Maxvolt Energy IPO - Day 3 Subscription at 1.93 Times

Maxvolt Energy's initial public offering (IPO) has demonstrated measured progress through its three-day subscription period. The ₹54 crore IPO, comprising a fresh issue of ₹43.20 crores and an offer for sale of ₹10.80 crores, has witnessed steady growth in demand, with subscription rates progressing from 0.56 times on day one, improving to 1.73 times on day two, and reaching 1.93 times by 11:45 AM on the final day.

Maxvolt Energy IPO has already secured a strong foundation by raising ₹15.32 crores from anchor investors, and this institutional confidence is further reflected in the QIB portion maintaining a robust 4.48 times subscription. This strong institutional backing is particularly noteworthy for a company specializing in lithium-ion battery manufacturing for the growing electric vehicle and energy storage sectors.
 

Maxvolt Energy IPO’s public portion has seen varied response across investor categories, with retail investors showing growing interest at 1.21 times subscription, while the Non-Institutional Investors (NII) portion stands at 0.24 times. The total bid amount has reached ₹69.54 crores against the issue size, with 1,576 applications received, indicating selective investor participation in this emerging technology sector.

Subscription Status of Maxvolt Energy IPO:

Here are the subscription details for Maxvolt Energy IPO as of Day 3 (February 14, 2025, 11:45 AM):

Note:
 

• "Shares Offered" and "Total Amount" are calculated based on the upper price of the issue price range.
• The portions of anchor investors and market maker are not included in the total shares offered.

Maxvolt Energy IPO - Day 3 Subscription

Key Highlights:

• Overall subscription reaching 1.93 times demonstrating measured investor interest
• QIB portion maintaining strong momentum at 4.48 times subscription
• Retail investors showing growing confidence at 1.21 times
• NII segment improving slightly to 0.24 times from previous day
• Total applications reaching 1,576 indicating selective participation
• Cumulative bid amount reaching ₹69.54 crores
• Strong institutional backing with ₹45.84 crores from QIBs
• Retail participation showing steady improvement
• Institutional investors maintaining consistent interest
• Final day witnessing balanced subscription pattern
• Market response reflecting strategic evaluation
• Anchor portion providing stability with ₹15.32 crores
• Subscription trends aligned with sector dynamics
• Pattern indicating careful investor assessment

Maxvolt Energy IPO - Day 2 Subscription at 1.73 Times

Key Highlights:

• Overall subscription improved to 1.73 times showing steady progress
• QIB portion demonstrating strong interest at 4.48 times
• Retail investors participation growing to 0.84 times
• NII segment showing measured approach at 0.14 times
• Day two maintaining consistent momentum
• Institutional participation driving subscription
• Market response indicating selective interest
• Subscription trends showing focused approach
• QIB backing providing strong foundation
• Total applications showing gradual increase
• Second day establishing subscription pattern
• Balanced participation across categories
• Investor interest reflecting sector outlook
• Day two building on opening momentum

Maxvolt Energy IPO - Day 1 Subscription at 0.56 Times

Key Highlights:

• Overall subscription opened at 0.56 times showing measured start
• QIB portion beginning strongly at 1.03 times
• NII segment showing early interest at 0.41 times
• Retail investors starting at 0.36 times
• Opening day demonstrating strategic approach
• Initial momentum indicating selective interest
• QIB participation showing early confidence
• First day setting subscription baseline
• Market response reflecting careful evaluation
• Early applications showing focused interest
• Day one establishing steady foundation
• Initial response aligned with sector dynamics
• Opening momentum building gradually
• First day indicating measured approach

About Maxvolt Energy Industries Limited

Maxvolt Energy Industries Limited, established in 2019, has emerged as a specialized manufacturer of lithium-ion batteries, serving the growing electric vehicle and energy storage sectors. The company's comprehensive product portfolio includes customized battery packs for e-scooters, e-rickshaws, e-cycles, and various electronic gadgets, marketed under the "MaxVolt Energy" brand through a network of dealers, distributors, and OEMs.

Their business model combines in-house manufacturing capabilities with strategic outsourcing, enabling them to offer both customized lithium-ion battery solutions and standard products. Their manufacturing facility features advanced machinery, rigorous safety measures, and comprehensive testing laboratories, ensuring quality control throughout the production process from raw material procurement to final product dispatch.

Their financial performance shows remarkable growth with revenue increasing from ₹13.92 crores in FY2023 to ₹48.79 crores in FY2024, while profit after tax rose significantly from ₹0.28 crores to ₹5.21 crores. For the six months ended September 30, 2024, the company reported revenue of ₹41.09 crores with a PAT of ₹4.77 crores, demonstrating strong operational efficiency in the rapidly evolving electric vehicle battery sector.

Their competitive strengths include:

• Comprehensive quality assurance systems
• Extensive dealership network across states
• Experienced promoters and management
• Diverse product portfolio
• Advanced manufacturing capabilities
• Efficient resource utilization
• Custom product development expertise
• Strategic market positioning
• Strong R&D capabilities
• Integrated quality control
   

Highlights of the Maxvolt Energy IPO:

• IPO type: Book Built Issue SME IPO
• IPO size: ₹54.00 crores
• Fresh Issue: ₹43.20 crores
• Offer for Sale: ₹10.80 crores
• Face value: ₹10 per share
• Price band: ₹171 to ₹180 per share
• Lot size: 800 shares
• Minimum investment for retail investors: ₹144,000
• Minimum investment for HNI: ₹288,000 (2 lots)
• Market maker reservation: 1,52,000 shares
• Listing at: NSE SME
• IPO opens: February 12, 2025
• IPO closes: February 14, 2025
• Allotment date: February 17, 2025
• Refund initiation: February 18, 2025
• Credit of shares: February 18, 2025
• Listing date: February 19, 2025
• Lead Manager: Smart Horizon Capital Advisors Private Limited
• Registrar: Bigshare Services Pvt Ltd
• Market Maker: Rikhav Securities Limited