Maxposure witnessed overwhelming investor interest in its IPO, which closed on January 17. The ₹20.26 crore IPO, saw a subscription of 904.86 times, with investors bidding for 401.75 crore equity shares against the offer size of 44.4 lakh. The Maxposure IPO allotment status is set to be finalised today, January 18.
If you applied for the IPO here is how you can check the Maxposure IPO allotment status
Checking IPO Allotment Status on Registrar's Website:
Follow these steps to check the Maxposure IPO allotment status
- Visit the registrar's website.
- Select ‘Company Selection' and choose "Maxposure."
- Enter your PAN, application number, or Beneficiary ID.
- Enter the captcha.
- Click on ‘Search' to retrieve Maxposure IPO allotment status
If all the details are entered correctly and the allotment has been finalised, the Maxposure IPO allotment status will be visible.
Maxposure IPO Overview: Non-institutional investors played a significant role, subscribing 1,981.4 times their allocated share of the issue. Retail investors also demonstrated strong interest, subscribing 1,049.2 times, while qualified institutional buyers subscribed 156.3 times their share of the IPO.
Maxposure, engaged in in-flight entertainment, content marketing, and advertising, plans to utilize ₹3.5 crore of the proceeds for obtaining certifications from the Federal Aviation Administration (FAA) and the European Union Aviation Safety Agency (EASA) for its Wireless Streaming Server (AeroHub) and Patented Inviseo tray table. Additionally, ₹8.5 crore will be allocated for working capital requirements, ₹2.5 crore for debt repayment, and the remaining funds for general corporate purposes.
The grey market premium (GMP) for Maxposure IPO is currently +60, indicating that shares are trading at a premium of ₹60 in the grey market. The estimated listing price, considering the upper end of the IPO price band and the current grey market premium, is indicated at ₹93 per share, reflecting a substantial 181.82% increase over the IPO price of ₹33.
The stock will be listed on the NSE Emerge on January 22.
Don't miss a beat on the share market. Get real-time updates on top stock movers and trading ideas on Benzinga India Telegram channel.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.