Datetime format Issue: String was not recognized as a valid DateTime

You can use DateTime.ParseExact() method.

Converts the specified string representation of a date and time to its DateTime equivalent using the specified format and culture-specific format information. The format of the string representation must match the specified format exactly.

DateTime date = DateTime.ParseExact("04/30/2013 23:00", 
                                    "MM/dd/yyyy HH:mm", 
                                    CultureInfo.InvariantCulture);

Here is a DEMO.

hh is for 12-hour clock from 01 to 12, HH is for 24-hour clock from 00 to 23.

For more information, check Custom Date and Time Format Strings

Your date time string doesn't contains any seconds. You need to reflect that in your format (remove the :ss).
Also, you need to specify H instead of h if you are using 24 hour times:

DateTime.ParseExact("04/30/2013 23:00", "MM/dd/yyyy HH:mm", CultureInfo.InvariantCulture)

See here for more information:

Custom Date and Time Format Strings