Maxvolt Energy Industries Limited IPO

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The company specializes in the manufacturing of lithium-ion batteries under the brand name “MaxVolt Energy.” Their diverse product range caters to industries such as Electric Vehicles (EVs), Energy Storage, and Consumer Electronics. Additionally, they manufacture customized battery packs for industrial applications and supply Graphene Battery Packs and Battery Chargers under their brand.

Sales & Distribution Network

They distribute their products through a multi-channel approach, including:
i. Authorized dealers and distributors
ii. Original Equipment Manufacturers (OEMs)
iii. Direct supply to industries requiring custom battery solutions

To enhance customer service, they have designated service centers in key states such as Uttar Pradesh, Delhi, Bihar, Madhya Pradesh, and Gujarat, ensuring fast and hassle-free after-sales support.

Conclusion

MaxVolt Energy is positioned as a leading lithium-ion battery manufacturer with a strong focus on innovation, quality, and expansion. With a growing distribution network, dedicated service centers, and strategic expansion plans, they aim to strengthen their presence in the electric vehicle and energy storage sectors.

Objects of the Maxvolt Energy Industries Limited IPO:

The Company proposes to utilize the Net Proceeds from the Offer towards funding the following objects: i. Repayment or prepayment, in full or in part, of borrowings availed by the Company from banks, financial institutions and non-banking financial companies. ii. Funding of capital expenditure requirements of the Company towards purchase of Plant and Machineries. iii. General corporate purposes. The Company will not receive any proceeds received from the Offer for Sale by the Selling Shareholder. Total number of share issue :- i. Fresh issue is 24,00,000 shares, ii. Offer for sale is 6,00,000 shares.
DRHP of Maxvolt Energy Industries Limited IPO
RHP of Maxvolt Energy Industries Limited IPO

Maxvolt Energy Industries Limited IPO Details:

Open Date: Feb 12 2025
Close Date: Feb 14 2025
Total Shares: 30,00,000
Face Value: ₹ 10 Per Equity Share
Issue Size: 54.00 Cr.
Lot Size: 800 Shares
Issue Price: ₹ 171 - 180 Per Equity Share
Listing At: NSE Emerge
Listing Date: Feb 19 2025

Promoters And Management:

Mr. Bhuvneshwar Pal Singh, 37, is the Promoter, Managing Director, and CFO of the company. A B.Com. graduate from Chhatrapati Shahu Ji Maharaj University, Kanpur (2008), he joined the company in 2020 and has 4+ years of experience in finance. He oversees finance, accounts, and administration, ensuring business execution, resource efficiency, and quality standards. A strategic and results-driven leader, he provides guidance to the Board of Directors to develop effective policies and drive business success. Mr. Vishal Gupta, 29, is the Promoter, Chairman, and Whole-time Director of the company. He holds a Bachelor’s degree in Mechanical Technology from Manav Bharti University (2016) and completed an advanced program in E-Vehicle Technology from IIT Delhi (2023). Since the company's inception, he has served as Chief Technical Officer and was designated Director in 2021, with 5+ years of experience. He oversees factory administration, production infrastructure, resource utilization, and logistics management. A practical and goal-oriented leader, he has played a key role in product development, process improvement, and lithium battery R&D. Mr. Preet Kumar, 31, has been the Non-Executive Independent Director of the company since April 10, 2024. A Company Secretary by profession and an Associate Member of ICSI, he has been a Practicing Company Secretary since 2019 with 5+ years of experience in secretarial compliance. He also serves as a Director at Sona Machinery Limited since November 2023.

Financials of Maxvolt Energy Industries Limited IPO:

 
Particulars ( In Lakhs ) 6MFY25 FY24 FY23 FY22
Revenue from operations 4,027.71 4,837.15 1,367.95 615.01
Other Income 80.8 41.46 23.86 3.31
Total Income 4,108.51 4,878.61 1,391.81 618.32
Cost of services 3,200.98 3,812.26 1,099.50 462.04
Changes in inventories of finished goods and work-in-progress 4.69 -0.6 -0.01 -4.59
Gross Margins 20.41% 21.20% 19.62% 25.62%
Employee benefits expense 177.83 210.07 143.04 96.37
Other expenses 107.33 153.16 70.81 45.16
EBITDA 617.68 703.72 78.47 19.34
OPM 15.34% 14.55% 5.74% 3.14%
Finance costs 35.79 52.72 30.34 12.23
D&A 18.88 16.97 16.96 3.93
PBT 563 634.04 31.18 3.18
Tax Expenses 85.98 113.22 3.3 1.76
PAT 477.02 520.83 27.88 1.42
NPM 11.84% 10.77% 2.04% 0.23%

Comparison With Peers:

Amara Raja and Exide are often cited as peers; however, they are significantly larger companies. Comparing them to Maxvolt may not be meaningful, as Maxvolt has a revenue of approximately ₹100 crore, whereas Amara Raja reports around ₹11,000 crore, and Exide stands at ₹16,000 crores in FY24.

Recommendation on Maxvolt Energy Industries Limited IPO:

Review and Recommendation of Max Volts SME IPO by IZ team is 5/10. 

Lead Manager of Maxvolt Energy Industries Limited IPO:

  1. Smart Horizon Capital Advisors Private Limited

Registrar of Maxvolt Energy Industries Limited IPO:

  1. Bigshare Services Private Limited

Company Address:

Maxvolt Energy Industries Limited F-108, Plot No. 1 F/F United Plaza, Community Centre, Karkardooma, East Delhi, New Delhi-110092 Phone: 91 98188 89835 Email: bhuvneshwar@maxvoltenergy.com Website: http://www.maxvoltenergy.com/

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