Impressive Launch: Maxposer Limited Shares Lists at 339% Profit Ahead of IPO Price
With a 339.39 percent profit, Maxposer Limited’s shares are listed at Rs 145 on the stock market. The company’s IPO has an upper price range of Rs 33. This indicates that on the day of listing, investors who received shares of Maxposer Limited via the IPO made a tidy profit of Rs 112 per share.
In the company’s first public offering, individual investors may wager one lot. One lot of the IPO included 4000 shares.
The price of Maxposure Limited’s shares has dropped after a good IPO. Shares of the firm dropped by 5% to Rs 137.75. The Maxpose Limited IPO fell between Rs. 31 to Rs. 33.
The IPO for Maxposer Limited began accepting subscriptions on January 15 and ended on January 17, 2024. The National Stock Exchange SME platform lists the company’s shares. With the IPO, the business aimed to raise Rs 20.26 crore.
Hong Kong is surpassed by India to become the fourth-largest stock market.
A total of 987.47 subscriptions have been made to the Maxposure Limited IPO. While the Non-Institutional Investors (NII) category had 47.44 subscriptions, the Retail Investors Kota category has 1034.23 subscriptions. Qualified Institutional Buyers (QIBs) received 162.35 subscriptions to the company’s first public offering (IPO). The promoters’ share in the business, which was 84.35 percent before to the IPO, will now be down to 61.58 percent. In August 2016, MaxExposure Limited was established. The business offers customized media and entertainment services on many platforms.
