Maximus International Ltd IPO

Maximus International Limited, incorporated on December 22, 2015 in Ahmedabad, is a manufacturer, importer and exporter of lubricants, different types of base oils and other petro-chemical products used mainly in industries such as automotive, metal working, refrigeration, electrical, and paint. 
The company has also started trading in plastic additives used for master batches. The trading business model does not require to take physical delivery of the goods imported and exported by the firm. The firm imports on the basis of customer specific requirement and the same is transported directly from the supplier to the customer. This model requires minimum regulatory clearances, saves considerable resources due to less compliance with various regulators, reduces the time of delivery to customers giving advantage to negotiate better prices with them and save on the inventory costs and related overheads
On a standalone basis, it is primarily a merchant exporter and sourcing company. The consolidated manufacturing capacity for lubricants and specialty oils/chemicals is 18,000 KL p.a.
The company has two wholly owned subsidiaries namely: 
(1)    Maximus Global FZE (Sharjah, UAE) 
(2)    MX Africa Limited (Nairobi, Kenya)
These have production facilities, engaged in manufacturing of lubricants, various base oils and chemical products through the two-step down subsidiaries namely:
(1)    Maximus Lubricants LLC, a subsidiary of Maximus Global FZE (Sharjah, UAE) 
(2)    Quantum Lubricants (E.A.) Limited, a subsidiary of MX Africa Limited (Nairobi, Kenya).