Maxvolt Energy Industries Limited secures a strong market position with a 3.3x oversubscribed IPO, reinforcing its leadership in lithium battery technology and sustainable energy solutions.
Maxvolt Energy Industries Limited, a leading innovator in lithium battery technology, marked a major milestone today as it officially debuted on the National Stock Exchange (NSE) Emerge platform. The listing follows the successful conclusion of its Initial Public Offering (IPO) on February 14, 2025, which saw an overwhelming 3.3 times subscription, highlighting strong investor confidence in the company’s growth potential and leadership in clean energy solutions.
Robust Investor Demand for Maxvolt Energy IPO
Maxvolt Energy’s IPO, held from February 12 to 14, 2025, witnessed a strong response across all investor categories:
- Qualified Institutional Buyers (QIBs) oversubscribed by 6.76 times
- Non-Institutional Investors (NII/HNIs) subscribed 1.81 times
- Retail Investors subscribed 1.97 times
The IPO saw applications for over 6.59 million shares, compared to the 1.99 million shares offered. The price range was set between ₹171 and ₹180 per share, with a minimum bid lot of 800 shares.
Maxvolt Energy: Pioneering Lithium Battery Innovation Since 2019
Founded in 2019, Maxvolt Energy has rapidly emerged as a key player in the lithium-ion battery sector, catering to electric vehicles (EVs), energy storage systems (ESS), and consumer electronics. The company has established a strong market presence in Uttar Pradesh, Delhi, Bihar, Madhya Pradesh, and Gujarat.
With a state-of-the-art 23,000 sq. ft. manufacturing facility in Ghaziabad and an annual production capacity of 97.2 MWh (as of September 2024), Maxvolt Energy is well-positioned to meet India’s growing demand for sustainable battery solutions.
IPO Funds to Drive Expansion & Battery Recycling Initiatives
The proceeds from the IPO will be strategically allocated towards:
- Setting up a lithium battery recycling plant
- Expanding market reach & increasing production capacity
- Enhancing R&D and developing a dedicated ESS battery production line
The leadership team, including Mr. Bhuvneshwar Pal Singh (MD & CFO), Mr. Vishal Gupta (Chairman & CTO), Mr. Satendra Shukla (CBO & CEO), and Mr. Mukesh Gupta (Marketing Head), is focused on innovation and sustainability-driven growth.
Maxvolt Energy has showcased remarkable financial performance, with revenue surging to ₹48.37 crore in FY 2023-24, a 253% increase from ₹13.68 crore the previous year. The company reported a Profit After Tax (PAT) of ₹5.21 crore, while Earnings Per Share (EPS) jumped from ₹1.33 to ₹7.07.
Commenting on the successful NSE listing, Mr. Satendra Shukla, Chief Business Officer of Maxvolt Energy, stated:
“Receiving approval from NSE Emerge and making our market debut today is a landmark achievement for Maxvolt Energy. This IPO will accelerate our expansion and strengthen our leadership in lithium battery technology. We remain committed to driving India’s transition towards sustainable energy storage solutions.”
Listing Ceremony at NSE Headquarters
The listing ceremony was held on February 19, 2025, at 08:30 AM, at the NSE headquarters in Bandra Kurla Complex, Mumbai. This momentous event marks a new chapter in Maxvolt Energy’s journey toward market leadership and long-term value creation for its investors.
With a strong vision for clean energy innovation, Maxvolt Energy is set to play a crucial role in India’s green energy transition, reinforcing its position as a key player in the lithium-ion battery market.