Max India Rights Issue dates 7 – 22 May 2025.
Max India, incorporated in 2019, serves as the holding company for the Max Group’s Senior Care business, operating under its flagship brand, Antara. Launched in 2013, Antara is dedicated exclusively to providing senior care services through two main verticals:
- Antara Senior Living: This segment designs and manages residential communities specifically for seniors, offering a lifestyle that seamlessly integrates healthcare, wellness, and community living.
- Assisted Care Services: This includes a wide range of offerings such as care homes, memory care facilities, in-home healthcare, and medical products tailored for elderly needs.
In response to growing demand—especially in the wake of COVID-19—Antara has expanded its portfolio to include home healthcare services, medical equipment rentals, and assisted living facilities, catering to families seeking dependable, at-home solutions for elder care.
Max India has also embraced digital innovation, introducing tech-enabled services like telehealth consultations, health monitoring apps, and emergency response systems—specifically designed to support and enhance elderly care in today’s digital age.
Promoters of Max India – Analjit Singh, Neelu Analjit Singh, Piya Singh, Veer Singh, Tara Singh Vachani and Max Ventures Investment Holdings Private Limited
Table of Contents
Max India Rights Issue Details
| Max India Rights Issue Date | 7 – 22 May 2025 |
| Max India Rights Issue Price | INR 150 per share |
| Issue Size (in Shares) | 82,81,973 shares |
| Issue Size (in INR) | INR 124.23 crore |
| Issue Entitlement | 19 equity shares for every 100 equity shares held on the record date |
| Terms of Payment | Fully payable at the time of application |
| Max India Rights Issue Record Date | 29 April 2025 |
| Face Value | INR 10 per share |
| Listing On | BSE, NSE |
Max India Rights Issue Calculation
| Max India Rights Issue Price | INR 150 per share |
| Market Price on Rights Issue Approval | INR 224.35 per share |
| Dilution Factor (X) | 1.19 |
| Fair Value After Dilution at Prevailing Price | INR 212.48 per share |
Max India Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 229 | 212 | 191 |
| Expenses | 232 | 202 | 229 |
| Operating Margin (%) | (3.0) | 10.0 | (38.0) |
| Net Income | (16.0) | (10.0) | (56.0) |
| ROCE (%) | (0.0) | 1.0 | (8.0) |
Max India Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- Investment in its wholly owned subsidiary, Antara Assisted Care Services, for funding its branding and marketing activities
- Investment in its wholly owned Subsidiary, Antara Assisted Care Services, for funding its working capital requirements
- General corporate purposes
Max India Rights Offer Documents
- Max India Rights Issue Application Form
- Max India Letter of Offer
- Board Meeting Outcome
- Max India Draft Letter of Offer
- Rights Issue in 2024
Max India Rights Issue Dates
| Rights Issue Approval Date | 23 April 2025 |
| Rights Issue Record Date | 29 April 2025 |
| Credit of Rights Entitlement | 30 April 2025 |
| Rights Issue Opening Date | 7 May 2025 |
| Last Date for Market Renunciation | 16 May 2025 |
| Rights Issue Closing Date | 22 May 2025 |
| Finalization of Basis of Allotment | 23 May 2025 |
| Rights Allotment Date | 23 May 2025 |
| Credit Date | 26 May 2025 |
| Listing Date | 26 May 2025 |
Max India Rights Offer Registrar
MAS SERVICES LIMITED
T-34, 2nd Floor, Okhla Industrial Area,
Phase-II New Delhi- 110 020
Phone: +91 112 638 7281/83, 114 132 0335
Email: [email protected]
Website: www.masserv.com
Max India Contact Details
MAX INDIA LIMITED
3rd Floor, Plot No. 65, Landmark House,
Sector-44, Gurugram 122003
Phone: 0124 698 4444
Email: [email protected]
Website: www.maxindia.com
Max India Rights Offer FAQs
What is the Max India Rights Issue Price?
The issue price is INR 150 per share.
What is the Max India Rights Issue entitlement ratio?
The eligible shareholders are offered 19 Equity Shares for every 100 Equity Shares held on the record date.
What is the Max India Rights Issue Record Date?
The Record date is 29 April 2025.
How to Apply in Max India Rights Offer?
The best way to apply in Max India Rights Offer is through Internet banking ASBA. You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an application Form form and deposit the same to your broker.