IPO Details

Bidding Dates

12 Feb '25 - 14 Feb '25

Minimum Investment

₹1,44,000 / 1 Lot (800 Shares)

Price Range

₹171-₹180

Maximum Investment

₹1,44,000 / 1 Lot (800 Shares)

Retail Discount

To be announced

Issue Size

₹54.00 Cr

Investor category and sub category

Retail Individual Investors (RII)  |   Non-institutional Investors (NII)  |   Qualified Institutional Buyers (QIB)  |  

Maxvolt Energy IPO Important Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Feb 12, 25

IPO Closing Date

Feb 14, 25

Basis of Allotment

Feb 17, 25

Initiation of Refunds

Feb 18, 25

IPO Listing Date

Feb 19, 25

About Maxvolt Energy IPO

Maxvolt Energy is launching its IPO with a book-built issue worth ₹54.00 crore. The offering consists of a fresh issue of 24.00 lakh shares, amounting to ₹43.20 crore, and an offer for sale of 6.00 lakh shares, raising ₹10.80 crore. The IPO subscription opens on February 12, 2025, and closes on February 14, 2025. The allotment is expected to be finalised on February 17, 2025, with a tentative listing date on the NSE SME scheduled for February 19, 2025.

The price band for the Maxvolt Energy IPO is set between ₹171 and ₹180 per share. Investors can apply for a minimum lot size of 800 shares, requiring an investment of ₹1,44,000 for retail investors. High Net-worth Individuals (HNIs) must apply for at least two lots, which equals 1,600 shares, amounting to ₹2,88,000.

Smart Horizon Capital Advisors Private Limited is the book-running lead manager for the IPO, while Bigshare Services Pvt Ltd is handling the registrar duties. Rikhav Securities Limited is the market maker. For further details, refer to the Maxvolt Energy IPO RHP.

Industry Outlook

  1. The Indian manufacturing sector contributes 17% to the GDP and employs over 27.3 million workers. With government initiatives aiming to increase its share to 25% by 2025, the industry is poised for rapid growth, creating a strong demand for advanced energy storage solutions.
  2. India is promoting electric vehicle adoption, with EVs emitting 8% to 24% less carbon dioxide than internal combustion engine vehicles over their lifetimes. The shift towards EVs is boosting demand for reliable battery solutions.

Maxvolt Energy IPO Objectives 

The company plans to allocate the net proceeds from the issuance to the following purposes:

  1. A portion of the funds will be used to repay or prepay borrowings, improving the company's financial stability and reducing interest costs.
  2. The capital raised will support the purchase of new plant and machinery, enhancing production capacity and efficiency.
  3. The remaining funds will be used for general corporate purposes.

About Maxvolt Energy Industries Limited 

Maxvolt Energy Industries Limited, established in 2019, is a manufacturer of lithium-ion batteries used in electric vehicles, energy storage, and electronic gadgets. The company supplies batteries through a network of authorised dealers, distributors, and OEMs under the brand name “MaxVolt Energy.” It also manufactures customised battery packs for various industries and supplies graphene battery packs and battery chargers.

The company operates an ISO 9001:2015-certified manufacturing unit in Ghaziabad, Uttar Pradesh, spread across 18,000 square feet. This facility is well-connected, ensuring easy transportation of products and raw materials. As of September 30, 2024, the company has a manufacturing capacity of 97.2 MWh and plans to expand production through backward integration, including a new battery line and recycling of used batteries.

Maxvolt Energy Industries Limited is led by experienced promoters, ensuring strong business operations, quality control, and strategic expansion. The company prioritises innovation, modernisation, and quality assurance through in-house testing facilities. With a focus on delivering high-performance and sustainable battery solutions, it aims to strengthen its position in the competitive battery industry.

How To Check the Allotment Status of Maxvolt Energy IPO?

Steps to check IPO allotment status on Angel One’s app:

  1. Log in to the Angel One app.
  2. Go to the IPO Section and then to IPO Orders.
  3. Select the individual IPO that you had applied for and check the allotment status.
  4. Angel One will notify you of your IPO allotment status via push notification and email.

How To Apply for the Maxvolt Energy IPO Online?

  1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
  2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
  3. Select IPO: Find and select the Maxvolt Energy IPO from the list of open IPOs.
  4. Enter the Lot Size: Specify the number of lots you want to bid for.
  5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
  6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

Contact Details of Maxvolt Energy IPO 

Registered office: F-108, Plot No. 1 F/F United Plaza, Community Centre, Karkardooma, New Delhi - 110092, India.

Phone: +91 9810406453

E-mail: investorrelations@maxvoltenergy.com

Maxvolt Energy IPO Reservation

Investor Category

Shares Offered

QIB Shares 

Not more than 50% of the Net Offer

Retail Shares 

Not less than 35% of the Net Offer

NII (HNI) Shares

Not less than 15% of the Net Offer

Maxvolt Energy IPO Lot Size

Application

Lots

Shares

Amount

Retail (Min)

1

800

₹1,44,000

Retail (Max)

1

800

₹1,44,000

HNI (Min)

2

1,600

₹2,88,000

Maxvolt Energy IPO Promoter Holding

Mr. Bhuvneshwar Pal Singh, Mr. Vishal Gupta, and Mr. Sachin Gupta are the promoters of the company.

