The shares have been issued at ₹222 per share, comprising a face value of ₹10 and a premium of ₹212 per share.
Among the allottees, Max Ventures Investment Holdings Pvt. Ltd., a promoter entity, received 9.91 lakh equity shares, while Singularity Equity Fund I was allotted 22.53 lakh shares. Other allottees include Paulastya Sachdev, P&Y Capital Trust, Reetha Shetty, ANG Corporate Services Pvt. Ltd., and Kantilal Babulal Oswal.
| S. No. | Allottee | Category | Equity shares allotted |
|---|---|---|---|
| 1 | Max Ventures Investment Holdings Pvt. Ltd. | Promoter | 9,91,162 |
| 2 | Singularity Equity Fund I | Non-Promoter | 22,53,085 |
| 3 | Paulastya Sachdev | Non-Promoter | 48,873 |
| 4 | P&Y Capital Trust | Non-Promoter | 1,79,855 |
| 5 | Reetha Shetty | Non-Promoter | 48,873 |
| 6 | ANG Corporate Services Pvt. Ltd. | Non-Promoter | 48,873 |
| 7 | Kantilal Babulal Oswal | Non-Promoter | 48,873 |
| Total | 36,19,594 |
Following the allotment, Max India’s paid-up equity share capital has increased to ₹56.2 crore, comprising 5.62 crore equity shares with a face value of ₹10 each. The company said the shares issued on a preferential basis will be subject to the lock-in requirements prescribed under SEBI’s Issue of Capital and Disclosure Requirements (ICDR) Regulations.
The company informed the stock exchanges that the allotment event took place on July 23, 2026, at 7:45 pm.
