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Let’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 ValueRs 10
Cash Price Rs [●]
Listing AtBSE
Min. Order QuantityNA
Listing DateNA
Offer for SaleRs Lakh
Fresh IssueRs Lakh
IPO SizeRs 2,700 Lakh
Tick Size1

Maximus International IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.


Maximus International IPO – Summary

Maximus International IPOTheir 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 / DateQIBNIIRIITotal 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-2131-Mar-20Mar-19
Total Assets4,636.144,251.722,238.68
*Total Revenue5312.023199.875850.38
Total Expense4,916.882,893.075,515.61
Profit After Tax353.22270.65309.70

Earnings per Equity Share (in Lakh)

31-Mar-2131-Mar-20Mar-19
Basic & Diluted2.481.991.48

 

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:

  1. 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 MakersUp to [●] Equity Shares aggregating up to Rs.[●]
Lakh
Net Issue to the PublicUp to [●] Equity Shares aggregating up to Rs.[●]
Lakh
Of which:
Retail Investors Portion Not less than [●] Equity Shares
Other than Retail Individual InvestorsNot more than [●] Equity Shares
 Equity Shares outstanding prior to the Issue1,25,72,000 Equity Shares
 Equity Shares outstanding after the IssueX 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 EPSRONW (%)NAV (Rs.)
31-Mar-212.4814.6816.87
31-Mar-201.9912.95
Mar-191.4811.34

Maximus International IPO: Competitive Peers

Face Value (Rs.)P/EEPS  (Rs.)Return on Net Worth (%)Total Income (Rs. in Lakhs)
Maximus International Limited10[●]2.4814.685312.02
Listed Peers
Gulf Oil Lubricants India Limited216.2939.8623.01
Tide Water Oil (India) Limited57.52415.8019.19
Petronet LNG Limited1011.1419.5924.89
Confidence Petroleum India Limited136.091.749.28
Castrol India Limited523.485.8941.22
Savita Oil Technologies Limited109.30159.1620.51

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 ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
Angel Broking7.5/107.4/108.5/108.1/107.1/10
Sharekhan7.2/107.1/108.6/108.1/107.2/10
Kotak Securities7.3/107.5/108.4/108.1/107.3/10
ICICI Direct7.3/107.3/108.7/108.1/107.1/10
IIFL7.5/107.2/108.8/108.0/107.1/10
Edelweiss7.5/107.4/108.4/108.3/107.2/10
Zerodha7.4/107.1/108.5/108.1/107.0/10
5Paisa7.1/107.1/108.4/108.1/107.1/10
Karvy7.4/107.3/108.2/108.1/107.1/10
Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

 


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    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.


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