MaxVolt Energy IPO subscription started on Wednesday, February 12, 2025, and will close on February 14, 2025, as per the schedule. The price band is set at ₹171 to ₹180 per share with a face value of ₹10 each.
MaxVolt Energy IPO Subscription Status
MaxVolt Energy IPO Subscribed over 1,72x on its second day till 05.00 PM on 13th February 2025.
- MaxVolt Energy IPO subscription QIB investors portion is 4.48x times, while NII subscribed 0.14x times and RII investors subscribed 0.83x times.
- The company has received bids for 34,33,600 shares against 19,96,800 shares on offer on the second day.
- MaxVolt Energy IPO Subscribed over 1.72x on day 2.
- MaxVolt Energy IPO Subscribed over 0.56x on day 1.
About MaxVolt Energy IPO
In this technological era, Lithium-ion batteries are one the top ranking as they help in electric vehicles. However, MaxVolt Energy is involved in manufacturing Lithium-ion batteries. Its lithium-ion batteries are very helpful in making electric vehicles such as 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. It has comprehensive product distribution in various states, due to active distributors, good dealers, and OEMs.
Nowadays, MaxVolt Energy has 18,000 Square Feet in the Ghaziabad area for manufacturing Lithium-ion batteries. They always focused on upgrading manufacturing facilities. The company has a total of 97 employees, including workers, at its manufacturing facilities and registered office.
MaxVolt Energy IPO Company Financial Report
The company reported revenue of ₹48.79 crore in 2024 against ₹13.92 crore in 2023. The company reported a profit of ₹5.21 crores in 2024 against a profit of ₹0.28 crores in 2023.
MaxVolt Energy IPO GMP:
MaxVolt Energy IPO GMP was ₹0 as of Thursday, 13th February. That indicates the IPO is trading at ₹180 with ₹0 premium in the grey market against the issue price of ₹180.
