Maxvolt Energy IPO Allotment Status

Summary

Maxvolt Energy Industries Limited, established in 2019, specializes in manufacturing lithium-ion batteries for electric vehicles, energy storage, and electronics. Operating under the "MaxVolt Energy" brand, the company produces customized battery packs and Graphene battery solutions through a network of dealers and distributors. With service centers across five states and a workforce of 97 personnel as of September 2024, they maintain comprehensive quality control from raw material procurement to final product delivery.

Maxvolt Energy IPO comes with a total issue size of ₹54.00 crore, comprising a fresh issue of ₹43.20 crore and an offer for sale of ₹10.80 crore. The IPO opened on February 12, 2025, and closed on February 14, 2025. The allotment date for the Maxvolt Energy IPO is expected to be finalized on Monday, February 17, 2025.
 

Steps to Check Maxvolt Energy IPO Allotment Status on Registrar Site

• Visit Bigshare Services Pvt Ltd website
• Select "Maxvolt Energy IPO" from the dropdown menu on the allotment status page
• Enter your PAN ID, Demat Account Number, or Application Number in the designated field
• Complete the captcha verification process and click on the "Submit" button to view your allotment status

Steps to Check Maxvolt Energy IPO Allotment Status on BSE/NSE

• Navigate to the NSE SME IPO Allotment Status Page
• Choose "Maxvolt Energy IPO" from the list of active IPOs in the dropdown menu
• Input your Application Number and PAN ID in the required fields
• Verify the captcha and click "Search" to check your allotment status

Maxvolt Energy IPO Subscription Status 

Maxvolt Energy IPO received moderate investor interest, being subscribed 3.23 times overall. Here is a category-wise breakdown of the subscription as of 6:55:01 PM on February 14, 2025:

• Retail Category: 1.97 times
• Qualified Institutional Buyers (QIB): 6.76 times
• Non-Institutional Investors (NII): 1.45 times

As of 6:55:01 PM

Utilization of IPO Proceeds 

The funds raised through the IPO will be utilized as follows:

• Debt Reduction: Repayment or prepayment of borrowings
• Capital Expenditure: Purchase of plant and machinery
• General Corporate Purposes: Supporting various business initiatives

Maxvolt Energy IPO - Listing Details 

The shares are scheduled to list on February 19, 2025, on NSE SME. The subscription rate of 3.23 times shows moderate investor interest in Maxvolt Energy's business model and growth prospects. The company has shown growth with revenue of ₹41.09 crore and profit after tax of ₹4.77 crore for the period ended September 30, 2024. While their focus on quality assurance, wide product range, and in-house manufacturing capabilities are strengths, investors should note the competitive nature of the lithium-ion battery sector and recent rapid growth in financial performance.