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Maks Energy Solutions India Ltd IPO (Maks Energy IPO) Detail

September 16, 2022 - September 20, 2022

Maks Energy IPO is a fixed price issue of Rs 4.00 crores. The issue is entirely a fresh issue of 19.98 lakh shares.

Maks Energy IPO bidding started from September 16, 2022 and ended on September 20, 2022. The allotment for Maks Energy IPO was finalized on Friday, September 23, 2022. The shares got listed on NSE SME on September 28, 2022.

Maks Energy IPO price is ₹20 per share. The minimum lot size for an application is 6000 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (12,000 shares) amounting to ₹240,000.

Sun Capital Advisory Services (P) Ltd is the book running lead manager of the Maks Energy IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to Maks Energy IPO RHP for detailed information.

Maks Energy IPO Details

IPO Date September 16, 2022 to September 20, 2022
Listing Date September 28, 2022
Face Value ₹10 per share
Price ₹20 per share
Lot Size 6000 Shares
Total Issue Size1,998,000 shares
(aggregating up to ₹4.00 Cr)
Fresh Issue1,998,000 shares
(aggregating up to ₹4.00 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Market Maker portion102,000 shares

Maks Energy IPO Reservation

Maks Energy IPO offers 1,998,000 shares. 948,000 (47.45%) to NII, 948,000 (47.45%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered102,000 (5.11%)
Other Shares Offered948,000 (47.45%)
Retail Shares Offered948,000 (47.45%)
Total Shares Offered1,998,000 (100%)

Maks Energy IPO Timeline (Tentative Schedule)

Maks Energy IPO opens on September 16, 2022, and closes on September 20, 2022.

IPO Open Date Friday, September 16, 2022
IPO Close Date Tuesday, September 20, 2022
Basis of Allotment Friday, September 23, 2022
Initiation of Refunds Monday, September 26, 2022
Credit of Shares to Demat Monday, September 26, 2022
Listing Date Wednesday, September 28, 2022
Cut-off time for UPI mandate confirmation 5 PM on September 20, 2022

Maks Energy IPO Lot Size

Investors can bid for a minimum of 6000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 6000 ₹120,000
Retail (Max) 1 6000 ₹120,000
HNI (Min) 2 12,000 ₹240,000
Lot Size Calculator

Maks Energy IPO Promoter Holding

Mr. Sourabh Mahendra Shaw is the company promoter.

Share Holding Pre Issue 100.00%
Share Holding Post Issue 71.19%

About Maks Energy Solutions India Ltd

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 Financials

Maks Energy Solutions India Ltd Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After Tax
31-Mar-204230.544335.03168.77
31-Mar-214114.732091.75-0.8
31-Mar-223586.582824.6651.34
Amount in ₹ Lakhs

Objects of the Issue (Maks Energy IPO Objectives)

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 IPO Review (Avoid)

[Dilip Davda]  The company is a dealer of Genset, spares, commercial vehicle spares, and related servicing. It has posted dismal performance for FY21 and FY22 resulting in negative earnings. The issue is aggressively priced against its weak financial parameters. There is no harm in skipping this pricy bet. Read detail review...


Maks Energy IPO Subscription Status (Bidding Detail)

The Maks Energy IPO is subscribed 26.31 times on September 20, 2022 7:00:00 PM. The public issue subscribed 16.43 times in the retail category, times in the QIB category, and 36.20 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
Other36.20
Retail16.43
Total26.31

Maks Energy IPO Prospectus

Maks Energy IPO Rating

97
3.0
Rating:Rated 3.0 stars
Vote Here ...

Maks Energy IPO Listing Details

Listing Date September 28, 2022
BSE Script Code
NSE Symbol MAKS
ISIN INE0CDK01019
Final Issue Price ₹20 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
NSE SME
₹20.00
₹20.00
₹20.00
₹21.00
₹21.00

Check IPO Performance…

Maks Energy Solutions India Ltd Contact Details

Maks Energy Solutions India Ltd
Showroom-1, 599/600 Rasta Peth,
Shubham Society, Near - Parsi Agyari,
Pune - 411011
Phone: +91 83790 69555
Email: maksenergy@gmail.com
Website: http://www.maksgenerators.com/

Maks Energy IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

Maks Energy IPO - Buy or Not

Maks Energy IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 3 2 2

Read All Reviews Post Your Review Manage Reviews

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Maks Energy IPO FAQs

Maks Energy IPO is a SME IPO of 1,998,000 equity shares of the face value of ₹10 aggregating up to ₹4.00 Crores. The issue is priced at ₹20 per share. The minimum order quantity is 6000 Shares.

The IPO opens on September 16, 2022, and closes on September 20, 2022.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Zerodha customers can apply online in Maks Energy IPO using UPI as a payment gateway. Zerodha customers can apply in Maks Energy IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Maks Energy IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Maks Energy IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Maks Energy IPO opens on September 16, 2022 and closes on September 20, 2022.

Maks Energy IPO lot size is 6000 Shares, and the minimum amount required is ₹120,000.

You can apply in Maks Energy IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Maks Energy IPO will be done on Friday, September 23, 2022, and the allotted shares will be credited to your demat account by Monday, September 26, 2022. Check the Maks Energy IPO allotment status.

