Maks Energy Solutions India Ltd IPO Detail
Maks Energy Solutions India Limited is engaged in the business of trading, dealing, assembling, selling, installing, testing and commissioning generator and Diesel Generator (DG) Sets.
Maks Energy Solutions India Business Verticles :
1. Trading, assembly and selling of diesel generator sets and ancillary products.
2. Distribution of commercial vehicle spare parts.
The company is engaged in the purchasing of Diesel Engines, Alternators and other parts from the suppliers and assembling the Diesel Generating Sets and selling those Diesel Generating Sets and the spare parts of DG Sets into domestic and export markets. The company also distributes auto spare parts in the state of Maharashtra, India.
Maks Energy Solutions India exports generator sets to countries in the Middle East, South East Asia and some parts of Africa. The company's assembling facility is located in Pune, Maharashtra.
Revenue for the Fiscals 2020, 2021 and 2022 is Rs. 4,217.18 Lakhs, Rs. 2,070.95 Lakhs and Rs. 2553.76 Lakhs.
Company Promoters
Mr. Sourabh Mahendra Shaw is the company promoter.IPO Details
| IPO Opening Date | Sep 16, 2022 |
| IPO Closing Date | Sep 20, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹20 per equity share |
| Market Lot | 6000 Shares |
| Min Order Quantity | 6000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹4.00 Cr |
| Fresh Issue | 1,998,000 shares of ₹10 (aggregating up to ₹4.00 Cr) |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 0.07x | 0.59x | 0.33x | |
| Day 2 | - | - | 1.53x | 2.61x | 2.07x | |
| Day 3 | - | - | 36.07x | 15.65x | 25.86x |
IPO Tentative Timetable
The Maks Energy Solutions India Ltd IPO open date is Sep 16, 2022, and the close date is Sep 20, 2022. The issue may list on Sep 28, 2022.
| IPO Open Date | Sep 16, 2022 |
| IPO Close Date | Sep 20, 2022 |
| Basis of Allotment Date | Sep 23, 2022 |
| Initiation of Refunds | Sep 26, 2022 |
| Credit of Shares to Demat Account | Sep 27, 2022 |
| IPO Listing Date | Sep 28, 2022 |
IPO Lot Size
The Maks Energy Solutions India Ltd IPO market lot size is 6000 shares. A retail-individual investor can apply for up to 1 lots (6000 shares or ₹120000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 6000 | ₹120000 |
| Maximum | 1 | 6000 | ₹120000 |
IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 71.19% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 4230.54 | 4335.03 | 168.77 |
| 31-Mar-21 | 4114.73 | 2091.75 | -0.8 |
| 31-Mar-22 | 3586.58 | 2824.66 | 51.34 |
Objects of the Issue:
The Objects of the Net Issue is to raise funds for:
(a) Repayment/pre-payment, in full or part, of certain borrowings availed by the Company.
(b) General Corporate Purpose
Maks Energy Solutions India Ltd IPO Registrar:
Bigshare Services Pvt Ltd
Maks Energy Solutions India Ltd IPO Lead Manager(s):
Sun Capital Advisory Services (P) Ltd (Past IPO Performance)
Company Contact Information:
Maks Energy Solutions India Ltd
Showroom-1, 599/600 Rasta Peth, Shubham Society, Near - Parsi Agyari
Pune
Maharashtra
