Maks Energy IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHPLast Updated Date: Nov 18, 2022
Let’s have a detailed review of the company and analytics of the Maks Energy IPO release date, IPO offer price, subscription, Maks Energy Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
|Face Value||Rs 10|
|Price Band||Rs. 20|
|Listing At||NSE SME|
|Min. Order Quantity||6000 shares|
|Listing Date||Sep 28, 2022|
|Offer for Sale||–|
|Fresh Issue||Rs. 399.60 Lakh|
|IPO Size||Rs. 399.60 Lakh|
Maks Energy IPO is listed at a Rs. 10 premium. Check out the live share price by clicking on the below link.
Maks Energy IPO – Summary
Their Company was founded by their Promoter, Mr. Sourabh Mahendra Shaw along with Mr. Mahendra Madhairam Shaw and Mrs. Swati Sourabh Shaw. Over the years, their Company has grown under the leadership and guidance of Mr. Sourabh Mahendra Shaw and Mr. Mahendra Madhairam Shaw.
They have benefited and expect to continue to benefit from his industry expertise and relationship with clients.
Mr. Mahendra Madhairam Shaw, who is also one of the Executive Directors of their Company and is having rich experience of over three decades in the field of trading of Diesel Generator sets and supply of spare parts and has been the guiding force behind the successful execution of their business strategies over the years.
The Promoter of this company is MR. SOURABH MAHENDRA SHAW. The lead manager to the issue is SUN CAPITAL ADVISORY SERVICES PRIVATE LIMITED, and the Registrar to this issue is BIGSHARE SERVICES PRIVATE LIMITED.
Maks Energy IPO Date
The opening of Maks Energy IPO will be on Sep 16, 2022 and the closing date Sep 16, 2022.
Maks Energy IPO Subscription
|Day / Date||NII||RII||Total Subscription|
|1st Day – 16th Sept||0.07x||0.59x||0.33x|
|2nd Day – 19th Sept||1.87x||2.62x||2.25x|
|3rd Day – 20th Sept||36.20x||16.41x||26.30x|
|Shares Offered or Net Issue||948,000x||948,000x||1,896,000x|
The shares subscribed by the public will be updated here.
Maks Energy IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Maks Energy Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
|Basis of Allotment Finalization||Sep 23, 2022|
|Refunds Initiation||Sep 26, 2022|
|Credit of Shares to Demat Account||Sep 26, 2022|
|Share Listing Date||Sep 28, 2022|
Maks Energy IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.20.
Maks Energy IPO Equity Size
This Initial Public Issue of 19,98,000 Equity Shares of Rs.10 each for cash at a price of Rs.20 per equity share aggregating to Rs.379.20 Lakh.
Maks Energy IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 18,96,000 Equity Shares of Rs.10/ each.
Issue Size: Rs. 19,98,000 Equity Shares of Rs.10 each, aggregating to Rs. 399.60 Lakh.
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Maks Energy IPO – Live Performance
The listing date of this IPO is Sep 28, 2022. You can check the live performance of the IPO here, only after it is listed on exchanges.
|Live IPO Performance – Maks Energy Share Price|
Maks Energy IPO Grey Market Premium
The Maks Energy Limited IPO Grey Market Premium price is Rs , the Kostak rate is Rs X and the Subject to Sauda is X.
Maks Energy IPO – Company Overview
The main business of their Company is 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, they have recently also entered into the business of distribution of auto spare parts in the state of Maharashtra, India. They commenced their operations in the year 2010 as a dealer of generator sets.
Over the years, they have diversified the scope of their operations from dealing in generator sets to trading, assembling, selling, installing, testing and commissioning of DG Sets.
They source the engines used in DG Sets from their 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, they have sold DG Sets in Maharashtra, Delhi, Karnataka, Telangana, Punjab and Jharkhand
Maks Energy IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
|Amount (in INR & Lakh)|
|Profit After Tax||51.34||-0.8||168.77|
Earnings per Equity Share (in Lakh)
|Basic & Diluted||(2.17)||(0.67)||3.45|
Further, their PAT for the period ended on 31-Mar-22, 31-Mar-21, and 31-Mar-20 were Rs.51.34 Lakh, Rs. -0.8 Lakh, and Rs.168.77 Lakh, respectively.
