Maxposure IPO opened for subscription and is garnering a bumper response from investors. The issue, which closes on January 17, was booked 24 times on the first day of bidding. The IPO is a fresh equity issue of up to 61.4 lakh shares, priced at Rs 31-33 apiece. For the period ended September 2023, Maxposure recorded revenues of Rs 20.16 crore and a net profit of Rs 3.70 crore. The net proceeds from the public offer will be used for various purposes including working capital requirements and debt repayment.
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