Maxvolt Energy Industries Limited is coming up with an IPO consisting of a fresh issue of 24,00,000 shares worth INR 43.20 crores and an offer to sell 6,00,000 existing shares worth INR 10.80 crores. The company aims to repay borrowings, fund capital expenditure for machinery, and support general corporate purposes.                          

Maxvolt Energy IPO – Important Dates 

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Maxvolt Energy Industries IPO – Company Profile 

Maxvolt Energy Limited, established in 2019, manufactures lithium-ion batteries for EVs, energy storage, and electronics, supplying through dealers, distributors, and OEMs. It also offers Graphene Battery packs, chargers, and service centres across multiple states. 

With a current manufacturing capacity of 97.2 MWh, Maxvolt Energy Limited plans to expand by adding new battery lines, machinery, and recycling capabilities at its Ghaziabad facility, enhancing production capacity and diversifying product offerings. 

With a focus on quality and innovation, Maxvolt Energy Limited leverages advanced infrastructure, in-house testing, and stringent safety norms to manufacture high-performance, sustainable lithium batteries, continuously modernising and expanding to meet industry standards and customer needs. 

Maxvolt Energy SME IPO Fundamental Analysis 

Maxvolt Energy Industries Limited’s financial analysis reveals a mixed performance. Revenue has shown strong growth, profitability improved, equity and liabilities increased, debt reliance reduced, EPS rose, and liquidity strengthened, but RoNW declined, and inventory turnover slightly slowed. 

• Revenue Trend: The revenue increased from ₹1,367.95 lakhs in March 2023 to ₹4,837.15 lakhs in March 2024. The revenue for the current year’s 6-month period ending September 2024 is INR 4,027.71 lakh. 
• Equity and Liabilities: Both equities and liabilities have shown a consistent increase over the periods, reflecting potential growth and expansion. However, the debt-equity ratio has decreased, indicating reduced reliance on debt financing. 
• Profitability: The profit after tax (PAT) increased from ₹27.88 lakh in March 2023 to ₹520.83 lakh in March 2024, boosting investor confidence. The profit for the period ending September 2024 is ₹477.02 lakh. 
• Earnings per Share (EPS): The diluted EPS increased from ₹1.33 in March 2023 to ₹7.07 in March 2024, reflecting higher earnings per share for investors. The diluted EPS for the period ended September 2024 is ₹5.76. 
• Return on Net Worth (RoNW): The RoNW has decreased from 43.25% to 19.92%, indicating a decrease in the company’s ability to generate returns on shareholder equity. 
• Financial Position: Total assets have increased, suggesting potential business growth. However, the current ratio has increased, indicating strengthening liquidity and potential challenges in meeting short-term obligations. 

• Inventory Turnover Ratio: The Inventory Turnover Ratio decreased from 101.32 days (March 31, 2023) to 83.77 days (March 31, 2024), indicating improved efficiency, but increased to 92.10 days (September 30, 2024), suggesting a slight slowdown. 

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Maxvolt Energy IPO Financial Analysis 

Maxvolt Energy Industries IPO Peer Comparison  

Maxvolt Energy is expanding with strong earnings, while Amara Raja dominates the market. Exide excels in profitability, High Energy Batteries maintains balanced returns, and Servotech has high valuations but lower profitability, showcasing diverse strengths across the industry. 

Maxvolt Energy SME IPO Objective 

The main objective of Maxvolt Energy Industries Limited is to utilise funds for debt repayment and capital expenditure, including acquiring plant and machinery, strengthening its financial position, enhancing production capacity, and supporting future business growth. 

1. Repayment or prepayment, in whole or in part, of borrowings availed by the company from banks, financial institutions and non-banking financial companies: The company intends to utilise INR 8.90 crores from the Net Proceeds for partial or complete repayment of borrowings, reducing debt servicing costs, improving the debt-to-equity ratio, and enhancing future growth and expansion opportunities. 

2. Funding of capital expenditure requirements of the company towards the purchase of plant and machinery: The company plans to utilise INR 24.27 crores from the Net Proceeds to expand its manufacturing capacity, install new plant and machinery, and establish a lithium-ion battery recycling facility to enhance efficiency and sustainability. 

3. General Corporate Purposes: The company will deploy funds for general corporate purposes, including strategic initiatives, partnerships, joint ventures, acquisitions, meeting business exigencies, facility renovation, brand promotion, liability repayment, and other operational needs to support growth and sustainability. 

Maxvolt Energy IPO Risks And Challenges 

Maxvolt Energy Industries Limited’s risk includes taxation litigations of ₹425.47 lakhs, supply dependence on China, and reliance on e-scooter battery sales, facing market fluctuations. It mitigates challenges through tailored, cost-effective solutions to sustain growth and customer retention. 

