MAXVOLT ENERGY INDUSTRIES LIMITED
	CIN: U40106DL2019PLC349854

Our Company was originally incorporated on May 09, 2019 under the name "Maxvolt Energy Industries Private Limited" under the provisions of the Companies Act, 2013 with the Registrar of Companies, Central Registration Centre. Subsequently, the status of our Company was changed to public limited Company and the name of our Company was changed to "Maxvolt Energy Industries Limited" vide Special Resolution passed by the Shareholders at the Extra Ordinary General Meeting of our Company held on June 18, 2024. The fresh certificate of incorporation consequent to conversion was issued on August 27, 2024 by the Centralised Processing Centre. The Corporate Identification Number of our Company is U40106DL2019PLC349854.

INITIAL PUBLIC OFFER OF 30,00,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH (THE "EQUITY SHARES") OF MAX VOLT ENERGY INDUSTRIES LIMITED ("OUR COMPANY" OR "MAXVOLT" OR "THE ISSUER") FOR CASH AT A PRICE OF RS. 180/- PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS. 170/- PER EQUITY SHARE (THE "ISSUER PRICE") AGGREGATING TO RS. 5,400 LAKHS ("THE OFFER"), OF WHICH 1,52,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 180/- PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS. 170/- PER EQUITY SHARE AGGREGATING TO RS. 273.60 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE OFFER (THE "MARKET MAKER RESERVATION PORTION"). THE OFFER LESS THE MARKET MAKER RESERVATION PORTION I.E., NET OFFER OF 28,48,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH AT A PRICE OF RS. 180/- PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS. 170/- PER EQUITY SHARE AGGREGATING TO RS. 5,126.40 LAKHS IS HEREIN AFTER REFERRED TO AS THE "NET OFFER". THE OFFER AND THE NET OFFER WILL CONSTITUTE 27.51% AND 26.12% RESPECTIVELY OF THE POST OFFER PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY. THE FACE VALUE OF EQUITY SHARES IS RS. 10/- EACH. THE OFFER PRICE IS 18 TIMES THE FACE VALUE OF THE EQUITY SHARES.

4. Weighted average cost of acquisition:

This Offer was made through the Book Building Process, in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended ("SCRR") read with Regulation 229 of the SEBIICDR Regulations and in compliance with Regulation 253 of the SEBIICDR Regulations wherein not more than 50.00% of the Net Offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers ("QIBs") (the "QIB Portion"), provided that our Company and selling shareholder in consultation with the BRLMs may allocate up to 60.00% of the QIB Portion to Anchor Investors on a discretionary basis ("Anchor Investor Portion"). One third of the Anchor Investor Portion shall be reserved for domestic Mutual Funds, subject to valid Bids being received from the domestic Mutual Funds at or above the Anchor Investor Allocation Price in accordance with the SEBI ICDR Regulations. In the event of under subscription or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the QIB Portion (other than the Anchor Investor Portion) ("Net QIB Portion"). Further, 5.00% of the Net QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIB Bidders, other than Anchor Investors, including Mutual Funds, subject to valid Bids being received at or above the Offer Price. However, if the aggregate demand from Mutual Funds is less than 5.00% of the Net QIB Portion, the balance Equity Shares available for allocation in the Mutual Fund Portion will be added to the remaining Net QIB Portion for proportionate allocation to QIBs. Further, not less than 15.00% of the Net Offer shall be available for allocation on a proportionate basis to Non-lnstitutional Investors and not less than 35.00% of the Net Offer shall be available for allocation to Retail Individual Investors in accordance with the SEBIICOR Regulations, subject to valid Bids being received from them at or above the Offer Price. All Potential Bidders, other than Anchor Investors, are required to participate in the Offer by mandatorily utilizing the Application Supported by Blocked Amount ("ASBA") process by providing details of their respective ASBA Account (as defined hereinafter) in which the corresponding Bid Amounts will be blocked by the Self-Certified Syndicate Banks ("SCSBs") or under the UPI Mechanism, as the case may be, to the extent of respective Bid Amounts. Anchor Investors are not permitted to participate in the Offer through the ASBA process. For details, please refer to the chapter titled "Offer Procedure" on page 327 of the Prospectus.

The bidding for Anchor investors opened and closed on Tuesday, February 11, 2025. The Company received 09 Anchor Investor Application Forms from 09 Anchor Investors (including Nil Mutual Funds through Nil Mutual Fund schemes) for 10.56,800 Equity Shares. Such 09 Anchor Investors through 09 Anchor Investor Application Forms were allocated 8,51,200 Equity Shares at a price of Rs. 180/- per Equity Share under the Anchor Investor Portion, aggregating to Rs. 15,32,16,000/-

The Offer (excluding Anchor Investor Portion) received applications for 66,13,600 Equity Shares (before technical rejections) resulting in 3.08 times subscription (including reserved portion of market maker). The Details of the Applications received from various categories (before technical rejection) are as under:

Detail of the Applications Received:

*This includes 5 applications for 4,000 Equity Shares from Retail Individual which were not in book but excludes bids (UPI Mandates & SCSB) not accepted by investors.

