Maxvolt Energy IPO Live
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Schedule of Maxvolt Energy
| Issue open date | 12 Feb 2025 |
| Issue close date | 14 Feb 2025 |
| UPI mandate deadline | 14 Feb 2025 (5 PM) |
| Allotment finalization | 17 Feb 2025 |
| Refund initiation | 18 Feb 2025 |
| Share credit | 18 Feb 2025 |
| Listing date | 19 Feb 2025 |
| Mandate end date | 01 Mar 2025 |
| Lock-in end date for anchor investors (50%) | 19 Mar 2025 |
| Lock-in end date for anchor investors (remaining) | 18 May 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Maxvolt Energy
Established in 2019, MaxVolt Energy manufactures lithium-ion batteries in various ranges, supplied through authorized dealers, distributors, and OEMs. These batteries are widely used in electric vehicles (E-scooters, E-rickshaws, E-cycles), energy storage systems, and electronic gadgets. Customized battery packs are also produced to meet industry-specific requirements. In addition to manufacturing, the company supplies graphene battery packs and battery chargers under its own brand. Some dealers and distributors also function as service centers. As of September 30, 2024, service centers operate in Uttar Pradesh, Delhi, Bihar, Madhya Pradesh, and Gujarat, providing support for battery-related issues.
Financials of Maxvolt Energy
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹54 crores |
| Fresh Issue | ₹43.2 crores |
| Offer for Sale | ₹10.8 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Debt reduction | 8.90 (20.60%) |
| Capital Expenditure | 24.27(56.18%) |
| General corporate purposes | 10.03 (23.22%) |
Strengths
- Rigorous inspections ensure quality assurance for high-performance lithium-ion battery packs.
- A strong dealership network spans multiple states with OEM partnerships.
- Experienced leadership from promoters and directors enhances industry expertise.
- A diverse product portfolio includes batteries for EVs, storage, and electronics.
- In-house manufacturing utilizes advanced machinery and efficient processes.
- Effective resource optimization ensures efficient utilization of materials and operations.
- Customized battery packs are designed to meet various industrial applications.
Risks
- Outstanding litigation may impact business, reputation, and financial results.
- Natural calamities, climate change, and health epidemics may disrupt operations.
- Regulatory changes and tax uncertainties could affect financial stability.
- Failure to maintain or improve brand image may reduce competitiveness.
- Economic slowdown in India may negatively impact business growth.
- Dependence on key suppliers and logistics may affect supply chain.
- Fluctuations in global economic conditions could impact business performance.
Allotment Status for Maxvolt Energy
To check your allotment status – click here.
Subscription Figures for Maxvolt Energy
Subscription numbers as of 5:00 PM on 12 Feb 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 5.68 | 5.83 | 1.03x |
| HNI (₹2L+) | 4.28 | 1.73 | 0.41x |
| Retail (upto ₹2L) | 10.00 | 3.52 | 0.35x |
| Total | 19.96 | 11.08 | 0.56x |