Fixed Price IPO | ₹4 Cr | Listed at NSE SME | Fri, Sep 16, 2022 - Tue, Sep 20, 2022
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Sep 16, 2022
IPO Close
Tue, Sep 20, 2022
Issue Price
₹20 per share
Market Cap (Pre-IPO)
₹13.87 Cr
| IPO Date | 16 to 20 Sep, 2022 |
| Listed on | Wed, Sep 28, 2022 |
| Face Value | ₹10 per share |
| Issue Price | ₹20 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 19,98,000 shares (agg. up to ₹4 Cr) |
| Reserved for Market Maker | 1,02,000 shares NNM Securities Pvt.Ltd. (agg. up to ₹0.2040 Cr) |
| Fresh Issue (Ex Market Maker) | 18,96,000 shares (agg. up to ₹4 Cr) |
| Net Offered to Public | 18,96,000 shares (agg. up to ₹4 Cr) |
| Share Holding Pre Issue | 49,36,790 shares |
| Share Holding Post Issue | 69,34,790 shares |
| NSE Symbol | MAKS |
| ISIN | INE0CDK01019 |
Maks Energy Solutions IPO comprises a total issue size of 19,98,000 shares. The net offer to the public is 18,96,000 shares, after excluding 1,02,000 shares allotted on a firm basis. Of the Net offer 9,48,000 (50.00%) allocated to NII 9,48,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 9,48,000 | 50.00% | 47.45% |
| Retail Shares Offered | 9,48,000 | 50.00% | 47.45% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,02,000 | 5.11% | |
| Total Shares Offered | 19,98,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 6,000 shares and in multiples thereof.
| 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 |
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 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|
| Assets | 35.87 | 41.15 | 42.31 |
| Total Income | 28.25 | 20.92 | 43.35 |
| Profit After Tax | 0.51 | -0.01 | 1.69 |
| NET Worth | 0.00 | 0.00 | 0.00 |
| Reserves and Surplus | 0.00 | 0.00 | 0.00 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment/ pre-payment, in full or part, of certain borrowings availed by our Company | 3.00 |
| 2 | General Corporate Purpose | 0.52 |
| KPI | |
|---|---|
| ROE | -8.92 |
| ROCE | 29.07 |
| Debt/Equity | 2.13 |
| RoNW | -9.34 |
| PAT Margin | -4.19% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | -2.17 | |
| Promoter Holding | 100.00% | 71.19% |
| Market Cap | ₹13.87 Cr. |
The Maks Energy IPO is subscribed 26.31 times on September 20, 2022 7:00:00 PM (Day 3). The public issue subscribed 16.43 times in the retail category, [.] times in the QIB category, and 36.2 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 36.2 | 9,48,000 | 3,43,14,000 |
| Retail | 16.43 | 9,48,000 | 1,55,76,000 |
| Total | 26.31 | 18,96,000 | 4,98,90,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager fees including Underwriting Commission | 0.29 |
| 2 | Brokerage, Selling commission and upload fees and Expenses | 0.02 |
| 3 | Fees to Registrars to the Issue | 0.01 |
| 4 | Fees to Legal Advisors | 0.05 |
| 5 | Advertising and Marketing Expenses | 0.02 |
| 6 | Fees to Regulators including Stock Exchange | 0.05 |
| 7 | Printing and Distribution of Issue Stationary Expenses | 0.01 |
| 8 | Others (Fees to Auditors, out of pocket and Miscellaneous Expenses) | 0.04 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹20.00 |
| Open | ₹20.00 |
| Low | ₹20.00 |
| High | ₹21.00 |
| Last Trade | ₹21.00 |
Lead Manager Reports
Maks Energy Solutions IPO is a SME IPO of 19,98,000 equity shares of the face value of ₹10 aggregating up to ₹4 Crores. The issue is priced at ₹20 per share. The minimum order quantity is 6000.
The IPO opens on Fri, Sep 16, 2022, and closes on Tue, 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 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 Fri, Sep 16, 2022 and closes on Tue, Sep 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 Mon, Sep 26, 2022. Check the Maks Energy Solutions IPO allotment status.
The Maks Energy Solutions IPO listing date is on Wed, Sep 28, 2022.
