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Maxvolt Energy IPO
Price Band
₹171.0–180.0
Issue Size
₹54.0 Cr
Lot Size
800 shares
Min Investment
₹144,000
GMP
—
Issue Price
₹180.0
Maxvolt Energy IPO AI Summary
- Maxvolt Energy IPO is listed on NSE SME.
- Price band: ₹171.0–₹180.0 per share, lot size 800 shares (min. investment ₹144,000).
- Subscription window: 12 Feb–14 Feb 2025, listing on 19 Feb 2025.
Maxvolt Energy Industries Limited is an SME IPO focused on the manufacturing of lithium-ion batteries. With a range of products and a strong market presence, the company is seeking to raise funds for expansion and repayment of debts. Investors interested in this IPO should consider the associated risks and market conditions.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Maxvolt Energy IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 14 Feb 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Maxvolt Energy IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the Company
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
Company Financials (₹ Cr)
As of 2024-09-30
| 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 |
Key Ratios
EPS
₹6.12
NAV
₹15.68
ROE
85.41%
ROCE
39.46%
RoNW
45.09%
P/B Value
11.48
P/E Ratio
29.39
Market Cap
₹196.27 Cr
PAT Margin
10.77%
Debt/Equity
0.51
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Servotech Power Systems Limited | 5.93 | 8.81% | 273.42 | 0.52 | 0.52 |
| High Energy Batteries (india) Ltd. | 97.84 | 19.56% | 27.48 | 19.14 | 19.14 |
| Exide Industries Ltd. | 154.56 | 8.02% | 31.06 | 12.39 | 12.39 |
| Amara Raja Energy & Mobility Limited | 369.87 | 13.38% | 22.13 | 49.49 | 49.49 |
| Maxvolt Energy Industries Limited This IPO | 14.88 | 45.09% | — | 7.07 | 7.07 |
Promoters
Bhuvneshwar Pal Singh, Vishal Gupta and Sachin Gupta
Objects of the Issue
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 Company from banks, financial institutions and non-banking financial companies 8.90 2 Funding of capital expenditure requirements of Company towards purchase of Plant and Machineries 24.27 3 General Corporate Purposes 7.18 4 Issue expenses 3.56 Total 43.91
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹13.92 Cr in the year ending 31 Mar 2023, rising to ₹48.79 Cr by 31 Mar 2024. However, it decreased to ₹41.09 Cr as of 30 Sep 2024, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit after tax was ₹0.28 Cr for the year ending 31 Mar 2023, increasing to ₹5.21 Cr by 31 Mar 2024. It then slightly decreased to ₹4.77 Cr as of 30 Sep 2024, though this is a 9-month figure, not a full year, so isn't directly comparable.
Valuation
Maxvolt Energy Industries Limited has an implied P/E ratio of 29.39 at the issue price, compared to peers trading at P/E ranges of approximately 22.13 to 273.42.
Grey Market Premium, Explained
The grey market refers to the unofficial trading of shares before they are listed on the stock exchange. The Grey Market Premium (GMP) indicates the expected listing price of an IPO based on demand in this unofficial market. A positive GMP suggests strong demand, while a negative GMP indicates weaker interest.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against the company's growth potential, market conditions, and their own financial goals.
Who May Want to Wait
Risk-averse investors or those seeking stable returns may want to avoid this IPO, as investing in new companies can be unpredictable.
IPO Timeline, Explained
The IPO opens for subscription on February 12, 2025, and closes on February 14, 2025. Allotment of shares will be finalized by February 17, 2025, and the shares are expected to be listed on the stock exchange on February 19, 2025.
Listing Gains — The Risk
Listing-day gains can be unpredictable and depend on various factors, including market sentiment and demand for the stock. Investors should be aware that while some IPOs may experience significant gains on their first day of trading, others may not perform as well.
This evaluation is generated from Maxvolt Energy's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is the price band of Maxvolt Energy IPO?
The price band of Maxvolt Energy IPO is ₹171.0–₹180.0 per share.
When does Maxvolt Energy IPO open and close?
Maxvolt Energy IPO opens on 12 February 2025 and closes on 14 February 2025.
When does Maxvolt Energy IPO list on the stock exchange?
Maxvolt Energy IPO listed on 19 February 2025 at ₹180.0.
What is the lot size for Maxvolt Energy IPO?
The lot size for Maxvolt Energy IPO is 800 shares, requiring a minimum investment of ₹144,000.
What is the price band for the Maxvolt Energy IPO?
The price band for the Maxvolt Energy IPO is ₹171 to ₹180.
What is the lot size for the Maxvolt Energy IPO?
The lot size for the Maxvolt Energy IPO is 800 shares.
What is the minimum investment required for the Maxvolt Energy IPO?
The minimum investment required for the Maxvolt Energy IPO is ₹144,000.
When does the Maxvolt Energy IPO open and close?
The Maxvolt Energy IPO opens on February 12, 2025, and closes on February 14, 2025.
What does GMP mean in the context of IPOs?
GMP stands for Grey Market Premium, which indicates the expected listing price of an IPO based on demand in the unofficial market.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
12 Feb 2025
Close
14 Feb 2025
Allotment
17 Feb 2025
Listing
19 Feb 2025
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