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Maxvolt Energy Industries Limited IPO
Maxvolt Energy Industries Ltd
₹1,36,800 /800 sharesMinimum Investment
Maxvolt Energy Industries Limited IPO Listing Details
| Listed On | Issue Price | Listing Price | Listing Gains |
|---|---|---|---|
| -- | ₹180.00 | ₹180.00 | ₹0.00 (0.00%) |
Maxvolt Energy Industries Limited IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 12 Feb ‘25 - 14 Feb ‘25 | ₹1,36,800 | 800 | ₹171 - ₹180 |
| Issue Size | IPO Doc |
|---|---|
| 54.00Cr | RHP PDF |
Subscription rate
As of 14 Feb'25, 05:00 PM
| Qualified Institutional Buyers | 5.54x |
| Non-Institutional Investor | 0.73x |
| Retail Individual Investor | 1.62x |
| Total | 2.36x |
About Maxvolt Energy Industries Limited
Founded in
2019
Managing director
Mr. Bhuvneshwar Pal Singh
Parent organisation
Maxvolt Energy Industries Ltd
Strengths & Financials of Maxvolt Energy Industries Limited
Strengths
Risks
As of September 30, 2024, the company has service centres in Uttar Pradesh, Delhi, Bihar, Madhya Pradesh, and Gujarat. Dealers and distributors can access these centres to resolve battery-related issues. The company also states that these centres help them provide quick and efficient customer service.
The company is ISO 9001:2015 certified for quality management systems.
The company claims to be capable of manufacturing a wide range of batteries and has a total production capacity of up to 97.2 MWh.
The manufacturing facility is well-equipped with essential machinery and handling equipment, ensuring smooth production and efficient logistics. The company prioritises safety and ensures it by adhering to key safety standards.
The company has an in-house testing facility to check the quality of raw materials before production. All raw materials undergo inspection to ensure they meet the required standards before being used in manufacturing.
The company has seen a consistent increase in revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 6.15 crore in FY22 to Rs 13.68 crore in FY23 to Rs 48.37 crore in FY24. PAT increased from Rs 0.01 crore in FY22 to Rs 0.28 crore in FY23 to Rs 5.21 crore in FY24.
The company is involved in certain ongoing legal proceedings. Any adverse judgments in any of these cases could be detrimental to the company’s business prospects.
A major portion of the company’s revenue comes from a few key customers. The top 10 customers accounted for Rs 36.25 crore (90.00%) for the period ending September 30, 2024, and Rs 41.25 crore (85.28%), Rs 11.10 crore (81.14%), and Rs 3.90 crore (63.43%) of the revenue from operations in FY24, FY23, and FY22, respectively. Any loss of one or more of these customers or a decline in business from them could adversely impact business operations and the company’s finances.
The company primarily generates revenue from battery sales for e-scooters. This segment contributed Rs 36.88 crore (91.56%) for the period ending September 30, 2024, and Rs 46.82 crore (96.79%), Rs 11.11 crore (81.22%), and Rs 3.33 crore (54.22%) to the revenue from operations in FY24, FY23, and FY22, respectively. Any decline in demand for this specific product could adversely impact the company’s revenue.
Some specific regions are major contributors to the company’s revenue. These locations are Delhi, Haryana, Madhya Pradesh, and Uttar Pradesh. Out of these states, Delhi has been the largest contributor, with its contributions amounting to Rs 14.33 crore (35.57%) for the period ending September 30, 2024, and Rs 15.71 crore (32.49%), Rs 7.44 crore (54.42%), and Rs 1.42 crore (23.17%) of the revenue from operations in FY24, FY23, and FY22, respectively. Any adverse economic or regulatory changes in these areas could adversely affect the company’s operations and finances.
The lithium-ion cells used in the company’s battery packs have the potential to catch fire or release smoke, even when properly manufactured and handled. Such incidents could negatively affect the brand reputation and harm the company’s business operations and financial condition.
A major portion of revenue is generated through dealers, contributing Rs 35.60 crore (88.39%) for the period ending September 30, 2024, and Rs 38.45 crore (79.50%), Rs 3.06 crore (22.37%), and Rs 3.04 crore (49.50%) to the revenue from operations in FY24, FY23, and FY22, respectively. However, the company has no formal agreements with its dealers and distributors. Hence, any loss of key dealers or failure to retain or onboard new ones could affect the company’s sales and negatively impact the company’s financial performance.
The company’s product marketing is handled by a single individual as of September 30, 2024. Losing this employee or failing to attract skilled marketing professionals could negatively affect the business’s marketing efforts.
The company has a total outstanding borrowings of Rs 4.97 crore as of September 30, 2024. Any inability to repay or service these loans could adversely affect the company’s financial position.
Maxvolt Energy Industries Limited Financials
*All values are in Rs. Cr
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Application Details of Maxvolt Energy Industries Limited IPO
| Apply as | Price band | Apply upto |
|---|---|---|
| Regular | ₹171 - 180 | ₹2 - 5 Lakh |
| High Networth Individual | ₹171 - 180 | ₹2 - 5 Lakh |
For Maxvolt Energy Industries Limited IPO, eligible investors can apply as Regular.