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 ā¹171 to ā¹180 per share with a face value of ā¹10 each.
MaxVolt Energy IPO Subscription Status
MaxVolt Energy IPO Subscribed over 3.23x on its last day till 05.00 PM on 14th February 2025.
- MaxVolt Energy IPO subscription QIB investors portion is 6.76x times, while NII subscribed 1.45x times and RII investors subscribed 1.97x times.
- The company has received bids for 64,40,800 shares against 19,96,800 shares on offer on the last 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 ā¹48.79 crore in 2024 against ā¹13.92 crore in 2023. The company reported a profit of ā¹5.21 crores in 2024 against a profit of ā¹0.28 crores in 2023.
MaxVolt Energy IPO GMP:
MaxVolt Energy IPO GMP was ā¹6 as of Friday, 14th February. That indicates the IPO is trading at ā¹186 with ā¹6 premium in the grey market against the issue price of ā¹180.