The Maks Energy IPO listing date is on September 28, 2022.
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Maks Energy IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Members with Most Likes

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109 Comments

57. Abhii VPG |   Link |  Bookmark |September 28, 2022 12:09:48 PM
IPO Mentor IPO Mentor (900+ Posts, 300+ Likes)
Varanium over Maks turned out to be a good decision.
Even after good subscription numbers, not listed good, Varanium on listing day itself gave 10% returns.
57.1. Takamichi |   Link |  Bookmark |September 28, 2022 1:21:48 PM
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
Maks was a avoid from first day and varanium was may apply .....only thing going on for maks was it's small size and hence a good subscription..... I did wrote that gmp of 6 was on higher side.....

Varanium still has some turbulence......i will buy one on Friday seeing how the price fluctuates on t+2 days....

@vpg which all stocks r u invested in?

57.2. Abhii VPG |   Link |  Bookmark |September 28, 2022 1:50:13 PM
IPO Mentor IPO Mentor (900+ Posts, 300+ Likes)
@Takamichi ji agree with your subs point.
&
I do not stay invested for long in SMEs.
Its either just for listing or max 3-4 months.
56. Irs |   Link |  Bookmark |September 28, 2022 10:32:14 AM
Buy 1 loat at preopenig.hope this perform well.
55. Takamichi |   Link |  Bookmark |September 28, 2022 9:48:26 AM
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
Anyone got it in pre-opening?
0 for me
55.1. Alwayslucky |   Link |  Bookmark |September 28, 2022 9:57:15 AM
@Takamichi is it good buy at 20?
55.2. Takamichi |   Link |  Bookmark |September 28, 2022 10:20:41 AM
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
Not a good buy solely judging by company financial and sector..... Still who knows where the demand takes it to....
54. GuruMahadev |   Link |  Bookmark |September 28, 2022 10:09:51 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
upper circuit.
53. Amit Jaipur |   Link |  Bookmark |September 28, 2022 9:53:48 AM
IPO Guru IPO Guru (1400+ Posts, 1400+ Likes)
Finally at par ho gaye
52. Alwayslucky |   Link |  Bookmark |September 28, 2022 9:51:34 AM
@takamichi Is it good buy at 20
51. MehulStk |   Link |  Bookmark |September 28, 2022 9:51:10 AM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
Its great opportunity for those, who was feeling unlucky at the time of allotment 😀
50. Mas |   Link |  Bookmark |September 28, 2022 9:40:57 AM (200+ Posts)
Some one has put sell order of 96000 share @2/- in pre opening
49. MehulStk |   Link |  Bookmark |September 28, 2022 9:38:48 AM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
bad market ruining every listing.
48. Amit Jaipur |   Link |  Bookmark |September 28, 2022 9:35:54 AM
IPO Guru IPO Guru (1400+ Posts, 1400+ Likes)
Iski listing badiya hoti hui nazar nahi aa rahi hai.
47. Takamichi |   Link |  Bookmark |September 28, 2022 9:14:42 AM
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
1st time allotees and new to pre-listing would be having such a nerve breaking time right now😅😅
46. Amit Jaipur |   Link |  Bookmark |September 28, 2022 8:38:16 AM
IPO Guru IPO Guru (1400+ Posts, 1400+ Likes)
Chittorgarh team pls. Change the colour as today is listing.Thanx.
45. bAAz |   Link |  Bookmark |September 28, 2022 8:19:19 AM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
@admin listing details not updated.
44. Arjun Rajkot |   Link |  Bookmark |September 28, 2022 7:15:07 AM
IPO Guru IPO Guru (1000+ Posts, 1900 Likes)
Listing likely to be 5-6 rs+

Keen to see First Listing by this LM.
43. Takamichi |   Link |  Bookmark |September 28, 2022 12:11:33 AM
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
Seeing so many reverses in almost all the good IPOs, there would be some hesitation.....still the subscription is decent so will list positive.... Gmp being circulated seems to be on higher side .... Will say listing at around or below 24.....
42. Wishal |   Link |  Bookmark |September 27, 2022 11:44:12 PM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
Gmp 6
41. Amit Jaipur |   Link |  Bookmark |September 27, 2022 10:01:11 PM
IPO Guru IPO Guru (1400+ Posts, 1400+ Likes)
All the best for listing. Any GMP.
41.1. bAAz |   Link |  Bookmark |September 27, 2022 10:30:32 PM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
Last heard 24000 only 333 maxm lots available.
40. BABUKALIA |   Link |  Bookmark |September 27, 2022 8:48:29 PM
Sbi me kisi ka fund remove hua he
40.1. IPO BHAKT |   Link |  Bookmark |September 27, 2022 10:12:45 PM
No .SBI is pathetic.
39. bAAz |   Link |  Bookmark |September 26, 2022 7:47:49 PM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
As per nse circular listing on 28 for maks and 27 for varanium and Annapurna
Maks-28 sep
Varanium -27sep
Annapurna -27sep
39.1. bAAz |   Link |  Bookmark |September 26, 2022 7:48:26 PM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
Maks last GMP 24000
38. MRavichandran |   Link |  Bookmark |September 20, 2022 3:33:44 PM
IPO Guru IPO Guru (2000+ Posts, 2700+ Likes)
10/7/100 - 3 HNI applied

Thanks
38.23. Sree Invest |   Link |  Bookmark |September 28, 2022 12:13:13 PM
@Mravi Sir listing is less than expected. As i am a first time in SME.
Can you please suggest if its fine to hold.
38.24. Sree Invest |   Link |  Bookmark |October 4, 2022 3:03:55 PM
@Mravi Sir Maks has hit LC today can we hold or sell any advise sir?