Maxwell Engineering Solutions IPO GMP today is Rs 70. Investors can use this GMP along with price band and subscription status for a better IPO review.
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Maxwell Engineering Solutions IPO GMP Today
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.
- IPO Price Band
- ₹150.00 - ₹158.00
- Lot Size
- 800 Shares
- Bidding Closes
- 03 Nov 2026
- Listing Date
- 06 Nov 2026
Quick Answer & Highlights
Maxwell Engineering Solutions IPO GMP Today & Key Takeaways
Last updated: 30 Oct 2026
As of 30 Oct 2026, the latest Grey Market Premium (GMP) for Maxwell Engineering Solutions IPO is ₹70, pointing to an estimated listing price of Est. ₹228 (+44.3% expected listing gain over the upper price band of Rs 158.00). The issue is currently open for public bidding until 03 Nov 2026, with a minimum retail investment of Rs 2,52,800 for 800 Shares.
As of 30 Oct 2026, the latest Grey Market Premium (GMP) for Maxwell Engineering Solutions IPO is ₹70, pointing to an estimated listing price of Est. ₹228 (+44.3% expected listing gain over the upper price band of ₹158.00). The issue is currently open for public bidding until 03 Nov 2026, with a minimum retail investment of ₹2,52,800 for 800 Shares.
| Key Metric | Figure | Status / Context |
|---|---|---|
| Current GMP | ₹70 | +44.3% vs upper band (30 Oct 2026) |
| Est. Listing Price | Est. ₹228 | +44.30% Est. Listing Gain |
| Price Band | ₹150.00 - ₹158.00 | SME IPO |
| Retail Minimum Investment | ₹2,52,800 | 2 Lot (800 Shares) |
| Bidding Window | 30 Oct 2026 – 03 Nov 2026 | Open |
| Allotment & Listing Dates | Allotment: 04 Nov 2026 | Listing: 06 Nov 2026 |
Current GMP Status
₹70
+44.3% vs upper band
Est. Listing Gain
+44.30%
Last Trend
30 Oct 2026
Listing Price
Est. ₹228
Retail Entry
₹2,52,800
IPO Details
Complete IPO information
| IPO Open Date | 30 Oct 2026 |
|---|---|
| IPO Close Date | 03 Nov 2026 |
| IPO Price Band | ₹150.00 - ₹158.00 |
| Lot Size | 800 Shares |
| Current GMP | ₹70 |
| Estimated Listing Gain | +44.30% |
| Issue Size | Approx ₹57.64 Cr |
| Fresh Issue | Approx ₹57.64 Cr |
| Issue Type | SME |
| IPO Listing | NSE SME |
| Retail Quota | TBA |
| Registrar | Kfin Technologies Ltd. |
| Overall Subscription | 4.64x |
| Minimum Investment | ₹2,52,800 |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |
Demand Tracker
Subscription Status
| Category | Shares Reserved | Shares Applied | Subscription (x) |
|---|---|---|---|
| QIB | 6.83 | 0 | 0xx |
| NII | 5.18 | 22.5 | 4.34xx |
| Overall Subscription | 24.02 | 111.36 | 4.64xx |
Day-wise demand
Maxwell Engineering Solutions IPO subscription status day-wise
| Day | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Day 1 (30 Oct) | 0x | 3.21x | 6.25x | 3.81x |
Subscription in times (x) at the end of each bidding day. Today's row updates through the day.
Analysis
IPO Snapshot & Investor Takeaways
At the upper end of its price band, Maxwell Engineering Solutions is priced at ₹158 per share. With a minimum lot size of 800 shares, a retail investor applying for one lot would need approximately ₹2,52,800 to participate in this SME issue.
The latest recorded Grey Market Premium for Maxwell Engineering Solutions stands at ₹70, implying an estimated listing gain of around 44.30% over the issue price if it holds until listing. This is up ₹18 from its previously recorded level. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
As of the latest update, Maxwell Engineering Solutions's IPO was subscribed 4.64x overall, with a category-wise breakdown of Retail 6.25x, QIB 0x, NII 4.34x.
SME IPOs list on the dedicated SME platform of BSE/NSE. They usually involve smaller issue sizes and a higher per-lot investment than Mainboard issues, with comparatively lower institutional participation.
