Maxvolt Energy Industries was established on May 09, 2019. The company manufactures lithium-ion batteries under the “MaxVolt Energy” brand for electric vehicles, energy storage, and electronics. It also supplies graphene battery packs and chargers while offering customized battery solutions for various industries
| Bidding Dates |
|---|
| 12 Feb 2025 - 14 Feb 2025 |
| Subscription |
|---|
| 3.07x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,36,800 | 1 | 1 | 800 | 3.0 M | ₹171 - ₹180 | 39.14 % | ₹513.0 M - ₹540.0 M | RHP DOC |
Maxvolt Energy Industries IPO SUBSCRIPTION STATUS
14 Feb '25Maxvolt Energy Industries IPO overall subscription rate was 3.07 times the total available shares
Maxvolt Energy Industries IPO retail subscription rate was 2.62 times in the retail segment
Maxvolt Energy Industries IPO non-institutional investor subscription rate was 2.4 times in the non-institutional investor category
Maxvolt Energy Industries IPO Qualified Institutional Bidder subscription rate was 3.58 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
14 Feb 2025 (Day 3) | 2.62x | 2.4x | 3.58x |
13 Feb 2025 (Day 2) | 1.08x | 0.66x | 2.37x |
12 Feb 2025 (Day 1) | 0.46x | 0.54x | 0.54x |
Maxvolt Energy Industries FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| H1FY25 | 47.7 | 402.8 | -36.0 | -62.7 | 13.3% |
| FY24 | 52.1 | 483.7 | -75.5 | -82.8 | 13.7% |
| FY23 | 2.8 | 136.8 | -3.2 | -3.4 | 4.0% |
| FY22 | 0.1 | 61.5 | -15.1 | -20.6 | 2.6% |
Maxvolt Energy Industries IPO SUBSCRIPTION STATUS DETAILS
Maxvolt Energy Industries had 3.0 M shares on offer
Maxvolt Energy Industries IPO offer price was in the range ₹171 - ₹180
Maxvolt Energy Industries IPO minimum Investment was ₹136800
Maxvolt Energy Industries IPO issue size was ₹ 513.0 M - ₹ 540.0 M
Maxvolt Energy Industries had a minimum lot size of 800 Shares per application
Maxvolt Energy Industries NUMBER OF SHARES ON OFFER
Maxvolt Energy Industries IPO IMPORTANT DATES
| Issue Open Date | 12 Feb 2025 |
| Issue close Date | 14 Feb 2025 |
| Allotment Date | 17 Feb 2025 |
| Refund Date | 18 Feb 2025 |
| Demat Account Credit Date | 18 Feb 2025 |
| Listing Date | 19 Feb 2025 |
| Listing on Exchange(s) | NSE |
| Maxvolt Energy Industries Allotment Status | Exchange |
Maxvolt Energy Industries IPO subscription opened on 12 Feb 2025, and closed on 14 Feb 2025
IPO allotment for Maxvolt Energy Industries was finalized on Monday, 17 Feb 2025
IPO listing for Maxvolt Energy Industries was on NSE on Wednesday, 19 Feb 2025
Maxvolt Energy Industries IPO LISTING GAINS
| Issue Price (adjusted) | 180.0 |
| Listing Open Price | 180.0 |
| Listing Close Price | 180.9 |
| Listing Gain% | 0.0% |
| Current Gain% | 92.4% |
Maxvolt Energy Industries Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Maxvolt Energy Industries Ltd. | 346.2 | 377.5 | 15.5 | 1.3 | 23.4 | 10.8 | 298.6 | 24.4 | 22.4 | ||||
| Havells India Ltd. | 1288 | 80750.1 | 49.4 | 3.2 | 3.4 | 17.9 | 11.5 | 23022.2 | 4.3 | 1690.6 | 14.8 | 26.1 | 15.7 |
| Waaree Energies Ltd. | 2717 | 78154.9 | 20.5 | 0.3 | 2.6 | 25.7 | 12.3 | 27244.9 | 83.5 | 3711.3 | 98.7 | 132.7 | 72 |
| Apar Industries Ltd. | 16631 | 66829.5 | 56.6 | 1.7 | 2.7 | 18.1 | 7.1 | 22966.9 | 22.9 | 976.9 | 18.9 | 294 | 34 |
| Premier Energies Ltd. | 1047.2 | 47537.8 | 28.6 | 0.5 | 5.6 | 35 | 13.9 | 8025.9 | 20.7 | 1509.8 | 61.1 | 36.7 | 59.1 |
| Honeywell Automation India Ltd. | 37900 | 33509.3 | 60.8 | 7.9 | 7.1 | 11.8 | 8.4 | 4860.9 | 11.2 | 525 | 0.3 | 623.3 | 7.7 |
Maxvolt Energy Industries INFORMATION ON IPO ISSUE
About Maxvolt Energy Industries
Maxvolt Energy Industries was established on May 09, 2019. The company manufactures lithium-ion batteries under the “MaxVolt Energy” brand for electric vehicles, energy storage, and electronics. It also supplies graphene battery packs and chargers while offering customized battery solutions for various industries
Object of the Issue
- 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
Maxvolt Energy Industries - PROMOTERS
| Name |
|---|
| Bhuvneshwar Pal Singh |
| Vishal Gupta |
| Sachin Gupta |
Maxvolt Energy Industries Lead Manager of the Issue
Smart Horizon Capital Advisory Private Limited
director@shcapl.com
Maxvolt Energy Industries Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Maxvolt Energy Industries Strengths
Quality assurance
The company's quality control team conducts rigorous multi-level inspections to ensure battery excellence. With expertise in lithium-ion integration, it enhances performance and durability using proprietary techniques to reduce energy loss and improve thermal management
Efficient supply chain
The company sells its products through dealers, distributors, and OEMs, fostering a co-dependent ecosystem where dealers support each other in stock management and sales. Its incentive model encourages dealer expansion, strengthening its distribution network
Customized product development
The company specializes in customized products, tailoring manufacturing to meet specific customer requirements through precise design and individual support
Maxvolt Energy Industries Risks
Depend on sale of batteries
The company primarily generates revenue from e-scooter battery sales. Any decline in market acceptance could negatively impact its business and future growth
Customer complaints
The company has faced customer complaints about its products in the past and cannot guarantee that similar issues won’t arise or be resolved promptly in the future
Risks of accidents
Lithium-ion cells in battery packs may catch fire or release smoke even when properly handled, potentially leading to negative publicity that could impact the company's brand, business, and financial condition
IPO FAQs
This IPO consists of an offer for sale of up to Rs 10.8 crore, of 600,000 shares. It also consists of a fresh issue of Rs 43.2 crore.
The promoters of the company are Bhuvneshwar Pal Singh, Vishal Gupta and Sachin Gupta.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 171.0 - 180.0.
The IPO application opens on Feb 12, 2025 and closes on Feb 14, 2025.
The minimum lot size for the IPO is 800. The maximum lot size for the IPO is 800.
For all category investors, the minimum application amount for this IPO is Rs. 136,800.0, the maximum value for this IPO is Rs 144,000.0.
This IPO will be allotted on Feb 17, 2025.
The refund will be credited to your account on Feb 18, 2025.
The allotted shares will be credited to your demat on Feb 18, 2025.
Maxvolt Energy Industries Ltd.’s shares listed on the stock exchanges on Feb 19, 2025.