Maxwell Engineering IPO Details
| IPO Open Date | October 30, 2026 |
| IPO Close Date | November 3, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹150 to ₹158 Per Share |
| Issue Size | Approx ₹57.64 Crores |
| Fresh Issue | Approx ₹57.64 Crores |
| Offer for Sale: | Approx [.] Equity Shares |
| Issue Type | Book Building Issue |
| IPO Listing | NSE SME |
| DRHP Draft Prospectus |  |
| RHP Draft Prospectus | |
Maxwell Engineering Solutions IPO Market Lot
The Maxwell Engineering Solutions IPO minimum market lot is 1600 shares with ₹2,52,800 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 1600 | ₹2,52,800 |
| Retail Maximum | 2 | 1600 | ₹2,52,800 |
| S-HNI Minimum | 3 | 2400 | ₹3,79,200 |
| S-HNI Maximum | 7 | 5600 | ₹8,84,800 |
| B-HNI Minimum | 8 | 6400 | ₹10,11,200 |
IPO Reservation
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 50% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 35% |
Maxwell Engineering Solutions IPO Anchor Investors
| Anchor Bidding Date | 2026 |
| Anchor Investors List | |
| Shares Offered | [.] Shares |
| Anchor Size | [.] Cr. |
| lock-in period end date 50% shares (30 Days) | 2026 |
| lock-in period end date 50% shares (90 Days) | 2026 |
Maxwell Engineering Solutions IPO Dates
The Maxwell Engineering Solutions IPO date is August 5 and the close date is August 7. The Maxwell Engineering Solutions IPO allotment will be finalized on August 10 and the IPO listing on August 12.
| IPO Open Date: | October 30, 2026 |
| IPO Close Date: | November 3, 2026 |
| Basis of Allotment: | November 4, 2026 |
| Refunds: | November 5, 2026 |
| Credit to Demat Account: | November 5, 2026 |
| IPO Listing Date: | November 6, 2026 |
Promoters and Holding Pattern
The promoters of the company are Rajkumar Chaudhary, Vinubhai Kanjibhai Chavda and Ria Rajkumar Chaudhary.
| Particular | Pre IPO Shares | Pre IPO % Shares | Post IPO Shares | Post IPO % Shares |
| Promoter and Promoter Group | – | 97.26% | – | 71.36% |
| Others* | – | 2.74% | – | 28.64% |
| Total | 1,00,50,275 | 100% | 1,36,98,275 | 100% |
Objects of the Issue & Utilisation of Proceeds
| Purpose | Crores |
| Financing the capital expenditure requirement towards Purchase of New Machineries, Lab Equipment & Other utilities for Manufacturing Facility | ₹18.00 |
| Financing the capital expenditure requirement for construction of New Office Building and Manufacturing facility | ₹6.50 |
| Repayment / prepayment, in full or part, of certain outstanding borrowings availed by Company | ₹4.30 |
| Funding working capital requirements of Company | ₹14.00 |
| General Corporate Purposes | ₹- |
About Maxwell Engineering Solutions
To be updated soon
Company Financials
Amount ₹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2024 | ₹10.87 | ₹7.04 | ₹3.16 | ₹8.51 |
| 2025 | ₹22.59 | ₹11.54 | ₹9.18 | ₹25.31 |
| 2026 | ₹30.76 | ₹16.36 | ₹11.86 | ₹47.55 |
| Jul 2026 | ₹12.25 | ₹8.58 | ₹3.05 | ₹51.79 |
Company Valuation – FY2026
Check Maxwell Engineering Solutions IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| 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: | N/A |
| Return on Net Worth (RoNW): | 47.70% |
| Net Asset Value (NAV): | ₹24.74 |
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. |
IPO Lead Managers aka Merchant Bankers
- JDA Capital Services Ltd.
Company Address
Maxwell Engineering Solutions Ltd.
Plot 939 & 940
Waghodia GIDC
Vaghodia
Vadodara, Gujarat, 391760
Phoone: 96385 42674
Email: [email protected]
Website: https://www.maxwells.in/
IPO Registrar
Kfin Technologies Ltd.
Phone: 040-79615565
Email: [email protected]
Website: https://ipostatus.kfintech.com/
Maxwell Engineering Solutions IPO FAQs
What is Maxwell Engineering Solutions IPO?
Maxwell Engineering Solutions IPO is SME IPO. The company is going to raise ₹57.64 Crores via IPO. The issue is priced at ₹150 to ₹158 per equity share. The IPO is to be listed on NSE SME.
When Maxwell Engineering Solutions IPO will open for subscription?
The IPO is to open on October 30, 2026 for QIB, NII, and Retail Investors. The IPO will close on November 3, 2026.
What is Maxwell Engineering Solutions IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
How to Apply the Maxwell Engineering Solutions IPO?
You can apply for Maxwell Engineering Solutions IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
What is Maxwell Engineering Solutions IPO Issue Size?
Maxwell Engineering Solutions IPO issue size is ₹57.64 crores.
What is Maxwell Engineering Solutions IPO Price Band?
Maxwell Engineering Solutions IPO Price Band is ₹150 to ₹158.
What is Maxwell Engineering Solutions IPO Lot Size?
The minimum bid is 1600 Shares with ₹2,52,800 amount.
What is the Maxwell Engineering Solutions IPO Allotment Date?
Maxwell Engineering Solutions IPO allotment date is November 4, 2026.
What is the Maxwell Engineering Solutions IPO Listing Date?
Maxwell Engineering Solutions IPO listing date is November 6, 2026. The IPO is to list on NSE SME.
Note: The Maxwell Engineering Solutions IPO price band and date are officially announced. The (Maxwell Engineering IPO grey market premium) will be added to the IPO GMP page as it will start).
