Maxposure Ltd - IPO

Maxposure Ltd IPO Details

Initial public offer of 61,40,000 equity shares of face value of Rs. 10/- each (Equity Shares) of Maxposure Limited (the Company or Maxposure or Issuer) at an issue price of Rs. 33 per equity share (including a share premium of Rs. 23 per equity share) for cash, aggregating Rs. 20.26 crores (Public Issue) out of which 3,72,000 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 33 per equity share for cash, aggregating Rs. 1.23 crores will be reserved for subscription by the market maker to the issue (the Market Maker Reservation Portion). The public issue less market maker reservation portion i.e. issue of 57,68,000 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 33 per equity share for cash, aggregating Rs. 19.03 crores is hereinafter referred to as the Net Issue. The public issue and net issue will constitute 26.99% and 25.36% respectively of the post-issue paid-up equity share capital of the company.*Subject to finalization of basis of allotment

Objective of issue

Funding of expenses proposed to be incurred obtaining certifications from the Federal Aviation Administration (FAA) and the European Union Aviation Safety Agency (EASA) for wireless streaming server (Aerohub) and patented inviseo tray table. Funding working capital requirements of the company for mfg the proposed products and the working capital requirements of the company in the ordinary course of business. Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company. General corporate purposes.

Maxposure Ltd Contact Details

Maxposure Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - info@maxposuremedia.com

Website - www.maxposuremedia.com