Maxvolt Energy IPO: Review, Valuation, Date & GMP

Maxvolt Energy IPO-Complete Overview

Maxvolt Energy IPO under the SME IPO category is a book-build issue of Rs.54 Cr (30,00,000 Shares) by Maxvolt Energy Industries Limited, which was incorporated in 2019 and is a manufacturer of lithium-ion industrial batteries. 

The company manufactures lithium-ion batteries used in electric vehicles, energy storage, and consumer electronics. These products are then marketed through dealers, distributors, and OEMs under the "MaxVolt Energy" brand. The company produces customized battery packs and supplies Graphene battery packs and chargers. 

 As of September 30, 2024, it has service centers in five states that support dealers and distributors with battery issues. The company's manufacturing facility comprises up-to-date machinery, safety measures as well as testing labs. Quality control-from raw material procurement to final product testing and packaging-dispatch.

Business Model: 

Manufacturing: The company manufactures a wide range of lithium-ion battery packs and makes space for customized capacity, watt-hours, dimensions, and weight.

Outsourcing: The company supplies lead batteries and designed Components like chargers specified by the company to be manufactured by outside parties.

Products:

1. Battery for E-Scooter/ Bike 

2. Battery for E- Rickshaw 

3. E- Cycle Battery 

4. For Energy Storage Batteries 

5. Battery for Electronic Gadgets 

6. Lead E-Scooter Battery 

7. Lithium Battery Charger, Lead Battery Charger.

 

Maxvolt Energy Industries Limited IPO Overview

This Maxvolt Energy Industries Limited IPO date is 12 February 2025, and its ‘initial public offering’ will end on 14 February 2025.    

This Rs.54 crore new SME IPO comprises a combination of a fresh issue of 24 lac Shares (Rs.43.20 Cr) and an offer for sale (OFS) of 6 lac Shares (Rs.10.80 Cr).

This upcoming IPO date is on 12 Feb 2025. The Maxvolt Energy IPO Price is Rs.171 to Rs.180 for each Share. 

The expected IPO listing date is 19 Feb 2025, and the listing at NSE and SME.

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Company Financial

(Amount in Cr)

 

Cash Flows

The cash flows for various activities are mentioned below:

(Amount in lac)

 

Industry-wise Revenue Breakdown 

(Amount in lac)

 

Sales-wise Revenue Breakdown 

(Amount in lac)

(Source: RHP)

 

 

The Objective of The Issue

• Payback or partial prepayment of loans taken out by the business from banks, financial institutions, and non-banking financial firms.

• Financing the company's capital expenditure needs for the acquisition of equipment and plants.
  
  

Peers of Maxvolt Energy Ltd.

 

Evaluation

The IPO price is Rs.171 to Rs.180 for each Share.

Evaluation of P/E Ratio

Considering the FY ended 31 Mar 2024 with an EPS of Rs.7.07 from the last year, the resulting P/E ratio is 25.46x.

Considering the weighted EPS of Rs.3.99 for the last three years, the P/E ratio is 45.11x.

Comparative Analysis With Listed Peers

The average P/E Ratio of the industry is 88.52x.

In simple words, the P/E ratio of this IPO (25.46x), compared with the industry’s average P/E of 88.52x, has an undervaluation (on a P/E ratio basis only). Hence the price of the Share seems fully priced for the investors when considered based on the average P/E ratio of the industry.

 

IPO's Strengths

• Quality Assurance.

• Dealership network and presence all over numerous states.

• Experienced Promoters and Directors.

• The vast range of products.

 

IPO’s Weaknesses

• Legal and Regulatory Risks: The company has a legal complaint, or probably a complaint or claim by consumers, employees, or governmental regulatory agencies that could result in an investigation or liability and may adversely affect the company's operations.

• Limited Operating History: The company is a fairly new entrant into the EV industry and, therefore, has several unknown affordability and future capacity development uncertainties.

• Customer Dependency: The majority of the revenues of the company are dependent on a few key customers. If the company loses any of them it means a significant impact on the financial condition and operations of the business.

 

 

Maxvolt Energy IPO GMP 

Maxvolt Energy IPO GMP is Rs.0 as of 10 Feb 2025.

IPO Timetable (Tentative)

The IPO date is February 12, with allotment on February 17, refund initiation on February 18, and listing on 19 February 2025.

 

Maxvolt Energy IPO Details 

The IPO with a Face Value of Rs.10 per share offers a total issue size of 30,00,000 Shares (Rs.54 Cr).

 

Maxvolt Energy IPO Lot Details 

The Maxvolt Energy Limited IPO allows retail investors to invest in a minimum and maximum of 1 Lot (800 Shares) amounting to Rs.1,44,000 and in multiples thereof, while for HNI investors, the minimum Lot is 2 (1600 Shares) amounting to Rs.2,88,000.

 

IPO Reservation (% of Net Issue)

 

Promoters And Management of Maxvolt Energy Ltd.

• Mr. Bhuvneshwar Pal Singh

• Mr. Vishal Gupta

• Mr. Sachin Gupta

 

IPO Lead Managers

Smart Horizon Capital Advisors Private Limited.

Dividend Policy

The company has not declared any dividend since its inception.

Conclusion

Maxvolt Energy IPO is an opportunity in a growing company in the electric vehicle and energy storage segment. The product range along with the quality assurance makes it appear attractive. However, the concerns for the investors are its short operating history and dependence on customers. 

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DISCLAIMER: NOT a buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always discuss with an eligible financial advisor before investing.

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company  Click Here to Download the DRHP.

DISCLAIMER: This is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions. 

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