Maxvolt Energy IPO Date, Financials, and Risk Factors

Maxvolt Energy Industries Limited, a leading manufacturer of lithium-ion batteries in India, is launching its initial public offering (IPO) on February 12, 2025, with the issue closing on February 14, 2025. Incorporated in 2019, Maxvolt Energy has established itself as a prominent player in the lithium-ion battery market in just a few years. The company manufactures customised battery packs and chargers for electric vehicles, energy storage systems and electronics applications.

It sells its batteries under the flagship ‘MaxVolt Energy’ brand through a nationwide network of dealers and distributors and directly to OEMs. The upcoming IPO will allow Maxvolt Energy to raise growth capital for capacity expansion, strengthening R&D and new product development, debt repayment, and general corporate purposes.

In this blog post, we will do a deep dive into the Maxvolt Energy IPO issue details, financials, peer comparison, strengths, and weaknesses. The analysis will provide perspective to investors considering an investment in the Maxvolt Energy IPO.

Maxvolt Energy IPO Important Dates

The tentative schedule for the Maxvolt Energy IPO is as follows:

• Bidding Opening Date: February 12, 2025
• Bidding Closing Date: February 14, 2025
• Basis of Allotment Date: February 17, 2025
• Initiation of Refunds (in case of less or no allotment): February 18, 2025
• Shares Credited to Your Demat Account: February 18, 2025
• IPO Listing Date: February 19, 2025
• Listing on Exchange: NSE SME

Maxvolt Energy Industries Limited IPO Issue Size

The total IPO issue size is expected to be ₹54 crores. This will comprise a fresh issue of ₹43.20 crores and an offer for sale of ₹10.80 crores by existing shareholders.

Here are the important Maxvolt Energy IPO details:

• Price Band: ₹171 to ₹180 per share
• Face Value: ₹10 per share
• Maxvolt Energy IPO Lot Size: 800 Shares
• Issue Size and Amount: 30,00,000 shares (totalling up to ₹54 Cr)
• Fresh Issue Size and Amount: 24,00,000 shares (totalling up to ₹43.20 Cr)
• OFS Size and Amount: 6,00,000 shares (totalling up to ₹10.80 Cr)

Maxvolt Energy IPO Proceeds Usage

The company intends to utilise the net proceeds from the fresh issue in the following manner:

1. The funds will be used to fully or partially repay borrowings that Maxvolt Energy has availed from banks, financial institutions and NBFCs. This will help reduce the overall debt on the company’s balance sheet.
2. The proceeds will also be used to fund the company’s capital expenditure requirements. Specifically, Maxvolt plans to use the funds to purchase plant and machinery as it expands production capacity.
3. The remaining net proceeds will be used for Maxvolt Energy’s general corporate purposes and normal working capital requirements.

Maxvolt Energy IPO Reservations

The IPO reservations for Maxvolt Energy IPO are as follows:

• For QIB: Not more than 50% of the Net Offer
• For Retail: Not less than 35% of the Net Offer
• For NII (HNI): Not less than 15% of the Net Offer

Maxvolt Energy IPO Lot Size

The lot size for bidding in the Maxvolt Energy IPO is fixed at 800 shares. Investors need to apply for shares in multiples of 800 equity shares thereafter. The minimum and maximum bid lot based on investor categories is as follows:

Maxvolt Energy IPO Details: Promoter Holding

Maxvolt Energy Industries Limited has 3 promoters:

• Mr. Bhuvneshwar Pal Singh
• Mr. Vishal Gupta
• Mr. Sachin Gupta

Maxvolt Energy IPO: Company Overview

Founded in 2019, Maxvolt Energy Industries Limited specialises in manufacturing lithium-ion batteries for electric vehicles, energy storage systems, and electronic devices marketed under the “MaxVolt Energy” brand. The company also produces customised battery packs, graphene battery packs, and chargers. Its products are distributed through a network of dealers, distributors, and OEM partnerships.

