Maxposure Limited IPO Buzz: Investors Eyeing 151% Returns in 6 Days as Grey Market Premium Soars to ₹50!
Maxposure Limited IPO: Delhi’s new media company, Maxposure Limited, is witnessing incredible enthusiasm from the investors in the grey market. The premium amount has surged from ₹5 to an impressive ₹50. If this forecast holds true, subscribers to the company’s IPO could see a whopping 151% return on their investment in just 6 days.
About Maxposure Limited
Maxposure Limited was established on August 17, 2006. The company’s promoters are Prakash Johari and Sweta Johari. Its registered office is in Delhi. The company operates in Inflight Entertainment, Content Marketing, Technology, and Advertising. Services such as custom editing, metadata creation, duplication, audio enhancement, encoding/transcoding in any format for any system, and post-production are provided from its Mumbai-based lab. Apart from Delhi and Mumbai, the company also has offices in Bengaluru and Kolkata. Beyond India, Maxposure Limited has expanded its business in the Middle East, Kingdom of Bahrain, Sharjah, UAE, and Kuwait.
Maxposure Limited Financial Information
– The company’s assets have increased from ₹40 crores to approximately ₹49 crores.
– Revenue has risen from ₹22 crores to ₹33 crores.
– Net worth has increased from ₹26 crores to ₹31 crores.
– Reserves and Surplus have grown from ₹22 crores to around ₹28 crores.
– Bank loans and market debt have reduced from ₹4 crores to ₹3 crores.
– Profit after tax has surged from ₹36 lakhs to ₹4 crores.
All the above figures are for financial years closing on March 31, 2021, and March 31, 2023, for easy comprehension. The company claims that its revenue in the last year has grown by more than 1%, while the profit after tax has increased by 1162.04%.
The company is entering the stock market to raise an investment of ₹20.26 crores. In return, investors will be allocated 61.4 lakh shares. The funds obtained from the stock market will be utilized to take the company’s business to the next level, with a focus on international markets.
Maxposure Limited IPO Issue Details
– The IPO will open on January 15.
– The closing date for the IPO is January 17, 2024.
– Allotment will take place on January 18, with refunds on January 19.
– Shares will be credited to the demat account on January 19.
– The listing date on the stock market is announced as January 22, 2024.
– Face Value: ₹10 per share
– Price Band: ₹31 to ₹33 per share
– Lot Size: 4000 Shares
– Investment: ₹132,000
Maxposure Limited IPO GMP Trend
– IPO price declared by the company: ₹33
– Premium on January 9: ₹5
– Premium on January 10: ₹36
– Premium on January 12: ₹50
– Closing date of the IPO: January 17
– IPO listing date: January 22
– Lock-in period for investment: Only 6 days
Disclaimer
Please consult your financial advisor before making any investment decisions. Always remember that when you invest in the stock market, all risks associated are solely yours.
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