Maxvolt Energy Industries Limited IPO

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

Maxvolt Energy Industries Limited Financial Information (Restated)

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets53.7731.5110.253.61
Revenue41.0948.7913.926.18
Profit After Tax4.775.210.280.01
Net Worth23.9411.550.640.37
Reserves and Surplus15.443.790.320.05
Total Borrowing4.975.892.922.33
Amount in ₹ Crore

Key Performance Indicator

The market capitalization of Maxvolt Energy IPO is Rs 196.27 Cr.

KPI as of Sun, Mar 31, 2024.

KPIValues
ROE85.41%
ROCE39.46%
Debt/Equity0.51
RoNW45.09%
PAT Margin10.77
Price to Book Value11.48
 Pre IPOPost IPO
EPS (Rs)6.128.75
P/E (x)29.3920.57
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2024 that is available in RHP.

Objects of the Issue (Maxvolt Energy IPO Objectives)

The Company proposes to utilize the Net Proceeds from the Offer towards funding the following objects:

  1. Repayment or prepayment, in full or in part, of borrowings availed by the Company from banks, financial institutions and non-banking financial companies.
  2. Funding of capital expenditure requirements of the Company towards purchase of Plant and Machineries.
  3. General corporate purposes.

The Company will not receive any proceeds received from the Offer for Sale by the Selling Shareholder.

Maxvolt Energy IPO Details

IPO DateFebruary 12, 2025 to February 14, 2025
Listing Date[.]
Face Value₹10 per share
Issue Price Band₹171 to ₹180 per share
Lot Size800 Shares
Total Issue Size30,00,000 shares
(aggregating up to ₹54.00 Cr)
Fresh Issue24,00,000 shares
(aggregating up to ₹43.20 Cr)
Offer for Sale6,00,000 shares of ₹10
(aggregating up to ₹10.80 Cr)
Issue TypeBook Built Issue IPO
Listing AtNSE SME
Share Holding Pre Issue85,03,928 shares
Share Holding Post Issue1,09,03,928 shares
Market Maker Portion1,52,000 shares

Maxvolt Energy IPO Promoter Holding

Mr. Bhuvneshwar Pal Singh, Mr. Vishal Gupta, and Mr. Sachin Gupta are the promoters of the company.

Share Holding Pre Issue57.25%
Share Holding Post Issue39.14%

SHARIAH SCREENING for - Maxvolt Energy Industries Limited IPO

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BUSINESS SCREEN

FINANCIAL RATIOS

As per our analysis and Based on the information we have, this is the output.
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