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Maxvolt Energy Industries IPO vs Royal Arc Electrodes IPO

Comparison between Maxvolt Energy Industries IPO and Royal Arc Electrodes IPO.

IPO Details

Maxvolt Energy Industries IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Royal Arc Electrodes IPO is a SME Bookbuilding proposed to list at NSE SME.

 Maxvolt Energy Industries IPORoyal Arc Electrodes IPO
LogoMaxvolt Energy Industries IPO LogoRoyal Arc Electrodes IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersSmart Horizon Capital Advisors Pvt.Ltd.Fedex Securities Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Kfin Technologies Ltd.
Market MakerRikhav Securities Ltd.Shreni Shares Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Maxvolt Energy Industries IPO is up to ₹51.26 Cr whereas the issue size of the Royal Arc Electrodes IPO is up to ₹34.16 Cr. The final issue price of Maxvolt Energy Industries IPO is ₹180.00 per share and of Royal Arc Electrodes IPO is ₹120.00 per share.

 Maxvolt Energy Industries IPORoyal Arc Electrodes IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹171.00 per share₹114.00 per share
Issue Price (Upper)₹180.00 per share₹120.00 per share
Issue Price (Final)₹180.00 per share₹120.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)₹0.00 per share₹0.00 per share
Market Lot Size800 shares1200 shares
Fresh Issue Size22,48,000 shares16,46,400 shares
Fresh Issue Size (Amount)up to ₹40.46 Crup to ₹19.76 Cr
OFS Issue Size6,00,000 shares12,00,000 shares
OFS Issue Size (Amount)up to ₹10.80 Crup to ₹14.40 Cr
Issue Size Total28,48,000 shares28,46,400 shares
Issue Size Total (Amount)up to ₹51.26 Crup to ₹34.16 Cr

IPO Timetable

Maxvolt Energy Industries IPO opens on Feb 12, 2025, while Royal Arc Electrodes IPO opens on Feb 14, 2025. The closing date of Maxvolt Energy Industries IPO and Royal Arc Electrodes IPO is Feb 14, 2025, and Feb 18, 2025, respectively.

 Maxvolt Energy Industries IPORoyal Arc Electrodes IPO
Anchor Bid DateFeb 11, 2025Feb 13, 2025
Issue OpenFeb 12, 2025Feb 14, 2025
Issue CloseFeb 14, 2025Feb 18, 2025
Basis Of Allotment (Tentative)Feb 17, 2025Feb 19, 2025
Initiation of Refunds (Tentative)Feb 18, 2025Feb 20, 2025
Credit of Share (Tentative)Feb 18, 2025Feb 20, 2025
Listing date (Tentative)Feb 19, 2025Feb 24, 2025
Anchor Lockin End date 1Mar 19, 2025Mar 21, 2025
Anchor Lockin End date 2May 18, 2025May 20, 2025

Financials & KPIs

Maxvolt Energy Industries IPO P/E ratio is 29.39, as compared to Royal Arc Electrodes IPO P/E ratio of 9.36.

 Maxvolt Energy Industries IPORoyal Arc Electrodes IPO
Financials

Maxvolt Energy Industries Limited Financial Information (Restated)

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets53.7731.5110.253.61
Total Income41.0948.7913.926.18
Profit After Tax4.775.210.280.01
Net Worth23.9411.550.640.37
Reserves and Surplus15.443.790.320.05
Total Borrowing4.975.892.922.33
Amount in ₹ Crore

Royal Arc Electrodes Limited Financial Information (Restated)

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets55.6952.2543.8542.48
Total Income46.06100.9998.0364.82
Profit After Tax3.1811.939.572.12
Net Worth45.4542.2730.3520.78
Reserves and Surplus36.1532.9728.5318.96
Total Borrowing2.020.21.427.81
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)57.2599.99
Promoter Shareholding (Post-Issue)39.1472.96
P/E Ratio29.399.36
Market Cap₹196.27 Cr.₹133.20 Cr.
ROE85.41%32.85%
ROCE39.46%37.73%
Debt/Equity0.51
EPS₹6.12₹12.82
RoNW45.09%28.21%

Shares Offered

In the Maxvolt Energy Industries IPO Retail Individual Investors (RII) are offered 10,00,000 shares while in Royal Arc Electrodes IPO retail investors are offered 10,00,000 shares. Qualified Institutional Buyers (QIB) are offered 5,68,800 shares in Maxvolt Energy Industries IPO and 5,82,000 shares in Royal Arc Electrodes IPO.

 Maxvolt Energy Industries IPORoyal Arc Electrodes IPO
Anchor Investor Reserveration8,51,200 shares8,40,000 shares
Market Maker Reserveration1,52,000 shares1,53,600 shares
QIB5,68,800 shares5,82,000 shares
NII4,28,000 shares4,06,800 shares
RII10,00,000 shares10,17,600 shares
Employee0 shares0 shares
Others
Total28,48,000 shares28,46,400 shares

Bids Received (Subscription)

Maxvolt Energy Industries IPO subscribed 3.23x in total, whereas Royal Arc Electrodes IPO subscribed 1.60x.

 Maxvolt Energy Industries IPORoyal Arc Electrodes IPO
QIB (times)6.76x1.04x
NII (times)1.45x0.92x
Big NII (times)
Small NII (times)
RII (times)1.97x2.20x
Employee (times)
Other (times)
Total (times)3.23x1.60x