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
| Period Ended | 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 |
| 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 Size | 1,998,000 shares of ₹10 (aggregating up to ₹4.00 Cr) |
| Fresh Issue | 1,998,000 shares of ₹10 (aggregating up to ₹4.00 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| NII (HNI) Shares Offered | 50% |
| Retail Shares Offered | 50% |
| Company Promoters | Mr. Sourabh Mahendra Shaw is the company promoter. |
Maks Energy IPO Timeline
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 0.33 times on Sep 16, 2022 5:00:00 PM. The public issue subscribed 0.59 times in the retail category, times in the QIB category, and 0.07 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| NII | 0.07 |
| Retail | 0.59 |
| Total | 0.33 |
Maks Energy IPO Prospectus
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/