MaxVolt Energy Industries IPO: Check Dates, Subscription, Latest GMP And Other Details

Maxvolt Energy Industries Ltd. joined the bandwagon of SME IPO in 2025 with the launch of its IPO on Feb. 12. The company is engaged in the business of manufacturing lithium-ion batteries for various purposes. Maxvolt Energy expects to raise Rs 54 crore from the primary markets through its IPO. Shares of the company are proposed to be listed on the NSE SME platform Emerge. Investors planning to bid in the Maxvolt Energy Industries IPO must check out these key details before submitting their bids:

Maxvolt Energy IPO is a book-built issue consisting of an offer-for-sale portion of 6 lakh shares valued at Rs 10.8 crore and a fresh issuance of 24 lakh shares aggregating Rs 43.2 crore. This takes the total offer size of Maxvolt Energy IPO to Rs 54 crore with the offer price band set at Rs 171 to Rs 180 per share. 

Maxvolt Energy Industries Ltd. has reserved 50% of the net offer size for qualified institutional buyers and 35% for retail investors. The remaining 15% of the shares on offer have been kept aside for non-institutional investors. 

Retail investors can bid in the IPO with a minimum lot size of 800 shares totalling an investment of Rs 1.44 lakhs.

Bids in Maxvolt Energy IPO can be submitted between Feb. 12 and Feb. 12. The company is expected to finalise the share allotment status on Feb. 17. This will be followed by the allotment of shares and initiation of refunds for the non-allotees on Feb. 18.

Shares of Maxvolt Energy are proposed to be listed on the NSE SME platform on Feb. 19. 

Smart Horizon Capital Advisors  Pvt. is serving as the book-running lead manager for the Maxvolt Energy IPO whereas Bigshare Services Pvt. is the registrar for the issue. Rikhav Securities Ltd. is the market maker for this SME public offer. 

The Maxvolt Energy IPO has been subscribed 0.5 times as of 3 p.m. on Wednesday.

• Qualified Institutions: 1.03 times

• Non-Institutional Investors: 0.39 times

• Retail Investores: 0.26 times

The grey market premium on the Maxvolt Energy IPO was nil as of 1:54 p.m. on Feb. 12, according to InvestorGain. If the current GMP trends are sustained till the listing dates, shares of Maxvolt Energy are likely to make a flat listing on the NSE SME. 

Note: GMP or grey market price is not an official price quote for the stock and is based on speculation.

MEIL is primarily engaged in the business of manufacturing lithium-ion batteries to be used in electric vehicles, energy storage, and electronics. The company sells its products, under the MaxVolt Energy brand, through a network of dealers, distributors, and OEMs.

Maxvolt Energy Industries Ltd. has service centres in five states, as of Sept. 30, 2024.

Maxvolt Energy has proposed to use the net proceeds from the IPO to settle its debts and fund capital expenditure of the company towards the purchase of plant and machinery. A portion of the funds will be used for general corporate purposes. 

Maxvolt Energy Industries Ltd. posted revenue of Rs 41.09 crore in the first half of FY25 with a net profit of Rs 4.77 crore. In FY24, the company's revenues grew multifolds to Rs 48.79 crore up from Rs 13.92 crore in the preceding financial year. 

Net profit showed a remarkable surge at Rs 5.21 crore in FY24 from Rs 28 lakh in FY23.  

Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.