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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.
| 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 Size | 1,998,000 shares (aggregating up to ₹4.00 Cr) |
| Fresh Issue | 1,998,000 shares (aggregating up to ₹4.00 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 4,936,790 |
| Share holding post issue | 6,934,790 |
| Market Maker portion | 102,000 shares |
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 Offered | 102,000 (5.11%) |
| Other Shares Offered | 948,000 (47.45%) |
| Retail Shares Offered | 948,000 (47.45%) |
| Total Shares Offered | 1,998,000 (100%) |
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 |
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 | |||
Mr. Sourabh Mahendra Shaw is the company promoter.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 71.19% |
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.
| 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 | |||
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
[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...
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)
| Category | Subscription (times) |
|---|---|
| Other | 36.20 |
| Retail | 16.43 |
| Total | 26.31 |
| Listing Date | September 28, 2022 |
| BSE Script Code | |
| NSE Symbol | MAKS |
| ISIN | INE0CDK01019 |
| Final Issue Price | ₹20 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹20.00 |
| ₹20.00 |
| ₹20.00 |
| ₹21.00 |
| ₹21.00 |
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/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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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
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.
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