Maxvolt Energy Industries Limited IPO (Maxvolt Energy IPO) Detail
Maxvolt Energy IPO is a book built issue of Rs 54.00 crores. The issue is a combination of fresh issue of 24.00 lakh shares aggregating to Rs 43.20 crores and offer for sale of 6.00 lakh shares aggregating to Rs 10.80 crores.
Maxvolt Energy IPO bidding started from February 12, 2025 and ended on February 14, 2025. The allotment for Maxvolt Energy IPO was finalized on Monday, February 17, 2025. The shares got listed on NSE SME on February 19, 2025.
Maxvolt Energy IPO price band is set at ₹180 per share. The minimum lot size for an application is 800. The minimum amount of investment required by retail investors is ₹1,36,800. But it is suggested to the investor to bid at the cutoff price to avoid the oversubscription senerio, which is about to ₹1,44,000. The minimum lot size investment for HNI is 2 lots (1,600 shares) amounting to ₹2,88,000.
Smart Horizon Capital Advisors Private Limited is the book-running lead manager of the Maxvolt Energy IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.The market maker for Maxvolt Energy IPO is Rikhav Securities Limited.
Refer to Maxvolt Energy IPO RHP for detailed information.
Maxvolt Energy IPO Details
| IPO Date | February 12, 2025 to February 14, 2025 |
| Listing Date | February 19, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹180 per share |
| Lot Size | 800 Shares |
| Total Issue Size | 30,00,000 shares (aggregating up to ₹54.00 Cr) |
| Fresh Issue | 24,00,000 shares (aggregating up to ₹43.20 Cr) |
| Offer for Sale | 6,00,000 shares of ₹10 (aggregating up to ₹10.80 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 85,03,928 shares |
| Share Holding Post Issue | 1,09,03,928 shares |
| Market Maker Portion | 1,52,000 shares Rikhav Securities Limited |
Maxvolt Energy IPO Reservation
Maxvolt Energy IPO offers 30,00,000 shares. 5,68,800 (18.96%) to QIB, 4,28,000 (14.27%) to NII, 10,00,000 (33.33%) to RII and 8,51,200 (28.37%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 8,51,200 (28.37%) |
| Market Maker Shares Offered | 1,52,000 (5.07%) |
| QIB Shares Offered | 5,68,800 (18.96%) |
| NII (HNI) Shares Offered | 4,28,000 (14.27%) |
| Retail Shares Offered | 10,00,000 (33.33%) |
| Total Shares Offered | 30,00,000 (100%) |
Maxvolt Energy IPO Anchor Investors Details
Maxvolt Energy IPO raises Rs 15.32 crore from anchor investors. Maxvolt Energy IPO Anchor bid date is February 11, 2025. Maxvolt Energy IPO Anchor Investors list
| Bid Date | February 11, 2025 |
| Shares Offered | 8,51,200 |
| Anchor Portion Size (In Cr.) | 15.32 |
| Anchor lock-in period end date for 50% shares (30 Days) | March 19, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | May 18, 2025 |
Maxvolt Energy IPO Timeline (Tentative Schedule)
Maxvolt Energy IPO opens on February 12, 2025, and closes on February 14, 2025.
| IPO Open Date | Wed, Feb 12, 2025 |
| IPO Close Date | Fri, Feb 14, 2025 |
| Tentative Allotment | Mon, Feb 17, 2025 |
| Initiation of Refunds | Tue, Feb 18, 2025 |
| Credit of Shares to Demat | Tue, Feb 18, 2025 |
| Tentative Listing Date | Wed, Feb 19, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 14, 2025 |
Maxvolt Energy IPO Lot Size
Investors can bid for a minimum of 800 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| 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 |
| Lot Size Calculator | |||
Maxvolt Energy IPO Promoter Holding
| Share Holding Pre Issue | 57.25% |
| Share Holding Post Issue | 39.14% |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
About Maxvolt Energy Industries Limited
Incorporated in 2019, Maxvolt Energy Industries Limited is engaged in the business of manufacturing of lithium-ion batteries.
The company manufactures lithium-ion batteries for electric vehicles, energy storage, and electronics, sold through dealers, distributors, and OEMs under the “MaxVolt Energy” brand.
The company manufactures customized battery packs, supplies Graphene battery packs, and chargers under its own brand name.
As of September 30, 2024, the company has service centers in five states, providing support to dealers and distributors for battery issues.
The company’s manufacturing facility has advanced machinery, safety measures, and testing labs. It ensures quality control from raw material procurement to final product testing, packaging, and dispatch.
