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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.
| IPO Opening Date | Mar 17, 2017 |
| IPO Closing Date | Mar 22, 2017 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹25 per equity share |
| Market Lot | 6000 Shares |
| Min Order Quantity | 6000 Shares |
| Listing At | BSE SME |
| Issue Size | 1,506,000 Eq Shares of ₹10 (aggregating up to ₹3.77 Cr) |
The Maximus International IPO market lot size is 6000 shares. A retail-individual investor can apply for up to 1 lots (6000 shares or ₹150,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 6000 | ₹150,000 |
| Maximum | 1 | 6000 | ₹150,000 |
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...
The Maximus International IPO is subscribed times on 3/22/2017 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)
| Category | Subscription (times) |
|---|
| Listing Date | Thursday, March 30, 2017 |
| BSE Script Code | 540401 |
| NSE Symbol | |
| Listing In | M Group of Securities |
| ISIN | INE544W01013 |
| IPO Price | ₹25 per equity share |
| Face Value | ₹10 per equity share |
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Maximus International Ltd
301, Atlantis Heritage,
Dr. Vikram Sarabhai Marg,
Vadi Wadi, Vadodara - 390 003
Phone: +91–265–234 5321
Email: info@maximusinternational.in
Website: http://www.maximusinternational.in
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
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 equity share. The minimum order quantity is 6000 Shares.
The IPO opens on Mar 17, 2017, and closes on Mar 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 Mar 17, 2017 and closes on Mar 22, 2017.
Maximus International IPO lot size is 6000 Shares and the minimum order quantity is 6000 Shares.
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, Edelweiss, 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.
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