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19 Dec 2024
Maxposure Limited IPO
Maxposure Limited is a leader in the new-age media and entertainment industry with special focus on the aviation market. Maxposure offers 360-degree services across multiple distribution platforms, with a commitment to quality and technological innovations. Working with government and private clients, both in India and across the world, Maxposure Limited has been associated with aviation and travel industry leaders, including IndiGo, Air India, Gulf Air, Air Arabia, Incredible India, Madhya Pradesh Tourism Board, Ministry of External Affairs, Oberoi Hotels and Resorts, the Taj Group of Hotels to name a few.
Specializing in customized solutions, the house of Maxposure stands on four pillars: Inflight Entertainment, Content Marketing, Technology and Advertising. Maxposure IPO is a book built issue of Rs 20.26 crores. The issue is entirely a fresh issue of 61.4 lakh shares. Maxposure IPO bidding started from January 15, 2024 and ended on January 17, 2024. Maxposure IPO price band is set at ₹31 to ₹33 per share. The minimum lot size for an application is 4000 Shares. GYR Capital Advisors Private Limited is the book running lead manager of the Maxposure IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Maxposure IPO is Giriraj Stock Broking.
Maxposure IPO Overview
| Detail | Description |
|---|---|
| IPO Date | January 15, 2024 to January 17, 2024 |
| Listing Date | January 23, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹31 to ₹33 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 6,140,000 shares (aggregating up to ₹20.26 Cr) |
| Fresh Issue | 6,140,000 shares (aggregating up to ₹20.26 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 16,600,950 |
| Share holding post issue | 22,740,950 |
| Market Maker portion | 372,000 shares Giriraj Stock Broking |
Maxposure IPO Timeline (Tentative Schedule)
| Detail | Description |
|---|---|
| IPO Open Date | Monday, January 15, 2024 |
| IPO Close Date | Wednesday, January 17, 2024 |
| Basis of Allotment | Thursday, January 18, 2024 |
| Initiation of Refunds | Friday, January 19, 2024 |
| Credit of Shares to Demat | Friday, January 19, 2024 |
| Listing Date | Tuesday, January 23, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 17, 2024 |
Maxposure IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹132,000 |
| Retail (Max) | 1 | 4000 | ₹132,000 |
| HNI (Min) | 2 | 8,000 | ₹264,000 |
Maxposure IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 1,700,000 (27.69%) |
| Market Maker Shares Offered | 372,000 (6.06%) |
| QIB Shares Offered | 1,140,000 (18.57%) |
| NII (HNI) Shares Offered | 880,000 (14.33%) |
| Retail Shares Offered | 2,048,000 (33.36%) |
| Total Shares Offered | 6,140,000 (100%) |
Maxposure IPO Promoter Holding
| Share Holding Pre Issue | 84.35% |
| Share Holding Post Issue | 61.58% |
Maxposure IPO Anchor Investors Details
| Bid Date | January 12, 2024 |
| Shares Offered | 1,700,000 |
| Anchor Portion Size (In Cr.) | 5.61 |
| Anchor lock-in period end date for 50% shares (30 Days) | February 17, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | April 17, 2024 |
Company & Financials
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."
Maxposure Limited Financial Information
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | ||||||||||||||||||||||||||||||||||||
| Assets | 5,355.21 | 4,878.51 | 4,485.18 | 4,009.97 | ||||||||||||||||||||||||||||||||||||
| Revenue | 2,059.05 | 3,355.55 | 3,321.31 | 2,247.27 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 370.83 | 441.21 | 34.96 | 36.22 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 3,478.21 | 3,114.34 | 2,666.17 | 2,631.21 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 3,146.19 | 2,775.36 | 2,334.15 | 2,299.19 | ||||||||||||||||||||||||||||||||||||
| Total Borrowing | 462.31 | 333.76 | 293.65 | 418.52 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 14.39% |
| ROCE | 19.55% |
| Debt/Equity | 0.03 |
| RoNW | 14.20% |
| P/BV | 1.59 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.66 | 3.26 |
| P/E (x) | 12.42 | 10.12 |
Objectives of Maxposure IPO
The Company proposes to utilize the Net Proceeds from the Issue towards the following objectives:
- 1. Funding of expenses proposed to be incurred towards obtaining various certifications from the Federal Aviation Administration ("FAA") and the European Union Aviation Safety Agency ("EASA") for Wireless Streaming Server ("AeroHub") and Patented Inviseo tray table (collectively referred to as the "Proposed Products").
- 2. 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.
- 3. Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company.
- 4. General Corporate Purposes.
Maxposure IPO Review
After listless performances for FY21 and FY22, it marked bumper profits with rise in top lines. Considering the changed lifestyle and rising air travel, this company may have bright prospects ahead, but all will depend on future trends. Based on the last 18 months working, the issue appears fully priced. The sustainability of margins going forward is a major concern. Well-informed investors may park funds for the medium to long term rewards.
FAQs for Maxposure IPO
-
When Maxposure SME IPO will open?
Maxposure SME IPO Issue Open Date is 15-01-2024.
-
When Maxposure SME IPO will close?
Maxposure SME IPO Issue Close Date is 17-01-2024.
-
What is the price of Maxposure SME IPO for retail investor?
Maxposure SME IPO price for retail investor is 31.00-33.00. Company is also offering special discount for TBD.
-
What is the lot size of Maxposure SME IPO for retail investor?
Maxposure SME IPO lot size for retail investor is 4000 shares (1 lot)(Min) and 4000 shares (1 lots) (Max).
-
Where is the Maxposure Ltd IPO getting listed?
The shares of Maxposure Ltd are proposed to be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
Maxposure IPO Subscription Status
Category
Subscription (times)
QIB
162.35
NII
1,947.55
Retail
1,034.23
Total
987.47
RHP:
RHP of Maxposure Limited IPO
Anchor Investor Link:
Anchor Investor Link of Maxposure Limited IPO
-
When Maxposure SME IPO will open?
Maxposure SME IPO Issue Open Date is 15-01-2024.
-
When Maxposure SME IPO will close?
Maxposure SME IPO Issue Close Date is 17-01-2024.
-
What is the price of Maxposure SME IPO for retail investor?
Maxposure SME IPO price for retail investor is 31.00-33.00. Company is also offering special discount for TBD.
-
What is the lot size of Maxposure SME IPO for retail investor?
Maxposure SME IPO lot size for retail investor is 4000 shares (1 lot)(Min) and 4000 shares (1 lots) (Max).
-
Where is the Maxposure Ltd IPO getting listed?
The shares of Maxposure Ltd are proposed to be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
Maxposure IPO Subscription Status
| Category | Subscription (times) |
|---|---|
| QIB | 162.35 |
| NII | 1,947.55 |
| Retail | 1,034.23 |
| Total | 987.47 |
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