Unlisted shares of Maxposure Ltd are trading Rs 105 higher in the grey market, which is a 218.18 per cent listing gain from the public issue
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The share allotment of the Maxposure IPO, which closed on Wednesday receiving a blockbuster response from investors, has been finalised. Now, the shares are going to be listed on the SME NSE on Monday, January 22. Given the current GMP, the IPO is likely to record around 220 per cent gain on the listing day.
Maxposure IPO GMP Today
According to market observers, unlisted shares of Maxposure Ltd are trading Rs 105 higher in the grey market as compared with its issue price. The Rs 105 grey market premium or GMP means the grey market is expecting a 218.18 per cent listing gain from the public issue. The GMP is based on market sentiments and keeps changing.
‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
How to Check Maxposure IPO Allotment Status via the Registrar’s Website (Bigshare Services Pvt Ltd):
The Maxposure IPO allotment status is also visible on the registrar’s website. Here’s a step-by-step guide to check Maxposure IPO application status:
1)Go to the Bigshare Services Pvt Ltd website via the URL (https://www.bigshareonline.com/ipo_Allotment.html)
2) From here, you will have to select one of the three available servers
3) Select the name of the IPO via the dropdown menu. The name will only be populated when the share allotment process is finalised
4) You need to select either one of the three modes: Application number, Beneficiary ID or PAN ID
5) Enter the details of the mode you selected in Step 3
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6) Click on the search option
Your allotment status will be visible now
Maxposure IPO Details
Maxposure IPO, a book-built issue of Rs 20.26 crore, was opened for public subscription between January 15 and January 17. The issue is entirely a fresh issue of 61.4 lakh shares.
The IPO price band was fixed at Rs 31-Rs 33 per share. The minimum lot size for an application was 4,000 shares, and the minimum amount of investment required by retail investors was Rs 1,32,000.
On the final day of bidding on Wednesday, the SME IPO received 987.47 times subscription, garnering bids for 4,01,70,32,000 shares as against 4,068,000 shares on offer. The share allotment will take place today, Thursday, and the investors will start receiving bank debit messages in the evening.
The listing of the Rs 20.26-crore IPO will take place on January 22 on the NSE SME.
GYR Capital Advisors Private Limited is the book-running lead manager of the Maxposure IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Maxposure IPO is Giriraj Stock Broking.
The company’s innovative and diverse service portfolio and result-oriented strategies have aided in curating an industry-wide client selection across various geographies.
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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.
