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Latest GMP
- IPO Registrar
- KFin Technologies Limited
- IPO Open Date
- 30th Oct 2026
- IPO Close Date
- 3rd Nov 2026
- Allotment date
- 4th Nov 2026
- Listing date
- 6th Nov 2026
- Issue Size
- ₹ 58 Cr.
- Issue Price Band
- ₹ 150 to 158
- Lot Size
- 800 Share
- Minimum Investment
- ₹ 252800
Disclaimer: IPO details, GMP, subscription figures, and other related information are for informational purposes only and may not always be accurate or up to date. Please verify the latest details from official sources before investing.
About Maxwell Engineering Solutions Limited
Maxwell Engineering Solutions Limited is a precision engineering company engaged in manufacturing, trading and servicing critical components used in underwater pelletizing systems.
Its manufactured portfolio includes pelletizing die plates, pelletizing blades or knives, blade holders or cutter hubs, tapped driving bushes and other spare components.
The company also provides refurbishing and repair services, intermediary support and management consulting, and undertakes selective trading of complementary components.
It carries out customized and white-label manufacturing and uses selected job workers for specified machining, fabrication, welding, painting, heat-treatment, hardening and coating processes where required.
Its components serve applications across polymer compounding, masterbatches, engineering plastics, cable compounds, specialty polymers and plastics-recycling industries.
Revenue is generated across manufacturing, trading and service activities in domestic and export markets, with exports contributing 84.34% of revenue from operations in the period ended 31-Jul-2026.
IPO Subscription Details
| Category | Shares Offered | Shares Applied | Subscription Times (x) |
|---|---|---|---|
| QIB (Ex Anchor) | 6,83,200 (28.45%) | 0 | 0.00 |
| NII | 5,18,400 (21.59%) | 6,08,09,600 | 117.30 |
| bNII (> ₹10L) | 3,45,600 (14.39%) | 4,50,73,600 | 130.42 |
| sNII (< ₹10L) | 1,72,800 (7.20%) | 1,57,36,000 | 91.06 |
| Retail | 12,00,000 (49.97%) | 13,06,52,800 | 108.88 |
| Total | 24,01,600 (100.00%) | 19,14,62,400 | 79.72 |
Grey Market Premium (GMP)
| GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Profit* | Last Updated |
|---|---|---|---|---|---|
| 02-11-2026 | ₹158 | ₹70 | ₹228 ( 44.30% ) | ₹56,000.00 | 02-Nov-2026 10:36 AM |
| 31-10-2026 | ₹158 | ₹70 | ₹228 ( 44.30% ) | ₹56,000.00 | 31-Oct-2026 02:39 PM |
| 30-10-2026 | ₹158 | ₹70 | ₹228 ( 44.30% ) | ₹56,000.00 | 30-Oct-2026 10:06 AM |
| 29-10-2026 | ₹158 | ₹52 | ₹210 ( 32.91% ) | ₹41,600.00 | 29-Oct-2026 09:40 AM |
| 28-10-2026 | ₹158 | ₹27 | ₹185 ( 17.09% ) | ₹21,600.00 | 28-Oct-2026 10:20 AM |
| 27-10-2026 | ₹158 | ₹18 | ₹176 ( 11.39% ) | ₹14,400.00 | 27-Oct-2026 04:32 PM |
Financials of Maxwell Engineering Solutions Limited
A quick overview of the key Financial Performance of Maxwell Engineering Solutions Limited.
Total Assets (₹ Cr)
Revenue (₹ Cr)
Profit after Tax (₹ Cr)
*All values are in Rs. Cr
Company Financials
Revenue decreased by 60%, Profit after Tax (PAT) decreased by 74%, Total Assets increased by 9% between FY2026 and FY2027 (Jul).
| Period Ended | FY2024 | FY2025 | FY2026 | FY2027 (Jul) |
|---|---|---|---|---|
| Revenue | 10.54 | 22.10 | 29.45 | 11.88 |
| Assets | 8.51 | 25.31 | 47.55 | 51.79 |
| Total Income | 10.87 | 22.59 | 30.76 | 12.25 |
| Profit After Tax | 3.16 | 9.18 | 11.86 | 3.05 |
| EBITDA | 4.25 | 11.69 | 15.19 | 4.29 |
| Net Worth | 3.33 | 13.01 | 24.87 | 27.92 |
| Reserves & Surplus | 3.32 | 10.25 | 14.82 | 17.87 |
| Total Borrowings | 3.19 | 8.60 | 16.73 | 15.77 |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual Investors (IND) (Min) | 2 | 1,600 | ₹ 2,52,800 |
| Individual Investors (IND) (Max) | 2 | 1,600 | ₹ 2,52,800 |
| S-HNI (Min) | 3 | 2,400 | ₹ 3,79,200 |
| S-HNI (Max) | 7 | 5,600 | ₹ 8,84,800 |
| B-HNI (Min) | 8 | 6,400 | ₹ 10,11,200 |
Key Performance Indicators (KPI)
| KPI | Latest |
|---|---|
| ROE (%) | 11.56 |
| ROCE (%) | 9.87 |
| Debt / Equity | 0.56 |
| RoNW (%) | 10.93 |
| PAT Margin (%) | 25.7 |
| EBITDA Margin (%) | 36.11 |
|
Pre IPO
Post IPO
|
|
| EPS (₹) |
3.04
-
|
| P/E (x) |
-
-
|
| Promoter Holding (%) |
97.26
-
|
IPO Lead Manager(s)
Lead Manager Details
- JDA Capital Services Limited (Formerly Known as Beeline Broking Limited)
- Contact Person: Deepak Sharma
- SEBI Registration Number: INM000012546
- Investor Grievance Email: mbd@jdacapital.in
- Website: https://www.jdacapital.in
- Email: mbd@jdacapital.in
- Phone: +91 9990523953
- Address: A 701-702, Samudra Complex, Near Girish Cold Drink, Off C. G. Road, Navrangpura, Ahmedabad, Gujarat - 380009, India
IPO Registrar
- Registrar Name
- KFin Technologies Limited
- maxwell.ipo@kfintech.com
- Phone
- +91 40 6716 2222
- Contact Person
- M. Murali Krishna
- SEBI Registration Number
- INR000000221
- Address
- 301, The Centrium, 3rd Floor, 57, Lal Bahadur Shastri Road, Nav Pada, Kurla (West), Mumbai - 400070, Maharashtra, India
- Website
- https://www.kfintech.com/
Company Contact Details
- Company Name
- Maxwell Engineering Solutions Limited
- cs@maxwells.in
- Phone
- +91 96385 42674
- Contact Person
- Krati Gupta
- Corporate Identity Number
- U29308GJ2022PLC135432
- Address
- Plot 939 & 940, Waghodia GIDC, Vaghodia, Vadodara - 391760, Gujarat, India
- Website
- http://www.maxwells.in/
Maxwell Engineering Solutions Limited FAQs
