Initial public offer of upto 30,00,000 equity shares of face value of Rs. 10/- each (the "equity shares") of maxvolt energy industries limited ("the company" or "MEIL" or "the issuer") at an offer price of Rs. 180 per equity share for cash, aggregating up to Rs. 54.00 crores comprising of fresh offer of up to 24,00,000 equity shares aggregating to Rs. 43.20 crores ("Fresh offer") and an offer for sale of up to 6,00,000 equity shares by Preeti Gupta ("selling shareholder") aggregating to Rs. 10.80 crores ("offer for sale") ("public offer"). The offer includes a reservation of up to 1,52,000 equity shares of face value of Rs. 10/- each, at an offer price of Rs. 180 per equity share for cash, aggregating Rs. 2.74 crores will be reserved for subscription by the market maker to the offer (the "market maker reservation portion"). The public offer less market maker reservation portion i.e. net offer of up to 28,48,000 equity shares of face value of Rs. 10/- each, at an offer price of Rs. 180 per equity share for cash, aggregating upto Rs. 51.26 crores is herein after referred to as the "Net Offer". The public offer and net offer will constitute 27.51% and 26.12% respectively of the post-offer paid-up equity share capital of the company. Price Band: Rs. 180 per equity share of face value of Rs. 10 each. The Floor price is 18 times the face value of the equity shares respectively. Bids can be made for a minimum of 800 equity shares and in multiple of 800 equity shares thereafter.