MaxVolt Energy IPO is scheduled to open for subscription on February 12, 2025, and will close on February 14, 2025. This book-built issue aims to raise approximately ₹54.00 crores, consisting of a fresh issue of 24.00 lakh shares worth ₹43.20 crores and an offer for sale of 6.00 lakh shares totaling ₹10.80 crores.
The IPO price band is set between ₹171 to ₹180 per share, with a retail investor quota of 35%, QIB at 50%, and HNI at 15%. Investors can expect the allotment process to be finalized on February 17, 2025, while the listing is scheduled for February 19, 2025, on the NSE SME platform.
The company has demonstrated strong financial growth, reporting a revenue surge from ₹13.68 crores in 2023 to ₹48.37 crores in 2024, alongside a significant profit increase from ₹0.28 crores to ₹5.21 crores.
Given its financial performance, long-term investors may find potential in this IPO. The minimum investment for retail investors requires purchasing at least one lot (800 shares), amounting to ₹1,44,000, while HNIs need to apply for at least two lots (1,600 shares), requiring an investment of ₹2,88,000.
Overview of Contents
MaxVolt Energy IPO Overview
| Particulars | Details |
|---|---|
| IPO Open Date | February 12, 2025 |
| IPO Close Date | February 14, 2025 |
| Face Value | ₹10 per equity share |
| Price Band | ₹171 to ₹180 per share |
| Total Issue Size | 30,00,000 shares (₹54.00 Cr) |
| Fresh Issue | 24,00,000 shares (₹43.20 Cr) |
| Offer for Sale | 6,00,000 shares (₹10.80 Cr) |
| Issue Type | Book Built Issue |
| Lot Size | 800 shares |
| Retail Quota | Not more than 35% |
| QIB Quota | Not more than 50% |
| NII (HNI) Quota | Not more than 15% |
| Market Maker Portion | 1,52,000 shares |
| Listing Exchange | NSE SME |
| Pre-Issue Shareholding | 85,03,928 shares |
| Post-Issue Shareholding | 1,09,03,928 shares |
| DRHP | Click here |
| RHP | Click here |
MaxVolt Energy IPO Lot Size
| Category | Minimum Lots | Total Shares | Investment Amount |
|---|---|---|---|
| Retail Investor (Min) | 1 Lot | 800 Shares | ₹1,44,000 |
| Retail Investor (Max) | 1 Lot | 800 Shares | ₹1,44,000 |
| HNI Investor (Min) | 2 Lots | 1,600 Shares | ₹2,88,000 |
MaxVolt Energy IPO IPO Dates
| Event | Scheduled Date |
|---|---|
| Subscription Starts | 12th February 2025 |
| Subscription Ends | 14th February 2025 |
| Allotment Finalization | 17th February 2025 |
| Refund Process Begins | 18th February 2025 |
| Demat Account Credit | 18th February 2025 |
| Listing on NSE SME | 19th February 2025 |
MaxVolt Energy IPO Promoter Holding
MaxVolt Energy is backed by its promoters, Mr. Bhuvneshwar Pal Singh, Mr. Vishal Gupta, and Mr. Sachin Gupta, who play a key role in the company’s leadership and growth.
| Stage | Promoter Holding (%) |
|---|---|
| Before IPO | 57.25% |
| After IPO | 39.14% |
About Maxvolt Energy IPO
MaxVolt Energy Industries Limited, incorporated in 2019, specializes in manufacturing lithium-ion batteries for electric vehicles, energy storage, and electronics under the “MaxVolt Energy” brand. The company supplies customized battery packs, graphene battery packs, and chargers, catering to dealers, distributors, and OEMs.
As of September 30, 2024, MaxVolt Energy operates service centers across five states and has a 97-member workforce. The company owns an 18,000 sq. ft. manufacturing facility in Ghaziabad, equipped with advanced machinery and safety measures. Its product lineup includes E-scooter, E-rickshaw, E-cycle batteries, energy storage solutions, and lithium/lead battery chargers.
