Maxvolt Energy Industries is set to launch its IPO, with the aim of raising approximately ₹54.00 Cr. The IPO includes a fresh issue of 2,880,000 shares. The IPO is scheduled to open on February 12, 2025, and close on February 14, 2025. The company manufactures lithium-ion batteries for various applications, including electric vehicles and energy storage solutions. The funds raised will be used for repaying debt, funding capital expenditure for plant and machinery, and general corporate purposes.
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Expert Opinions
Maxvolt Energy IPO is generating positive market sentiment, fueled by the increasing adoption of electric vehicles (EVs) and energy storage solutions in India. The EV sector’s growth, supported by government initiatives, makes the offering an appealing prospect. Maxvolt Energy has demonstrated substantial revenue growth, with a 106% increase in Q2 FY25. The company focuses on innovative lithium-ion battery solutions for EVs and energy storage. The company’s manufacturing setup in Ghaziabad spans 18,000 sq. ft., with an annual production capacity of 97.2 MWh as of September 2024.
Challenges include competition in the fast-growing lithium-ion battery market and potential fluctuations in raw material costs. In FY 2023-24, Maxvolt’s operational revenue reached INR 48.37 crore, with a profit after tax (PAT) of INR 5.21 crore and an EPS of INR 7.07. Maxvolt Energy is well-positioned for long-term growth, driven by its focus on lithium-ion technology. As the world leans more into clean energy solutions, Maxvolt’s dedication to innovation, quality, and strategic growth positions it advantageously.
Investor Considerations
Maxvolt Energy IPO has shown significant growth, with revenue increasing from ₹13.68 crore in 2023 to ₹48.37 crore in 2024. The company’s profit also increased substantially from ₹0.28 crore to ₹5.21 crore during the same period. Maxvolt Energy operates in the lithium-ion battery sector, which is crucial for electric vehicles (EVs) and energy storage solutions. This sector is experiencing substantial growth due to the increasing demand for EVs and sustainable energy solutions.
IPO Valuation For FY24, Maxvolt Energy’s PAT margin stood at 10.77%, with an earning per share of ₹7.07. A debt to equity ratio of 0.51 indicates a moderate level of leverage. The return on net worth (RoNW) is 45.09%. The company intends to use the IPO proceeds for debt repayment and funding capital expenditure for plant and machinery. Maxvolt Energy focuses on expanding its business by providing customer satisfaction and has a comprehensive product distribution network. Maxvolt Energy faces risks including fluctuations in raw material costs and competition. The company’s depends on specific materials could affect its profitability.
| Date | GMP | Trend |
|---|---|---|
| 18 Feb 2025 11.10 | ₹00 | --- |
| 17 Feb 2025 11.14 | ₹00 | --- |
| 15 Feb 2025 11.28 | ₹00 | --- |
| 14 Feb 2025 17.40 | ₹00 | Down |
| 13 Feb 2025 18.14 | ₹5 | Up |
| 11 Feb 2025 11.04 | ₹00 | --- |
| 10 Feb 2025 10.36 | ₹00 | --- |
| 09 Feb 2025 12.32 | ₹00 | --- |
| 08 Feb 2025 20.43 | ₹00 | --- |
| 07 Feb 2025 20.05 | ₹00 | --- |
FAQs
The Grey Market Premium showed perfect accuracy in predicting Hexaware Technologies’ listing performance. The GMP of ₹0 predicted a flat listing at the issue price, and the stock listed exactly at ₹180 with no gains or losses. With zero prediction error, the GMP perfectly captured the flat listing sentiment, demonstrating complete accuracy in this case.
Maxvolt Energy IPO Current GMP is ₹00.
Maxvolt Energy IPO Expected Returns is 0.00%.
Maxvolt Energy IPO estimated listing price is ₹180.