Maximus International FPO GMP, Review, Important detail 2021
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.
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 the 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.
Originally published at https://profitmust.com on September 6, 2021.
