Maxposure shares debut with 339% premium on NSE SME platform

Maxposure shares debut on NSE SME platform with a premium of 339.4% after a successful IPO. The IPO, consisting of a fresh equity sale of 61.4 lakh shares, received over 900 times subscription. The stock listed at Rs 145 on NSE, compared with an offer price of Rs 33. The strong buzz was reflected in the grey market premium as well, with investors willing to pay a GMP of Rs 70. The net proceeds from the IPO will be used for various purposes including funding expenses, working capital requirements, and debt repayment.

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