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Maks Energy Solutions IPO is a fixed price issue of ₹4.00 crores. The issue is entirely a fresh issue of 0.20 crore shares of ₹4.00 crore.
Maks Energy Solutions IPO bidding started from Sep 16, 2022 and ended on Sep 20, 2022. The allotment for Maks Energy Solutions IPO was finalized on Sep 23, 2022. The shares got listed on NSE SME on Sep 28, 2022.
Maks Energy Solutions IPO price is ₹20.00 per share . The lot size for an application is 6,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (6000 shares). The minimum lot size investment for HNI is 2 lots (12,000 shares), amounting to ₹2,40,000.
Sun Capital Advisory Services Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is NNM Securities Pvt.Ltd..
Refer to Maks Energy Solutions IPO RHP for detailed Information.
| IPO Date | September 16, 2022 to September 20, 2022 |
| Listing Date | September 28, 2022 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹20 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 19,98,000 shares (aggregating up to ₹4.00 Cr) |
| Reserved for Market Maker | 1,02,000 shares NNM Securities Pvt.Ltd. (aggregating up to ₹0.2040 Cr) |
| Net Offered to Public | 18,96,000 shares (aggregating up to ₹3.79 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 49,36,790 shares |
| Share Holding Post Issue | 69,34,790 shares |
Maks Energy IPO offers total 19,98,000 shares. Out of which 9,48,000 (47.45%) allocated to NII, 9,48,000 (47.45%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,02,000 (5.11%) |
| NII (HNI) Shares Offered | 9,48,000 (47.45%) |
| Retail Shares Offered | 9,48,000 (47.45%) |
| Total Shares Offered | 19,98,000 (100.00%) |
Maks Energy Solutions IPO opens on September 16, 2022, and closes on September 20, 2022.
| IPO Open Date | Fri, Sep 16, 2022 |
| IPO Close Date | Tue, Sep 20, 2022 |
| Tentative Allotment | Fri, Sep 23, 2022 |
| Initiation of Refunds | Mon, Sep 26, 2022 |
| Credit of Shares to Demat | Mon, Sep 26, 2022 |
| Tentative Listing Date | Wed, Sep 28, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Sep 20, 2022 |
Investors can bid for a minimum of 6,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6,000 | ₹1,20,000 |
| Retail (Max) | 1 | 6,000 | ₹1,20,000 |
| HNI (Min) | 2 | 12,000 | ₹2,40,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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...
| Listing Date | September 28, 2022 |
| BSE Script Code | |
| NSE Symbol | MAKS |
| ISIN | INE0CDK01019 |
| Final Issue Price | ₹20 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹20.00 |
| Open | ₹20.00 |
| Low | ₹20.00 |
| High | ₹21.00 |
| Last Trade | ₹21.00 |
Maks Energy Solutions India Ltd.
Showroom-1, 599/600 Rasta Peth,
Shubham Society,
Near - Parsi Agyari,
Pune, Maharashtra, 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
Maks Energy Solutions IPO is a SME IPO of 19,98,000 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.
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 Solutions IPO using UPI as a payment gateway. Zerodha customers can apply in Maks Energy Solutions IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Maks Energy Solutions IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Maks Energy Solutions IPO opens on September 16, 2022 and closes on September 20, 2022.
Maks Energy Solutions IPO lot size is 6000, and the minimum amount required for application is ₹1,20,000.
You can apply in Maks Energy Solutions IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Maks Energy Solutions 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 Solutions IPO allotment status.
The Maks Energy Solutions IPO listing date is on Wednesday, September 28, 2022.
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