MaxVolt Energy IPO subscribed 3.23 times on the last day, while A retail quota was subscribed 1.97 times, QIB was subscribed 6.76 times, and NII quota subscribed 1.45 times respectively.
Details About MaxVolt Energy IPO
MaxVolt Energy got approval from SEBI for an IPO of ₹54.00 crores, comprising ₹43.20 crores, and offer for sale up to 6,00,000 equity shares with a face value of ₹10 each.
Moreover, MaxVolt Energy has set up a price band between ₹171 to ₹180 per share. In MaxVolt Energy IPO a total of 800 shares were available in 1 lot size for the minimum Retail category and for the maximum retail category 800 shares in 1 lot size, while S-HNI (Min) total of 1,600 shares in 2 lot size.
To invest in MaxVolt Energy IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum investment of ₹1,44,000 and maximum investment of ₹1,44,000.
- Small HNI (S-HNI): Minimum investment of ₹2,88,000.
Subscription duration of MaxVolt Energy IPO
The IPO subscription of MaxVolt Energy was started on February 12, 2025, and closed for subscription on February 14, 2025. The IPO allotment of MaxVolt Energy was completed on February 17, 2025, While the listing has been scheduled for February 19, 2025.
About MaxVolt Energy IPO
In today’s technological age, lithium-ion batteries are among the leading options due to their role in powering electric vehicles. MaxVolt Energy specializes in producing lithium-ion batteries that are essential for various electric vehicles, including e-scooters, e-rickshaws, and e-cycles.
Moreover, it was founded in 2019 and since then to till now has been focusing on expanding business by providing maximum satisfaction to consumers.
Nowadays, MaxVolt Energy has 18,000 Square Feet in the Ghaziabad area for manufacturing Lithium-ion batteries. They always focused on upgrading manufacturing facilities.
Financial Background of MaxVolt Energy IPO
The company reported revenue of ₹48.79 crores in 2024 against ₹13.92 crore in 2023. The company reported profit of ₹5.21 crores in 2024 against profit of ₹0.28 crores in 2023.
