Maks Energy Solutions India Ltd IPO

Apply 0
Avoid 0

i. The main business of Maks Energy 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.

ii. The company has also acted as a non-exclusive Original Equipment Manufacturer (“OEM”) of DG Sets for some of the clients in the domestic market and for exports in the international market. The company source the engines used in DG Sets from its suppliers and assembles 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.

iii. Our Company is also carrying out trading business into the following key products:
a. Diesel Engine
b. Diesel Generating Set Spare Parts
c. Tata Spare Parts
d. Ancillary Products
e. Commercial Vehicle Spare Parts.
f. Alternator
g. MS Plat
h. TMT Bars

iv. As per the Restated Financial Information was ₹4,217.18 Lakhs, ₹2,070.95 Lakhs and ₹2553.76 Lakhs for the Fiscals 2020, 2021 and 2022.

v. Competitive Strengths
a. Proven track record
b. Strong technical and execution capabilities 
c. Experienced and proven management team

Objects of the Maks Energy Solutions India Ltd IPO:

The Objects of the Net Issue is to raise funds for: i. Repayment/pre-payment, in full or part, of certain borrowings availed by the Company. ii. General Corporate Purpose
DRHP of Maks Energy Solutions India Ltd IPO
RHP of Maks Energy Solutions India Ltd IPO

Maks Energy Solutions India Ltd IPO Details:

Open Date: Sep 16 2022
Close Date: Sep 20 2022
Total Shares: 1,998,000
Face Value: ₹ 10 Per Equity Share
Issue Type: Fixed Price Issue
Issue Size: 4 Cr.
Lot Size: 6000 Shares
Issue Price: ₹ 20 Per Equity Share
Listing At: NSE Emerge
Listing Date: Sep 28 2022

Promoters And Management:

i. Mr. Sourabh Mahendra Shaw, aged 36 years, is the Promoter and Managing Director of the Company. He has been re-designated as Managing Director of the Company with effect from February 12, 2020. He holds a Certificate in Planning and Entrepreneurship from the Indian Institute of Planning and Management and graduate degree in Commerce from Savitribai Phule Pune University. He is having more than a decade’s experience in the field of diesel engine, spares and generator business. He looks after the day-to-day operations, management and the entire export division of the Company. His contributions lead to growth and expansion of the Company. ii. Mr. Mahendra Madhairam Shaw, aged 59 years, is Whole-time Director and Chairperson of the Company. He holds a bachelor’s degree in commerce. He has been associated with the Company since its inception. He has more than 30 years of experience in the field of diesel engines and its spares. He has in-depth knowledge of the industry. He plays a crucial role in providing strategic inputs to the management and also looks after the administration of the Company. Before joining the Company, he was dealing in diesel engine and earth moving equipments’ spare-parts business in the capacity of a proprietor of MM Diesel Spare, which line of business he continues to pursue. iii. Mrs. Swati Sourabh Shaw, aged 35 years, is the Non-Executive Director of the Company. She has been associated with the Company since its inception. She has done her graduation in Business Administration from Devi Ahilya University, Indore. As a Director and one of the founders of the Company, she plays a pivotal role in the planning and development activities of the Company. She is having 10 years of experience in administration and customer relationship services.

Financials of Maks Energy Solutions India Ltd IPO:

 
Particulars (in crores) March 22 March 21 Mar 20
Revenue from operations 25 20 42
Cost of Material Consumed 10 10 19
Purchase of Stock in Trade 9 5 15
Changes in Inventory 1 1 -2
Employee Benefit Expense 1 0.7 1
Other Expense 1 1 5
Operating Profit 3 2.3 4
OPM% 12.00% 11.50% 9.52%
Finance Cost 2 2 2
Depreciation 0.04 0.05 0.07
Other Income 2 0.2 0.1
Profit (Loss) before tax 1 0 2
Tax expense 0.4 0.03 0.5
Profit (Loss) for the period 0.5 0 0
Share After Issue 0.6 0.6 0.6
Earnings per share 0.83 0 0
 

Comparison With Peers:

There are no listed peer related to such business.

Recommendation on Maks Energy Solutions India Ltd IPO:

Review and Recommendation of Maks Energy Solution by IZ Team is 2/10

1. The main business of the 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. So, basically it is assembling and trading company. 2. Over the years they have diversified their operations from generator sets to trading, assembling, selling, installing, testing and commissioning of DG Sets. 3.  In 2019, they have also diversified into the business of distribution of commercial vehicle spare parts in the state of Maharashtra. 4. Revenue is in declining trend. It is reducing from 42 Crores in Fy19 to 25 Crores in Fy22. 5. The company is in loss after adding the losses of Joint Venture. 

Lead Manager of Maks Energy Solutions India Ltd IPO:

  1. Sun Capital Advisory Services (P) Ltd

Registrar of Maks Energy Solutions India Ltd IPO:

  1. Bigshare Services Private Limited

Company Address:

Maks Energy Solutions India Ltd Showroom-1, 599/600 Rasta Peth, Shubham Society, Near - Parsi Agyari, Pune - 411011 Phone: +91 83790 69555 Email: maksenergy@gmail.com Website: http://www.maksgenerators.com/

Discussion on Maks Energy Solutions India Ltd IPO:

Leave a Reply