GMP IPO Watch
Maxwell Engineering Solutions IPO
Maxwell Engineering Solutions IPO details, live grey market premium (GMP), dates, price band, lot size, subscription & review.
Maxwell Engineering Solutions IPO Details
Key facts at a glance| IPO Open Date | 29 October 2026 | IPO Close Date | 2 November 2026 |
|---|---|---|---|
| Basis of Allotment | 3 November 2026 | Listing Date | 5 November 2026 |
| Price Band | ₹150 - ₹158 per share | Face Value | ₹10 per share |
| Market Lot Size | 800 Shares | Min Investment (Retail) | ₹2,52,800 |
| Total Issue Size | ₹57.64 Cr | Issue Type | Book Built Issue IPO |
| Fresh Issue | ₹57.64 Cr | Offer for Sale (OFS) | — |
| Listing At | NSE SME | Issue Category | SME Issue |
| Registrar | Kfin Technologies Ltd. | ||
Maxwell Engineering Solutions IPO Timetable (Tentative Dates)
| Event | Tentative Date | Status |
|---|---|---|
| IPO Open Date | 29 October 2026 | Confirmed |
| IPO Close Date | 2 November 2026 | Confirmed |
| Basis of Allotment | 3 November 2026 | Tentative |
| Initiation of Refunds | 5 November 2026 | Tentative |
| Credit of Shares to Demat | 5 November 2026 | Tentative |
| IPO Listing Date | 5 November 2026 | Tentative |
| Cut-off time for UPI Mandate Confirmation | 3 November 2026 (5:00 PM) | Deadline |
* Note: Timelines are tentative and subject to regulatory confirmation. UPI mandate approvals must be completed by 5:00 PM on the IPO closing day.
Maxwell Engineering Solutions IPO Lot Size & Investment Details
Application limits for Retail and HNI investors| Application Category | Lots | Shares | Amount (at Cut-off) |
|---|---|---|---|
| Retail (Min) | 2 Lots | 1,600 Shares | ₹2,52,800 |
| Retail (Max) | 2 Lots | 1,600 Shares | ₹2,52,800 |
| S-HNI (Min) | 3 Lots | 2,400 Shares | ₹3,79,200 |
| S-HNI (Max) | 7 Lots | 5,600 Shares | ₹8,84,800 |
| B-HNI (Min) | 8 Lots | 6,400 Shares | ₹10,11,200 |
Maxwell Engineering Solutions IPO Live GMP & Movement History
Daily unofficial grey market trends₹70 +44.3%
| Date | IPO GMP (₹) | Estimated Listing Price | Estimated Listing Gain (%) |
|---|---|---|---|
| 31 Oct 2026 | ₹70 | ₹228.00 | +44.30% |
| 30 Oct 2026 | ₹70 | ₹228.00 | +44.30% |
| 29 Oct 2026 | ₹52 | ₹210.00 | +32.91% |
| 28 Oct 2026 | ₹27 | ₹185.00 | +17.09% |
Maxwell Engineering Solutions IPO Subscription Status
Demand breakdown by investor categoryMaxwell Engineering Solutions Company Financials
Restated figures (₹ in Crores)| Period | Total Assets | Total Revenue | Total Expenses | Profit After Tax (PAT) |
|---|---|---|---|---|
| 2024 | 8.51 Cr. | 10.87 Cr. | 7.04 Cr. | 3.16 Cr. |
| 2025 | 25.31 Cr. | 22.59 Cr. | 11.54 Cr. | 9.18 Cr. |
| 2026 | 47.55 Cr. | 30.76 Cr. | 16.36 Cr. | 11.86 Cr. |
| Jul 2026 | 51.79 Cr. | 12.25 Cr. | 8.58 Cr. | 3.05 Cr. |
* Amounts reported in ₹ Crores as sourced from company regulatory filings (RHP/DRHP).
