The initial public offering of Maxvolt Energy Industries Ltd. received a good response from the investors as the issue was booked 3.23 times on Friday, February 14. The SME IPO was fully subscribed on day two of bidding on Thursday. The public issue was booked 56% on Day 1. The demand for te IPO was led by qualified institutional buyers followed by retail investors.
According to Chittorgarh, the Rs 54 crore IPO received bids for 64,40,800 shares against 19,96,800 on offer.
Non-institutional investors subscribed 1.45 times the offer, while Qualified Institutional Buyers (QIBs) booked the issue 6.76 times. The portion for Retail Individual Investors (RIIs) was subscribed 1.97 times.
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. The price band was set at Rs 171 to Rs 180 per share. Shares of Maxvolt Energy will debut on NSE SME on Wednesday, February 19.
Investors will now look forward to the allotment of Maxvolt Energy Industries which will be finalised on Monday, February 17. Here's all you need to know about the steps to check allotment status, listing date, latest grey market premium and more.
How To Check Maxvolt Energy Industries IPO Allotment Status On NSE Website
Visit the IPO allotment page on the NSE website here: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
Select 'Equity & SME IPO bid details'.
Select the company symbol 'MAXVOLT' in the dropdown list.
Enter PAN details and Application Number.
Click on the Submit button to verify your share allotment status.
How To Check Maxvolt Energy Industries IPO Allotment Status On Bigshare Services
Visit the IPO allotment page on the Bigshare Services website here: https://www.bigshareonline.com/ipo_allotment.html
Select any one server to check your IPO Allotment Status.
Select the company name 'Maxvolt Energy Industries Limited' from the dropdown list on the IPO allotment status page.
Enter the investor PAN Number or Application/CAF Number or DP/Client ID.
Fill in the captcha details.
Click on the Search button to verify your share allotment status.
Maxvolt Energy IPO GMP Today
The grey market premium on the Maxvolt Energy IPO was Rs 0 as of 1:28 p.m. on February 17 indicating a flat listing, according to InvestorGain. If the current GMP trends are sustained till the listing dates, shares of Maxvolt Energy are likely to list at Rs 180 apiece.
Note: GMP or grey market price is not an official price quote for the stock and is based on speculation.
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