Maxposure, a pioneering force in the new-age media and entertainment sector with focus on the aviation industry, announces the resounding success of its Initial Public Offering (IPO) and subsequent listing on NSE-Emerge. The Shares of Maxposure made an excellent debut on the listing day. The stock got listed at ₹145, a 339.39% premium to the issue price of ₹33 NSE SME.
The IPO of Rs 20.26 crore received record-breaking subscription in NII (Non-Institutional Investor) and QIB (Qualified Institutional Buyer) category, the highest in SME history! The IPO witnessed an overwhelming response from investors, reflecting confidence in Maxposure’s robust business model and growth prospects. The issue was oversubscribed by 987.47 times, calculated after the exclusion of the market maker and anchor investor portion shares, showcasing strong demand and trust from the investment community.
The chief guest at the listing ceremony was acclaimed actor and producer Arbaaz Khan. Arbaaz congratulated Prakash Johari, Chairman and Managing Director of Maxposure, and said, “I extend my heartfelt congratulations to Mr. Johari and the entire Maxposure team. I am thrilled to witness the tremendous acclaim that the IPO has received, and I foresee exciting collaborations in the future. I am delighted to be here at the Listing Ceremony and offer my support to the team.”
Prakash Johari shared his enthusiasm for the support received from Mr. Khan and said, “My board and I are elated by the encouragement extended by Mr. Khan, a distinguished name in the Indian entertainment landscape.”
Prakash also expressed heartfelt gratitude to investors and stakeholders, stating, “We deeply appreciate the enthusiastic support received, highlighting the confidence and trust our stakeholders have bestowed upon us. This remarkable success inspires us to remain steadfast in delivering significant value to our shareholders, positioning us for continuous growth and ongoing success.”
Incorporated in 2006, Maxposure is one of the few companies in India that offers 360-degree services across multiple content distribution platforms. The company’s innovative and diverse service portfolio and result oriented strategies have aided in curating an industry-wide client selection across various geographies. Maxposure Limited has been associated with aviation and travel industry leaders, including IndiGo, Air India, Gulf Air, Air Arabia, Incredible India, Madhya Pradesh Tourism Board, Ministry of External Affairs, Oberoi Hotels and Resorts, the Taj Group of Hotels to name a few.
