Maxvolt Energy IPO Allotment Status: Check Latest GMP, Steps To Verify Status

The bidding for Maxvolt Energy IPO started on Feb 12, 2025, and concluded on Feb 14, 2025. The basis of allotment will be finalised today, Feb 17, 2025. Know the procedure to check the allotment status on NSE SME and registrar’s websites. 

Step-by-Step Procedure to Check Maxvolt Energy IPO Allotment Status Online On NSE

• Head to the NSE’s IPO allotment verification status page here. 
• Select “Equity & SME IPO bid details.”
• In Select Symbol, select “MAXVOLT.”
• Enter your PAN No. and application No.
• Click “Submit.”

Step-by-Step Procedure to Check Maxvolt Energy IPO Allotment Status On Bigshare Services Pvt Ltd

• Visit the Bigshare Services’ IPO allotment status page here. 
• Click any of the server links. 
• In Company Selection, select “Maxvolt Energy.”
• Enter either your Application Number, Beneficiary ID or PAN. 
• Enter Captcha and Click “Search.”

IPO Details

Maxvolt Energy IPO is a book-built issue of Rs 54.00 crores, combining a fresh issue of Rs 43.20 crores and an offer for sale (OFS) component of Rs 10.80 crores. The price band is set at ₹171 to ₹180 per share, and the tentative listing date on NSE SME is Feb 19, 2025.

Smart Horizon Capital Advisors Private Limited is the book-running lead manager for the issue, Bigshare Services Pvt Ltd is the registrar, and Rikhav Securities Limited is the market maker.

Use of Proceeds

The company will not receive any proceeds from the Offer for Sale by the Selling Shareholder(s). However, the net proceeds from the fresh issue will be used towards 

• Paying off outstanding borrowings
• Investing in capital expenditures
• Meeting general corporate requirements.

Maxvolt Energy IPO - Overall Subscription Status 

(February 14, 2025, end of the day)

Maxvolt Energy IPO was subscribed 2.20 times. Of these, 

• Retail investors subscribed 1.97 times, 
• Non-institutional investors (NII) subscribed 1.81 times, 
• Qualified Institutional Buyers (QIBs) subscribed 6.77 times.

GMP (Grey Market Premium) Details

As of February 17, 2025, the GMP for Maxvolt Energy IPO stood at Rs 0. This indicates expected percentage gain/loss per share is 0%.

Note: The Grey Market Premium (GMP) is not an official price and is based on market speculation.
Source: NDTV Profit dated February 17, 2024

Disclaimer: The GMP (Grey Market Premium) price is an unauthenticated market related news and has no discernible basis. The same quoted above is as per news appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade, or deal in the grey market nor we recommend or endorse trading in the grey market.

Maxvolt Energy Business Overview

Founded in 2019, MaxVolt Energy specialises in manufacturing lithium-ion batteries for various applications. With ISO 9001:2015 certified operations, the company also produce custom battery packs, graphene battery packs and battery chargers. 

Currently, they have the capacity to produce up to 97.2 MWh of batteries annually and their manufacturing facility, spanning 18,000 square feet, is located in Ghaziabad, Uttar Pradesh. 

Disclaimer: Investing in SME IPOs involves a high degree of risk. Such investments may be suitable only for investors with a high-risk tolerance and the ability to bear potential losses. Perform thorough due diligence and consult a financial advisor before investing. Invest wisely and at your own discretion.

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