Maxposure IPO subscription crosses 100 times on Day 2; GMP at 160% over issue price
The IPO of Maxposure, a new-age media and entertainment company, is generating strong investor interest. The issue has been oversubscribed by over 100 times on the second day of bidding, with the overall subscription at 106 times. Retail investors have subscribed 184 times, followed by NIIs at 105 times. The QIB portion was booked 3.65 times. The IPO aims to raise Rs 20.26 crore and the net proceeds will be used for certifications, working capital, debt repayment, and general purposes.
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