.
The allotted shares will be credited to your demat on Jan 19, 2024.
Maxposure Ltd.’s shares listed on the stock exchanges on Jan 23, 2024.