Maxwell Engineering Solutions
· SME · NSE
Price Band
₹150–158
Lot Size
800 shares
Issue Size
₹58 Cr
Min. Investment
₹2,52,800
Grey Market Premium
Unofficial and indicative — can change during the day
Cap price plus current GMP: ₹176 — arithmetic, not a forecast
Subscription Status
Subscription data will appear once bidding opens.
Maxwell Engineering SolutionsIPO: Overview & Key Facts
Maxwell Engineering Solutions IPO is an SME issue scheduled to open for subscription on 30 October 2026, listing on NSE. The price band is ₹150–₹158 per equity share, with a market lot of 800 shares. The total issue size is ₹58 Cr. At the upper price band, the minimum application for an individual investor is 2 lots (1,600 shares), amounting to ₹2,52,800 — SME issues require individual investors to bid for at least two lots.
Maxwell Engineering Solutions IPO GMP Today
The latest grey market premium (GMP) reported for Maxwell Engineering Solutions IPO is ₹18, about 11.39% over the upper price band of ₹158. Cap price plus GMP works out to ₹176 — arithmetic, not a forecast. GMP is an unofficial, unregulated indicator quoted by off-market dealers; it moves with supply and demand and is not a guaranteed listing price. For how often it has been right, read our research on IPO GMP accuracy, or compare with GMP for all active IPOs.
How to Apply for Maxwell Engineering Solutions IPO & Check Allotment
Individual investors must apply for at least 2 lots (1,600 shares), about ₹2,52,800 at the upper price band. Applications are made through ASBA via net banking or the UPI mandate route with a registered stockbroker.
The registrar for this issue is KFin Technologies Ltd., with the basis of allotment scheduled for 4 November 2026 and listing expected on 6 November 2026. Once results are published, you can check your allotment status on our IPO Allotment Checker using your PAN or application number. If you are not allotted shares, the amount blocked in your bank account under ASBA is released after the basis of allotment is finalised.
Issue Objectives
- Financing the capital expenditure requirement towards Purchase of New Machineries, Lab Equipment & Other utilities for Manufacturing Facility
- Financing the capital expenditure requirement for construction of New Office Building and Manufacturing facility
- Repayment / prepayment, in full or part, of certain outstanding borrowings availed by Company
- Funding working capital requirements of Company
- General Corporate Purposes
Reservation
| Category | Shares Offered | % |
|---|---|---|
| QIB | 17,07,200 | 49.84% |
| − Anchor Investor | 10,24,000 | 0% |
| − QIB (Ex. Anchor) | 6,83,200 | 0% |
| NII (HNI) | 5,18,400 | 15.13% |
| − bNII > ₹10L | 3,45,600 | 0% |
| − sNII < ₹10L | 1,72,800 | 0% |
| Retail | 12,00,000 | 35.03% |
| Market Maker | 2,22,400 | 0% |
- QIB49.8%
- − Anchor Investor0.0%
- − QIB (Ex. Anchor)0.0%
- NII (HNI)15.1%
- − bNII > ₹10L0.0%
- − sNII < ₹10L0.0%
- Retail35.0%
- Market Maker0.0%
Market Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 1600 | ₹2,52,800 |
| Individual investors (IND) (Max) | 2 | 1600 | ₹2,52,800 |
| S-HNI (Min) | 3 | 2400 | ₹3,79,200 |
| S-HNI (Max) | 7 | 5600 | ₹8,84,800 |
| B-HNI (Min) | 8 | 6400 | ₹10,11,200 |
Financials (₹ Cr)
Valuations
EPS (Pre IPO)
11.80
EPS (Post IPO)
8.66
ROE
47.70%
Contact Details
Maxwell Engineering Solutions Ltd. Address
- 39176096385 4267
- cs@maxwells.in
- https://www.maxwells.in/
Registrar Contact Details
KFin Technologies Ltd.
- +91 40 6716 2222
- einward.ris@kfintech.com
- https://kfintech.com
- Selenium Tower B, Plot 31-32, Financial District, Nanakramguda, Hyderabad – 500032
Frequently Asked Questions
Key Dates
- Open Date
- 30 Oct 2026
- Close Date
- 03 Nov 2026
- Basis of Allotment
- 04 Nov 2026
- Listing Date
- 06 Nov 2026
Issue Details
- Registrar
- KFin Technologies
- Exchange
- NSE