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Maxvolt Energy Industries Ltd IPO

Established in the year 2019, our Company is primarily engaged in the business of manufacturing of lithium-ion batteries of various range supplied through a diversified sales & distribution mix viz. authorised dealers and distributors and OEMs under our brand name of MaxVolt Energy widely used in Electric Vehicles (i.e., E-Scooter, E-Rickshaw, ECycle), Energy Storage and Electronics Gadgets etc. We also manufacture customised batteries packs as per the requirement of manufacturers of different industries. In addition to manufacturing, we are supplier of Graphene Battery packs and Battery Chargers designed and developed by us in our own brand name. We designate some of dealers and distributors as service centres. As on September 30, 2024, we have services centre in the states of Uttar Pradesh, Delhi, Bihar, Madhya Pradesh and Gujarat, dealers and distributors have access to these service network to resolve the defects in the batteries. These service centers help us to provide fast and hassle-free service to our dealers and end customers. Our Company is an ISO 9001:2015 certified. Our Manufacturing unit situated at E-82, Industrial Area, Bulandshar Road, Ghaziabad, Uttar Pradesh spread across in 18,000 square feet.

Maxvolt Energy Industries Ltd IPO Details

Total Shares Offered

₹ 30,00,000

Offer to Public

6,00,000

Retail Max (Shares)

₹ 10,00,000

Pre Issue Promoters Holding

₹ 48,67,396

Exchange

NSE

Issue size

₹ 54 Cr

IPO Open Date

Feb 12, 2025

Close Date

Feb 14, 2025

Lot Size

800

Min Investment

₹ 1,36,800

Issue Type

Book Building - SME

Listing Date

Feb 19, 2025

Maxvolt Energy Industries Ltd IPO Dates

Feb 12, 2025

Opening date

Feb 14, 2025

Closing date

Feb 17, 2025

Basis of Allotment

Feb 18, 2025

Initiation of Refunds

Feb 18, 2025

Credit of Shares

Feb 19, 2025

Listing date

Details

Sector	Type
Sector	Auto Ancillaries
Sub Sector	NA
Issue Type	Book Building - SME

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*	Shares Bid*
QIB	2.71x	1420000	3847200
NII	1.81x	428000	772800
Retail	1.97x	1000000	1972800
Employee	0x	0	0
Total	2.2x	3000000	6592800

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

2.71x

1.81x

1.97x

2.2x

1420000

428000

1000000

3000000

3847200

772800

1972800

6592800

Maxvolt Energy Industries Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	14.50	6.51	0.48
EBITDA	15.07	6.68	0.65
PAT	10.12	5.21	0.28
Total Assets	64.84	29.54	9.64
Share Capital	10.90	7.76	0.32
Total Borrowings	17.06	13.26	6.49
Operating Activities (Net Cash)	10.69	5.38	0.45
Investing Activities (Net Cash)	26.63	0.74	0.00
Financing Activities (Net Cash)	17.06	13.26	6.49
Net Cashflow	1.32	0.03	0.02

About Maxvolt Energy Industries Ltd

Our Company was originally incorporated on May 09, 2019 under the name Maxvolt Energy Industries Private Limited under the provisions of the Companies Act, 2013 with the Registrar of Companies, Central Registration Centre. Subsequently, the status of our Company was changed to public limited Company and the name of our Company was changed to Maxvolt Energy Industries Limited vide Special Resolution passed by the Shareholders at the Extra Ordinary General Meeting of our Company held on June 18, 2024. The fresh certificate of incorporation consequent to conversion was issued on August 27, 2024 by the Centralised Processing Centre. The Corporate Identification Number of our Company is U40106DL2019PLC349854.

The global automotive industry is experiencing a major transformation. Vehicles fully powered by electric batteries comprise an increasing share of new vehicle purchases. Compared to internal combustion engine vehicles, battery electric vehicles run fully on electricity, not gasoline or diesel. Therefore, battery electric vehicles do not directly emit carbon dioxide, and if the batteries' electricity source has low or no carbon dioxide emissions, increased electric vehicle adoption can lower carbon dioxide emissions in the transportation sector, helping countries meet climate-related goals.

Peer Comparison:

Amara Raja Energy & Mobility Ltd
Exide Industries Ltd
High Energy Batteries (India) Ltd
Servotech Renewable Power System Ltd

Maxvolt Energy Industries Ltd Key Points

Strengths

Quality Assurance.

Dealership network and presence in across various states.

Leveraging the experience of our Promoters and Directors.

Wide range of our products.

Manufacturing at scale, in-house manufacturing facility with equipped machines and processes.

Risk

The company has certain outstanding litigation against it, an adverse outcome of which may adversely affect the company business, reputation and results of operations.

Its limited operating history makes evaluating the company business and future prospects difficult.

The company depends on the success of its relationships with its customers. The company few of customers contribute majority of its revenues from operations. If one or more of such customers choose not to source their requirements from it, the company business, financial condition and results of operations may be adversely affected.

Strategy

Expand capacities at our existing manufacturing facilities to increase manufacturing scale for our existing products.

Continuing innovation and strengthening the R & D capacity.

Strategic expansion by venturing into re-usability of used batteries.

Scalable business model and favourable national policy support.

Strengthen relationships with our existing customers and expand customer base.

How To Apply for Maxvolt Energy Industries Ltd IPO Online?

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Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Maxvolt Energy Industries Ltd IPO?

Maxvolt Energy Industries Ltd's IPO offers shares for up to 43.2 It begins on Feb 12, 2025 and ends on Feb 14, 2025.

What is the price of the Maxvolt Energy Industries Ltd IPO?

The price of Maxvolt Energy Industries Ltd IPO ranges between ₹171 to ₹180 per share.

What are the open and close dates for the Maxvolt Energy Industries Ltd IPO?

The Maxvolt Energy Industries Ltd IPO opens on Feb 12, 2025 and closes on Feb 14, 2025.

When will the Maxvolt Energy Industries Ltd IPO be allotted?

The allotment for the Maxvolt Energy Industries Ltd IPO will be finalised on Feb 17, 2025. The shares will be listed on BSE and NSE on Feb 19, 2025.

What is the minimum lot size required for Maxvolt Energy Industries Ltd IPO?

The minimum lot size for Maxvolt Energy Industries Ltd IPO is 800 shares, priced between ₹171 to ₹180 per share.

What is the GMP of Maxvolt Energy Industries Ltd IPO?

The GMP (Grey Market Premium) of Maxvolt Energy Industries Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Maxvolt Energy Industries Ltd IPO?

To check the allotment status of Maxvolt Energy Industries Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Maxvolt Energy Industries Ltd IPO getting listed?

The Maxvolt Energy Industries Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Feb 12, 2025, and closes on Feb 14, 2025. The allotment is finalised on Feb 17, 2025.

How do you apply for the Maxvolt Energy Industries Ltd IPO?

To apply for the Maxvolt Energy Industries Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.