Maxposure IPO Closes Today: Check the Most Recent GMP After Over 295 Times of Subscriptions Received So Far
Maxposure IPO: Investors have responded spectacularly to the personalized media and entertainment services firm Maxposure Ltd.’s first public offering (IPO), which is scheduled to conclude on Wednesday. The Rs 20.26-crore initial public offering (IPO) garnered 295.19 times subscription up to 11:13 am on Wednesday, the last day of bidding. Bids were received for 1,20,08,28,000 shares, against the 40,68,000 shares that were on sale.
On Monday, the public may subscribe to the SME IPO.
While the non-institutional investor (NII) quota received 297.83 times as many subscriptions, the retail category garnered an astounding 454.11 times as many. The component for qualified institutional buyers (QIBs) has received subscriptions 7.65 times over.
The SME IPO was set at a fixed price of Rs 31–33 per share.
On January 18, the IPO will be allotted, and on January 22, it will be listed on the NSE SME.
IPO GMP Maxposure Today
Market watchers report that unlisted shares of Maxposure Ltd. are selling on the grey market for Rs 52 more than the company’s issue price. The grey market is anticipating a listing gain of 157.58 percent from the public issuance, as shown by the Rs 52 grey market premium, or GMP. The GMP is dynamic and dependent on market mood.
The willingness of investors to pay above the issue price is shown by the “grey market premium.”
Details about Maxposure’s IPO
The Rs 20.26 crore Maxposure IPO is a book-built offering. This is a completely new 61.4 lakh share offering.
The price range for the IPO was set at Rs 31–Rs 33 per share. Retail investors must spend a minimum of Rs 1,32,000, and the minimum lot size for an application is 4,000 shares.
The registrant of the Maxposure IPO is Bigshare Services Pvt Ltd, while the book-running lead manager is GYR Capital Advisors Private Limited. Giriraj Stock Broking in the Maxposure IPO is the market maker.
The firm has curated an industry-wide client selection across many regions thanks to its creative and broad service offering and goal-oriented initiatives.
Leaders in the tourism and aviation industries, such as the Taj Group of Hotels, Madhya Pradesh Tourism Board, Ministry of External Affairs, Air India, Gulf Air, Incredible India, and Oberoi Hotels and Resorts, have been linked to Maxposure Limited.