Maxwell Engineering Solutions IPO Valuation & KPIs
Key metrics pre-issueMaxwell Engineering Solutions Peer Group Comparison
Listed industry peers| Company Name | P/E | EPS (₹) | RoNW (%) | NAV (₹) | Total Income |
|---|---|---|---|---|---|
| Kabra Extrusion Technik Ltd. | N.A. | -0.70 | -0.54% | 127.92 | – Cr. |
| Omnitech Engineering Ltd | 99.00 | 6.42 | 11.28% | 55.36 | – Cr. |
| Sunita Tools Ltd. | 100.65 | 10.53 | 10.80% | 112.10 | – Cr. |
About Maxwell Engineering Solutions
Maxwell Engineering Solutions is a precision engineering company engaged in the business of manufacturing, trading, and servicing critical components for underwater pelletizing systems. The company manufactures pelletizing die plates, pelletizing blades and knives, blade holders or cutter hubs, tapped driving bushes, and related spare items. It generates revenue primarily through the sale of these manufactured precision components, selective trading of complementary spare items, and provision of services including used die plate refurbishment and repair, intermediary marketing support, and management consulting. Serving diverse applications across polymer compounding, masterbatches, engineering plastics, cable compounds, specialty polymers, and plastics recycling industries, the company operates an owned manufacturing facility in Vadodara equipped with modern CNC and VMC machinery and testing systems. Additionally, it undertakes customized manufacturing to customer specifications and supplies products on a white-label basis, serving customers across India and over twenty international markets.
Maxwell Engineering Solutions IPO Important Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 30 Oct 2026 |
| IPO Close Date | 03 Nov 2026 |
| Basis of Allotment | 04 Nov 2026 |
| Refunds | 05 Nov 2026 |
| Credit to Demat Account | 05 Nov 2026 |
| IPO Listing Date | 06 Nov 2026 |
Note: The timeline for Maxwell Engineering Solutions IPO is tentative and subject to change.
Maxwell Engineering Solutions Objects of the Issue & Utilisation of Proceeds
| Purpose | Crores |
|---|---|
| Purchase of new machineries, lab equipment, and other utilities | 18 (31.23%) |
| Construction of new office building and manufacturing facility | 6.5 (11.28%) |
| Repayment or pre-payment of certain borrowings | 4.3 (7.46%) |
| Funding working capital requirements | 14 (24.29%) |
| General corporate purposes | 14.84 (25.74%) |
Note: Objectives are as specified in the DRHP/RHP documents of Maxwell Engineering Solutions.
Maxwell Engineering Solutions Company Financial Report
| Period | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | 10.87 Cr. | 7.04 Cr. | 3.16 Cr. | 8.51 Cr. |
| 2025 | 22.59 Cr. | 11.54 Cr. | 9.18 Cr. | 25.31 Cr. |
| 2026 | 30.76 Cr. | 16.36 Cr. | 11.86 Cr. | 47.55 Cr. |
| Jul 2026 | 12.25 Cr. | 8.58 Cr. | 3.05 Cr. | 51.79 Cr. |
Note: Financial numbers for Maxwell Engineering Solutions are in ₹ Crores unless stated otherwise.
Maxwell Engineering Solutions Company Valuation & Key Performance Indicators
| KPI | Values |
|---|---|
| ROE | 62.63% |
| ROCE | 38.46% |
| EBITDA Margin | 51.58% |
| PAT Margin | 40.28% |
| Debt to Equity Ratio | - |
| Earning Per Share (EPS) | 11.80 (Basic) |
| Price/Earning P/E Ratio | - |
| Return on Net Worth (RoNW) | 47.70% |
| Net Asset Value (NAV) | 24.74 |
Note: Valuation KPIs for Maxwell Engineering Solutions are computed for FY2026.
Maxwell Engineering Solutions Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Kabra Extrusion Technik Ltd. | -0.70 | N.A. | -0.54% | 127.92 | – Cr. |
| Omnitech Engineering Ltd | 6.42 | 99.00 | 11.28% | 55.36 | – Cr. |
| Sunita Tools Ltd. | 10.53 | 100.65 | 10.80% | 112.10 | – Cr. |
Note: Peer group comparisons for Maxwell Engineering Solutions are sourced from DRHP filings.
Maxwell Engineering Solutions IPO FAQs
Maxwell Engineering Solutions IPO opens for subscription on 29 October 2026 and closes on 2 November 2026.
The price band for Maxwell Engineering Solutions IPO is set at ₹150.00 to ₹158.00 per share.
The minimum market lot size is 800 shares. A retail investor can apply for a minimum of 1 lot requiring an investment of 1,600 Shares (₹2,52,800).
The latest Grey Market Premium (GMP) for Maxwell Engineering Solutions IPO is ₹70. GMP represents the unofficial premium at which shares trade prior to listing.
The basis of allotment for Maxwell Engineering Solutions IPO is tentatively scheduled for 3 November 2026, and shares are expected to list on the stock exchanges on 5 November 2026.
Kfin Technologies Ltd. is the official registrar for Maxwell Engineering Solutions IPO. Investors can check their IPO allotment status directly on the registrar's portal once finalized.