Maxvolt Energy IPO
- IPO Date12 Feb, 2025 to 14 Feb, 2025
- Listing Date19 Feb, 2025
- Face Value₹10 per share
- Issue Price₹171 to ₹180 per share
- Lot Size800 Shares
- Minimum Investment₹1,44,000
- Listing AtNSE SME
- Total Issue Size30,00,000 Shares
(aggregating up to ₹54.00 Cr) - Fresh Issue24,00,000 Shares
(aggregating up to ₹43.20 Cr)
- Offer for Sale6,00,000 Shares
(aggregating up to ₹10.80 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue85,03,928
- Shareholding post issue1,09,03,928
IPO Dates
Closing Date
14 Feb, 2025
Initiation of Refunds
18 Feb, 2025
Listing Date
19 Feb, 2025
12 Feb, 2025
Opening Date
17 Feb, 2025
Basis of Allotment
18 Feb, 2025
Credit of Shares
Maxvolt Energy Lot Size
Investors can bid for a minimum of 800 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹1,44,000 |
| B-HNI (Min) | - | - | - |
| S-HNI (Min) | 2 | 1600 | ₹2,88,000 |
| S-HNI (Max) | - | - | - |
| Retail (Max) | 1 | 800 | ₹1,44,000 |
Maxvolt Energy Promoter Holding
Mr. Bhuvneshwar Pal Singh, Mr. Vishal Gupta, and Mr. Sachin Gupta are the promoters of the company.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 57.25% | 39.14% |
Maxvolt Energy COMPANY INFORMATION
Maxvolt Energy IPO is a book built issue of Rs 54.00 crores. The issue is a combination of fresh issue of 24.00 lakh shares aggregating to Rs 43.20 crores and offer for sale of 6.00 lakh shares aggregating to Rs 10.80 crores. Maxvolt Energy IPO opens for subscription on February 12, 2025 and closes on February 14, 2025. The allotment for the Maxvolt Energy IPO is expected to be finalized on Monday, February 17, 2025. Maxvolt Energy IPO will be list on NSE SME with a tentative listing date fixed as Wednesday, February 19, 2025. Maxvolt Energy IPO price band is set at ₹171 to ₹180 per share. The minimum lot size for an application is 800. The minimum amount of investment required by retail investors is ₹1,44,000. The minimum lot size investment for HNI is 2 lots (1,600 shares) amounting to ₹2,88,000. Smart Horizon Capital Advisors Private Limited is the book running lead manager of the Maxvolt Energy IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.The market maker for Maxvolt Energy IPO is Rikhav Securities Limited.
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:
- Manufacturing:
The company manufactures a wide range of lithium-ion battery packs and offers customization for capacity, watt-hours, dimensions, and weight. - Outsourcing:
The company supplies components like lead batteries and chargers, designed and specified by the company, manufactured by third parties.
Products:
- E-Scooter / Bike Battery
- E- Rickshaw Battery
- E- Cycle Battery
- Battery for Energy Storage
- Battery for Electronic Gadgets
- Lead E-Scooter Battery
- Lithium Battery Charger, Lead Battery Charger
As on September 30, 2024, the company has employed 97 personnel.
Competitive Strengths:
- Quality Assurance
- Dealership network and presence in across various states
- Leveraging the experience of the Promoters and Directors
- Wide range of the products
- Manufacturing at scale, in-house manufacturing facility with equipped machines and processes
- Optimal Utilization Resources
- Customized Product Development
Maxvolt Energy Industries IPO
IPO Overview and Key Highlights
Maxvolt Energy Industries Limited, a Delhi-based company engaged in the renewable energy and power solutions sector, is launching its Initial Public Offering (IPO). The IPO consists of a fresh issue of 24,00,000 equity shares with a face value of ₹10 per share and an Offer for Sale (OFS) of 6,00,000 equity shares. The total issue size is 30,00,000 equity shares. The funds raised will be utilized for business expansion, working capital, and general corporate purposes. The shares will be listed on the EMERGE Platform of NSE.
Key IPO Details
- Type of Issue • 100% Book Built Issue
- Total Issue Size • 30,00,000 equity shares
- Face Value • ₹10 per share
- Price Band • To be determined
- Offer Opens • February 12, 2025
- Offer Closes • February 14, 2025
- Listing Exchange • NSE EMERGE
- Offer Structure • QIBs, NIIs, and RIIs allocation as per SEBI regulations
Company Overview
Maxvolt Energy Industries Limited was originally incorporated as Maxvolt Energy Industries Private Limited in 2019 and later converted into a public limited company in 2024. The company operates in the renewable energy sector, specializing in solar energy solutions and infrastructure development.
- Promoters • Mr. Bhuvneshwar Pal Singh, Mr. Vishal Gupta, and Mr. Sachin Gupta
- Headquarters • New Delhi, India
- Corporate Identification Number (CIN) • U40106DL2019PLC349854
Financial Overview
Maxvolt Energy Industries Limited has demonstrated consistent revenue growth, leveraging the rising demand for renewable energy solutions. The IPO proceeds will be used to expand solar power projects, enhance production capacity, and strengthen financial stability.
Key Strengths of Maxvolt Energy Industries
- Established Industry Presence • Strong foothold in the renewable energy sector.
- Strategic Growth Plans • Expansion into domestic and international energy markets.
- Technological Innovation • Focus on advanced solar power and battery solutions.
- Experienced Leadership • Led by professionals with expertise in energy solutions.
IPO Pros and Cons
Pros
- Growing Renewable Energy Market • Rising demand for sustainable energy solutions.
- Government Incentives • Supportive policies and subsidies for solar energy projects.
- Proceeds Utilization • Funds directed towards business expansion and R&D.
Cons
- Market Dependency • Revenue influenced by government policies and regulations.
- Competitive Industry • Faces competition from other renewable energy firms.
- Raw Material Costs • Fluctuating material prices may impact profitability.
Risk Factors
Potential investors should consider the following risks before investing:
- Industry Volatility • Renewable energy markets are subject to policy shifts.
- Operational Challenges • Expanding infrastructure while maintaining efficiency.
- Financial Risks • Dependence on government incentives and subsidies.
Conclusion
The Maxvolt Energy Industries Limited IPO presents an opportunity to invest in a fast-growing renewable energy company. With strong market demand for sustainable solutions, the company is well-positioned for expansion. However, investors should evaluate factors like market dependency, regulatory risks, and competition before making a decision.
FAQs About Maxvolt Energy Ipo
Maxvolt Energy IPO will open on 12 Feb, 2025 and close on 14 Feb, 2025. Investors must apply within this period to participate.
The Maxvolt Energy IPO price band is set between ₹171.00 and ₹180.00 per share. The minimum lot size is 800, requiring an investment of at least ₹144000.00.
The Maxvolt Energy IPO shares are expected to be listed on 19 Feb, 2025, subject to regulatory approvals and final allotment.
You can track your Maxvolt Energy IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Maxvolt Energy IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.