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Maxvolt Energy Secures In-Principle Approval from NSE Emerge for Upcoming IPO

The capital raised from the fresh share issue will be strategically utilized to drive the company’s expansion and enhance operational efficiency. A significant portion, INR 8.90 crore, will be allocated toward debt reduction through repayment or prepayment of borrowings.

February 21, 2025. By News Bureau

Maxvolt Energy Industries Ltd. has secured in-principle approval from NSE Emerge, enhancing the feasibility of its much-anticipated initial public offering (IPO).

This marks a significant step in the company’s growth trajectory, reinforcing its commitment to innovation, manufacturing excellence, and expansion in the clean energy sector.

Founded in 2019, Maxvolt Energy has rapidly positioned itself as a key player in the lithium-ion battery industry, catering to electric vehicles, energy storage solutions, and various consumer electronics. With a strong focus on sustainability and advanced battery technology, the company has built a robust presence across Uttar Pradesh, Delhi, Bihar, Madhya Pradesh, and Gujarat. The company’s relentless focus on technological advancement is pivotal to its growth and has earned it a competitive edge in the evolving energy storage, electric mobility, and recycling &repurposing of batteries.

The capital raised from the fresh share issue will be strategically utilized to drive the company’s expansion and enhance operational efficiency. A significant portion, INR 8.90 crore, will be allocated toward debt reduction through repayment or prepayment of borrowings. Additionally, INR 24.27 crore will be invested in new plants and machinery to strengthen manufacturing capabilities. Funds will also be earmarked for general corporate purposes, including operational enhancements and working capital needs, while a dedicated investment in research and development (R&D) will support innovation in battery technology.

Maxvolt Energy has demonstrated remarkable growth over the years, showcasing its ability to adapt and thrive in a competitive market. In FY 2023-24, the company’s operational revenue surged to INR 48.37 crore from INR 13.68 crore in the previous year, reflecting a 253 percent increase. The profit after tax (PAT) stood at INR 5.21 crore, with earnings per share (EPS) jumping to INR 7.07 from INR 1.33.

With its 18,000 sq. ft. manufacturing facility in Ghaziabad and an annual production capacity of 97.2 MWh (as of September 2024), Maxvolt is well-positioned to meet the growing demand for lithium-ion batteries in India. The company is now setting its sights on expanding battery production facilities, exploring battery recycling solutions, and increasing the reach of its service centers.

Speaking on the approval, Satendra Shukla, Chief Business Officer of Maxvolt Energy, expressed optimism about the company’s future, stating, “Receiving approval from NSE Emerge is a landmark achievement for Maxvolt Energy. This IPO will not only fuel our expansion but also solidify our position as a leader in lithium-ion battery technology. With a strategic growth plan in place, we are poised to capitalize on the increasing demand for clean energy solutions by driving the future of sustainable energy storage and making substantial efforts in recycling and repurposing drive.”

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