Incorporated in 2001, Maximus International Ltd (MIL), a wholly owned subsidiary of Optimus Finance Ltd is primarily engaged in the business of importing and exporting lubricant oils, different types of base oils and other chemical products used mainly in the Automobile Industry, Power Industry and Metal manufacturing among others.
The Company acts as a Merchant Exporter and Sourcing Company with a niche focus on lubricants and base oils. It has also started trading in plastic additives used for masterbatches, and certain agro related products. MIL has presence in the markets of Middle East & certain African Countries. It aims to expand its product portfolio in these regions and acts as a sourcing company for various industrial and agricultural based companies.
Maximus offers a wide product range which includes Lubricants and Oil based products like Base Oil, White Oil, Transformer Oil, Engine Oil, Gear Oil / Transmission Fluid, Brake Fluid and Lubricating Oil Additives. They also offers other products like Herbal Pesticides, Integrated Pest Management Equipment, Tractor Spares and Plastic Additives etc.
Optimus Finance Ltd is the promoter of the Company.
The objects of the Issue are:
1. Funding Long Term Working Capital Requirement; and
2. Funding expenditure for General Corporate Purposes.
»» Issue Open: Mar 17, 2017 - Mar 22, 2017
»» Issue Type: Fixed Price Issue IPO
»» Issue Size: 1,506,000 Equity Shares of Rs 10 aggregating up to Rs 3.77 Cr
»» Face Value: Rs 10 Per Equity Share
»» Issue Price: Rs 25 Per Equity Share
»» Market Lot: 6000 Shares
»» Minimum Order Quantity: 6000 Shares
»» Listing At: BSE SME
Maximus International IPO Subscription Status tells if Maximus International IPO subscribed or not. Investors can bid for IPO shares between 10 AM to 5 PM when public issue is open. Maximus International IPO oversubscribed if bids are received for more shares than what is offered by the company.
|Number of Bids Received|
|As on Date & Time||Total|
|Shares Offered / Reserved|
|Day 1 - Mar 17, 2017 21:00 IST||180,000|
|Day 2 - Mar 20, 2017 20:40 IST||396,000|
|Day 3 - Mar 21, 2017 18:40 IST||2,160,000|
|Day 4 - Mar 22, 2017 18:50 IST||4,158,000|
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