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Maximus International IPO is a fixed price issue of Rs 3.77 crores.
Maximus International IPO bidding started from March 17, 2017 and ended on March 22, 2017. The shares got listed on BSE SME on March 30, 2017.
Maximus International IPO price is ₹25 per share. The minimum lot size for an application is 6000 Shares. The minimum amount of investment required by retail investors is ₹150,000.
Aryaman Financial Services Limited is the book running lead manager of the Maximus International IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
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 |
Price | ₹25 per share |
Lot Size | 6000 Shares |
Total Issue Size | 1,506,000 shares (aggregating up to ₹3.77 Cr) |
Issue Type | Fixed Price Issue IPO |
Listing At | BSE SME |
Share holding pre issue | 3,700,000 |
Share holding post issue | 5,206,000 |
Investors can bid for a minimum of 6000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 6000 | ₹150,000 |
Retail (Max) | 1 | 6000 | ₹150,000 |
Lot Size Calculator |
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 objects of the Issue are:
1. Funding Long Term Working Capital Requirement; and
2. Funding expenditure for General Corporate Purposes.
[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...
The Maximus International IPO is subscribed times on March 22, 2017 6:50:00 PM. 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) |
---|
Listing Date | March 30, 2017 |
BSE Script Code | 540401 |
NSE Symbol | |
ISIN | INE544W01013 |
Final Issue Price | ₹25 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
BSE SME |
---|
₹25.00 |
₹23.00 |
₹23.00 |
₹25.55 |
₹25.10 |
Maximus International Ltd
301, Atlantis Heritage,
Dr. Vikram Sarabhai Marg,
Vadi Wadi, Vadodara - 390 003
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
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Maximus International IPO is a SME IPO of 1,506,000 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 Shares.
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.
The Maximus International IPO opens on March 17, 2017 and closes on March 22, 2017.
Maximus International IPO lot size is 6000 Shares, and the minimum amount required is ₹150,000.
You can apply in Maximus International IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, 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.
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