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

Sep 16, 2022 - Sep 20, 2022

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

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 Details

Maks Energy IPO Date Sep 16, 2022 to Sep 20, 2022
Maks Energy IPO Face Value ₹10 per share
Maks Energy IPO Price ₹20 per share
Maks Energy IPO Lot Size 6000 Shares
Issue Size1,998,000 shares of ₹10
(aggregating up to ₹4.00 Cr)
Fresh Issue1,998,000 shares of ₹10
(aggregating up to ₹4.00 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
NII (HNI) Shares Offered50%
Retail Shares Offered50%
Company Promoters

Mr. Sourabh Mahendra Shaw is the company promoter.

Maks Energy IPO Timeline (Tentative Timetable)

Maks Energy IPO opens on Sep 16, 2022, and closes on Sep 20, 2022. The Maks Energy IPO bid date is from Sep 16, 2022 10.00 A.M. to Sep 20, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Date
Maks Energy IPO Opening Date Sep 16, 2022
Maks Energy IPO Closing Date Sep 20, 2022
Basis of Allotment Sep 23, 2022
Initiation of Refunds Sep 26, 2022
Credit of Shares to Demat Sep 26, 2022
Maks Energy IPO Listing Date Sep 28, 2022

Maks Energy IPO Lot Size

The Maks Energy IPO lot size is 6000 shares. A retail-individual investor can apply for up to 1 lots (6000 shares or ₹120,000).

Application Lots Shares Amount
Retail (Min) 1 6000 ₹120,000
Retail (Max) 1 6000 ₹120,000

Maks Energy IPO Promoter Holding

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

Maks Energy IPO Review

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 Sep 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)
NII36.20
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 Date

Listing Date Wednesday, September 28, 2022
BSE Script Code
NSE Symbol MAKS
Listing In
ISIN INE0CDK01019
IPO Price ₹20 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
NSE SME
IPO Price: ₹20.00
Open: ₹20.00
Low: ₹20.00
High: ₹21.00
Last Trade: ₹21.00

Company Contact Information

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: http://www.bigshareonline.com

Maks Energy IPO Review

Maks Energy IPO Recommendation Summary

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

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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 Sep 16, 2022, and closes on Sep 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 Sep 16, 2022 and closes on Sep 20, 2022.

Maks Energy IPO lot size is 6000 Shares and the minimum order quantity is .

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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

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

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