Maxwell Engineering Solutions IPO Date, Review, Price Band, Allotment & Listing Details (2026)
The Maxwell Engineering Solutions IPO opens on October 30, 2026, and closes on November 3, 2026. The company plans to raise approximately ₹57.64 crore through a fresh issue of 36,48,000 equity shares. The IPO price band is ₹150 to ₹158 per share, with a proposed listing on NSE Emerge.
Explore the IPO dates, price band, market lot, financial performance, review, GMP and allotment details below.
Maxwell Engineering Solutions IPO Highlights
Maxwell Engineering Solutions IPO Details
The following table covers the important details of the Maxwell Engineering Solutions IPO.
| IPO Name | Maxwell Engineering Solutions IPO |
|---|---|
| IPO Open Date | October 30, 2026 |
| IPO Close Date | November 3, 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹150 to ₹158 per share |
| Issue Size | Approximately ₹57.64 crore |
| Fresh Issue | 36,48,000 shares |
| Offer for Sale | Nil |
| Issue Type | Book Building Issue |
| Listing Exchange | NSE Emerge |
| Market Lot | 800 shares |
| Minimum Retail Application | 1,600 shares |
| Minimum Retail Amount | ₹2,52,800 |
| Allotment Date | November 4, 2026 |
| Refund Date | November 5, 2026 |
| Demat Credit Date | November 5, 2026 |
| Listing Date | November 6, 2026 |
| Lead Manager | JDA Capital Services Limited |
| Registrar | KFin Technologies Limited |
| RHP | Download RHP |
Maxwell Engineering Solutions IPO Market Lot
The IPO lot size is 800 shares. Retail investors need to apply for at least two lots, or 1,600 shares, at the upper price band of ₹158 per share.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 1,600 | ₹2,52,800 |
| Retail Maximum | 2 | 1,600 | ₹2,52,800 |
| S-HNI Minimum | 3 | 2,400 | ₹3,79,200 |
| S-HNI Maximum | 7 | 5,600 | ₹8,84,800 |
| B-HNI Minimum | 8 | 6,400 | ₹10,11,200 |
Application amounts are calculated using the upper price band of ₹158 per share.
Maxwell Engineering Solutions IPO Dates
| IPO Schedule | Date |
|---|---|
| Opening Date | October 30, 2026 |
| Closing Date | November 3, 2026 |
| Allotment Date | November 4, 2026 |
| Refund Initiation | November 5, 2026 |
| Demat Credit | November 5, 2026 |
| Listing Date | November 6, 2026 |
Maxwell Engineering Solutions IPO Review
Maxwell Engineering Solutions Limited operates in the precision engineering and industrial manufacturing sector. The company manufactures specialised components used in underwater pelletizing systems.
About Maxwell Engineering Solutions Limited
The company manufactures precision-engineered components such as pelletizing die plates, blades, blade holders, cutter hubs and other specialised industrial components.
Its products serve plastic recycling, polymer compounding, masterbatches, wires and cables, polyolefins and engineering plastics industries.
Maxwell Engineering Solutions IPO Financial Performance
| Particulars (₹ Crores) | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue | 10.54 | 22.10 | 29.45 |
| EBITDA | 4.25 | 11.69 | 15.19 |
| EBITDA Margin | 40.32% | 52.90% | 51.58% |
| PAT | 3.16 | 9.18 | 11.86 |
| PAT Margin | 29.98% | 41.52% | 40.28% |
| ROE | 180.58% | 112.32% | 62.63% |
| ROCE | 62.96% | 53.31% | 38.46% |
Source: Company RHP. Figures are rounded.
Objects of the Maxwell Engineering Solutions IPO
| Purpose | Amount |
|---|---|
| Purchase of machinery and equipment | Up to ₹18 crore |
| Construction of office and manufacturing facility | Up to ₹6.50 crore |
| Repayment of borrowings | Up to ₹4.30 crore |
| Working capital requirements | Up to ₹14 crore |
| General corporate purposes | As permitted |
Maxwell Engineering Solutions IPO Strengths and Risks
Strengths
- Consistent revenue and profit growth.
- International customer base.
- Specialised precision manufacturing capabilities.
- Experience in underwater pelletizing components.
Risks
- Dependence on export markets.
- Supplier concentration.
- Foreign exchange fluctuations.
- Working capital requirements.
- SME market liquidity and volatility.
Maxwell Engineering Solutions IPO GMP
The Grey Market Premium (GMP) is an unofficial indicator of market sentiment towards an IPO. It is not regulated by SEBI or stock exchanges and does not guarantee the listing price.
Maxwell Engineering Solutions IPO Allotment Status
The IPO allotment is expected to be finalised on November 4, 2026. Investors can check their allotment status through the official registrar’s website.
- Visit the KFin Technologies IPO Status website.
- Select Maxwell Engineering Solutions IPO.
- Select PAN, application number or Demat account details.
- Enter the required information.
- Submit to view your allotment status.
Check IPO Allotment Status ipostatus.kfintech.com
Maxwell Engineering Solutions IPO FAQs
Maxwell Engineering Solutions IPO is an SME IPO through which the company plans to raise approximately ₹57.64 crore through a fresh issue of 36,48,000 shares.
The IPO opens on October 30, 2026.
The IPO closes on November 3, 2026.
The price band is ₹150 to ₹158 per equity share.
The lot size is 800 shares. Retail investors must apply for at least two lots, or 1,600 shares.
The minimum retail investment is ₹2,52,800 at the upper price band.
The allotment is expected to be finalised on November 4, 2026.
The tentative listing date is November 6, 2026, on NSE Emerge.
KFin Technologies Limited is the official registrar.
Yes. It is an SME IPO proposed to be listed on NSE Emerge.
This article is for informational and educational purposes only and should not be considered investment advice or a recommendation to apply for the IPO. Investors should read the Red Herring Prospectus and evaluate the associated risks before investing.
