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.
| Purpose | Amount (₹ Cr) |
|---|---|
| Funding Long Term Working Capital Requirement | ₹3 |
| Expenditure for General Corporate Purposes | ₹0 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| NII / HNI | — | 714,000 (47%) | — |
| Retail (RII) | — | 714,000 (47%) | — |
| Market Maker | — | 78,000 (5%) | — |
| Total | — | 1,506,000 (100%) | — |
* Amount calculated at upper price band (₹25) · ** Total includes all investor categories
- Retail allocation is strong at 47% of the total offering.
- HNI/NII demand is strong at 47%.
This IPO shows strong fundamentals and healthy investor demand. Research the business model and compare with sector peers before applying.
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