Bookbuilding IPO | ₹54 Cr | Listed at NSE SME | Wed, Feb 12, 2025 - Fri, Feb 14, 2025
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 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 for investment in 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 Open
Wed, Feb 12, 2025
IPO Close
Fri, Feb 14, 2025
Issue Price
₹180 per share
Market Cap (Pre-IPO)
₹196.27 Cr
| IPO Date | 12 to 14 Feb, 2025 |
| Listed on | Wed, Feb 19, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹171 to ₹180 |
| Issue Price | ₹180 per share |
| Lot Size | 800 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 30,00,000 shares (agg. up to ₹54 Cr) |
| Reserved for Market Maker | 1,52,000 shares Rikhav Securities Ltd. (agg. up to ₹3 Cr) |
| Fresh Issue (Ex Market Maker) | 22,48,000 shares (agg. up to ₹40 Cr) |
| Offer for Sale | 6,00,000 shares of ₹10 (agg. up to ₹11 Cr) |
| Net Offered to Public | 28,48,000 shares (agg. up to ₹51 Cr) |
| Share Holding Pre Issue | 85,03,928 shares |
| Share Holding Post Issue | 1,09,03,928 shares |
| NSE Symbol | MAXVOLT |
| ISIN | INE10A501018 |
Maxvolt Energy Industries IPO comprises a total issue size of 30,00,000 shares. The net offer to the public is 28,48,000 shares, after excluding 1,52,000 shares allotted on a firm basis. Of the Net offer 14,20,000 (49.86%) are allocated to QIB, 4,28,000 (15.03%) allocated to NII 10,00,000 (35.11%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 14,20,000 | 49.86% | 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 | 15.03% | 14.27% |
| Retail Shares Offered | 10,00,000 | 35.11% | 33.33% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,52,000 | 5.07% | |
| Total Shares Offered | 30,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 800 shares and in multiples thereof.
| 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 Industries IPO raises ₹15.32 crore from anchor investors. Maxvolt Energy Industries IPO Anchor bid date is February 11, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Feb 11, 2025 |
| Shares Offered | 8,51,200 |
| Anchor Portion (₹ Cr.) | 15.32 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Mar 19, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, May 18, 2025 |
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 Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment or prepayment, in full or in part, of borrowings availed by our Company from banks, financial institutions and non-banking financial companies | 0.00 |
| 2 | Funding of capital expenditure requirements of our Company towards purchase of Plant and Machineries | 0.00 |
| 3 | General corporate purposes | 0.00 |
| KPI | Mar 31, 2024 |
|---|---|
| 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 (₹) | 6.12 | 8.75 |
| P/E (x) | 29.39 | 20.57 |
| Promoter Holding | 57.25% | 39.14% |
| Market Cap | ₹196.27 Cr. |
The Maxvolt Energy IPO is subscribed 3.23 times on February 14, 2025 6:55:01 PM (Day 3). The public issue subscribed 1.97 times in the retail category, 6.76 times in the QIB category, and 1.45 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB | 6.76 | 5,68,800 | 38,47,200 | 6 |
| NII* | 1.45 | 4,28,000 | 6,20,800 | 177 |
| Retail | 1.97 | 10,00,000 | 19,72,800 | 2,466 |
| Total | 3.23 | 19,96,800 | 64,40,800 | 2,649 |
Total Application : 2,649
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager(s) fees including underwriting commission | 3.10 |
| 2 | Brokerage, selling commission and upload fees | 0.01 |
| 3 | Registrar to the Offer | 0.02 |
| 4 | Legal Advisors | 0.03 |
| 5 | Advertising and marketing expenses | 0.03 |
| 6 | Regulators including stock exchanges | 0.04 |
| 7 | Printing and distribution of offer stationary | 0.01 |
| 8 | Others, if any (market making, depositories, marketing fees, secretarial, peer review auditors, etc.) | 0.33 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹180.00 |
| Open | ₹180.00 |
| Low | ₹171.00 |
| High | ₹182.05 |
| Last Trade | ₹180.90 |
Lead Manager Reports
Maxvolt Energy Industries IPO is a SME IPO of 30,00,000 equity shares of the face value of ₹10 aggregating up to ₹54 Crores. The issue is priced at ₹180 per share. The minimum order quantity is 800.
The IPO opens on Wed, Feb 12, 2025, and closes on Fri, Feb 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 Wed, Feb 12, 2025 and closes on Fri, Feb 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 Tue, Feb 18, 2025. Check the Maxvolt Energy Industries IPO allotment status.
The Maxvolt Energy Industries IPO listing date is on Wed, Feb 19, 2025.
