Fixed Price IPO | ₹4 Cr | Listed at BSE SME | Fri, Mar 17, 2017 - Wed, Mar 22, 2017
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Mar 17, 2017
IPO Close
Wed, Mar 22, 2017
Issue Price
₹25 per share
Market Cap (Pre-IPO)
₹13.02 Cr
| IPO Date | 17 to 22 Mar, 2017 |
| Listed on | Thu, Mar 30, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹25 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 15,06,000 shares (agg. up to ₹4 Cr) |
| Reserved for Market Maker | 78,000 shares Aryaman Capital Markets Ltd. (agg. up to ₹0.1950 Cr) |
| Fresh Issue (Ex Market Maker) | 14,28,000 shares (agg. up to ₹4 Cr) |
| Net Offered to Public | 14,28,000 shares (agg. up to ₹4 Cr) |
| Share Holding Pre Issue | 37,00,000 shares |
| Share Holding Post Issue | 52,06,000 shares |
| BSE Script Code | 540401 |
| ISIN | INE544W01013 |
Maximus International IPO comprises a total issue size of 15,06,000 shares. The net offer to the public is 14,28,000 shares, after excluding 78,000 shares allotted on a firm basis. Of the Net offer 7,14,000 (50.00%) allocated to NII 7,14,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 7,14,000 | 50.00% | 47.41% |
| Retail Shares Offered | 7,14,000 | 50.00% | 47.41% |
| Firm Reservations | |||
| Market Maker Shares Offered | 78,000 | 5.18% | |
| Total Shares Offered | 15,06,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 6,000 shares and in multiples thereof.
| 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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding Long Term Working Capital Requirement | 3.17 |
| 2 | Expenditure for General Corporate Purposes | 0.12 |
The Maximus International IPO is subscribed [.] times on March 22, 2017 6:50:00 PM (Day 4). 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) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including fees and reimbursements of Market Making fees (1st year), and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses. | 0.34 |
| 2 | Brokerage and Selling Commission, Underwriting Commission, RTAs and CDPs | 0.03 |
| 3 | Advertisement, Printing & Stationery, Marketing Expenses, etc | 0.05 |
| 4 | Listing Fees, Market Regulatory & Other Expenses | 0.07 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹25.00 |
| Open | ₹23.00 |
| Low | ₹23.00 |
| High | ₹25.55 |
| Last Trade | ₹25.10 |
Lead Manager Reports
Maximus International IPO is a SME IPO of 15,06,000 equity shares of the face value of ₹10 aggregating up to ₹4 Crores. The issue is priced at ₹25 per share. The minimum order quantity is 6000.
The IPO opens on Fri, Mar 17, 2017, and closes on Wed, Mar 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 Fri, Mar 17, 2017 and closes on Wed, Mar 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 Thu, Mar 30, 2017.
