Maxvolt Energy IPO Sees Strong Demand with 3.23x Subscription

Maxvolt Energy's SME IPO witnessed a robust response, getting subscribed 3.23 times by the end of day three. The retail portion was booked 1.97 times, while the non-institutional investors (NIIs) segment saw a 1.45x subscription. Meanwhile, the qualified institutional buyers (QIBs) segment led with an impressive 6.76x subscription. The IPO, priced between ₹171-₹180 per share, aims to raise ₹54 crore to fund capital expenses, repay borrowings, and support corporate growth. The IPO allotment is expected by February 17, with listing on NSE SME scheduled for February 19.