Maxvolt Energy IPO is a book-built issue valued at ₹54.00 crores. The offering comprises a fresh issue of 24.00 lakh shares, amounting to ₹43.20 crores, along with an offer for sale of 6.00 lakh shares, aggregating to ₹10.80 crores.
The subscription for Maxvolt Energy IPO opens on February 12, 2025, and closes on February 14, 2025. The allotment process is expected to be finalized on Monday, February 17, 2025. The IPO is set to be listed on NSE SME, with a tentative listing date scheduled for Wednesday, February 19, 2025.
Maxvolt Energy Industries operates in the lithium-ion battery manufacturing sector. They produce a wide range of lithium-ion batteries for electric vehicles, energy storage, and electronics. They also manufacture custom battery packs and supply Graphene battery packs and battery chargers. Their products are distributed through dealers, distributors, and OEMs under the “MaxVolt Energy” brand.
The price band for Maxvolt Energy IPO is fixed between ₹171 and ₹180 per share. Investors must apply for a minimum lot size of 800 shares. The minimum investment required for retail investors is ₹1,36,800, but to avoid the risk of oversubscription, it is recommended to bid at the cutoff price, which amounts to approximately ₹1,44,000. For HNIs, the minimum investment is 2 lots (1,600 shares), totaling ₹2,88,000.
Smart Horizon Capital Advisors Private Limited is the book-running lead manager for the Maxvolt Energy IPO, with Bigshare Services Pvt Ltd acting as the registrar. Rikhav Securities Limited has been designated as the market maker for the issue.
Maxvolt Energy IPO Details:
| Company Name | Maxvolt Energy Limited |
| Sector | Battery Manufacturing |
| IPO Type | SME |
| IPO Open date | 12th Feb 2025 |
| IPO Close date | 14th Feb 2025 |
| Listing Exchanges | NSE |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Maxvolt Energy IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 800 | 1,44,000 |
| HNI (Min) | 2 | 1600 | 2,88,000 |
Maxvolt Energy IPO Timeline:
| IPO Open Date | 12th Feb 2025 |
| IPO Close Date | 14th Feb 2025 |
| Basis of Allotment | 17th Feb 2025 |
| Refund Initiation Date | 18th Feb 2025 |
| Shares Credit to Demat | 18th Feb 2025 |
| Listing Date | 19th Feb 2025 |
Things to Consider before applying for an IPO
Financial Performance: Review Maxvolt Energy’s Financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Battery Manufacturing Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Maxvolt Energy and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
