Voler Car IPO Sees 12.38x Subscription as Maxvolt Energy, P S Raj Steels Wrap Up Bidding

Voler Car's IPO received an overwhelming response, getting subscribed 12.38 times on the final bidding day, February 14. Meanwhile, P S Raj Steels and Maxvolt Energy Industries closed their IPOs with decent single-digit subscriptions. All three companies will finalize their share allotments by February 17, with equity trading set to commence on the NSE Emerge platform on February 19. Voler Car aimed to raise ₹27 crore with a price band of ₹85-₹90 per share.