IPO profile
Maxwell Engineering Solutions Limited
MAXENGS · NSE
- Price band
- ₹150
- Subscription
- 491.39x
IPO at a Glance
Maxwell Engineering Solutions Limited is an SME IPO (NSE) at a fixed price of ₹150 per share, raising about ₹58 crore.
One lot is 800 shares, so the minimum application is about ₹1,20,000.
The shares listed on 6 Nov 2026.
It was subscribed 491.39x overall.
The listing price is not available yet.
Written automatically from the figures on this page. Each section below shows its source and update time.
Application & Issue Details
- Minimum Quantity
- 800 shares
- Minimum Application
- ₹1,20,000
- Issue Size
- ₹58 Cr
- Face Value
- Not available
- Issue Price
- ₹150
Company Overview
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.
Summary supplied by our IPO data provider (IPO Alert). The offer document (RHP) is the authoritative description of the company.
Important Dates
- Open Date
- 30 Oct 2026
- Close Date
- 3 Nov 2026
- Allotment Date
- 4 Nov 2026
- Listing Date
- 6 Nov 2026
Allotment Status
Issue Timeline
- Issue open date
- Issue close date
- UPI mandate deadline
- Allotment finalization
- Refund initiation
- Share credit
- Listing date
- Mandate end date
- Lock-in end date for anchor investors (50%)
- Lock-in end date for anchor investors (remaining)
Subscription
- Total subscribed
- 491.39x
Updated 3 Nov 2026, 7:00 pm · source: NSE official total (category figures not published for SME issues)
Day-wise subscription (times)
| Date | Total |
|---|---|
| 30 Oct (Day 1) | 4.17 |
| 2 Nov (Day 2) | 72.97 |
| 3 Nov (Day 3) | 491.39 |
Each day shows the last figures NSE published that day (Day 3: 3 Nov 2026, 7:00 pm).
Actual Listing Performance
Listed on 6 Nov 2026. The listing price is not available yet, so listing gains are not shown.
Company Strengths & Risks
Reported 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.
Key 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.
Strengths and risks are summaries supplied by our IPO data provider (IPO Alert), not IPONexa's opinion. Review the offer document for the complete risk factors.
Documents & Coverage
Sources: IPO details from IPO Alert, updated 5 Nov 2026, 8:08 pm IST · subscription: NSE official total (category figures not published for SME issues). About our data
Understand these numbers
- What is IPO GMP?Why GMP is unofficial and how the estimate is calculated.
- Subscription explainedQIB, NII and retail figures, and why BSE + NSE are combined.
- How allotment worksThe T+3 timeline, the retail lottery and where to check status.
- Listing gain calculationEstimated vs actual listing gain, and why real profit differs.
This page is for informational and educational purposes only. It is not investment advice and not a recommendation to buy, sell, or apply for this IPO. GMP is unofficial, and estimates are not guaranteed returns. Subscription and other figures may change or be delayed. Please make your own independent decision. Disclaimer