Maks Energy Solutions India Ltd. has announced public offering of 1998000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 10.00 per share. The gross proceeds of the issue are expected to be Rs 399.60 lakhs.

The company's initial public offer (IPO) will open on 16 September 2022 and is expected to close on 20 September 2022, subject to customary closing conditions.

The IPO includes a fresh Issue of 1998000 Equity Shares of the Company at an price of Rs 20.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 6000 shares with bids in multiples of 6000.

Maks Energy Solutions India Ltd. anticipates using the proceeds of the issue for (a) Repayment/ prepayment, in full or part, of certain borrowings availed by the Company

(b) General Corporate Purpose.

Sun Capital Advisory Services Pvt. Ltd. as lead manager & Bigshare Services Private Limited. is the registrar, to the issue.