Maximus International IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 18, 2022Let’s have a detailed review of the company and analytics of the Maximus International IPO release date, IPO offer price, subscription, Maximus International Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Cash Price | Rs [●] |
| Listing At | BSE |
| Min. Order Quantity | NA |
| Listing Date | NA |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs Lakh |
| IPO Size | Rs 2,700 Lakh |
| Tick Size | 1 |
Maximus International IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
Maximus International IPO – Summary
Their Company was incorporated as Maximus International Limited on December 22, 2015, under the Companies Act, 2013 with the Registrar of Companies, Ahmedabad, Gujarat, bearing Registration No. 085474. The Company’s Corporate Identity Number is L51900GJ2015PLC085474. Their Company is a subsidiary of Optimus Finance Limited which is a BSE Listed Company and also RBI Registered NBFC.
They are a manufacturer, importer, and exporter of lubricants, different types of base oils, and other petrochemical products used mainly in industries such as automotive, metalworking, refrigeration, electrical, and paint.
The Promoter of this company is OPTIMUS FINANCE LIMITED. The lead manager to the issue is ARYAMAN FINANCIAL SERVICES LIMITED, and the Registrar to this issue is BIG SHARE SERVICES PRIVATE LIMITED.
Maximus International IPO Date
The opening and the closing date of Maximus International IPO are not available yet.
Maximus International IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – | ||||
| 2nd Day – | ||||
| 3rd Day – | ||||
| Shares Offered or Net Issue |
The shares subscribed by the public will be updated here.
Check Maximus International IPO LIVE Subscription
- Maximus International IPO LIVE Bid details on BSE
- Maximus International IPO LIVE Bid details on NSE
For the Latest Bid details click on the above links.
Maximus International IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Maximus International Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | – |
| Refunds Initiation | – |
| Credit of Shares to Demat Account | – |
| Share Listing Date | – |
Maximus International IPO Cash Price
The face value of each share is Rs.10, but the price band of the IPO is Rs.[●]
Maximus International IPO Equity Size
This Initial Public Issue of X Equity Shares of Rs.10 each for cash at a price of Rs.[●] per equity share aggregating to Rs.2,700 Lakh.
Maximus International IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.10/ each.
Issue Size: X Equity Shares of Rs.10 each, aggregating to Rs.2,700 Lakh
Maximus International IPO – Live Performance
The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Maximus International Share Price |
Maximus International IPO Grey Market Premium
The Maximus International Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Maximus International IPO – Company Overview
Their company on a standalone basis is primarily a merchant exporter and sourcing company and is the parent company of their global lubricant operations owns through their subsidiaries manufacturing setups in Kenya as well as UAE. Their consolidated manufacturing capacity for lubricants and specialty oils/chemicals is 18,000 KL p.a.
Maximus International on a standalone basis primarily acts as a Merchant Exporter and Sourcing Company with a niche focus on lubricants and base oils. Their Company has also started trading in plastic additives used for masterbatches. Their trading business model does not require them to take physical delivery of the goods imported and exported by them.
They import goods on the basis of customer-specific requirements and the same is transported directly from their supplier to their customer. Due to the above, they require minimum regulatory clearances and also save considerable resources due to less compliance with various regulators.
This helps them in concentrating on their core business activity and in building better trade relations in the international market. This model also reduces the time of delivery to their customers which enables them to negotiate better prices with them as compared to their competitors. Since their trading business model does not entail the delivery of goods, they considerably save their inventory costs and related overheads
Maximus International IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | |||
| 31-Mar-21 | 31-Mar-20 | Mar-19 | |
| Total Assets | 4,636.14 | 4,251.72 | 2,238.68 |
| *Total Revenue | 5312.02 | 3199.87 | 5850.38 |
| Total Expense | 4,916.88 | 2,893.07 | 5,515.61 |
| Profit After Tax | 353.22 | 270.65 | 309.70 |
Earnings per Equity Share (in Lakh)
| 31-Mar-21 | 31-Mar-20 | Mar-19 | |
| Basic & Diluted | 2.48 | 1.99 | 1.48 |
Further, their PAT for the period ended on March 31, 2021, March 31, 2020, and March 31, 2019, were Rs. 353.22 Lakh, Rs. 270.65 Lakh, and Rs. 309.70 Lakh respectively.
