Maxposure’s IPO has gotten a great response from investors on the first day. Many people are interested in it. The IPO was requested more than 72 times.
The main reason for this interest is the Grey Market Premium (GMP).
The IPO is doing well in the Grey Market, and today is still a good opportunity for investors.
Grey Market brings happiness to everyone. The price range for the IPO is between Rs 31 and Rs 33 per share.
Today, in the Grey Market, the company is trading at a higher price of Rs 51.
If this continues until the listing, there might be a 154 percent profit on the first day in the stock market.
According to Investor Gain’s report, the IPO may be listed at Rs 84.
Investors can continue to invest until January 17. The IPO opened on January 15, and retail investors have until January 17 to participate.
The shares will be allotted on January 18, 2024. The lot size for Maxposure IPO is 4000 shares, but a retail investor can bet on a maximum of 1 lot.
The IPO raised Rs 5.61 crore from anchor investors when it opened on January 12.
The lock-in period for 50 percent of the shares allotted to anchor investors is 30 days, while the remaining 50 percent is locked for 90 days.
Looking at the company’s financials, the total profit (after tax) in the September quarter was Rs 370.83 crore.
After the IPO, the promoters’ shareholding will decrease from 84.35 percent to 61.58 percent. The company’s promoters are Prakash Johri and Shweta Johri.
