Maxposure Ltd. has announced public offering of 6140000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 23.00 per share. The gross proceeds of the issue are expected to be Rs 2,026.20 lakhs.

The company's initial public offer (IPO) will open on 15 January 2024 and is expected to close on 17 January 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 31.00-33.00 per share.

The IPO includes a fresh Issue of 6140000 Equity Shares of the Company at an price of Rs 33.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 4000 shares with bids in multiples of 4000.

Maxposure Ltd. anticipates using the proceeds of the issue for .

GYR CAPITAL ADVISORS PRIVATE LIMITED as lead manager & Bigshare Services Private Limited. is the registrar, to the issue.