• The company faces five taxation-related litigations amounting to ₹425.47 lakhs and one criminal complaint against a director or promoter. Legal actions, regulatory inquiries, or liabilities may impact financials and business operations. 

• The company relies heavily on key suppliers, primarily from China, without long-term contracts, exposing it to price volatility and supply disruptions, which could impact production, profitability, and overall business operations. 

• The company primarily generates revenue from e-scooter battery sales, facing risks from customer preferences, competition, and subsidy changes. It aims to retain customers by offering cost-effective, tailored solutions to drive growth and engagement. 

Maxvolt Energy SME IPO – Industry & Market Potential 

Global EV battery demand grew 40% in 2023, reaching 750 GWh, driven by rising EV sales. Growth is expected to continue through 2025-2030, led by the U.S., Europe, and China, with increasing adoption of PHEVs and EREVs. 

India’s manufacturing exports hit a record US$ 447.46 billion in FY23. By 2030, its middle class may drive 17% of global consumption. The sector shows strong growth potential, contributing significantly to employment and global economic expansion. 

With a growing manufacturing sector, India is attracting global investments, projected to reach US$ 1 trillion by 2025. Government policies, GST, and industrial corridors enhance competitiveness, fostering industrial development and economic expansion. 

Maxvolt Energy Industries IPO – Type of Offer 

Maxvolt Energy Industries Limited plans a fresh issue of 24,00,000 shares, seeking INR 43.20 crores to repay borrowings, fund capital expenditure for machinery, and support general corporate purposes. Additionally, the company proposes an offer to sell 6,00,000 existing shares worth INR 10.80 crores. 

1. Fresh Issue: The company will issue 24,00,000 new shares to raise capital, aiming to collect INR 43.20 crores. The company intends to utilise the proceeds from the fresh issue to repay borrowings, fund capital expenditure for machinery, and support general corporate purposes.
2. Offer for sale: Maxvolt Energy Industries Limited is offering to sell 6,00,000 existing shares worth INR 10.80 crores. The following are the details of the existing shareholder, who is also the promoter selling the shares:

Maxvolt Energy IPO Offer Size 

The offer size of Maxvolt Energy Industries Limited is INR 54 crores, consisting of a fresh issue of 24,00,000 shares worth INR 43.20 crores and an offer to sell 6,00,000 existing shares worth INR 10.80 crores. The company aims to repay borrowings, fund capital expenditure for machinery, and support general corporate purposes. 

Maxvolt Energy Industries IPO Allotment Structure 

Maxvolt Energy Industries Limited’s allocation will be as follows: 50% for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (NII), and 35% for Retail Individual Investors (RII) according to SEBI regulations. 1,52,000 shares are reserved for market makers. 

● Qualified Institutional Buyers (QIB): As per SEBI regulations, 50% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.

● Non-Institutional Investors (NII): 15% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs.2 lakhs.

● Retail Individual Investors (RII): The remaining 35% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs.2 lakhs. 

● Market Maker Reservation: A portion of shares, i.e. 1,52,000 shares, are reserved for market makers. 

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How to apply for the Maxvolt Energy Industries IPO?

To apply for the Maxvolt Energy Industries Limited IPO through Alice Blue, follow these steps:

Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.

1. Check for IPO Details: Once your account is active, you can check for the Maxvolt Energy Industries Limited IPO details in the IPO section of the Alice Blue platform.
2. Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
3. Submit the Application: Confirm all your details and submit your application.

 You can apply for the Maxvolt Energy Industries Limited IPO at Alice Blue in just a few clicks!

Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.

Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.

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How do you check Maxvolt Energy Industries IPO Allotment Status?

Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:

1. Log in to your Alice Blue Account: You can do this through the Alice Blue website or the trading app.
2. Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
3. Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
4. Select the Maxvolt Energy Industries Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Maxvolt Energy Industries Limited IPO.
5. Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.

 If you face any issues, we request you to reach out to our customer support team at Alice Blue for detailed assistance. 

 Apart from Alice Blue, there are other ways to check the allotment status of the Maxvolt Energy Industries Limited IPO:

● Registrar’s Website: Visit the website of Bigshare Services Private Limited, the registrar of the Maxvolt Energy Industries Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status. 

● NSE SME: You can also check the allotment status on the official websites of the National Stock Exchange (NSE) Small Medium Exchange (SME). You would need your application number and PAN to check the status. 

Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.

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Maxvolt Energy Industries Ltd IPO Offer Registrar

The registrar for the Maxvolt Energy Industries Limited IPO is Bigshare Services Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.

Contact information for the registrar: 

Bigshare Services Private Limited

Office No. S6-2, 6th Floor, Pinnacle Business Park, 

Next to Ahura Centre, Mahakali Caves Road, Andheri East, 

Mumbai – 400 093, Maharashtra, India

Tel: 022 – 6263 8200

E-mail: [email protected]

Website: www.bigshareonline.com 

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Maxvolt Energy SME IPO – FAQs