Maxvolt Energy Industries Ltd, a prominent manufacturer of lithium-ion batteries in India, has announced its Initial Public Offering (IPO) to raise capital for debt repayment, capital expenditures, and general corporate purposes. The IPO is scheduled to open on February 12, 2025, and close on February 14, 2025.

Company Overview

Established in 2019, Maxvolt Energy Industries Ltd specializes in manufacturing lithium-ion batteries under the brand name “MaxVolt Energy.” Their products are widely used in:

• Electric Vehicles (e.g., E-Scooters, E-Rickshaws, E-Cycles)
• Energy Storage Systems
• Electronic Gadgets

The company also produces customized battery packs tailored to the specific requirements of various industries. In addition to manufacturing, Maxvolt supplies Graphene Battery packs and Battery Chargers designed and developed in-house. As of September 30, 2024, the company operates service centers in Uttar Pradesh, Delhi, Bihar, Madhya Pradesh, and Gujarat, providing support to dealers and end customers.

IPO Timeline

• Issue Open Date: February 12, 2025
• Issue Close Date: February 14, 2025
• Allotment Finalization: February 17, 2025
• Refund Initiation: February 18, 2025
• Shares Credited to Demat Accounts: February 18, 2025
• Listing Date: February 19, 2025

Price Band and Lot Size

• Price Band: ₹171 to ₹180 per equity share
• Face Value: ₹10 per share
• Lot Size: 800 shares
• Minimum Investment: ₹136,800

Investors can bid for a minimum of 800 equity shares and in multiples thereof.

Financials

Maxvolt Energy Industries Ltd has demonstrated significant growth in recent years. Key financial metrics include:

This growth reflects a compound annual growth rate (CAGR) of approximately 179.4% in revenue and a substantial increase in net profit over the three-year period.

Strengths

• Diverse Product Portfolio: Offers a wide range of lithium-ion batteries and customized battery packs catering to various industries.
• In-House Design and Development: Develops Graphene Battery packs and Battery Chargers under its own brand, ensuring quality and innovation.
• Established Service Network: Operates service centers across multiple states, providing efficient after-sales support.
• Robust Financial Growth: Demonstrated significant revenue and profit growth in recent years.

Risks

• Limited Operating History: Being established in 2019, the company has a relatively short track record.
• High Dependency on Key Customers: A significant portion of revenue may be concentrated among a few customers.
• Competitive Market: Operates in a highly competitive industry with rapid technological advancements.

IPO Anchor Investors Details

As of now, specific details regarding anchor investors for Maxvolt Energy Industries Ltd’s IPO have not been disclosed.

IPO Promoter Holding

Prior to the IPO, the promoters hold a 57.25% stake in the company. Post-issue, the promoter’s shareholding is expected to decrease to approximately 39.14%.

IPO Grey Market Premium (GMP)

As of February 12, 2025, the Grey Market Premium for Maxvolt Energy Industries Ltd’s IPO is reported to be ₹0, indicating no premium over the upper price band of ₹180 per share. It’s important to note that GMP is subject to change and may not accurately reflect the stock’s actual listing performance.

Final Thoughts

Maxvolt Energy Industries Ltd’s IPO presents an opportunity to invest in a rapidly growing company within the energy storage and electric vehicle sectors. The company’s diverse product offerings, in-house development capabilities, and expanding service network position it well for future growth. However, potential investors should consider the risks associated with the company’s limited operating history and the competitive nature of the industry. Conducting thorough due diligence is recommended before making investment decisions.