Maks Energy Solutions India Ltd - IPO

Maks Energy Solutions India Ltd IPO Details

Public issue of 19,98,000 equity shares of face value of Rs. 10.00 each of Maks Energy Solutions India Limited (the Company or the Issuer) for cash at a price of Rs. 20.00 per equity share including a share premium of Rs. 10.00 per equity share (the Issue Price) aggregating to Rs. 4.00 crores (The Issue) out of which 1,02,000 equity shares of face value of Rs. 10.00 each, at an issue price of Rs. 20.00 per equity share for cash, aggregating Rs. 0.20 crores will be reserved for subscription by the market maker to the issue (Market Maker Reservation Portion). The issue less market maker reservation portion i.e. issue of 18,96,000 equity shares of face value of Rs. 10.00 each, at an issue price of Rs. 20.00 per equity share for cash, aggregating 3.79 crores is here inafter referred to as the Net Issue. The public issue and net issue will constitute 28.81% and 27.34% respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10.00 each and the issue price is 2 times of the face value of the equity shares.

Objective of issue

Repayment / pre-payment in full or part, of certain borrowings availed by the company. General corporate purpose.

Maks Energy Solutions India Ltd Contact Details

Maks Energy Solutions India Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - maksenergy@gmail.com

Website - www.maksgenerators.com