Business Model:
- Manufacturing:
The company manufactures a wide range of lithium-ion battery packs and offers customization for capacity, watt-hours, dimensions, and weight. - Outsourcing:
The company supplies components like lead batteries and chargers, designed and specified by the company, manufactured by third parties.
Products:
- E-Scooter / Bike Battery
- E- Rickshaw Battery
- E- Cycle Battery
- Battery for Energy Storage
- Battery for Electronic Gadgets
- Lead E-Scooter Battery
- Lithium Battery Charger, Lead Battery Charger
As on September 30, 2024, the company has employed 97 personnel.
Competitive Strengths:
- Quality Assurance
- Dealership network and presence in across various states
- Leveraging the experience of the Promoters and Directors
- Wide range of the products
- Manufacturing at scale, in-house manufacturing facility with equipped machines and processes
- Optimal Utilization Resources
- Customized Product Development
Company Financials
Maxvolt Energy Industries Limited Financial Information (Restated)
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 53.77 | 31.51 | 10.25 | 3.61 |
| Revenue | 41.09 | 48.79 | 13.92 | 6.18 |
| Profit After Tax | 4.77 | 5.21 | 0.28 | 0.01 |
| Net Worth | 23.94 | 11.55 | 0.64 | 0.37 |
| Reserves and Surplus | 15.44 | 3.79 | 0.32 | 0.05 |
| Total Borrowing | 4.97 | 5.89 | 2.92 | 2.33 |
| Amount in ₹ Crore | ||||
Key Performance Indicator (KPI)
The market capitalization of Maxvolt Energy IPO is Rs 196.27 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 85.41% |
| ROCE | 39.46% |
| Debt/Equity | 0.51 |
| RoNW | 45.09% |
| PAT Margin | 10.77 |
| Price to Book Value | 11.48 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 6.12 | 8.75 |
| P/E (x) | 29.39 | 20.57 |
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2024 that is available in RHP.
Objects of the Issue (Maxvolt Energy IPO Objectives)
The Company proposes to utilize the Net Proceeds from the Offer towards funding the following objects:
- Repayment or prepayment, in full or in part, of borrowings availed by the Company from banks, financial institutions and non-banking financial companies.
- Funding of capital expenditure requirements of the Company towards purchase of Plant and Machineries.
- General corporate purposes.
The Company will not receive any proceeds received from the Offer for Sale by the Selling Shareholder.
Maxvolt Energy IPO Review (Avoid)
[Dilip Davda] MEIL is primarily engaged in the business of manufacturing lithium-ion batteries of various range. It marked growth in its top and bottom lines. The company is operating in a highly competitive and fragmented segment. The sudden boost in top and bottom lines from FY24 onwards i.e. in pre-IPO years not only surprises, but raises concern over its sustainability. Based on its recent financial performance, the issue appears aggressively priced. There appears to be some window dressing in its recent financial performance to fetch fancy valuations. There is no harm in skipping this pricey as well as “High Risk/Low Return” bet. Read detail review…
Maxvolt Energy IPO Subscription Status (Bidding Detail)
The Maxvolt Energy IPO is subscribed 3.23 times on February 14, 2025 6:55:01 PM (Day 3). The public issue subscribed 1.97 times in the retail category, 6.76 times in the QIB category, and 1.45 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB | 6.76 | 5,68,800 | 38,47,200 | 6 |
| NII* | 1.45 | 4,28,000 | 6,20,800 | 177 |
| Retail | 1.97 | 10,00,000 | 19,72,800 | 2,466 |
| Total | 3.23 | 19,96,800 | 64,40,800 | 2,649 |
Total Application : 2,649
*Market Maker portion is not included to NII/HNI.
Maxvolt Energy IPO Prospectus
Maxvolt Energy IPO Listing Details
| Listing Date | February 19, 2025 |
| BSE Script Code | |
| NSE Symbol | MAXVOLT |
| ISIN | INE10A501018 |
| Final Issue Price | ₹180 per share |
Listing Day Trading Information
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹180.00 |
| Open | ₹180.00 |
| Low | ₹171.00 |
| High | ₹182.05 |
| Last Trade | ₹180.90 |
Check IPO Performance…
Maxvolt Energy Industries Limited Contact Details
Maxvolt Energy Industries Limited
F-108, Plot No. 1 F/F United Plaza,
Community Centre, Karkardooma,
East Delhi, New Delhi-110092
Phone: 91 98188 89835
Email: bhuvneshwar@maxvoltenergy.com
Website: http://www.maxvoltenergy.com/
Maxvolt Energy IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
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