Maximus International is manufactures, imports, and exports lubricants, various kinds of base oils, and other petrochemical chemicals used primarily in the automotive, metalworking, refrigeration, electrical, and paint sectors. Maximus International FPO will hit the market in November 2021.
Table of Contents
About Maximus International
Maximus International Limited is primarily a merchant exporter and sourcing company, and as the parent company of their global lubricant operations, it owns production facilities in Kenya and the United Arab Emirates through subsidiaries. Their total lubricant and specialty oils/chemicals production capabilities are 18,000 KL per year.
The following is their company ‘s present corporate structure:
they have 2 wholly owned subsidiaries: Maximus Global FZE (UAE) & MX Africa Limited (Kenya) having production facilities, engaged in manufacturing of lubricants & various base oils via their two step down subsidiaries: Maximus Lubricants LLC & Quantum Lubricants (E.A.) Limited.
Business Model
They are mainly a Merchant Exporter and Sourcing Firm that focuses on lubricants and basic oils on a standalone basis. their company has also begun to deal in plastic additives for master batches.
They do not take physical delivery of the items they import and export as part of their trading business strategy. They import items based on the needs of their clients, and they are delivered straight from their supplier to their clients.
As a result of the foregoing, they only require minimal regulatory clearances and save significant costs as a result of reduced compliance with numerous authorities.
This allows them to concentrate on their main company activities while also improving their global commercial partnerships.
Footprints
They have a footprint in the Middle East and African markets and are familiar with their requirements. their company aspires to develop its product portfolio in these areas and serves as a supplier firm for different industrial speciality oil demands.
They work hard to maintain excellent quality and service standards, bolstering their position and ensuring client retention.
They also strive to achieve the best outcomes possible by employing conceptual methods in international marketing, client buying habits, production planning, distribution, transportation, and price strategies in their exporting region.
Products
Engine oils, gear oils, transmission fluids, greases, hydraulic oils, compressor oils, metal working fluids, thermic fluids, refrigeration oils, and transformer oils are among the lubricants offered by their firm. They also offer a variety of additives.
Their Company continued to create value for its shareholders by dealing in a diverse range of things, and via strategic sourcing, leveraging term contracts, value improvement efforts, a strong emphasis on service and quality, and cost monitoring.
The company worked on a best-value procurement model and value-based inventory management while closely monitoring cash costs and working capital.
Maximus International FPO
Maximus International limited, headquartered in Vadodara has submitted Draft Red Herring Prospectus(DRHP) to Securities and Exchange Board of India(SEBI) for Following Public Offer of 27 crores on 23 August, 2021.
The Offer doesn’t includes any fresh issue and an offer for sale(OFS) up to 27 crores Value equity shares of face value of 10 per share, by the promoters.
They are now waiting for approval from Securities and Exchange Board of India(SEBI) to float the following public offer (FPO) in the market.
Financials Trends
| Particulars | For the year ended ( in crore) | ||
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 46.36 | 42.58 | 22.39 |
| Total Revenue | 53.12 | 32.00 | 58.50 |
| Profit After Tax | 3.53 | 2.71 | 3.10 |
Basic and Diluted Earnings Per Share
| Financial Period | Basic EPS (in INR) | Diluted EPS (in INR) | Weight |
| Financial Year 2021 | 2.48 | 2.48 | 3 |
| Financial Year 2020 | 1.99 | 1.99 | 2 |
| Financial Year 2019 | 1.48 | 1.48 | 1 |
| Weighted Average | 2.15 | 2.15 |
Objects of the Issue
- Prepayment / repayment of all or a portion of the outstanding borrowings of the company to be availed on consolidated basis.
- To meet common corporate objectives.
Basis of The offer
The Issue Price is based on a number of qualitative considerations and their strengths, including:
- Well-qualified and seasoned management
- A broad variety of lubricant solutions
- A long-standing client connection
- International Trade Relationships Already in Place
Maximus International FPO Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 2 | Gulf Oil Lubricants India Limited | 16.29 |
| 2 | 5 | Tide Water Oil (India) Limited | 7.52 |
| 3 | 10 | Petronet LNG Limited | 11.14 |
| 4 | 1 | Confidence Petroleum India Limited | 36.09 |
| 5 | 5 | Castrol India Limited | 23.48 |
| 6 | 10 | Savita Oil Technologies Limited | 9.30 |
Maximus International FPO Details
| IPO Opening Date | November 2021 |
| IPO Closing Date | November 2021 |
| Issue Type | Book Building |
| Face Value | Rs. 10 per share |
| IPO Price | 0 to 0 per equity share |
| Market Lot | 0 |
| Min Order Quantity | 0 |
| Listing At | BSE |
| Issue Size | 27 crores |
| Fresh Issue | – |
| Offer for Sale | 27 crores |
Maximus International FPO Date
Maximus International FPO opening date is November 2021, and the closing date is November 2021. The issue may list on November 2021.