Maks Energy IPO – Promoters
The Promoter of this company is:
- Mr. Sourabh Mahendra Shaw
List of Related Parties (Key Managerial Personnel)
- Mr. Sourabh Mahendra Shaw, Managing Director
- Mr. Nikhil Badrilal Agrawal, Chief Financial Officer
- Mr. Sarang Madhav Dhande, Chief Operating Officer
- Mr. Shreyas Mokashi, Company Secretary
- Ms. Sravanthi Badami, Company Secretary
Maks Energy IPO – Promoters Holding
- Pre Issue Share Holding – 100%
- Post Issue Share Holding – 71.19%
Maks IPO Offer Details or Issue Details
|Particulars||No. Of Equity Shares|
|Equity Shares Offered||Up to 19,98,000 Equity Shares aggregating up to Rs. ₹3.99.60 Lakh|
|Issue Reserved for the Market Makers||Up to 1,02,000 Equity Shares aggregating up to Rs.20.40|
|Net Issue to the Public||Up to 18,96,000 Equity Shares aggregating up to Rs. 379.20|
|Retail Investors Portion||9,48,000 Not less than 50%|
|Other than Retail Individual Investors||9,48,000 Not more than 50%|
|Equity Shares outstanding prior to the Issue||49,36,790 Equity Shares|
|Equity Shares outstanding after the Issue||69,34,790 Equity Shares|
Maks Energy IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. Repayment/pre-payment, in full or part, of certain borrowings availed by the Company.
2. General Corporate Purpose
Maks Energy IPO – Business Strategy
- Capitalize on continued demand for generator sets
- Expand their reach in the international markets
- Continue to develop client relationship and expand their client base
Maks Energy IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Established operation capability in the diesel generator set market to cater requirements of large and diversified customer base
- Proven track record
- Strong technical and execution capabilities
- Experienced and proven management team
The relevant quantitative factors are:
|Basic & Diluted EPS||RONW (%)||NAV (Rs.)|
Maks Energy IPO: Competitive Peers
|Face Value (Rs.)||P/E||EPS (Rs.)||Return on Net Worth (%)||Total Income (Rs. in Lakhs)|
|Maks Energy Limited||10||NA||(2.17)||(9.34)||2824.66|
Maks Energy IPO Lead Managers
|SUN CAPITAL ADVISORY SERVICES PRIVATE LIMITED|
302, 3rd Floor, Kumar Plaza
Near Kalina Market, Kalina Kurla Road
Santcruz East, Mumbai- 400029
Telephone: +91 22 6178 6000
Investor grievance email: email@example.com
Contact Person: Ms. Kinnari Mehta
SEBI Registration number: INM000012591
Maks Energy IPO Registrar to offer
|Registrar to the Offer|
|BIGSHARE SERVICES PRIVATE LIMITED|
Office No. S6-2, 6th Floor, Pinnacle Business Park, Mahakali Caves
Road, Next to Ahura Centre. Andheri (East), Mumbai – 400 093Tel. No.: +91 22
Investor Grievance Email:firstname.lastname@example.org
Contact Person: Babu Rapheal
SEBI Registration No.: INR000001385
Maks Energy IPO – Other Details
- Statutory Auditor – M/s. R K Jagetiya & Co
- Legal Counsel to the Company – Rajani Associates
- Bankers to the Company – ICICI Bank Limited
Maks Energy IPO Review by Stock Brokers
|Top Stock Brokers Review||Company Reputation||Competitive Edge||Financial Statement||Popularity Index||Promoters Reputation|
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Maks Energy Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Maks Energy IPO Review FAQs
Check out various FAQs related to Maks Energy IPO:
What is the Issue Size of Maks Energy IPO?
The Company is making an initial public offer of 19,98,000 equity shares. We vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and the net issue.
What is the Price band of Maks Energy IPO?
The price band for this particular IPO ranges between Rs. 20. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Maks Energy IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Sep 16, 2022, while the closing date is set at Sep 20, 2022.
What is the Maks Energy IPO Allotment Date?
We also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Sep 23, 2022, refund initiation is on Sep 26, 2022, credit of shares is on Sep 26, 2022, and share listing date is on Sep 28, 2022.
What is the Maks Energy IPO Listing Date?
Shares of this company shall be listed in the exchanges Sep 28, 2022. The date, when the listing would be done, is stagnant on Sep 28, 2022.
Who is the Registrar of Maks Energy IPO?
One of the reputed registrars is managing the issue of this IPO, BIGSHARE SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Maks Energy IPO?
Here are the promoters of this IPO – Mr. Sourabh Mahendra Shaw. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is GMP of Maks Energy IPO?
We have obtained the GMP of this IPO and it is Rs.3. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Is Rhetan IPO good for Investment?
We have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Maks Energy Company?
We have the information of company financials, and according to that, we have the figures from the last few years to provide. PAT for the period ended on 31-Mar-22, 31-Mar-21, and 31-Mar-20 were Rs.51.34 Lakh, Rs. -0.8 Lakh, and Rs.168.77 Lakh, respectively.
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