MaxVolt Energy IPO was listed on the NSE at ₹180, the same as its issue price, with no listing premium. The flat debut indicates a cautious market response to the company’s offering.
MaxVolt Energy IPO saw strong demand, with total bids reaching 64.40 lakh shares against 19.96 lakh offered. QIBs subscribed 6.76x, NIIs 1.45x, and retail investors 1.97x. Anchor investors took 8.51 lakh shares, and market makers secured 1.52 lakh shares, with total applications worth ₹115.93 crore from 2,649 investors.
MaxVolt Energy IPO had a last reported GMP of ₹0, indicating no expected listing gain or loss. The stock was listed on February 19, 2025, at ₹180, the same as its issue price, confirming a neutral market debut in line with GMP predictions.
Overview of Contents
Details About MaxVolt Energy IPO
MaxVolt Energy IPO, priced between ₹171-₹180 per share, has a retail quota of 35%, QIB at 50%, and HNI at 15%. The allotment will be finalized on February 17, 2025, with listing on February 19, 2025, on the NSE SME platform. The company’s revenue grew from ₹13.68 crores in 2023 to ₹48.37 crores in 2024, while profits rose from ₹0.28 crores to ₹5.21 crores.
| 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 Financial Performance
MaxVolt Energy has shown strong financial growth, with total assets increasing from ₹3.61 crores in 2022 to ₹53.77 crores as of September 2024. Revenue surged from ₹6.18 crores in 2022 to ₹48.79 crores in March 2024, while profit after tax rose significantly from ₹0.01 crores in 2022 to ₹5.21 crores in March 2024. The company’s net worth and reserves also saw substantial growth, reflecting improved financial stability despite a slight rise in borrowings.
About Company
Founded in 2019, MaxVolt Energy Industries Limited is a leading manufacturer of lithium-ion batteries, specializing in energy solutions for electric vehicles, storage systems, and electronics under the “MaxVolt Energy” brand. The company designs and supplies customized battery packs, graphene battery packs, and chargers, catering to OEMs, dealers, and distributors.
Operating a state-of-the-art 18,000 sq. ft. manufacturing facility in Ghaziabad, MaxVolt Energy ensures high safety and quality standards. With service centers across five states and a skilled workforce of 97 employees, the company offers a diverse product range, including batteries for E-scooters, E-rickshaws, and E-cycles, along with energy storage solutions and lithium/lead battery chargers.
MaxVolt Energy’s strengths lie in its robust dealership network, in-house manufacturing expertise, and commitment to innovation. With a focus on expanding market reach and enhancing technological advancements, the company continues to drive growth in the energy solutions industry.