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Maxvolt Energy Industries IPO is a book build issue of ₹54.00 crores. The issue is a combination of fresh issue of 0.24 crore shares aggregating to ₹43.20 crores and offer for sale of 0.06 crore shares aggregating to ₹10.80 crores.
Maxvolt Energy Industries IPO bidding started from Feb 12, 2025 and ended on Feb 14, 2025. The allotment for Maxvolt Energy Industries IPO was finalized on Feb 17, 2025. The shares got listed on NSE SME on Feb 19, 2025.
Maxvolt Energy Industries IPO price band is set at ₹180.00 per share . The lot size for an application is 800. The minimum amount of investment required by an retail is ₹1,44,000 (800 shares) (based on upper price). The minimum lot size investment for HNI is 2 lots (1,600 shares), amounting to ₹2,88,000.
Smart Horizon Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Rikhav Securities Ltd..
Refer to Maxvolt Energy Industries IPO RHP for detailed Information.
| IPO Date | February 12, 2025 to February 14, 2025 |
| Listing Date | February 19, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹171 to ₹180 per share |
| Issue Price Final | ₹180 per share |
| Lot Size | 800 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 30,00,000 shares (aggregating up to ₹54.00 Cr) |
| Reserved for Market Maker | 1,52,000 shares Rikhav Securities Ltd. (aggregating up to ₹2.74 Cr) |
| Fresh Issue (Ex Market Maker) | 22,48,000 shares (aggregating up to ₹40.46 Cr) |
| Offer for Sale | 6,00,000 shares of ₹10 (aggregating up to ₹10.80 Cr) |
| Net Offered to Public | 28,48,000 shares (aggregating up to ₹51.26 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 85,03,928 shares |
| Share Holding Post Issue | 1,09,03,928 shares |
Maxvolt Energy Industries IPO offers total 30,00,000 shares. Out of which 14,20,000 (47.33%) allocated to QIB, 5,68,800 (18.96%) allocated to QIB (Ex- Anchor), 4,28,000 (14.27%) allocated to NII, 10,00,000 (33.33%) allocated to RII and 8,51,200 (28.37%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,52,000 (5.07%) |
| QIB Shares Offered | 14,20,000 (47.33%) |
| − Anchor Investor Shares Offered | 8,51,200 (28.37%) |
| − QIB (Ex. Anchor) Shares Offered | 5,68,800 (18.96%) |
| NII (HNI) Shares Offered | 4,28,000 (14.27%) |
| Retail Shares Offered | 10,00,000 (33.33%) |
| Total Shares Offered | 30,00,000 (100.00%) |
Maxvolt Energy Industries IPO raises ₹15.32 crore from anchor investors. Maxvolt Energy Industries IPO Anchor bid date is February 11, 2025. Maxvolt Energy Industries IPO Anchor Investors list
| Bid Date | February 11, 2025 |
| Shares Offered | 8,51,200 |
| Anchor Portion Size (In Cr.) | 15.32 |
| Anchor lock-in period end date for 50% shares (30 Days) | March 19, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | May 18, 2025 |
Maxvolt Energy Industries IPO opens on February 12, 2025, and closes on February 14, 2025.
| IPO Open Date | Wed, Feb 12, 2025 |
| IPO Close Date | Fri, Feb 14, 2025 |
| Tentative Allotment | Mon, Feb 17, 2025 |
| Initiation of Refunds | Tue, Feb 18, 2025 |
| Credit of Shares to Demat | Tue, Feb 18, 2025 |
| Tentative Listing Date | Wed, Feb 19, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Feb 14, 2025 |
Investors can bid for a minimum of 800 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2019, Maxvolt Energy Industries Limited is engaged in the business of manufacturing of lithium-ion batteries.
The company manufactures lithium-ion batteries for electric vehicles, energy storage, and electronics, sold through dealers, distributors, and OEMs under the "MaxVolt Energy" brand.
The company manufactures customized battery packs, supplies Graphene battery packs, and chargers under its own brand name.
As of September 30, 2024, the company has service centers in five states, providing support to dealers and distributors for battery issues.
The company’s manufacturing facility has advanced machinery, safety measures, and testing labs. It ensures quality control from raw material procurement to final product testing, packaging, and dispatch.
Business Model:
Products:
As on September 30, 2024, the company has employed 97 personnel.
Competitive Strengths:
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 53.77 | 31.51 | 10.25 | 3.61 |
| Total Income | 41.09 | 48.79 | 13.92 | 6.18 |
| Profit After Tax | 4.77 | 5.21 | 0.28 | 0.01 |
| Net Worth | 23.94 | 11.55 | 0.64 | 0.37 |
| Reserves and Surplus | 15.44 | 3.79 | 0.32 | 0.05 |
| Total Borrowing | 4.97 | 5.89 | 2.92 | 2.33 |
| Amount in ₹ Crore | ||||
The market capitalization of Maxvolt Energy Industries IPO is ₹196.27 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 85.41% |
| ROCE | 39.46% |
| Debt/Equity | 0.51 |
| RoNW | 45.09% |
| PAT Margin | 10.77% |
| Price to Book Value | 11.48 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 6.12 | 8.75 |
| P/E (x) | 29.39 | 20.57 |
The Company proposes to utilize the Net Proceeds from the Offer towards funding the following objects:
The Company will not receive any proceeds received from the Offer for Sale by the Selling Shareholder.
[Dilip Davda] MEIL is primarily engaged in the business of manufacturing lithium-ion batteries of various range. It marked growth in its top and bottom lines. The company is operating in a highly competitive and fragmented segment. The sudden boost in top and bottom lines from FY24 onwards i.e. in pre-IPO years not only surprises, but raises concern over its sustainability. Based on its recent financial performance, the issue appears aggressively priced. There appears to be some window dressing in its recent financial performance to fetch fancy valuations. There is no harm in skipping this pricey as well as “High Risk/Low Return” bet. Read detail review...
| Listing Date | February 19, 2025 |
| BSE Script Code | |
| NSE Symbol | MAXVOLT |
| ISIN | INE10A501018 |
| Final Issue Price | ₹180 per share |
| NSE Listing Group | ST (Trade to Trade) |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹180.00 |
| Open | ₹180.00 |
| Low | ₹171.00 |
| High | ₹182.05 |
| Last Trade | ₹180.90 |
Maxvolt Energy Industries Ltd.
F-108, Plot No. 1 F/F United Plaza,
Community Centre, Karkardooma,
East Delhi
East Delhi, New Delhi, 110092
Phone: 91 98188 89835
Email: bhuvneshwar@maxvoltenergy.com
Website: http://www.maxvoltenergy.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Maxvolt Energy Industries IPO is a SME IPO of 30,00,000 equity shares of the face value of ₹10 aggregating up to ₹54.00 Crores. The issue is priced at ₹180 per share. The minimum order quantity is 800.
The IPO opens on February 12, 2025, and closes on February 14, 2025.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Maxvolt Energy Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Maxvolt Energy Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Maxvolt Energy Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Maxvolt Energy Industries IPO opens on February 12, 2025 and closes on February 14, 2025.
Maxvolt Energy Industries IPO lot size is 800, and the minimum amount required for application is ₹1,44,000.
You can apply in Maxvolt Energy Industries IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Maxvolt Energy Industries IPO will be done on Monday, February 17, 2025, and the allotted shares will be credited to your demat account by Tuesday, February 18, 2025. Check the Maxvolt Energy Industries IPO allotment status.
The Maxvolt Energy Industries IPO listing date is on Wednesday, February 19, 2025.
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