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Maximus International Ltd IPO (Maximus International IPO) Detail

March 17, 2017 - March 22, 2017

Maximus International IPO is a fixed price issue of Rs 3.77 crores.

Maximus International IPO bidding started from March 17, 2017 and ended on March 22, 2017. The shares got listed on BSE SME on March 30, 2017.

Maximus International IPO price is ₹25 per share. The minimum lot size for an application is 6000 Shares. The minimum amount of investment required by retail investors is ₹150,000.

Aryaman Financial Services Limited is the book running lead manager of the Maximus International IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to Maximus International IPO DRHP for detailed information.

Maximus International IPO Details

IPO Date March 17, 2017 to March 22, 2017
Listing Date March 30, 2017
Face Value ₹10 per share
Price ₹25 per share
Lot Size 6000 Shares
Total Issue Size1,506,000 shares
(aggregating up to ₹3.77 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME

Maximus International IPO Lot Size

Investors can bid for a minimum of 6000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 6000 ₹150,000
Retail (Max) 1 6000 ₹150,000
Lot Size Calculator

About Maximus International Ltd

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.

Objects of the Issue (Maximus International IPO Objectives)

The objects of the Issue are:

1. Funding Long Term Working Capital Requirement; and
2. Funding expenditure for General Corporate Purposes.

Maximus International IPO Review (May apply)

[Dilip Davda]  Considering track record and the aggressive pricing of Maximus International BSE SME IPO, only cash surplus risk savvy investors may consider investment for long term. Read detail review...

Maximus International IPO Subscription Status (Bidding Detail)

The Maximus International IPO is subscribed times on March 22, 2017 6:50:00 PM. The public issue subscribed times in the retail category, times in the QIB category, and times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Maximus International IPO Prospectus

Maximus International IPO Rating

Rating:Rated 2.5 stars
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Maximus International IPO Listing Details

Listing Date March 30, 2017
BSE Script Code 540401
NSE Symbol
ISIN INE544W01013
Final Issue Price ₹25 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Maximus International Ltd Contact Details

Maximus International Ltd
301, Atlantis Heritage,
Dr. Vikram Sarabhai Marg,
Vadi Wadi, Vadodara - 390 003
Phone: +91–265–234 5321

Maximus International IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Maximus International IPO - Buy or Not

Maximus International IPO Recommendation Summary

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Maximus International IPO FAQs

Maximus International IPO is a SME IPO of 1,506,000 equity shares of the face value of ₹10 aggregating up to ₹3.77 Crores. The issue is priced at ₹25 per share. The minimum order quantity is 6000 Shares.

The IPO opens on March 17, 2017, and closes on March 22, 2017.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

The Maximus International IPO opens on March 17, 2017 and closes on March 22, 2017.

Maximus International IPO lot size is 6000 Shares, and the minimum amount required is ₹150,000.

You can apply in Maximus International IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Maximus International IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Maximus International IPO allotment status.

The Maximus International IPO listing date is on March 30, 2017.
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Maximus International IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



8. Manishk |   Link |  Bookmark |March 31, 2017 7:21:58 PM
Shankara Premium......?
7. NPT |   Link |  Bookmark |March 29, 2017 8:30:32 PM (200+ Posts, 300+ Likes)
Listing tomorrow at 9.15 am, BSE.
6. NARENDRA KOTECHA |   Link |  Bookmark |March 27, 2017 9:43:27 PM
Listing Dr of maximus international some ipo
5. I M Patel |   Link |  Bookmark |March 19, 2017 3:25:54 PM
Is this good SME IPO?
Whts the GMP??
4. Mahesh |   Link |  Bookmark |March 16, 2017 2:46:03 PM
Can we sell these SME shares using our regular DEMAT account??
How can we know if our account supports sell/buy in SME platforms??
3. Mahesh |   Link |  Bookmark |March 16, 2017 2:45:48 PM
Can we sell these SME shares using our regular DEMAT account..
How can we know if our account supports sell/buy in SME platforms..
2. Mahesh |   Link |  Bookmark |March 16, 2017 2:45:20 PM
Can we sell these SME shares using our regular DEMAT account
How can we know if our account supports sell/buy in SME platforms
1. sanika horo |   Link |  Bookmark |March 13, 2017 9:19:31 PM