Maxvolt Energy Industries Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Maxvolt Energy Industries Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
IPO Snapshot
Key metrics and details at a glance.
Price Band
₹180
Per ShareLot Size
800 Shares
Minimum Investment
₹1,44,000
Issue Size
₹54 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Maxvolt Energy Industries Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
57.25%
Promoter Holding (Post-Issue)
39.14%
Issue Type
Book Building - SME
ISIN
INE10A501018
About the Company
Established in the year 2019, our Company is primarily engaged in the business of manufacturing of lithium-ion batteries of various range supplied through a diversified sales & distribution mix viz. authorised dealers and distributors and OEMs under our brand name of "MaxVolt Energy" widely used in Electric Vehicles (i.e., E-Scooter, E-Rickshaw, ECycle), Energy Storage and Electronics Gadgets etc. We also manufacture customised batteries packs as per the requirement of manufacturers of different industries. In addition to manufacturing, we are supplier of Graphene Battery packs and Battery Chargers designed and developed by us in our own brand name. We designate some of dealers and distributors as service centres. As on September 30, 2024, we have services centre in the states of Uttar Pradesh, Delhi, Bihar, Madhya Pradesh and Gujarat, dealers and distributors have access to these service network to resolve the defects in the batteries. These service centers help us to provide fast and hassle-free service to our dealers and end customers. Our Company is an ISO 9001:2015 certified. Our Manufacturing unit situated at E-82, Industrial Area, Bulandshar Road, Ghaziabad, Uttar Pradesh spread across in 18,000 square feet.
Industry Overview
The global automotive industry is experiencing a major transformation. Vehicles fully powered by electric batteries comprise an increasing share of new vehicle purchases. Compared to internal combustion engine vehicles, battery electric vehicles run fully on electricity, not gasoline or diesel. Therefore, battery electric vehicles do not directly emit carbon dioxide, and if the batteries' electricity source has low or no carbon dioxide emissions, increased electric vehicle adoption can lower carbon dioxide emissions in the transportation sector, helping countries meet climate-related goals.
Company History
Our Company was originally incorporated on May 09, 2019 under the name "Maxvolt Energy Industries Private Limited" under the provisions of the Companies Act, 2013 with the Registrar of Companies, Central Registration Centre. Subsequently, the status of our Company was changed to public limited Company and the name of our Company was changed to "Maxvolt Energy Industries Limited" vide Special Resolution passed by the Shareholders at the Extra Ordinary General Meeting of our Company held on June 18, 2024. The fresh certificate of incorporation consequent to conversion was issued on August 27, 2024 by the Centralised Processing Centre. The Corporate Identification Number of our Company is U40106DL2019PLC349854.
Products & Services
- The Company is primarily engaged in the business of manufacturing of lithium-ion batteries of various range supplied through a diversified sales & distribution mix.
Growth Strategy
- Expand capacities at our existing manufacturing facilities to increase manufacturing scale for our existing products.
- Continuing innovation and strengthening the R & D capacity.
- Strategic expansion by venturing into re-usability of used batteries.
- Scalable business model and favourable national policy support.
- Strengthen relationships with our existing customers and expand customer base.
- Reduction of operational costs and improving operational efficiencies.
- Focus on increase in volume of sale.
- Improve Debt - Equity Ratio.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY23 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of upto 30,00,000 equity shares of face value of Rs. 10/- each (the "equity shares") of maxvolt energy industries limited ("the company" or "MEIL" or "the issuer") at an offer price of Rs. 180 per equity share for cash, aggregating up to Rs. 54.00 crores comprising of fresh offer of up to 24,00,000 equity shares aggregating to Rs. 43.20 crores ("Fresh offer") and an offer for sale of up to 6,00,000 equity shares by Preeti Gupta ("selling shareholder") aggregating to Rs. 10.80 crores ("offer for sale") ("public offer"). The offer includes a reservation of up to 1,52,000 equity shares of face value of Rs. 10/- each, at an offer price of Rs. 180 per equity share for cash, aggregating Rs. 2.74 crores will be reserved for subscription by the market maker to the offer (the "market maker reservation portion"). The public offer less market maker reservation portion i.e. net offer of up to 28,48,000 equity shares of face value of Rs. 10/- each, at an offer price of Rs. 180 per equity share for cash, aggregating upto Rs. 51.26 crores is herein after referred to as the "Net Offer". The public offer and net offer will constitute 27.51% and 26.12% respectively of the post-offer paid-up equity share capital of the company. Price Band: Rs. 180 per equity share of face value of Rs. 10 each. The Floor price is 18 times the face value of the equity shares respectively. Bids can be made for a minimum of 800 equity shares and in multiple of 800 equity shares thereafter.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Quality Assurance.
- Dealership network and presence in across various states.
- Leveraging the experience of our Promoters and Directors.
- Wide range of our products.
- Manufacturing at scale, in-house manufacturing facility with equipped machines and processes.
- The company has certain outstanding litigation against it, an adverse outcome of which may adversely affect the company business, reputation and results of operations.
- Its limited operating history makes evaluating the company business and future prospects difficult.
- The company depends on the success of its relationships with its customers. The company few of customers contribute majority of its revenues from operations. If one or more of such customers choose not to source their requirements from it, the company business, financial condition and results of operations may be adversely affected.
- The company depends on a certain supplier for its raw materials and other components required for its operations and the company does not have long-term agreements with suppliers for its raw materials or products and an increase in the cost of, or a shortfall in the availability or quality of such raw materials or products could have an adverse effect on its business, financial condition and results of operations.
- The company currently derives its revenue predominantly from the sale of batteries used in e-scooter. If the same is not wellreceived by the market, its business and future prospects could be adversely impacted.