Maxvolt Energy Industries IPO: Check GMP, price band, subscription and other details

The SME IPO of Maxvolt Energy Industries will open for subscription on Wednesday. The issue, which is a mix of fresh equity sale of 24 lakh shares and an offer for sale (OFS) of 6 lakh shares, will be available for bidding till February 14.

Maxvolt Energy plans to use the proceeds from the issue in funding the working capital requirements of the company, branding, advertisement and marketing activities and general corporate purposes.

Maxvolt Energy Industries IPO price band

The company has fixed a price band of Rs 171-180 per share, where investors can bid for 800 shares in one lot.

GMP for Maxvolt Energy Industries

The GMP of Maxvolt Energy Industries is currently Rs 0 in the unlisted markets, which indicates a premium of 0% over the issue price.

About Maxvolt Energy Industries

The company is primarily engaged in the business of manufacturing of lithium-ion batteries of various ranges supplied through a diversified sales and distribution mix.

It also manufactures custom battery packs as per the requirement of manufacturers of different industries. In addition to manufacturing, the company is a supplier of Graphene Battery packs and Battery Chargers designed and developed by us in its own brand name.

Maxvolt Energy Industries financial performance

In FY24, the company's total revenue more than doubled to Rs 48.78 crore from just Rs 13.91 crore in the previous fiscal year. Profit after was also higher at Rs 5.2 crore.

Maxvolt Energy Industries listing and allotment date

The share allotment for Maxvolt Energy Industries IPO is expected to be finalised on February 17 and the listing of shares will be on February 19. The equity shares are proposed to be listed on the NSE SME platform.

Smart Horizon Capital Advisors is the book running lead manager to the issue while the registrar to the issue is Bigshare Services.

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