Maxposure Limited IPO - Review, Valuation,Opening Date,Todays GMP

Maxposure Limited IPO - Complete Overview

Maxposure Limited started in August 2017 and offers media and entertainment services. They focus on Inflight Entertainment, Content Marketing, Technology, and Advertising in simple terms They cater to airlines' Inflight Entertainment needs, curating, licensing, and adapting content for a better onboard experience

The company, based in Mumbai, has a lab that provides services like editing, metadata creation, duplication, audio enhancement, and post-production.

Maxposure has offices in Delhi, Mumbai, Bengaluru, and Kolkata, with a wide sales network in India. They have also managed projects in the Indian subcontinent and the Middle East for companies like Gulf Air, Air Arabia, and Jazeera Airways.

The company excels in building creative brand stories and managing digital campaigns, working with both private and government brands. Their expertise spans online and offline platforms, ensuring effective reach and engagement for their clients.

 

Maxposure Limited IPO Overview

Maxposure Limited IPO date is slated to be open for subscription from January 15, 2024, to January 17, 2024. This NSE SME IPO follows a Book Built Issue IPO].

Maxposure Limited IPO price is fixed at Rs. 31 - Rs. 33 per share. The upcoming NSE SME IPO listing date is not confirmed yet.

The total issue size of this IPO amounts to Rs.20.26 CR. The company has reserved 50% for institutional investors, 15% for non-institutional investors, and 35% for retail investors. 

 

Maxposure Limited IPO timetable (Tentative)

Events	Date
IPO Opening Date	15 January 2024
IPO Closing Date	17 January 2024
IPO Allotment Date	18 January 2024
Refund initiation	19 January 2024
IPO Listing Date	22 January 2024

 

Maxposure Limited IPO Details

IPO Opening & Closing Date	15 January to 17 January 2024
Face Value	Rs. 10 per share
Issue Price	Rs. 31 - Rs. 33  per share
Lot Size	4000  Shares
Price of 1 Lot	Rs. 1,32,000
Total Issue Size	6,140,000 Shares (aggregating up to Rs.20.26 Cr)
Fresh issue	6,140,000 Shares (aggregating up to Rs.20.26 Cr)
Listing at	NSE SME
Issue Type	Book Built Issue IPO
Registrar	Bigshare Services Pvt Ltd

 

Detailed Video

 

Maxposure Limited IPO Lot Details

Application	Lot	Shares
Minimum Lot Investment (Retail)	1 lot	4000
Maximum Lot Investment (Retail)	1 lot	4000
Minimum Lot Investment (HNI)	2 lot	8000

 

 

 

Maxposure Limited IPO Reservation

QIB Shares Offered	Maximum 50%
Retail Shares Offered	Minimum 35%
Other Shares Offered	Minimum 15%

 

Company Financial

As of September 30, FY23, the company's assets, revenue, profit, net worth, and reserves increased, while borrowings also went up from the previous year.

(Amount in Lakhs)

Period	Sep 30, FY 23	Mar 31, FY 23	Mar 31, FY 22
Total Assets	5,355.21	4,878.51	4,485.18
Total Revenue	2,059.05	3,355.55	3,321.31
PAT	370.83	441.21	34.96
Net worth	3,478.21	3,114.34	2,666.17
Reserve & Surplus	3,146.19	2,775.36	2,334.15
Total Borrowings	462.31	333.76	293.65

 

Revenue Distribution Customer-wise

As of June 30, FY23, the company's revenue comes from various sources including Advertising, Content Marketing, Inflight Entertainment, and Technology, showing changes compared to previous years.     

(Amount in Lakhs)

Particulars	Jun 30, FY 23	Mar 31, FY 23	Mar 31, FY 22
Advertising	694.90	643.38	224.61
Content marketing	434.57	900.14	2273.96
Inflight entertainment;	649.53	1228.43	322.33
Technology	237.14	406.95	447.08
Total	2016.14	3178.92	3267.99

 

Revenue Distribution Geographical-wise

As of June 30, FY23, the company's revenue is primarily from exports, with a smaller portion coming from domestic sources, showing changes from previous years.

(in %age)

Particulars	Jun 30, FY 23	Mar 31, FY 23	Mar 31, FY 22
Domestic	24.08%	4.23%	6.02%
Exports	75.92%	95.77%	93.98%
Total	100.00%	100.00%	100.00%

 

Revenue By Operations

As of September 30, FY23, the company's total revenue from operations, including core activities and other sources, shows changes compared to previous years.

(Amount in Lakhs)

Particulars	Sep 30, FY 23	Mar 31, FY 23	Mar 31, FY 22
Revenue from operations	2,016.13	3,178.92	3,268.00
Other Operating Income	42.92	176.63	53.31
Total Revenue from operations	2,059.05	3,355.55	3,321.31

 

 

 

The Objective of the Issue

The company intends to use the net proceeds for the following objectives.

• Fund certifications for FAA and EASA for AeroHub and Inviseo tray table.
• Support working capital needs for manufacturing Proposed Products and regular business operations.
• Repay existing loans.
• Cover general corporate expenses.

 

Promoters and Management of Maxposure Limited IPO

1. Prakash Johari.
2. Sweta Johari.

Pre-issue Promoter shareholding	84.35%
Post-issue Promoter shareholding	61.58%

 

Maxposure Limited IPO Lead Managers

• GYR Capital Advisors Private Limited.

 

Peers of Maxposure Limited IPO

Name of the Company	Face value (Rs. per share)	P/ E	EPS (Basic) (Rs.)
Maxposure Limited	10	24.08	1.37
Crayons Advertising Limited	10	17.91	9.22

 

Evaluation

The IPO is priced within the range of Rs. 31 - Rs. 33 per share.

Evaluation of P/E Ratio

- Considering the FY23 EPS of Rs 1.37  from the last year, the resulting P/E ratio is 24.08x.

- Taking into account the weighted EPS of Rs 1.44 for the last three years, the P/E ratio amounts to 22.92x.

Hence, the Initial Public Offering (IPO) price range, with a Price/Earnings (P/E) ratio ranging from 24.08x to 22.92x, is considered slightly overvalued when compared to the industry average of 15.16.

 

Dividend Policy

The company hasn't paid dividends in past fiscal years. Whether we can pay them in the future depends on factors like profits, past dividend trends, capital needs, legal restrictions, and other relevant considerations evaluated by our Board.

 

IPO's Strengths

• Experienced Promoters and Management Team;

• Long standing relationships with customers;

• Efficient operational team;

• Consistent financial performance

 

IPO's Weaknesses

• Expanding into new products and more offerings brings new challenges and risks.

• Growing in new areas may not be profitable and could impact our business.

• Uncertainty in obtaining certifications for proposed products could hurt our operations.

• Depending on content providers and third parties poses risks to our services.

• Operating globally exposes us to economic, regulatory, and political risks.
  
  

 

 

IPO GMP Today 

The latest GMP of Maxposure Limited IPO is Rs. 80.

 

Conclusion

Maxposure Limited's IPO, scheduled from January 15 to January 17, 2024, offers shares at Rs. 31-33. The company, specialising in media and entertainment services, exhibits growth in assets, revenue, and net worth but sees increased borrowings. The IPO aims to raise funds for certifications, working capital, loan repayment, and general expenses.

Strengths include an experienced team and consistent financial performance, while weaknesses involve uncertainties in new product ventures and global operational risks. 

 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

 

To Read the Prospectus of the Company Click Here to Download the DRHP.

 

 

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