February 19, 2025
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What was the last grey market premium of Maxvolt Energy IPO?
Rs. 0
On 19th February 2025, the scrip is listed at Rs. 180, at par with the issue price.
Subscription status of Maxvolt Energy IPO
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Maxvolt Energy Industries Limited IPO Price Rs. 180 Lot 800 shares, Rs. 54.00 Crore |
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| QIB | NII x | RII x | Total x | Applications |
| 6.76 | 1.45 | 1.97 | 3.23 | 2,649 |
| Note: | ||||
What is the business of Maxvolt Energy?
Maxvolt Energy Industries Limited, established in 2019, specializes in the manufacturing of lithium-ion batteries.
The company produces lithium-ion batteries for various applications, including electric vehicles, energy storage, and electronics. These products are distributed through dealers, distributors, and OEMs under the “MaxVolt Energy” brand.
Maxvolt also manufactures customized battery packs, graphene battery packs, and chargers, all sold under its own brand name.
As of September 30, 2024, Maxvolt operates service centers in five states to provide support for battery-related issues to dealers and distributors.
The company’s state-of-the-art manufacturing facility is equipped with advanced machinery, stringent safety protocols, and dedicated testing laboratories. Quality control is ensured at every stage, from raw material procurement to final product testing, packaging, and dispatch.
Business Model:
- Manufacturing: Maxvolt offers a wide range of lithium-ion battery packs, with customization options available for capacity, watt-hours, dimensions, and weight.
- Outsourcing: The company supplies components such as lead batteries and chargers, which are designed and specified by Maxvolt but manufactured by third-party vendors.
Product Line:
- E-Scooter / E-Bike Batteries
- E-Rickshaw Batteries
- E-Cycle Batteries
- Energy Storage Batteries
- Batteries for Electronic Devices
- Lead E-Scooter Batteries
- Lithium and Lead Battery Chargers
As of September 30, 2024, Maxvolt Energy employs 97 personnel.
Get more information about the company @ http://www.maxvoltenergy.com/
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Maxvolt Energy IPO Details |
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| IPO opens on | 12 February 2025 |
| IPO closes on | 14 February 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 3000000 Shares / Rs 54.00 Crore |
| * Fresh Issue | 2400000 Shares / Rs 43.20 Crore |
| * Offer for Sale – | 600000 shares / Rs. 10.80 crore |
| Market Maker Portion | 152000 Shares |
| Net offer to Public | 2848000 Shares/ Rs 51.26 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 180 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 800 Shares |
| Listing will at | NSE SME |
Shares offered in IPO |
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| Shares | Rs. (in Crore) |
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| QIB (50%) | 1424000 | 25.63 |
| HNI (15%) | 427200 | 7.69 |
| RII (35%) | 996800 | 17.94 |
| Total Shares | 2848000 | 51.26 |
| Retail portion will be oversubscribed by |
1246 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 800 Shares | Rs.144000 |
| Min HNI Application | 1600 Shares | Rs. 288000 |
Who are the Promoters of Maxvolt Energy?
Mr. Bhuvneshwar Pal Singh, Mr. Vishal Gupta, and Mr. Sachin Gupta are the promoters of the company.
What are the Objects of Maxvolt Energy IPO?
The Company proposes to utilize the Net Proceeds from the Offer towards funding the following objects:
- Repayment or prepayment, in full or in part, of borrowings availed by the Company from banks, financial institutions and non-banking financial companies.
- Funding of capital expenditure requirements of the Company towards purchase of Plant and Machineries.
- General corporate purposes.
Tentative timetable |
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| IPO opens on | 12 February 2025 |
| IPO Closes on | 14 February 2025 |
| IPO Allotment on | 17 February 2025 |
| Refund Initiation | 18 February 2025 |
| Credit of Shares | 18 February 2025 |
| Listing on | 19 February 2025 |
| Registered Office of the Company Maxvolt Energy Industries Limited F-108, Plot No. 1 F/F United Plaza, Community Centre, Karkardooma, East Delhi, New Delhi-110092 |
| Who is the Lead Manager of this IPO? Smart Horizon Capital Advisors Pvt ltd |
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Who is the Registrar to IPO? |
Maxvolt Energy IPO GMP grey market premium, review, Subscription, allotment, listing estimate
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Maxvolt Energy IPO Financial & Analytical Ratios |
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| Year | Total Income |
Net Profit |
EPS | RoNW |
| Rs.in Crore | Rs.in Crore | Rs. | % | |
| 2021-22 | 6.18 | 0.01 | ||
| 2022-23 | 13.92 | 0.28 | ||
| 2023-24 | 48.79 | 5.21 | 6.12 | 45.09 |
| Book Value of the Share on 31.03.2024 |
– | |||
| BV of the Share at cap price after IPO |
Rs. | |||
| Offer Price/upper band | Rs. | 180 | ||
Key Performance
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| Price/EPS of 23-24 | 20.39 |
| Price/BV Ratio | 11.48 |
| Debt/Equity Ratio | 0.51 |
How Maxvolt Energy IPO compares with the Peers?
| As per RHP | FV | RoNW | PE |
| Ratio | |||
| Maxvolt | 45.09 | 29.39 | |
| Amara Raja | 13.38 | 22.13 | |
| Exide Industries | 31.06 | 8.02 | |
| High Energy | 19.56 | 27.48 | |
| Servotech Power | 8.81 | 273.42 |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Maxvolt Energy IPO Review by Paresh Gordhandas, CA & Research Analyst.
F
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+ from grey market angle:
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