Maxposure Limited IPO Detail
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.
Company Promoters
The promoter of the company are Prakash Johari and Sweta Johari.IPO Details
| IPO Opening Date | Jan 15, 2024 |
| IPO Closing Date | Jan 17, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹31 - 33 per equity share |
| Market Lot | 4000 Shares |
| Min Order Quantity | 4000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹20.26 Cr |
| Fresh Issue | 6,140,000 shares (aggregating up to ₹20.26 Cr) |
| Offer for Sale | - |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 3.54x | - | - | 67.90x | 110.22x | 71.17x |
| Day 2 | 6.79x | - | - | 176.10x | 296.43x | 189.23x |
| Day 3 | 162.35x | - | - | 1,947.55x | 1,034.23x | 987.47x |
IPO Tentative Timetable
The Maxposure Limited IPO open date is Jan 15, 2024, and the close date is Jan 17, 2024. The issue may list on Jan 22, 2024.
| IPO Open Date | Jan 15, 2024 |
| IPO Close Date | Jan 17, 2024 |
| Basis of Allotment Date | Jan 18, 2024 |
| Initiation of Refunds | Jan 19, 2024 |
| Credit of Shares to Demat Account | Jan 19, 2024 |
| IPO Listing Date | Jan 22, 2024 |
IPO Lot Size
The Maxposure Limited IPO market lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹132000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 4000 | ₹132000 |
| Maximum | 1 | 4000 | ₹132000 |
IPO Promoter Holding
| Pre Issue Share Holding | 84.35% |
| Post Issue Share Holding | 61.58% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 30-Sep-23 | 5355.21 | 2059.05 | 370.83 |
| 31-Mar-23 | 4878.51 | 3355.55 | 441.21 |
Objects of the Issue:
The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:
- 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");
- 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; and
- General Corporate Purposes.
Maxposure Limited IPO Registrar:
Bigshare Services Pvt Ltd
Maxposure Limited IPO Lead Manager(s):
GYR Capital Advisors Private Limited
Company Contact Information:
Maxposure Limited
Ground Floor, 62, Okhla Industrial Estate, Phase-3 South Delhi
New Delhi
New Delhi
