Maks Energy Solutions India Limited

Company Profile
Company Name Maks Energy Solutions India Limited
Open Date 16-09-2022
Close Date 20-09-2022
Exchange NSE SME
Lot Size 6000 Shares
Issue Price ₹ 20 per share
Issue Size 19,98,000 Equity Shares
Application Amount ₹ 1,20,000
Recommendation Avoid
Maks Energy Solutions Limited was incorporated in the year 2010. It started its DG (Diesel Generator) operations in 2010 where it would first trade DGs and then later started assembling DGs by buying various parts required like Diesel Engines, Alternators and other parts from their suppliers. In the domestic market, they are majorly present in Maharashtra followed by Himachal Pradesh and Sikkim. In 2019 they entered the business of distribution of auto spare parts in Maharashtra. They also have a 50:50 Joint Venture in Africa with a local company namely Relion Power Industries Limited which is currently showing a loss. The company however has exited the Joint Venture as it was loss making and was disrupted due to civil war and covid pandemic in East Africa.
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Summary of Financials (All financials in Lakh)

For the Period Ended Mar-22 Mar-21 Mar-20
Total Assets 3,586.58 4,114.73 4,230.54
Net Assets 1,146.32 1,235.39 1,286.28
Total Borrowings 1,884.93 2,175.77 1,910.77
Total Revenue 2,824.66 2,091.75 4,335.03
Profit After Tax (107.07) (32.89) 169.13

Tentative Timeline

Opening Date 16-09-2022
Closing Date 20-09-2022
Basis of Allotment 23-09-2022
Initiation of Refunds 26-09-2022
Credit of Shares to Demat 26-09-2022
Listing Date 28-09-2022

Objects of the Issue

Repayment/pre-payment, in full or part, of certain borrowings availed by the Company
General Corporate Purpose

Contact Information

Registered Office Maks Energy Solutions India Ltd Showroom-1, 599/600 Rasta Peth, Shubham Society, Near - Parsi Agyari, Pune - 411011
Phone +91 83790 69555

Registrar Details

Name Bigshare Services Pvt Ltd
Phone +91-22-6263 8200

IPO Reservation

Anchor Investor Shares Offered -
Market Maker Shares Offered 102,000 (5.11%)
Other Shares Offered 9,48,000 (47.45%)
Retail Shares Offered 9,48,000 (47.45%)
Total Shares Offered 19,98,000 (100%)

Shareholding Pattern

Share Holding Pre Issue (Promoters) 100.00%
Share Holding Post Issue (Promoters) 71.19%

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