Maxwell Engineering Solutions Limited IPO
closed · NSE · Bookbuilding IPO
Maxwell Engineering Solutions Limited IPO was a ₹57.64 crore book-built issue on NSE with a price band of ₹150–₹158 per share, open for bidding from 30 Oct 2026 to 3 Nov 2026.
Last updated: · How we collect data
Company overview
- Website
- https://www.maxwells.in/
IPO overview
Maxwell Engineering Solutions Limited raised ₹57.64 crore through a book-built issue, made up entirely of new shares, so the proceeds go to the company.
Bids were accepted within a price band of ₹150–₹158 per share; the final issue price is set within this band after bidding closes.
Applications were made in lots of 800 shares, so one lot costs ₹1,26,400 at the upper end of the price band.
The shares are proposed to be listed on NSE.
JDA Capital Services Ltd. was the book-running lead manager and Kfin Technologies Ltd. is the registrar, which processes applications, allotment and refunds.
Stated objects of the issue: 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.
- Issue type
- Bookbuilding IPO
- Issue structure
- Fresh capital only
- Issue size
- ₹57.64 crore
- Price
- ₹150–₹158 per share
- Lot size
- 800 shares
- Minimum investment (1 lot)
- ₹1,26,400
- Exchange
- NSE
- Lead manager
- JDA Capital Services Ltd.
- Registrar
- Kfin Technologies Ltd.
IPO timeline
- Bidding opens 30 Oct 2026
- Bidding closes 3 Nov 2026
- Basis of allotment 4 Nov 2026
- Refunds / unblocking 5 Nov 2026
- Shares credited to demat 5 Nov 2026
- Listing 6 Nov 2026
Bidding ran from 30 Oct 2026 to 3 Nov 2026.
After bidding, the basis of allotment is due on 4 Nov 2026, refunds / unblocking of funds are due on 5 Nov 2026 and shares are due to be credited to demat accounts on 5 Nov 2026.
Listing is scheduled for 6 Nov 2026.
Subscription summary
By the close of bidding, the issue was subscribed 536.79× overall (last figure recorded 3 Nov 2026).
By category: qualified institutional buyers (QIB) 259.45×, non-institutional investors (NII) 857.64× and retail investors 556.09×.
Recorded day by day: 30 Oct 4.67×, 2 Nov 80.34× and 3 Nov 536.79×.
Bids were received for 536.79× the shares available, so not every applicant in an oversubscribed category will receive shares.
| Category | Subscribed (as of 3 Nov 2026) |
|---|---|
| QIB | 259.45× |
| NII | 857.64× |
| Retail | 556.09× |
| Overall | 536.79× |
Grey market premium (unofficial)
The last grey market premium (GMP) we recorded for this issue was ₹80 on 3 Nov 2026, equal to 50.6% of the upper price band.
Across 6 readings between 29 Oct 2026 and 3 Nov 2026, the quoted GMP ranged from ₹52 to ₹80.
- GMP is unofficial: it is not published or verified by NSE, BSE or SEBI, changes quickly, and is not a forecast or guarantee of the listing price.
Allotment
Allotment status should become available on or after 4 Nov 2026.
The registrar, Kfin Technologies Ltd., processes allotment; check status on its website or the exchange's application-status page.
Offer documents
Where the offer document differs from any figure on this page, the document prevails.
Sources and data methodology
NSE & BSE public-issue data; Chittorgarh and InvestorGain (fill gaps only); InvestorGain live subscription report (third-party); InvestorGain grey market report (unofficial); Chittorgarh allotment calendar. Methodology · Report an error
Tools
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