MaxVolt Energy’s key strengths include quality assurance, a strong dealership network, experienced leadership, in-house manufacturing capabilities, and customized product development. With a focus on technological advancement, the company aims to expand its presence and enhance customer satisfaction.
Objects of the Issue
- Debt Repayment: Partial/full repayment of loans.
- Capital Expenditure: Purchase of plant & machinery.
- General Corporate Purposes.
MaxVolt Energy IPO Financial Performance
| Financial Metrics | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Total Assets (₹ Cr) | 53.77 | 31.51 | 10.25 | 3.61 |
| Revenue (₹ Cr) | 41.09 | 48.79 | 13.92 | 6.18 |
| Profit After Tax (₹ Cr) | 🟢 4.77 | 🟢 5.21 | 🟢 0.28 | 🟢 0.01 |
| Net Worth (₹ Cr) | 23.94 | 11.55 | 0.64 | 0.37 |
| Reserves & Surplus (₹ Cr) | 15.44 | 3.79 | 0.32 | 0.05 |
| Total Borrowings (₹ Cr) | 4.97 | 5.89 | 2.92 | 2.33 |
MaxVolt Energy IPO Valuation – FY2024
| Valuation Metrics | Figures |
|---|---|
| Return on Equity (ROE) | 85.41% |
| Return on Capital Employed (ROCE) | 39.46% |
| EBITDA Margin | 13.69% |
| Profit After Tax (PAT) Margin | 10.77% |
| Debt-to-Equity Ratio | 0.51 |
| Earnings Per Share (EPS) | ₹7.07 (Basic) |
| Price-to-Earnings (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 45.09% |
| Net Asset Value (NAV) Per Share | ₹15.68 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Amara Raja Energy & Mobility Limited | 49.49 | 26.34 | 13.38 | 369.87 | – Cr. |
| Exide Industries Limited | 12.39 | 35.27 | 8.02 | 154.56 | – Cr. |
| High Energy Batteries (India) Ltd. | 19.14 | 32.24 | 19.56 | 97.84 | – Cr. |
| Servotech Power Systems Limited | 0.52 | 353.08 | 8.81 | 5.93 | – Cr. |
MaxVolt Energy IPO Review
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MaxVolt Energy IPO Registrar
Bigshare Services Private Limited
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Company Address
MaxVolt Energy Industries Limited
E- 82, Industrial Area, Bulandshahar Road, Ghaziabad,
Uttar Pradesh Uttar Pradesh-201009, India
Phone: +91 9810406453
E-mail: investorrelations@maxvoltenergy.com
Website: www.maxvoltenergy.com
IPO Lead Managers aka Merchant Bankers
- Smart Horizon Capital Advisory Private Limited
FAQs on MaxVolt Energy IPO
When does the MaxVolt Energy IPO open and close?
The IPO opens on February 12, 2025, and closes on February 14, 2025.
What is the price band for MaxVolt Energy IPO?
The price band is set at ₹171 to ₹180 per share.
What is the lot size for retail investors?
Retail investors need to apply for a minimum of 800 shares, requiring an investment of ₹1,44,000.
When will the MaxVolt Energy IPO allotment be finalized?
The allotment is expected to be finalized on February 17, 2025.
What is the MaxVolt Energy IPO listing date?
The IPO is set to list on NSE SME on February 19, 2025.
What is the total issue size of MaxVolt Energy IPO?
The IPO issue size is ₹54.00 crores, including a fresh issue of ₹43.20 crores and an offer for sale of ₹10.80 crores.
What is the retail and QIB quota?
Retail investors get 35%, QIBs get 50%, and HNIs get 15% of the total issue.
Where will MaxVolt Energy IPO be listed?
The IPO will be listed on the NSE SME platform.
What is the purpose of the IPO?
Funds will be used for loan repayment, capital expenditure, and general corporate purposes.