The IPO of Maxposure Limited, an SME IPO, closed on December 17 with a remarkable total subscription of 987.47 times. On the last day of subscription, qualified institutions subscribed 162.35 times, non-institutional buyers 1947.55 times and retail investors 1034.23 times, as per data available on Chittorgarh.com. The IPO, which opened on December 15, is a book offering worth Rs 20.26 crore. The issue is entirely a fresh issue of 61.4 lakh shares.
The price band for the issue is Rs 31-33 per share.
With all the attention now turning to the allotment process, here are the details that investors should keep in mind when it comes to allotment of Maxposure Limited shares.
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