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Maxwell Engineering Solutions

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IPO Closes in

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IPO Timeline

Issue open date

30 Oct 2026

Issue close date

3 Nov 2026

UPI mandate deadline

3 Nov 2026

Allotment finalization

4 Nov 2026

Refund initiation

5 Nov 2026

Share credit

5 Nov 2026

Listing date

6 Nov 2026

Mandate end date

18 Nov 2026

Lock-in end date for anchor investors (50%)

3 Dec 2026

Lock-in end date for anchor investors (remaining)

1 Feb 2027

Grey Market Premium Trend

₹70
Current GMP
₹228
Est. Listing Price
44.3%
Est. Listing Gain
₹150 - ₹158
Price Band

GMP History

DateGMP (₹)Est. Listing Price (₹)Est. Listing Gain
29 Oct₹70₹22844.30%
28 Oct₹70₹22844.30%
27 Oct₹43₹20127.22%
26 Oct₹27₹18517.09%
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IPO Subscription Status

CategoryTimesAllotment Chances
HNIs (Total)2.4540.8%
bHNI1.7955.9%
sHNI3.7526.7%
QIBs0-
Retail5.06🔥19.8%
Last updated: 30 October'26 02:29PM

Key Dates

Open
30 Oct 2026
Close
3 Nov 2026
Listing
6 Nov 2026

Quick Stats

Issue Size:58cr
Lot Size:800 shares

About the Company

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.

Strengths

  • Experienced promoters with over 22 years of industry leadership.
  • Diversified global customer reach spanning over 20 countries.
  • High customer retention through customized engineering and quality service.
  • Robust modern manufacturing facility equipped with advanced CNC and VMC machinery.
  • In-house R&D capabilities developing specialized, large-format die plates.

Risks

  • High supplier concentration with top ten suppliers driving most purchases.
  • Absence of long-term supply agreements exposes the business to cost volatility.
  • Susceptibility to raw material price fluctuations and supply disruptions.
  • Substantial dependence on export markets exposes operations to global risks.
  • Capital expenditure execution delays could result in cost and time overruns.

Maxwell Engineering Solutions IPO – Frequently Asked Questions

  • The price band for the Maxwell Engineering Solutions IPO is set at ₹150 to ₹158 per share.
  • The Maxwell Engineering Solutions IPO opens on October 30, 2026 and closes on November 3, 2026.
  • The tentative listing date for the Maxwell Engineering Solutions IPO is November 6, 2026.
  • You can apply for the Maxwell Engineering Solutions IPO via your broker or bank using ASBA or UPI. Log in to your trading app (Zerodha, Upstox, Groww, etc.), select IPO section, choose Maxwell Engineering Solutions, enter lot quantity and UPI ID, then approve the mandate.
  • The lot size for the Maxwell Engineering Solutions IPO is 800 shares. Investors must apply for at least one lot (i.e., 800 shares).