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Maxwell Engineering Solutions IPO is scheduled to open from 30 Oct 2026 to 03 Nov 2026 . The SME IPO has a price band of ₹150-₹158 per share , with a minimum lot size of 800 shares . Allotment is expected on 04 Nov 2026 and listing on 06 Nov 2026 .
Maxwell Engineering Solutions IPO tentative timeline covering IPO opening, closing, basis of allotment, refunds, demat credit, and listing dates.
| Event | Date |
|---|---|
| IPO Open Date | 30 Oct 2026 |
| IPO Close Date | 03 Nov 2026 |
| Basis of Allotment | 04 Nov 2026 |
| Initiation of Refunds | 05 Nov 2026 |
| Credit of Shares to Demat | 05 Nov 2026 |
| Listing Date | 06 Nov 2026 |
Issue Size
3,648,000 shares
(aggregating up to ₹58.12 Cr)
Issue Price
₹150 – ₹158
Face Value
₹10/share
Market Lot
800 shares
Retail Min Investment
₹252,800
Listing At
NSE
Sale Type
fresh issue
Fresh Issue
3,425,600 shares
(aggregating up to ₹54.12 Cr)
Offer for Sale
[.]
Reserved for Market Maker
222,400 shares
(aggregating up to ₹4.00 Cr)
Issue Type
book building
Open Date
30 Oct
Close Date
03 Nov
Allotment
04 Nov
Listing
06 Nov
Last updated: 7 hours ago
| Date | IPO Issue Price (₹) | GMP (₹) | Est. Listing Price (₹) | Est. Profit Amount (₹) | Est. Profit % | Last Updated |
|---|---|---|---|---|---|---|
| 30 Oct 2026 Latest | ₹158 | ₹70 | ₹228 | ₹70 |
44.3%
|
12:30 AM |
| 30 Oct 2026 | ₹158 | ₹70 | ₹228 | ₹70 |
44.3%
|
12:00 AM |
Showing the 2 most recent GMP entries.
Maxwell Engineering Solutions IPO GMP today & full historyNo snapshot available yet.
Rajkumar Chaudhary, Vinubhai Kanjibhai Chavda, Ria Rajkumar Chaudhary
New to lot sizes and investment limits? Read our guide on IPO lot size and minimum investment.
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 1,600 | ₹252,800 |
| Retail (Max) | 2 | 1,600 | ₹252,800 |
| S-HNI (Min) | 3 | 2,400 | ₹379,200 |
| S-HNI (Max) | 7 | 5,600 | ₹884,800 |
| B-HNI (Min) | 8 | 6,400 | ₹1,011,200 |
Want to understand how IPO shares are divided between investor categories? Read our guide on IPO reservation structure.
| Category | Shares Offered |
|---|---|
| QIB Shares Offered | 1,707,200 (46.80%) |
|
•
Anchor Investor Shares Offered
|
1,024,000 (28.07%) |
|
•
QIB (Ex. Anchor) Shares Offered
|
683,200 (18.73%) |
| NII (HNI) Shares Offered | 518,400 (14.21%) |
|
•
bNII > ₹10L
|
345,600 (9.47%) |
|
•
sNII < ₹10L
|
172,800 (4.74%) |
| Retail Shares Offered | 1,200,000 (32.89%) |
| Market Maker Shares Offered | 222,400 (6.10%) |
| Total Shares Offered | 3,648,000 (100.00%) |
Maxwell Engineering Solutions Limited is based in Vadodara, Gujarat, with its registered office at Waghodia GIDC. It works in the engineering sector.
The company filed a DRHP with BSE SME on 30 September 2025 for an SME book-built IPO. The issue was a fresh issue of up to 0.37 crore equity shares of face value Rs 10 each, with no offer for sale, and the DRHP was withdrawn on 8 December 2025. One IPO tracker reports a fresh filing in August 2026, and the price band, issue size and issue dates have not been announced. Net proceeds in the original filing were to be used for funding working capital requirements and general corporate purposes. Business description, revenue and profit figures were not available at the time of writing.
Standalone · ₹ in Crores
| Particulars | FY Mar 2025 | FY Mar 2026 | FY Jul 2026 |
|---|---|---|---|
| Total Revenue | 22.59 | 30.76 | 12.25 |
| Profit After Tax (PAT) | 9.18 | 11.86 | 3.05 |
| EBITDA | 11.69 | 15.19 | 4.29 |
| Total Assets | 25.31 | 47.55 | 51.79 |
| Net Worth | 13.01 | 24.87 | 27.92 |
| Reserves & Surplus | 10.25 | 14.82 | 17.87 |
| Total Borrowing | 8.6 | 16.73 | 15.77 |
Revenue & Profit Trend
Key ratios per fiscal period
| Particulars | Mar 2026 | Jul 2026 |
|---|---|---|
| RoE Return on Equity Shows how much profit the company makes on the money shareholders have put in. 15% to 20% is healthy in most industries. | 62.63% | 11.56% |
| RoCE Return on Capital Employed Shows the profit earned on all the money used, shareholder funds plus loans. Matters most for factory and infrastructure heavy companies. | 38.46% | 9.87% |
| RoNW Return on Net Worth Shows the profit earned on the company's own net worth. Steady or rising over 3 years is a good sign. | 47.7% | 10.93% |
| PAT Margin Profit After Tax Margin Out of every ₹100 of sales, how much the company keeps after paying all costs, loan interest and tax. | 40.28% | 25.7% |
| EBITDA Margin Earnings Before Interest, Tax, Depreciation and Amortisation Margin Profit from the main business as a share of sales, before loan interest and tax. Compare it with other companies in the same industry. | 51.58% | 36.11% |
| Debt / Equity Debt to Equity How much the company has borrowed against what shareholders own. Above 1x means the loans are bigger than shareholder funds. | 0.67x | 0.56x |
| P/BV Price to Book Value Tells you if the IPO price is above what the company actually owns. 1x to 3x is usually seen as reasonable. | 6.39x | 5.69x |
Issue-level · at the upper price band
| Particulars | Pre-IPO | Post-IPO |
|---|---|---|
| EPS Earnings Per Share Profit the company earns on each share. Post-IPO EPS is usually lower because the issue adds new shares. | ₹11.8 | ₹6.68 |
| P/E Price to Earnings Tells you if the IPO price is fair for what the company earns. Compare it with listed companies in the same sector. | 13.39x | 23.65x |
| Market Cap Market Capitalisation What the whole company is valued at, at the upper price band. Post-IPO counts the new shares the issue creates. | ₹159 Cr | ₹216 Cr |
The basis of allotment for Maxwell Engineering Solutions IPO is scheduled for 04 Nov 2026. You can check your allotment status using your PAN number or application number on the KFin Technologies Limited portal or BSE.
The Maxwell Engineering Solutions IPO is expected to open in Oct 2026, subject to SEBI approval. Final dates will be updated once announced officially.
The price band for Maxwell Engineering Solutions IPO is ₹150.00 - ₹158.00 per share.
As per market sources, Maxwell Engineering Solutions IPO GMP is currently ₹70.00. GMP is tracked daily in the grey market. GMP indicates unofficial demand but does not guarantee listing gains.
The subscription status for Maxwell Engineering Solutions IPO is being updated. Check the latest subscription figures by category (Retail, QIB, NII) for real-time updates.
The listing date for Maxwell Engineering Solutions IPO is 06 Nov 2026.
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