The Maks Energy Solutions IPO was open from 16 September 2022 to 20 September 2022. The total IPO size was ₹4.00 crore, and the IPO price was fixed at ₹20 per share. The IPO had two main investor categories: Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs).
Maks Energy Solutions was established in 2010.
Maks Energy Solutions is engaged in the business of purchasing diesel engines, alternators and other components from suppliers, assembling diesel generating sets and selling these generating sets and spare parts in domestic and export markets.
The company also entered the business of distributing auto spare parts in Maharashtra, India.
Also Check: Upcoming SME IPO
Maks Energy Solutions IPO Company Strengths
- Proven track record.
- Established operating capability in the diesel generator set market to cater to a large and diversified customer base.
- Strong technical and execution capabilities.
- Experienced and proven management team.
Maks Energy Solutions IPO Peer Companies
No listed peers were identified by the company.
Maks Energy Solutions IPO Promoter
Sourabh Mahendra Shaw
Maks Energy Solutions IPO Date, Details & Price Band
| IPO Opening Date | 16 September 2022 |
| IPO Closing Date | 20 September 2022 |
| IPO Price | ₹20 per share |
| Fresh Issue | ₹4.00 crore |
| Offer for Sale | NIL |
| Total IPO Size | ₹4.00 crore |
| Minimum Bid / Lot Size | 6,000 Shares |
| Face Value | ₹10 per share |
| Retail Allocation | 50% |
| Non-Institutional Allocation | 50% |
| Listing | NSE SME |
Maks Energy Solutions IPO Market Lot
The Maks Energy Solutions IPO market lot consisted of 6,000 shares. At the IPO price of ₹20 per share, the minimum investment required for one lot was ₹1,20,000.
| Category | Lots | Number of Shares | Amount |
| Minimum | 1 | 6,000 | ₹1,20,000 |
| Maximum | 1 | 6,000 | ₹1,20,000 |
Maks Energy Solutions IPO Financial Performance
Restated Financial Records – Amount in ₹ Lakhs
| Financial Year | Total Assets | Total Revenue | Profit After Tax | Earnings Per Equity Share |
| 31 March 2022 | 3586.58 | 2824.66 | 51.34 | – |
| 31 March 2021 | 4114.73 | 2091.75 | -0.80 | 0.83 |
| 31 March 2020 | 4230.54 | 4335.03 | 168.77 | 3.43 |
Maks Energy Solutions IPO GMP & Grey Market Premium
The Maks Energy Solutions IPO GMP was an unofficial grey-market indicator available around the IPO period. GMP is not an official measure of the IPO’s listing price and should be considered only as market sentiment information.
Check our IPO Grey Market Premium (GMP) page for IPO GMP-related information.
Maks Energy Solutions IPO Form Download
The Maks Energy Solutions IPO application form was available through the applicable ASBA channels during the IPO period.
Download IPO Application & ASBA Form
Maks Energy Solutions IPO Allotment Date & Details
| Allotment Date | 23 September 2022 |
| Initiation of Refunds | 26 September 2022 |
| Shares Credited to Demat Accounts | 26 September 2022 |
| Listing Date | 28 September 2022 |
| Registrar | Bigshare Services |
Historical allotment status: The IPO allotment was handled by Bigshare Services. The registrar’s IPO status facility was available during the allotment process.
Registrar of Maks Energy Solutions IPO
Bigshare Services Private Limited
S6-2, 6th Floor, Pinnacle Business Park,
Mahakali Caves Road, Next to Ahura Centre,
Andheri East, Mumbai – 400093, Maharashtra, India.
Telephone: +91 22 6263 8200
Email: [email protected]
Investor Grievance Email: [email protected]
SEBI Registration Number: INR000001385
Website: Bigshare Services
Maks Energy Solutions Contact Details
Maks Energy Solutions
Showroom-1, 599/600 Rasta Peth,
Shubham Society, Near Parsi Agyari,
Pune – 411011, Maharashtra, India.
Telephone: +91 20 26336600
Contact Person: Mr. Shreyas Mokashi
Mobile: +91 83790 69555
Email: [email protected]
Website: Maks Generators
Maks Energy Solutions IPO Lead Manager
Sun Capital Advisory Services Private Limited
302, 3rd Floor, Kumar Plaza,
Near Kalina Market, Kalina Kurla Road,
Santacruz East, Mumbai – 400029, Maharashtra, India.
Telephone: 022-61786000
Email: [email protected]
Investor Grievance Email: [email protected]
Contact Person: Ms. Kinnari Mehta
SEBI Registration Number: INM000012591
CIN: U67190MH2006PTC159258
Website: Sun Capital Services
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