₹124.23 Crores | Listing at BSE, NSE | Wed, May 7, 2025 - Thu, May 22, 2025
Max India Limited Rights Issue comprises 0.8282 Cr equity shares aggregating to ₹124.23 Cr, offered at an issue price of ₹150 per share with a face value of ₹10 per share.
The record date for determining eligible shareholder is Apr 29, 2025, with the Rights Issue being offered in the entitlement ratio of 19 : 100.
The term of payment is defined as following : Issue Price of Rs.150/- per Share is payable on Application.
The Rights Entitlements are expected to be credited to eligible demat accounts on May 23, 2025.
The Rights Issue opens on May 7, 2025, and closes on May 22, 2025, with renunciation of Rights Entitlements permitted up to May 16, 2025.
The deemed date of allotment is May 23, 2025, following which the equity shares are expected to be credited to demat accounts on May 26, 2025 and listed at the NSE and the BSE on May 26, 2025.
MAS Services Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Max India Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Tue, Apr 29, 2025
Entitlement Ratio
19 : 100
Open Date
Wed, May 7, 2025
Close Date
Thu, May 22, 2025
Issue Price of Rs.150/- per Share is payable on Application.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 6,843.42 | 7,534.00 | 8,583.18 |
| Revenue | 1,947.35 | 2,134.55 | 2,374.37 |
| Profit After Tax | -563.77 | -103.83 | -161.36 |
| Reserves and Surplus | 8,208.15 | 8,818.06 | 8,742.25 |
| Amount in ₹ Crore | |||
Incorporated in 2019, Max India Limited is the holding company for the Max Group's Senior Care business, which operates under the brand Antara.
Antara is the flagship brand under Max India Limited, focusing exclusively on senior care services.Established in 2013, Antara operates two primary business verticals:
The company has diversified its offerings in home healthcare, medical equipment rentals, and assisted living facilities. These services have gained traction post-COVID, as families seek reliable healthcare solutions for elderly members at home.
Max India has introduced tech-enabled services, including telehealth consultations, health monitoring apps, and emergency response systems, tailored to seniors, marking its entry into digital health for elderly care.
The Company intends to utilise the Net Proceeds from the Issue towards funding of the following objects:
[Dilip Davda] MIL is having third party model of business, which is mainly in marketing of products and providing related services. The company has posted losses for the reported periods. It is operating in a highly competitive and fragmented segment. Based on its financial data, the issue appears aggressively priced. There is no harm in skipping this “High Risk/Low Return” pricey bet. Read detail review...
Max India Rights Issue 2025 got oversubscribed by 1.45 times by the end of the bidding period with total bid quantity received by BSE and NSE of 1,20,20,845 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | NSE Bid Quantity | Total Bid Quantity | Subscription Times |
|---|---|---|---|---|
May 22 2025 17:00:00 | 93,18,381 | 27,02,464 | 1,20,20,845 | 1.45x |
Max India Limited
167, Floor 1,Plot-167A
Ready Money Mansion, Dr. Annie Besant Road
Worli, Mumbai, , 400018
Mumbai, Maharashtra, 400018
The Max India Rights Issue 2025 opens on Wed, May 7, 2025, and closes on Thu, May 22, 2025.
Max India Rights Issue 2025 Schedule
| Last Date for credit of Rights Entitlements | Wed, Apr 30, 2025 |
| Last Date for renunciation of Rights Entitlements | Fri, May 16, 2025 |
| Issue Opening Date | Wed, May 7, 2025 |
| Issue Closing Date | Thu, May 22, 2025 |
| Date of Allotment (on or about) | Fri, May 23, 2025 |
| Date of Credit (on or about) | Mon, May 26, 2025 |
| Date of Listing (on or about) | Mon, May 26, 2025 |
You can apply for Max India Rights Issue 2025 in two ways:
Steps to apply for Max India Rights Issue 2025 using Net Banking (ASBA)
Steps to apply for Max India Rights Issue 2025 using Registrar's website (R-WAP)
