Maxposure IPO IPO will open for subscription from 15 January 2024. The company aims for an issue size of ₹20.26 Cr through this IPO.
Company Overview
| Full name | Maxposure Limited |
| Sector | Media & Entertainment |
| Industry | Trading |
| Company Website | http://www.maxposuremedia.com/ |
About Company
Maxposure is a modern and diverse media and entertainment company that provides comprehensive services across various distribution platforms. Focused on tailored solutions, the foundation of Maxposure rests on four key pillars: Inflight Entertainment, Content Marketing, Technology, and Advertising. The company’s laboratory facility in Mumbai provides a variety of services, such as personalized editing, metadata creation, duplication, audio enhancement, and encoding/transcoding in any format for all systems. Additionally, it offers post-production services. As of 31 October 2023, the company employs 81 individuals on its payroll.
The company boasts an extensive sales network across India and has established offices in Delhi, Mumbai, Bengaluru, and Kolkata. Beyond India, Maxposure has successfully initiated and managed projects in the Indian subcontinent and the Middle East. Notable ventures include collaborations with Gulf Air (Kingdom of Bahrain), Air Arabia (Sharjah), VFS (UAE), and Jazeera Airways (Kuwait), among others. As of 30 September 2023, and FY 2023, 2022, and 2021, revenues from domestic operations contributed INR 17.26 crore, INR 28.35 crore, INR 28.16 crore, and INR 19.41 crore, respectively. Simultaneously, revenues from international operations contributed INR 2.90 crore, INR 3.44 crore, INR 4.52 crore, and INR 0.75 crore, respectively.
The Objectives of the Issue
- 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 IPO Timetable
| IPO Opening date | 15 January 2024 |
| IPO Closing | 17 January 2024 |
| Basis of Allotment | 18 January 2024 |
| Initiation Refund | 19 January 2024 |
| Credit to Demat Account | 19 January 2024 |
| Listing Date | 22 January 2024 |
Maxposure IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹20.26 Cr – 6,140,000 shares |
| Fresh Issue | ₹20.26 Cr – 6,140,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹31 to ₹33 per share |
| Lot size | 4000 Shares |
| Market Maker portion | 372,000 shares |
| Shareholding pre-issue | 16,600,950 |
| Shareholding post-issue | 22,740,950 |
| Listing Exchange | NSE SME |
Maxposure IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹132,000 |
| Retail (Max) | 1 | 4000 | ₹132,000 |
| HNI (Min) | 2 | 8,000 | ₹264,000 |
Maxposure IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 1,700,000 (27.69%) |
| Market Maker Shares Offered | 372,000 (6.06%) |
| QIB Shares Offered | 1,140,000 (18.57%) |
| NII (HNI) Shares Offered | 880,000 (14.33%) |
| Retail Shares Offered | 2,048,000 (33.36%) |
| Total Shares Offered | 6,140,000 (100%) |
Maxposure Financial Performance
| FY 2021 | FY 2022 | FY 2023 | H1 FY 2024 | |
| Revenue | 20.16 | 32.68 | 31.79 | 20.16 |
| Expenses | 21.98 | 32.81 | 27.50 | 14.71 |
| Net income | 0.36 | 0.35 | 4.41 | 3.71 |
Maxposure Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 0.22 | 0.21 | 2.66 |
| PE ratio | – | – | 11.65 – 12.41 |
| RONW (%) | 1.38 | 1.31 | 14.20 |
| NAV | 7.92 | 8.03 | 9.36 |
| ROCE (%) | 2.73 | 2.50 | 19.55 |
| EBITDA (%) | 5.28 | 3.18 | 21.08 |
| Debt/Equity | 0.03 | 0.01 | 0.03 |
Company Promoters
- Prakash Johari
- Sweta Johari
Promoter Holding
| Pre Issue Share Holding | 84.35% |
| Post Issue Share Holding | 61.58% |
Maxposure IPO Lead Manager(s)
GYR CAPITAL ADVISORS PRIVATE LIMITED
428, Gala Empire, Near JB Tower,
Drive in Road, Thaltej
Ahmedabad-380 054, Gujarat, India
Phone:+91 8777564648
Email: info@gyrcapitaladvisors.com
Website: www.gyrcapitaladvisors.com
Maxposure Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Maxposure Contact Details
MAXPOSURE LIMITED
Ground Floor, 62, Okhla Industrial Estate,
Phase – 3, South Delhi, New Delhi – 110 020, Delhi, India
Phone: +91 114 301 1111
E-mail: info@maxposuremedia.com
Website: www.maxposuremedia.com
Maxposure IPO Allotment Status
Maxposure IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.
Final thoughts
Maxposure IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
