Max India Limited has successfully concluded its Rights Issue, raising a total of ₹124.23 crore through the issuance of 82,81,973 fully paid-up equity shares at a price of ₹150 per share. The issue was oversubscribed by 1.45 times, a strong indication of robust investor confidence in the company’s vision, strategy, and long-term direction.

This significant capital raise reflects a vote of confidence from both institutional and retail investors in Max India’s ongoing transformation into a premier senior-focused health and wellness company. It also validates the company's strategic efforts through its subsidiaries, including Antara Senior Living and Antara Assisted Care Services.

A Milestone Achievement in Fundraising

The oversubscription of the Rights Issue comes at a time when the capital markets are selectively rewarding companies with clear growth prospects and a strong operational focus. Max India’s success in this capital raise not only provides fresh financial resources but also further strengthens its credibility in the investor community.

The company has communicated that the raised capital will be utilised primarily to:

• Fund the expansion and operations of Antara Assisted Care Services Limited (AACSL), its wholly owned subsidiary.

• Support sales and marketing efforts, enabling broader reach and deeper engagement with the target demographic.

• Fulfil working capital requirements to streamline and scale business operations.

• Address general corporate purposes, offering flexibility in capital allocation as per evolving business needs.

Statements from Leadership

Tara Singh Vachani, Vice-Chairperson of Max India Limited and Executive Chairperson of Antara Senior Living, shared her thoughts on the successful issue:

“This oversubscription reflects strong validation of our long-term vision and the value we’re creating in the senior care space. We remain focused on delivering long-term value to all stakeholders.”

Rajit Mehta, Managing Director of Max India Limited, added:

“We’re grateful to our shareholders and investors for their continued trust and confidence. This capital will help us accelerate our next phase of growth and strengthen our market position.”

The Rights Issue received an overwhelmingly positive response from the market, with Max India’s stock price appreciating by 3% on the day of the board’s approval for the issuance.

Strategic Vision: Building India’s Senior Wellness Ecosystem

Max India has made its strategic intent clear — it aims to become India’s foremost provider of lifecare and lifestyle services dedicated to senior citizens. Through its flagship platforms, the company is establishing a comprehensive senior-centric ecosystem that encompasses:

• Senior living residences that offer independent and assisted living options.

• Chronic disease management via technology-led platforms.

• Care homes and in-home services catering to those with long-term or age-related conditions.

• Retail and e-commerce platforms selling senior-specific health products under the brand AGEasy.

This comprehensive and integrated approach helps the company tap into a growing and underserved market in India — the ageing population. By addressing not just healthcare, but also lifestyle, social needs, and personal dignity, Max India is creating a holistic solution for seniors.

Financial Discipline and Future Prospects

The ₹124.23 crore capital infusion from the Rights Issue will contribute to:

• Top-line growth: Investing in new customer acquisition channels and service innovations.

• Margin improvement: Driving operational efficiencies across business units.

• Sustainable value creation: Building a business that creates value for customers and shareholders alike.

The company has demonstrated financial prudence and strategic clarity in deploying its resources, with a clear capital allocation plan that supports both short-term execution and long-term ambitions.

Investor Backing

Max India’s growing list of investors includes reputed institutional investors and prominent individuals, such as:

• Habrok Capital

• Aionios Alpha

• Avener Capital

• Value Prolific

• Rohit Lala

• Ullhas Paymaster

• Murugu Selvan K

• Porinju Veliyath

• Ritesh Oswal

• Chetan Jayantilal Shah

This diversified and high-quality investor base indicates strong market belief in Max India’s business strategy and execution capability.

About Max India Limited

Max India Limited (MIL) is the holding company of Max Group’s Senior Care business. It operates two primary verticals under the Antara brand:

1. Antara Senior Living Limited – Specialising in residences for seniors, offering independent living communities designed around wellness, recreation, and community life. Its first community in Dehradun houses over 200 families. The second community in Noida’s Sector-150 is set to welcome residents once regulatory approvals are in place.

2. Antara Assisted Care Services Limited (AACSL) – Offers ‘Care Homes’, ‘Care at Home’, and AGEasy, focusing on seniors with chronic medical or age-related needs. The Care Homes are operational in Gurugram, Noida and Bengaluru, and deliver both long-term and short-term assisted care. Care at Home services are available in Delhi-NCR, Bengaluru and Chennai, providing trained caregivers, nurses and physiotherapists at the doorstep. AGEasy, an online and offline store, offers curated products designed to manage chronic illnesses and enhance daily comfort for seniors.

The company also plans to expand its senior care footprint by managing dedicated senior living spaces and offering primary healthcare services in intergenerational communities like Estate 360 in Gurugram, developed by Max Estates.

Moving Ahead: Focus Areas Post-Funding

With the new funding in place, Max India’s key focus areas for the coming quarters will include:

• Scaling Antara’s Care at Home and Care Homes services to new geographies.

• Finalising and operationalising the Noida community for senior living.

• Expanding AGEasy’s retail presence, especially in metros with ageing populations.

• Building tech-enabled health platforms that integrate diagnosis, monitoring and caregiving.

• Driving customer awareness campaigns to make senior care mainstream.

The company also expects to deepen its collaboration with healthcare professionals, real estate developers, and wellness brands to create an even more robust platform that caters to India’s 130-million-plus senior population.

Conclusion

The oversubscription of Max India’s Rights Issue by 1.45 times sends a clear message — investors believe in the company’s vision and capacity to deliver. With ₹124 crore of new capital, Max India is now equipped to amplify its growth plans and reshape senior care in India.

As the company moves forward with its expansion and innovation plans, its focus remains unchanged — delivering empathetic, high-quality, and accessible care to India’s senior citizens while ensuring long-term value creation for shareholders.

For more information, visit the company’s official website: www.maxindia.com

For Antara Senior Care details: www.antaraseniorcare.com

The Upcoming IPOs in this week and coming weeks are Ganga Bath Fittings, Victory Electric Vehicles International, Wagons Learning.

The Current active IPO are 3B Films, N R Vandana Tex Industries, Scoda Tubes, Neptune Petrochemicals.

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX.

Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst.