Mumbai, January 23, 2024 – Maxposure Limited, a pioneering force in the new-age media and entertainment sector with focus on the aviation industry, is thrilled to announce 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 Limited’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.
On January 23rd, 2024, Maxposure Limited officially debuted on NSE-Emerge, with its shares being listed under the scrip code: MAXPOSURE. The listing ceremony, organised at NSE, Mumbai, was a momentous occasion, marked by the presence of anchor investors, dignitaries from NSE, senior Maxposure executives, and key stakeholders, celebrating the company’s milestone achievement. The chief guest at the listing ceremony was acclaimed actor and producer Arbaaz Khan. Mr. Khan congratulated Mr. Prakash Johari, Chairman and Managing Director of Maxposure Limited, 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.”
Mr. 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.”
Mr. Johari 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.”
Operating in collaboration with government and private clients both in India and worldwide, Maxposure Limited is organised into four distinct business divisions: Inflight Entertainment, Content Marketing, Technology, and Advertising.
Incorporated in 2006, Maxposure Limited 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.