Maks Energy Solutions India IPO Details & Guidance

Maks Energy Solutions listing Details
The scrip listed at NSE Emerge on 28.09.2022
Issue price Rs. 20
Listed at     Rs. 20
Day high    Rs. 21
Day low      Rs.20
Closed at    Rs.21

Grey Market News for Maks Energy Solutions India IPO#
On 28 September 2022
Grey Market Premium:  Nil

Maks Energy Solutions India IPO Subscription Status
On 20 September 2022 @ 5.00 pm
NII 948000 Shares:      36.20 T
RII  948000 Shares:      16.43T
Tot 18,96,000 Shares: 26.31 T

Maks Energy Solutions India IPO Details
IPO Date September 16, 22 to September 20, 2022
IPO Face Value Rs 10 per share
IPO Price Rs 20 per share
IPO Lot Size 6000 Shares
Issue Size 1998,000 shares of Rs 10
(Aggregating up to Rs 3.99 Cr)
Fresh Issue 19,98,000 shares of Rs 10
(Aggregating up to Rs 3.99 Cr)
Offer for Sale – shares of Rs 10
(Aggregating up to Rs – Cr)
Issue Type Book Built IPO
Listing At NSE SME
RII: 50% of the net offer

Retail Quota: 50 % / 1257,000 Shares

Minimum 6000 Rs 120,000
Maximum 6000 Rs 120,000
158 Applications required for onetime subscriptions.

Maks Energy Solutions India IPO Timetable 
IPO Opening Date: September 16, 2022
IPO Closing Date: September 20, 2022
Basis of Allotment: September 23, 2022
Initiation of Refunds: September 26, 2022
Credit of Shares to Demat : September 26, 2022
IPO Listing Date: September 28, 2022

Maks Energy Solutions India Business:

The Company is engaged in purchasing Diesel Engines, Alternators and other parts from their
suppliers and assembling the Diesel Generating Sets and selling these Diesel Generating Sets and the
spare parts of DG Sets into domestic and export markets. In addition to the above, it has recently also entered into the business of distribution of auto spare parts in the state of Maharashtra, India.
It has also acted as non-exclusive Original Equipment Manufacturer (“OEM”) of DG Sets for some of its clients in the domestic market and for exports in international market.

It sourced the engines used in DG Sets from its suppliers and assemble the sets with other required peripherals sourced from other suppliers, such as control panels, customized synchronized panels, base frames, fuel tanks, canopy, acoustic enclosure and room acoustic materials and sell the DG Sets. Domestically, it has sold DG Sets in Maharashtra, Delhi, Karnataka, Telangana, Punjab and Jharkhand. It also exported the generator sets to countries in the Middle East, South East Asia and some parts of Africa. Its assembling facility is located at S.No. 13/6/1/3, Yeolewadi, Kondhwa – Saswad Road, Kondhwa, Pune – 411 048, Maharashtra. In year 2019, it has also diversified into the business of distribution of commercial vehicle spare parts in the state of Maharashtra.

For more information about the company, Click Website: www.maksgenerators.com

Promoters of Maks Energy Solutions India
Sourabh Mahendra Shaw

Maks Energy Solutions India: Objects of the IPO
Repayment/ pre-payment, in full or part, of certain borrowings availed by the Company

Registered office of Maks Energy Solutions India
Showroom-1, 599/600 Rasta Peth, Shubham Society, Near- Parsi Agyari, Pune – 411011, Maharashtra, India
Company Secretary and Compliance Officer: Mr. Shreyas Mokashi

Lead Manager of Maks Energy Solutions India IPO
Sun Capital Advisory Services

SME IPO Financial & Analytical Ratios#
Total Income 2020-21 Rs. 20.92 Cr
Total Income 2021-22 Rs. 28.25 Cr
Net Profit 2020-21 Rs. Loss
Net Profit 2021-22 Rs. 0.51 Cr
Earnings per Share 2020-21 Rs 0.83
Earnings per Share 2021-22 Rs –
Return on Net Worth: 20-21: 3.01 %
Return on Net Worth: 21-22: – % 
Book Value of the Share as on 31.3.21 Rs 27.70
NAV after the IPO Rs. 25.45
Offer Price Rs. 20

IPO Peer Comparison:
There are no listed entities in India that are engaged in similar line of business and whose
business is comparable with that of the business.

Observation by Paresh Gordhandas (Research Analyst)

Will update soon.

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