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
- 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.
- 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:
- A portion of the funds will be used to repay or prepay borrowings, improving the company's financial stability and reducing interest costs.
- The capital raised will support the purchase of new plant and machinery, enhancing production capacity and efficiency.
- 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:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
How To Apply for the Maxvolt Energy IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Maxvolt Energy IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- 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
- Contact Number:+91-22-6263 8200
- Email Address: ipo@bigshareonline.com
Maxvolt EnergyIPO Registrar
Financial Performance of Maxvolt Energy Industries Limited
| Particulars | Year ending on March 31, 2024 | Year ending on March 31, 2023 |
|---|---|---|
| Revenue from Operation (in ₹ lakh) | 4,837.15 | 1,367.95 |
| Profit After Tax (PAT) (in ₹ lakh) | 520.83 | 27.88 |
| EPS (Earnings per Share in ₹) | 7.07 | 1.33 |
| Total Borrowings (in ₹ lakh) | 588.67 | 291.58 |
| Return on equity (%) | 85.41 | 55.18 |
| Return on capital employed (%) | 39.46 | 17.69 |
| EBITDA (in ₹ lakh) | 662.27 | 54.61 |
| Current Ratio (x) | 1.63 | 1.08 |
Know before investing
Strengths
5Maxvolt ensures top-notch quality with ISO 9001:2015-certified lithium batteries.
A strong dealer network across states enhances product reach and sales.
Experienced promoters drive growth with strategic industry expertise.
A diverse lithium battery portfolio meets evolving consumer needs.
A 97.2 MWh manufacturing capacity boosts production and efficiency.
Risks
5Maxvolt Energy faces ₹425.47 lakh in pending tax litigation cases.
A criminal complaint is pending against a company director with unknown liabilities.
Limited operating history since 2019 makes future business prospects uncertain.
Heavy reliance on key customers may impact revenue if they withdraw.
Dependence on a single supplier for raw materials poses sourcing risks.
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 |