Maximus International IPO – Promoters
The Promoter of this company is:
- OPTIMUS FINANCE LIMITED
List of Related Parties (Key Managerial Personnel)
- Deepak Raval, Chairman, and Managing Director
- Murali Krishnamoorthy, Non-Executive Independent Director
- Vinay Pandya, Non- Executive Independent Director
- Anand Muley, Non- Executive Independent Director
- Niharkumar Naik, Non- Executive Independent Director
- Jigisha Thakkar, Non-Executive Independent Director
Maximus International IPO – Promoters Holding
- Pre Issue Share Holding – %
- Pos Issue Share Holding – %
Maximus International IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to X Equity Shares aggregating up to Rs.2,700 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Lakh |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Lakh |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 1,25,72,000 Equity Shares |
| Equity Shares outstanding after the Issue | X Equity Shares |
Maximus International IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. Funding Working Capital requirements and
2. General Corporate Purposes.
Maximus International IPO – Business Strategy
- Increase in Order-taking Appetite by augmenting their working capital base
- Financial discipline coupled with a strategy to monetize assets
- Expansion of product range
- Increase their penetration into domestic and international markets
- Develop a Tax-Friendly business model
Maximus International IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Well Qualified & Experienced Management
- Wide range of products in lubricants
- Well established client relationship
- Existing International Trade Relations
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 2.48 | 14.68 | 16.87 |
| 31-Mar-20 | 1.99 | 12.95 | – |
| Mar-19 | 1.48 | 11.34 | – |
Maximus International IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Maximus International Limited | 10 | [●] | 2.48 | 14.68 | 5312.02 |
| Listed Peers | |||||
| Gulf Oil Lubricants India Limited | 2 | 16.29 | 39.86 | 23.01 | – |
| Tide Water Oil (India) Limited | 5 | 7.52 | 415.80 | 19.19 | – |
| Petronet LNG Limited | 10 | 11.14 | 19.59 | 24.89 | – |
| Confidence Petroleum India Limited | 1 | 36.09 | 1.74 | 9.28 | – |
| Castrol India Limited | 5 | 23.48 | 5.89 | 41.22 | – |
| Savita Oil Technologies Limited | 10 | 9.30 | 159.16 | 20.51 | – |
Maximus International IPO Lead Managers
| Lead Managers |
| ARYAMAN FINANCIAL SERVICES LIMITED 60, Khatau Building, Ground Floor Alkesh Dinesh Modi Marg, Fort Mumbai – 400 001 Tel: +91 – 22 – 6216 6999 Email: ipo@afsl.co.in Website: www.afsl.co.in Investor Grievance Email: feedback@afsl.co.in Contact Person: Mr. Deepak Biyani / Ms. Jyothi Shetty SEBI Registration No.: INM000011344 |
Maximus International IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED 1st Floor, Bharat Tin Works Building Makwana Road, Marol Andheri East, Mumbai – 400 059 Tel: +91 – 22 – 6263 8200 / 6263 8280 Email: ipo@bigshareonline.com Website: www.bigshareonline.com Investor Grievance Email: investor@bigshareonline.com Contact Person: Mr. Ashish Bhope SEBI Registration No.: INR000001385 |
Maximus IPO – Other Details
- Statutory Auditor – M/s. CNK & Associates, LLP, Chartered Accountants
- Legal Counsel to the Company – Kanga & Co. (Advocates & Solicitors)
- Bankers to the Company – ICICI Bank Limited, and Yes Bank Limited
Maximus International IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
Subscribe to Maximus International IPO
Maximus International Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Maximus International IPO Review FAQs
Ques – What is the Issue Size of Maximus International IPO?
Answer – The Company is making an initial public offer of NA equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
Ques – What is the Price band of Maximus International IPO?
Answer – The price band for this particular IPO ranges between NA. As far as the face value of the share is of concern, it is Rs.10 per share.
Ques – What is the Maximus International IPO Open Date?
Answer – The opening and closing dates for this IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.
Ques – What is the Maximus International IPO Allotment Date?
Answer – They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.
Ques – What is the Maximus International Ltd IPO Listing Date?
Answer – Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.
Ques – Who is the Registrar of Maximus IPO?
Answer – One of the reputed registrars is managing the issue of this IPO, i.e. Bigshare Services Private Limited. Their website will help you regarding the further information you are on the lookout for.
Ques – Who is the Promoter of Maximus IPO?
Answer – Here are the promoters of this IPO – OPTIMUS FINANCE LIMITED. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
Ques – What is the GMP of Maximus Intl IPO?
Answer – They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Ques – Is Maximus International IPO good for Investment?
Answer – They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
Ques – What is the PAT of Maximus International Company?
Answer – They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2021 in Lakh is 353.22, 2020 is 270.65, 2019 is 309.70.
Calculate your return on investment!
Asset Class
ROI (Rs.)
Profit (Rs.)
Profit (%)
IPO
Equity
Savings
Real Estate
Gold
Bonds
Fixed Deposit
Mutual Fund
Featured Topics