Maxvolt Energy IPO, Feb. 12 -- The initial public offering (IPO) of lithium-ion batteries manufacturer Maxvolt Energy Industries opened for subscription on Wednesday, February 12, and will remain so until Friday, February 14.

The Rs.54 crore NSE SME IPO combines a fresh issue of 24 lakh shares for Rs.43.20 crore and an offer for sale (OFS) of six lakh shares for Rs.10.80 crore.

The SME IPO is witnessing a tepid response from retail and non-institutional buyers. By 1 PM on Wednesday, the issue had seen an overall subscription of about 47 per cent, with the retail portion subscribed 19 per cent and non-institutional investors' (NIIs) segment subscribed to 39 per cent. The segment reserved for qualified institutional buyers (QIBs) had been...