Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
Maximus International IPO is a fixed price issue of ₹3.77 crores. The issue is entirely a fresh issue of 0.15 crore shares of ₹3.77 crore.
Maximus International IPO bidding started from Mar 17, 2017 and ended on Mar 22, 2017. The shares got listed on BSE SME on Mar 30, 2017.
Maximus International IPO price is ₹25.00 per share . The lot size for an application is 6,000. The minimum amount of investment required by an individual investor (retail) is ₹1,50,000 (6000 shares). The minimum lot size investment for HNI is 2 lots (12,000 shares), amounting to ₹3,00,000.
Aryaman Financial Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Aryaman Capital Markets Ltd..
Refer to Maximus International IPO RHP for detailed Information.
| IPO Date | March 17, 2017 to March 22, 2017 |
| Listing Date | March 30, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹25 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 15,06,000 shares (aggregating up to ₹3.77 Cr) |
| Reserved for Market Maker | 78,000 shares Aryaman Capital Markets Ltd. (aggregating up to ₹0.1950 Cr) |
| Net Offered to Public | 14,28,000 shares (aggregating up to ₹3.57 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 37,00,000 shares |
| Share Holding Post Issue | 52,06,000 shares |
Maximus International IPO offers total 15,06,000 shares. Out of which 7,14,000 (47.41%) allocated to NII, 7,14,000 (47.41%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 78,000 (5.18%) |
| NII (HNI) Shares Offered | 7,14,000 (47.41%) |
| Retail Shares Offered | 7,14,000 (47.41%) |
| Total Shares Offered | 15,06,000 (100.00%) |
Maximus International IPO opens on March 17, 2017, and closes on March 22, 2017.
| IPO Open Date | Fri, Mar 17, 2017 |
| IPO Close Date | Wed, Mar 22, 2017 |
| Tentative Listing Date | Thu, Mar 30, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Mar 22, 2017 |
Investors can bid for a minimum of 6,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6,000 | ₹1,50,000 |
| Retail (Max) | 1 | 6,000 | ₹1,50,000 |
| HNI (Min) | 2 | 12,000 | ₹3,00,000 |
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.
The Company Maximus International IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Funding Long Term Working Capital Requirement | 3.17 |
| 2 | Expenditure for General Corporate Purposes | 0.12 |
[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...
| Listing Date | March 30, 2017 |
| BSE Script Code | 540401 |
| NSE Symbol | |
| ISIN | INE544W01013 |
| Final Issue Price | ₹25 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹25.00 |
| Open | ₹23.00 |
| Low | ₹23.00 |
| High | ₹25.55 |
| Last Trade | ₹25.10 |
Maximus International Ltd.
301, Atlantis Heritage,
Dr. Vikram Sarabhai Marg,
Vadi Wadi
Vadodara, Gujarat, 390003
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: https://ipo.bigshareonline.com/IPO_Status.html
Maximus International IPO is a SME IPO of 15,06,000 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.
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.
Zerodha customers can apply online in Maximus International IPO using UPI as a payment gateway. Zerodha customers can apply in Maximus International IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Maximus International IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Maximus International IPO opens on March 17, 2017 and closes on March 22, 2017.
Maximus International IPO lot size is 6000, and the minimum amount required for application is ₹1,50,000.
You can apply in Maximus International IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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 Thursday, March 30, 2017.
Useful Articles
RHP