IPO Issue Details
Issue Price / Price Band₹20 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size6,000 Shares per Lot
Total Issue Size19,98,000 shares (aggregating up to ₹4.00 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenThu, 16 Sep 2021
Subscription CloseTue, 20 Sep 2022
Anchor AllotmentWed, 15 Sep 2021
Basis of AllotmentFri, 23 Sep 2022
Initiation of RefundsMon, 26 Sep 2022
Credit of Shares to DematMon, 26 Sep 2022
Listing DateWed, 28 Sep 2022
UPI Mandate Deadline2022-09-20
Application & Investment Details
Retail — Min (1 Lots)₹1,20,000 — 6,000 shares
Retail — Max (13 Lots)₹1,560,000 (13 Lots)
HNI — Min (2 Lots)₹2,40,000 — 12,000 shares
Net Offer to Public18,96,000 shares (aggregating up to ₹3.79 Cr)
Reserved for Market Maker1,02,000 shares (aggregating up to ₹0.2040 Cr)
Pre-IPO Promoter Holding49,36,790 shares
Post-IPO Promoter Holding69,34,790 shares
About Maks Energy Solutions India Ltd.
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.
Objects of the Issue
Maks Energy Solutions India Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Repayment/ pre-payment, in full or part, of certain borrowings availed by our Company
3.00
2
2 General Corporate Purpose
0.52
Shareholding & Lock-in
Pre-IPO Promoter Holding
49,36,790 shares
Post-IPO Promoter Holding
69,34,790 shares