A summary of the final demand as per NSE as on the Bid/Offer Closing Date at different Bid Prices is as under:

The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - NSE on February 17, 2025.

1) Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors, who have bid at cut-off Price or at or above the Offer Price of Rs. 180.00 per equity shares, was finalized in consultation with NSE. The category was subscribed by 1.95 times i.e., for 19,49,600 Equity Shares. Total number of shares allotted in this category is 10,00,000 Equity Shares to 1,250 successful applicants. The category wise details of the Basis of Allotment are as under:

2) Allocation to Non-lnstitutional Investors (Alter Technical Rejections): The Basis of Allotment to Other than Retail Individual Investors, who have bid at Offer Price of Rs. 180.00 per equity shares or above, was finalized in consultation with NSE. The category was subscribed by 1.44 times i.e., for 6,15,200 shares the total number of shares allotted in this category is 4,28,000 Equity Shares to 173 successful applicants. The category wise details of the Basis of Allotment are as under:

3) Allocation to QIBs excluding Anchor Investors (After Technical Rejections): The Basis of Allotment to QIBs, who have bid at Offer Price of Rs. 180.00 per equity shares or above, was finalized in consultation with NSE. The category was subscribed by 6.76 times i.e., for 38,47,200 shares the total number of shares allotted in this category is 5,68,800 Equity Shares to 6 successful applicants. The category wise details of the Basis of Allotment are as under:

4) Allocation to Anchor Investors (After Technical Rejections & Withdrawal): The Company and selling shareholder in consultation with the BRLM has allotted 8,51,200 Equity Shares to 09 Anchor Investors at Anchor Investor Offer Price of Rs. 180.00 per equity shares in accordance with the SEBI ICDR Regulations. The category wise details of the Basis of Allotment are as under:

5) Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to Market Maker, who have bid at Offer Price of Rs. 180.00 per equity shares or above, was finalized in consultation with NSE. The category was subscribed by 1.00 times i.e., for 1,52,000 shares the total number of shares allotted in this category is 1,52,000 Equity Shares. The category wise details of the Basis of Allotment are as under:

The Board of Directors of the Company at its meeting held on February 17, 2025 has approved the Basis of Allocation of Equity Shares as approved by the Designated Stock Exchange viz. NSE and has authorized the corporate action for Offer of the Equity Shares to various successful applicants. The CAN-cum-allotment advices and/or notices will forward to the email id's and address of the Applicants as registered with the depositories / as filled in the application form on or before February 18, 2025. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount will process on or prior to February 18, 2025. In case the same is not received within ten days, investors may contact at the address given below. The Equity Shares allocated to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. The Company is taking steps to get the Equity Shares admitted for trading on the NSE Emerge within Three working days from the date of the closure of the Offer.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated February 14, 2025 ("Prospectus") filed with Registrar of Companies, Delhi.

This Corrigendum is with reference to the Red Herring Prospectus dated February 06, 2025 and Prospectus dated February 14, 2025 filed with the Registrar of Companies, Delhi and submitted to EMERGE Platform of NSE, ("NSE EMERGE") and Securities and Exchange Board of India ("SEBI"). In this regard, please note the following:

Note: Tripartite agreement between the CDSL, our Company and the Registrar to the Offer dated shall be read as July 31, 2024 instead of July 30, 2024 as mentioned in the Draft Red Herring Prospectus, Red Herring Prospectus and Prospectus. Accordingly, Prospectus shall stand amended to the extent of and should be read with the above.

The details of the allotment made would also be hosted on the website of the Registrar to the Offer, Bigshare Services Private Limited at www.bigshareonline.com. All future correspondence in this regard may kindly be addressed to the Registrar to the Offer quoting full name of the First/ Sole applicants, serial number of the Bid cum Application Form, number of shares applied for and Bank Branch where the application had been lodged and payment details at the address of the Registrar given below:

	BIGSHARE SERVICES PRIVATE LIMITED
	Office No. S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre,
	Mahakali Caves Road, Andheri East, Mumbai - 400 093, Maharashtra, India | Tel: 022 - 6263 8200
	E-mail: ipo@bigshareonline.com | Website: www.bigshareonline.com
	Investor grievance e-mail: investor@bigshareonline.com
	Contact Person: Mr. Asif Sayyed
	SEBI Registration No.: INR000001385

Maxvoll Energy Industries Limited is proposing, subject to market conditions, public Offer of its equity shares and has filed the Prospectus with the Registrar of Companies, Delhi. The Prospectus is available on the website of SEBI at www.sebi.gov.in, the website of the Book Running Lead Manager at www.shcapl.com website of the NSE at www.nseindia.com and website of Issuer Company at www.maxvoltenergy.com Investors should note that investment in Equity Shares involves a high degree of risk. For details, investors shall refer to and rely on the Prospectus including the section titled "Risk Factors" beginning on page 33 of the Prospectus, which has been filed with ROC. The Equity Shares have not been and will not be registered under the US Securities Act (the "Securities Act") or any state securities law in United States and may not be Issued or sold within the United States or to, or for the account or benefit of. "U.S. persons" (as defined in the Regulation S under the Securities Act), except pursuant to an exemption from, or in a transaction not subject to the registration requirements of the Securities Act of 1933.

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