Share Holding Pre-Issue

57.25%

Share Holding Post Issue

39.14%

Key Performance Indicators for Maxvolt Energy IPO

As of March 31, 2024, the market capitalisation of Maxvolt Energy's IPO is ₹196.27 crore. Here are the KPIs of Maxvolt Energy:

KPI

Value

RoE (%)

85.41

RoCE (%)

39.46

Debt/Equity

0.51

PAT Margin

10.77

Price Metrics

Metric

Pre-IPO

Post-IPO

EPS (₹)

6.12

8.75

P/E (x)

29.39

20.57

Note: Pre-IPO EPS is based on pre-issue shareholding as per the RHP and FY earnings as of March 31, 2024. Post-Issue EPS is calculated using post-issue shareholding and annualised FY earnings as of September 30, 2024, as stated in the RHP.

Maxvolt Energy IPO Prospectus

Maxvolt Energy IPO Registrar and Lead Managers

Maxvolt Energy IPO Lead Managers

  • Smart Horizon Capital Advisors Private Limited

Registrar for Maxvolt Energy IPO

Bigshare Services Pvt Ltd

Maxvolt EnergyIPO Registrar

Financial Performance of Maxvolt Energy Industries Limited

Particulars Year ending on March 31, 2024 Year ending on March 31, 2023 Year ending on March 31, 2022
Revenue from Operation (in ₹ lakh) 4,837.15 1,367.95 615.01
Profit After Tax (PAT) (in ₹ lakh) 520.83 27.88 1.42
EPS (Earnings per Share in ₹) 7.07 1.33 0.07
Total Borrowings (in ₹ lakh) 588.67 291.58 232.77
Return on equity (%) 85.41 55.18 3.95
Return on capital employed (%) 39.46 17.69 5.92
EBITDA (in ₹ lakh) 662.27 54.61 16.03
Current Ratio (x) 1.63 1.08 1.09

Know before investing

Strengths

5

  1. Maxvolt ensures top-notch quality with ISO 9001:2015-certified lithium batteries.

  2. A strong dealer network across states enhances product reach and sales.

  3. Experienced promoters drive growth with strategic industry expertise.

  4. A diverse lithium battery portfolio meets evolving consumer needs.

  5. A 97.2 MWh manufacturing capacity boosts production and efficiency.

Risks

5

  1. Maxvolt Energy faces ₹425.47 lakh in pending tax litigation cases.

  2. A criminal complaint is pending against a company director with unknown liabilities.

  3. Limited operating history since 2019 makes future business prospects uncertain.

  4. Heavy reliance on key customers may impact revenue if they withdraw.

  5. Dependence on a single supplier for raw materials poses sourcing risks.

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Maxvolt Energy Industries Limited Peer Comparison

Company Name Face Value (₹) Basic and Diluted EPS (₹) RoNW (%) NAV per Share (₹)
Maxvolt Energy Industries Limited 10 7.07 45.09 14.88
Amara Raja Energy & Mobility Limited 1 49.49 13.38 369.87
Exide Industries Limited 1 12.39 8.02 154.56
High Energy Batteries (India) Ltd. 2 19.14 19.56 97.84
Servotech Renewable Power System Limited 1 0.52 8.81 5.93

Maxvolt Energy IPO FAQs

What is the Maxvolt Energy IPO?

Maxvolt Energy IPO is a book-built issue IPO. It will be open from February 12, 2025, to February 14, 2025.

When will Maxvolt Energy IPO be allotted?

The Basis of Allotment will happen on Monday, February 17, 2025.

When will Maxvolt Energy IPO open for subscription?

The IPO subscription window will open on  February 12, 2025.

What minimum lot size can retail investors subscribe to?

The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 800 shares.

When will Maxvolt Energy Industries Limited list on exchanges?

The listing date for Maxvolt Energy Industries Limited is Wednesday, February 19, 2025.

What is the issue size of Maxvolt Energy IPO?

The issue size of the Maxvolt Energy IPO is up to ₹54.00 crore, with a fresh issue of ₹43.20 crore and an offer for sale of ₹10.80 crore.

What are the open and close dates of the Maxvolt Energy IPO?

The open and close dates for Maxvolt Energy IPO are from February 12, 2025, to February 14, 2025.

What would be the listing gains on Maxvolt Energy IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.

How to increase your chances of getting a Maxvolt Energy IPO allotment?

  1. Multiple Submissions: Use different Demat accounts to make multiple applications.
  2. Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.
  3. Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.

How do I approve the UPI mandate request for Maxvolt Energy IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Maxvolt Energy Industries Limited using one PAN?

You can submit only one application using your PAN card.

How to read Maxvolt Energy Limited's financial statements?

To read Maxvolt Energy Limited’s financial statements, download the IPO’s  RHP document.

What is 'pre-apply' for the Maxvolt Energy IPO?

Pre-apply allows investors to apply for the  Maxvolt Energy IPO two days before the subscription period opens, ensuring an early submission of your application.

If I pre-apply for the Maxvolt Energy Industries Limited IPO, when will my order get placed?

Your order will be placed when the IPO opens for bidding, and a UPI request will follow within 24 hours.

When will I know if my Maxvolt Energy Industries IPO order is placed?

You will receive a notification once your order is successfully placed with the exchange after the bidding starts.

Who is the registrar of Maxvolt Energy IPO?

Bigshare Services Pvt Ltd is the registrar responsible for managing the IPO allotment process and handling investor queries.

Where is Maxvolt Energy IPO getting listed?

Maxvolt Energy IPO is proposed to be listed on the SME platform of the National Stock Exchange (NSE).