Marquee Investors Acquire Stake In Maxposure Pre-IPO And Anchor Investor Portion

Maxposure initial public offering’s (IPO) anchor investor portion gets 100 per cent subscription from marquee investors in anchor investor bidding. Institutional investors, namely India Ahead Venture Fund, Tano Investment Opportunities Fund, Minerva Emerging Opportunities Fund, Eminence Global Fund Pcc – Eubilia and Capital Partners Fund I, have secured stakes in Maxposure upcoming IPO, scheduled to open on 15 January and close on 17 January 2024. Moreover, distinguished institutional investors, including India Ahead Venture Fund, Wallfort Financial Services, and Finavenue Capital Trust-Finavenue Growth Fund, have already executed strategic Pre-IPO placements in the company in November 2023.

Prakash Johari, the Chief Executive Officer of Maxposure, expressed his enthusiasm regarding the strategic collaboration with marquee investors ahead of the IPO. Johari highlighted the significance of having India Ahead Venture Fund, Tano Investment Opportunities Fund, Minerva Emerging Opportunities Fund Limited, Eminence Global Fund Pcc – Eubilia and Capital Partners Fund I as anchor investors, considering it as a testament of Maxposure’s potential for expansive growth and its proven capability to develop technology-driven innovations. The anchor and pre-IPO investments in Maxposure, supported by seasoned industry experts and underpinned by their long-term commitment to the company, will provide strategic mentorship and guidance to Maxposure’s management to navigate the company along a robust growth trajectory and foster value creation for all stakeholders.

The company says its leadership remains dedicated to delivering exceptional value to both stakeholders and investors. The IPO signifies Maxposure’s journey towards broader horizons and enhanced opportunities. With the support of high-value investors, Maxposure is poised for continued success in the ever-evolving landscape of media and entertainment.

Maxposure, a pioneering force in the new-age media and entertainment industry, is gearing up for a significant milestone with its upcoming IPO. According to the RHP filed with NSE Emerge, 61,40,000 equity shares are offered and the price band is set at Rs 31 to 33 per share. The minimum lot size for an application is 4,000 shares.

The minimum amount of investment required by retail investors is Rs. 1,24,000. GYR Capital Advisors Private is the book-running lead manager of the Maxposure IPO, BigShare Services Private is the registrar for the issue.

Incorporated in 2006, Maxposure offers 360-degree services across multiple content distribution platforms. The company’s innovative and diverse service portfolio and result oriented strategies have aided in curating an industry-wide client selection across various geographies. Maxposure 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.

The company has developed a wireless streaming server (“WMS”) known as AeroHub WMS, which enables around 100 devices (phones, tablets, laptops) to stream content onboard aircrafts at high speed at a reduced cost as compared to traditional inflight screens. Also, as part of its content marketing and to cater customers globally, the company offers content services in over 21 foreign and regional languages. .