Maxposure IPO

Maxposure IPO Mania: A Rollercoaster Ride of Subscriptions

Maxposure IPO witnesses overwhelming demand with subscriptions soaring to astronomical levels. Check out the frenzy surrounding this hot IPO!

Maxposure IPO has taken the market by storm with an unprecedented 505 times subscription rate on the last day of bidding. The company's fresh equity issue of 61.4 lakh shares has attracted intense investor interest, aiming to raise a substantial amount of Rs 20.26 crore. This IPO, which opened on January 15 and closes on January 17, has already seen a staggering 838.5 times subscription rate, with the retail portion booked at 961 times. The grey market is abuzz with excitement, predicting a 157.58% listing gain for Maxposure.

The second day of the Maxposure IPO saw a remarkable 156.90 times oversubscription, reflecting the immense confidence investors have in the company. With a price range of ₹31 to ₹33 per share, Maxposure specializes in digital media and entertainment, promising strategic developments and debt repayments with the IPO funds. Investors are eagerly awaiting the basis of allotment finalized by January 18 and the subsequent crediting of shares.

Maxposure IPO's spectacular journey continued as it garnered over 150% subscription in just two days, leaving investors astonished with 189 times oversubscription. The frenzy around this IPO underscores the growing appetite for SME offerings in the market, showcasing a strong market sentiment towards media and entertainment companies.

In a surprising turn of events, Maxposure IPO, priced at ₹33 per share, saw a massive 904 times subscription rate, affirming the overwhelming response from investors for this small-sized IPO. With the IPO closing on January 17 and the listing scheduled for January 22, all eyes are on the debut performance of Maxposure in the stock market.