Max India Limited Right Issue

₹124.23 Cr BSE, NSE 7 May 2024 – 22 May 2025

Closed Ratio: 19 : 100 BSE, NSE
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Issue Price
₹150.00
Face Value
₹10.00
Issue Size (Shares)
8,281,973
Issue Size (₹ Cr.)
₹124.23
📅 Right Issue Timetable
Last Date to Buy SharesMon, Apr 28, 2025
Record DateTue, Apr 29, 2025
Credit of Rights EntitlementsTue, Apr 30, 2024
Bid/Offer Opens OnWed, May 7, 2025
Issue Open DateTue, May 7, 2024
Renunciation Last DateFri, May 16, 2025
Bid/Offer Closes OnThu, May 22, 2025
Issue Close DateThu, May 22, 2025
Deemed Date of AllotmentFri, May 23, 2025
Credit DateMon, May 26, 2025
Listing DateMon, May 26, 2025
📋 Right Issue Details
Issue Size (Shares)8,281,973
Issue Size (Amount)₹124.23 Cr.
Issue Price₹150.00 per share
Face Value₹10.00 per share
Entitlement Ratio19 : 100
Listing AtBSE, NSE
Terms of PaymentIssue Price of Rs.150/- per Share is payable on Application.
📊 Company Financials (Restated)
Period Ended2024-03-312023-03-312022-03-31
Income1,947.352,134.552,374.37
EBITDA
Net Worth
Reserves & Surplus8,208.158,818.068,742.25

Amount in ₹ Crore

🎯 Objects of the Issue
#ObjectEst. Amount (₹ Cr.)
1Investment in the wholly owned Subsidiary, Antara Assisted Care Services Limited, for funding its branding and marketing activities;
2Investment in the wholly owned Subsidiary, Antara Assisted Care Services Limited, for funding its working capital requirements; and
3General corporate purposes.
🏢 About the Company
Incorporated in 2019, Max India Limited is the holding company for the Max Group's Senior Care business, which operates under the brand Antara.

Antara is the flagship brand under Max India Limited, focusing exclusively on senior care services.Established in 2013, Antara operates two primary business verticals:

Antara Senior Living: Develops and manages residential communities designed for seniors, offering a lifestyle integrated with healthcare and wellness services.
Assisted Care Services: Offers a range of services, including care homes, memory care facilities, home-based care, and medical products specifically designed for the elderly.
The company has diversified its offerings in home healthcare, medical equipment rentals, and assisted living facilities. These services have gained traction post-COVID, as families seek reliable healthcare solutions for elderly members at home.

Max India has introduced tech-enabled services, including telehealth consultations, health monitoring apps, and emergency response systems, tailored to seniors, marking its entry into digital health for elderly care.
📞 Company Contact
CompanyMax India Limited
Address167, Floor 1,Plot-167A
Ready Money Mansion, Dr. Annie Besant Road
Worli, Mumbai, , 400018
Mumbai, Maharashtra, 400018
Phone01246984444
Emailcorpsecretarial@maxindia.com
WebsiteVisit ↗
📝 Registrar
NameMAS Services Ltd
Phone011-2638728182
Emailipo@masserv.com
WebsiteVisit ↗