Mumbai, Feb. 19 -- The scrip was listed at 180, matching the initial public offer (IPO) price. The counter hit a high of Rs 182.05 and a low of Rs 180. About 8.74 lakh shares of the company changed hands at the counter.

Maxvolt Energy Industries' IPO was subscribed 3.06 times. The issue opened for bidding on 12 February 2025 and it closed on 14 February 2025. The price band of the IPO was set at Rs 171 to Rs 180 per share.

The issue size comprised fresh issue of 15,48,800 and offer for sale (OFS) of 6,00,000 shares by existing promoters.

The company intends to utilize the net proceeds for the repayment or prepayment, full or in part, of borrowings availed by the company from banks, financial institutions, and non-banking financial comp...