| IPO Open Date | November 2021 |
| IPO Close Date | November 2021 |
| Basis of Allotment Date | November 2021 |
| Initiation of Refunds | November 2021 |
| Credit of Shares to Demat Account | November 2021 |
| IPO Listing Date | November 2021 |
Maximus International FPO Subscription
| Date | Day | QIB | NII | Retail | Employees | Total Subscription |
| November 2021 | 1 | |||||
| November 2021 | 2 | |||||
| November 2021 | 3 |
Basis of Allotment
| Type | % of Offer | Basis of Allotment |
|---|---|---|
| Qualified Institutional Buyer | 0 |
Roughly
equivalent
|
| Non Institutional Investor | 50 |
Roughly
equivalent
|
| Retail | 50 | Minimum level of 1 lot, based on availability, for every shareholder. |
Maximus International FPO Allotment Status
Allotment of equity stocks subject to the Fresh Issue and transfer of the Promoter Selling Shareholders’ OFS Stocks to the winning Bidders subject to the Offer for Sale. Nevertheless, the status of the allotment has yet to be revealed.
Here, you can find the Allotment Status of Maximus International FPO.
Maximus International FPO GMP
Maximus International FPO Grey Market Premium is 0. You can check out other IPOs GMP on below Links.
| Date | GMP (in Rs) | Subject to Sauda | Kostak (in Rs) |
| November 2021 | |||
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| November 2021 |
Check Out the GMP of all Other IPOs
Maximus International FPO Review
Maximus International FPO review will depend on the price band. Whenever it will be announced we will update you regarding review of Maximus International FPO is good or bad.
Maximus International FPO Risk
- Their Company and Promoter are involved in ongoing legal processes. Any negative outcome of these proceedings could have a negative impact on their business.
- For a portion of their operating revenue, they rely on a small number of clients.
- For the procurement of their raw materials, they have not engaged into any long-term arrangements with their suppliers.
- Their current assets and net worth are largely comprised of trade receivables.
- Their Company does not own the registered office or the manufacturing facilities.
- They are reliant on the automobile industry’s and other industrial sectors’ growth prospects.
- Crude oil price changes have a serious influence on lubricant and oil pricing.
Other Threats
- If they are not successful in controlling their inventory or working capital balances, their performance may suffer.
- Other than recovery of expenses incurred or compensation, their Promoter and Directors may have an interest in their Firm.
- Any disruption in their turnover, or failing to develop it on a consistent basis, might have a significant negative impact on their business.
- They are continually exposed to credit risk, which can have a negative impact on their entire purchasing cycle.
- They are exposed to foreign exchange risks, which could have a negative impact on their operating results.
- Their company has engaged in related party transactions in the past and may do so again in the future.
- Their business is extremely reliant on their vendors.
Management
Their senior management team has extensive experience in a variety of industries, including infrastructure and banking. Mr. Deepak Raval, their Managing Director, has over two decades of expertise in marketing and distribution activities in the lubricants and specialty oils industry.
Additional education and expertise as the Managing Director of the Vadodara Stock Exchange provide him with the necessary corporate acumen to oversee their company’s overall business operations.
He is also supported by a highly skilled team of employees who oversee several areas such as accounting and finance, administration, foreign business, compliances, and so on.
Promoter
- Optimus Finance Limited
Promoter Holding
| Pre Issue Share Holding | 63.63% |
| Post Issue Share Holding |
Maximus International FPO Prospectus
Contact Details
Maximus International Limited
504A, OZONE, Dr. Vikram Sarabhai Marg,
Vadi-wadi, Vadodara 390003, Gujarat
Tel: +91 265 2345321
E-mail: [email protected]
Website: www.maximusinternational.in
Registrar
BIGSHARE SERVICES PRIVATE LIMITED
1st Floor, Bharat Tin Works Building, Makwana Road,
Marol, Andheri East, Mumbai – 400 059
Tel: +91 – 22 – 6263 8200;
Email: [email protected];
Website: www.bigshareonline.com
Lead Manager(s)
- Aryaman financial services limited
We hope we are able to answer all your questions about the Maximus International FPO. If you don’t have a Demat account, open it now with Zerodha best trading app.
Disclaimer
The reference of IPO Grey Market Premium (IPO GMP) is only valid for the date specified in the header.
On the IPO Grey Market, we do not purchase or sell IPO forms.
The Kostak Rate is the profit earned by selling an IPO application (in an off-market transaction) to somebody else before the issue is allotted or listed.
Do not subscribe to an IPO based solely on the premium price, as it may alter at any time before to the listing. Only consider the fundamentals of the companies when subscribing.
The GMP rates for IPOs are based on market intelligence. Please keep in mind that these IPO GMP rates may vary by geography and market.
Note:
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FAQ
Maximus International FPO Opening Date?
Maximus International FPO will open in November 2021.
Maximus International FPO Listing Date?
Maximus International FPO will list in November 2021.
Maximus International FPO GMP Today?
Maximus International FPO Grey Market Premium is INR 0.
Maximus International FPO Allotment Date?
Maximus International FPO basis of allotment will be on November 2021.
Lot size for Maximus International FPO?
Lot size for Maximus International FPO is 0.