Maxvolt operates a state-of-the-art manufacturing facility equipped with advanced machinery, stringent safety protocols, and comprehensive testing labs. The company maintains strict quality control, overseeing every stage from raw material procurement to final product packaging and dispatch. By September 30, 2024, Maxvolt had established service centres in five states, providing support to its dealer and distributor network.

The company’s product range includes batteries for e-scooters, e-rickshaws, e-cycles, energy storage systems, and electronic gadgets, along with lithium and lead battery chargers. With 97 employees, Maxvolt’s strengths lie in its wide product range, quality assurance, strong dealership network, and expertise in customised battery solutions.

Maxvolt Energy Industries Limited IPO: Financial Performance

Maxvolt Energy Industries Limited key financials for different periods are as follows:

(Amount in ₹ Crore)

Risk Factors in Maxvolt Energy Industries Limited IPO

The company faces various risk factors that could impact its business operations and influence investor sentiment.

• The company has certain outstanding litigation filed against it by customers and suppliers. Any adverse ruling by courts in these litigations can negatively impact the company’s financial position and reputation.
• Maxvolt Energy has a limited operating history of 5 years, which makes it difficult for investors to evaluate its business prospects and future financial performance.
• The company is dependent on a few major customers, such as Okinawa, Ampere, and Ather, for a large portion of its revenues. The loss of any of these major customers will significantly affect Maxvolt’s business volumes and profitability.
• Maxvolt depends on a limited number of suppliers like LG Chem and Samsung for lithium-ion cells which are key raw materials. The company does not have long term contracts with these suppliers, which poses supply chain risks.
• Currently, Maxvolt earns majority of its revenue from lithium-ion batteries for electric scooters. Any major downturn in electric scooter demand can expose the company’s business to risk.
• The company generates significant revenues from key regions like Delhi, Haryana, Madhya Pradesh and Uttar Pradesh. Any adverse events affecting EV demand in these regions can impact Maxvolt’s overall revenues.
• In the past, Maxvolt has received customer complaints related to technical issues with batteries. Any such recurring incidents can affect Maxvolt’s brand image and sales.
• There are risks associated with lithium-ion batteries overheating or catching fire if quality issues arise. Any such adverse incident can lead to negative publicity and erosion of Maxvolt’s brand value.
• Maxvolt’s growth is directly linked to the adoption of electric vehicles in India. Slower-than-expected growth in EVs can affect the company’s expansion plans and profitability.
• The company has a past regulatory non-compliance related to preferential allotment norms. Any such violations can attract penal action from authorities and impact the overall business.

Maxvolt Energy IPO Details: Contact Information

For inquiries related to the Maxvolt Energy IPO​ details, you can contact at the following places:

• Registered Office Address: Maxvolt Energy Industries Limited, F-108, Plot No. 1 F/F United Plaza, Community Centre, Karkardooma, East Delhi, New Delhi-110092
• Phone: 91 9810406453
• Email: investorrelations@maxvoltenergy.com
• Website: http://www.maxvoltenergy.com/

Maxvolt Energy IPO Registrar

Bigshare Services Pvt Ltd

• Phone: +91-22-6263 8200
• Email: ipo@bigshareonline.com

For all the insights on Maxvolt Energy IPO​ and detailed expert advice, you can download the SMC ACE App or visit the SMC telegram channels. Take smart decisions and apply for this IPO easily on the SMC ACE App by opening demat account now.

Frequently Asked Questions – FAQs

1. What is the lot size of Maxvolt Energy IPO?

The minimum lot size is 800, and the minimum amount required is ₹1,44,000.

2. Who is the registrar of the company Maxvolt Energy Limited IPO?

Bigshare Services Pvt Ltd is the registrar of Maxvolt Energy Limited IPO.

3. When will Maxvolt Energy will open?

The Maxvolt Energy IPO opens for subscription on February 12, 2025, and closes on February 14, 2025.

4. When will the allotment of Maxvolt Energy IPO be?

It is anticipated that the allocation for the Maxvolt Energy IPO will be finalised on Monday, February 17, 2025.

Reference:
https://www.nseindia.com/companies-listing/corporate-filings-offer-documents

Author: All Content is verified by SMC Global Securities.