Maxposure IPO: GMP Hints Premium Listing; Check Subscription And Allotment Status

Investors awaiting the outcome of the Maxposure IPO can now check their share allotment status as the process concludes on January 18. Find out how many shares you've been allotted and discover the next steps in this highly anticipated listing.

If you've applied for a Maxposure IPO, the moment of truth is here. Follow these simple steps to check your allotment status:

Log on to the Maxposure IPO allotment page on the website of the IPO registrar, Bigshare Services Pvt Ltd.
Select 'Maxposure' from the drop-down menu bar indicating the IPO name.
Choose the option to enter details - PAN number, application number, or demat account number.
Input the relevant details based on your selection.
Click on the 'Search' button.
Your Maxposure IPO allotment status will be displayed on the screen.
Investors not allotted shares will initiate the refund process starting January 19, while those receiving shares will see them credited to their demat accounts on the same day. The anticipated listing date on NSE SME is Monday, January 22, 2024.

The Maxposure IPO witnessed an overwhelming response from investors, reaching a subscription level of 987.47 times on its final day. The subscription journey saw day 1 at 72.58 times, day 2 at 190.43 times, and 987.47 times on the third and final day.

Valued at Rs 20.26 crore, the SME IPO comprises a fresh issue of 6,140,000 equity shares with a face value of Rs 10 each, without any offer for sale. Priced between Rs 31 to Rs 33 per share, the lot size was set at 4,000 shares, with investors allowed to bid in multiples thereof.

Maxposure, a new-age media and entertainment company, boasts a diverse range of services across various distribution platforms. Specializing in custom solutions, the company's four pillars include advertising, content marketing, technology, and in-flight entertainment. The promoters, Prakash and Sweta Johari lead the charge for Maxposure.

In the grey market, Maxposure IPO's Grey Market Premium (GMP) currently stands at +70, indicating a significant surge from the previous session. As per investorgain.com, the grey market premium suggests that Maxposure shares are trading at a premium of Rs 70.

This positive trend in the grey market points towards investor confidence, signifying their willingness to pay more than the issue price. Considering the upper end of the IPO price band and the current GMP, the estimated listing price of Maxposure shares is projected at Rs 103 per share. This represents a 212.12% increase from the IPO price of Rs 33.

Investors are closely watching this development, and the strong GMP underscores the enthusiasm surrounding Maxposure's market debut. As the listing date approaches on January 22, all eyes will be on the NSE SME to witness the market's response to the Maxposure IPO.

Maxposure IPO's successful subscription status, coupled with the robust Grey Market Premium, hints at a promising market debut. Investors are encouraged to stay updated on the allotment status and listing day developments.