Maxposure and Media Assist Healthcare are scheduled to start the IPO on January 15, while the IPOs for Konstelec Engineers and Addictive Learning Technologies are scheduled to launch on January 19, 2024. Let’s explain the details for you.
Maxposure, a media and entertainment services company, is about to make its first public offering (IPO). The SME release will open for subscirption on January 15, 2024 and ends on January 17, 2024. The company’s price range for its next public offering, which will have a face value of ₹10 per share, is ₹31 to ₹33 per share, according to primary market analysts. With 61.4 lakh shares, it is a completely new offering and is book built at ₹20.26.
A minimum of 4000 shares is required for an application lot size. Retail investors must make a minimum investment of ₹132,000. HNI investments require a minimum lot size of two lots, or 8,000 shares, totaling ₹264,000.
A company called Maxposure Limited offers customized media and entertainment services on a range of platforms. Their areas of expertise include technology, advertising, content marketing, and in-flight entertainment.
Custom editing, metadata development, duplication, audio enhancement, encoding/transcoding in any format for any system, and post-production services are just a few of the services provided by the company’s lab facility in Mumbai.
Maxposure Limited’s revenue increased by 1.03% and profit after tax (PAT) rose by 1162.04% during the financial year ending with March 31, 2023 and March 31, 2022.
Medi Assist Healthcare IPO opens on 15 Jan Monday: On January 15, Medi Assist Healthcare’s initial public offering (IPO) will be available for subscription. By January 17, the issue will close. It is anticipated that both markets would list the company’s shares. All the information on the offer is provided here.
Medi Assist Healthcare’s IPO size:
The IPO, which is an offer to sell 2.8 crore shares, has a price range of Rs 397–418 per share set by the business. Medi Assist is set to become the inaugural insurance third-party administrator (TPA) in India upon IPO. There is an assumed market cap of around Rs 2878 crore after the transaction.
The Medi Assist Healthcare IPO’s structure:
Retail investors will receive 35% of the offer, qualified institutional buyers (QIBs) would receive 50%, and non-institutional investors will receive 15%.
An outline of Medi Assist Healthcare’s Business:
Medi Assist Healthcare uses its fully owned businesses to offer insurance companies third party administration services. An organization that handles health insurance claims on behalf of insurance companies is known as a third party administrator. They also offer additional services like network management, policy administration, and customer service.
Overview of the Medi Assist Healthcare industry
In the year September 2023: 16 third party administrators are in operation in India, offering services to both public and private health insurance companies. They assist in lowering costs and increasing efficiency for insurance companies, all the while giving policyholders important support and assistance.
Medi Assist Healthcare’s fiscal performance
The company’s overall income for the six months ending in September 2023 increased 26% year over year to Rs 312 crore, while its net profit decreased 39% to Rs 22.5 crore.
Purposes of the Medi Assist Healthcare IPO:
Since the IPO is entirely an OFS and the selling shareholders will receive the full proceeds, the firm will not receive any funds from it.
Present GMP of Medi Assist Healthcare:
In the unlisted market, market analysts estimate that Medi Assist Healthcare’s current GMP is Rs 64.
Medi Assist Healthcare IPO listing date and share allotment : The IPO’s share allotment will be completed on January 18, and January 22 is the set date for listing.
- IPO Opening Date for Konstelec Engineers
Next, on January 19, 2024, Konstelec Engineers is going to launch an initial public offering (IPO) of Rs 28.70 crore.
IPO: Price range for Konstelec Engineers
The 41 lakh newly issued shares are priced between Rs 66 and Rs 70 per share.
IPO Closing Date for Konstelec Engineers
The deadline for investors to join is January 22, 2024.
Konstelec Engineers: Date of Listing for IPO
January 25, 2024 is the possible listing date.
IPO Date for Addictive Learning Technology:
Finally, Addictive Learning Technologies makes a splash with its Rs 60.16 crore initial public offering (IPO) on January 19, 2024.
Price, Listing Date, and Closing Date of Addictive Learning Technology IPO
The IPO, which is priced between Rs 130 and Rs 140 per share, ends on January 23, 2024, and a possible listing date is January 29, 2024.
Lot Size for Addictive Learning Technology’s IPO
One thousand shares, or Rs. 1,40,000, is the minimum lot size. There are hints of a listing price of Rs 265 per share in the grey market.