Timeline
IPO roadmap at a glance
✓
Bidding Opens
30 Oct 2026
02
Bidding Closes
03 Nov 2026
03
Allotment Next
04 Nov 2026
04
Listing
06 Nov 2026
| Event / Milestone | Scheduled Date | Status |
|---|---|---|
| Bidding Opens | 30 Oct 2026 | Completed |
| Bidding Closes | 03 Nov 2026 | Active |
| Allotment | 04 Nov 2026 | Next Milestone |
| Listing | 06 Nov 2026 | Pending |
Grey Market Premium
Daily GMP status
| Date | GMP | Change | Gain |
|---|---|---|---|
| 30 Oct 2026 | ₹70.00 | +₹18.00 | 44.30% |
| 29 Oct 2026 | ₹52.00 | +₹25.00 | 32.91% |
| 28 Oct 2026 | ₹27.00 | - | 17.09% |
Swipe to see more →
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 Lot | 1,600 | ₹2,52,800 |
| Retail Maximum | 2 Lot | 1,600 | ₹2,52,800 |
| S-HNI Minimum | 3 Lot | 2,400 | ₹3,79,200 |
| S-HNI Maximum | 7 Lot | 5,600 | ₹8,84,800 |
| B-HNI Minimum | 8 Lot | 6,400 | ₹10,11,200 |
Swipe to see more →
Fund Utilization
Objects of the Issue & Official Documents
Analysis
Maxwell Engineering Solutions IPO Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 30 Oct 2026 |
| IPO Close Date | 03 Nov 2026 |
| Basis of Allotment | 04 Nov 2026 |
| Refunds | 05 Nov 2026 |
| Credit to Demat Account | 05 Nov 2026 |
| IPO Listing Date | 06 Nov 2026 |
Note: The timeline for Maxwell Engineering Solutions IPO is tentative and subject to change.
Analysis
Maxwell Engineering Solutions Objects of the Issue & Utilisation of Proceeds
| Purpose | Crores |
|---|---|
| Purchase of new machineries, lab equipment, and other utilities | 18 (31.23%) |
| Construction of new office building and manufacturing facility | 6.5 (11.28%) |
| Repayment or pre-payment of certain borrowings | 4.3 (7.46%) |
| Funding working capital requirements | 14 (24.29%) |
| General corporate purposes | 14.84 (25.74%) |
Note: Objectives are as specified in the DRHP/RHP documents of Maxwell Engineering Solutions.
Analysis
Maxwell Engineering Solutions Company Financials
| Period | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | 10.87 Cr. | 7.04 Cr. | 3.16 Cr. | 8.51 Cr. |
| 2025 | 22.59 Cr. | 11.54 Cr. | 9.18 Cr. | 25.31 Cr. |
| 2026 | 30.76 Cr. | 16.36 Cr. | 11.86 Cr. | 47.55 Cr. |
| Jul 2026 | 12.25 Cr. | 8.58 Cr. | 3.05 Cr. | 51.79 Cr. |
Note: Financial numbers for Maxwell Engineering Solutions are in ₹ Crores unless stated otherwise.
Analysis
Maxwell Engineering Solutions Company Valuation – FY2026
| 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 | - |
| Return on Net Worth (RoNW) | 47.70% |
| Net Asset Value (NAV) | 24.74 |
Note: Valuation KPIs for Maxwell Engineering Solutions are computed for FY2026.
Analysis
Maxwell Engineering Solutions IPO 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. |
Note: Peer group comparisons for Maxwell Engineering Solutions are sourced from DRHP filings.
Comparison
Maxwell Engineering Solutions IPO vs other open IPOs
| IPO | Issue price | GMP | Subscribed | Closes |
|---|---|---|---|---|
| Maxwell Engineering Solutions This IPO SME | ₹158 | ₹70 (+44.3%) | 4.64x | 03 Nov |
| Antala Industries Compare SME | ₹67 | TBA | 0.82x | 02 Nov |
| HGS (India) Compare SME | ₹120 | ₹19 (+15.8%) | 1.16x | 03 Nov |
| Johnsoncab Electricals Compare SME | ₹200 | ₹13 (+6.5%) | 1.06x | 03 Nov |
| Vectras Enprocon Compare SME | ₹105 | TBA | 1.11x | 03 Nov |
| Bombay Coated & Special Steels Compare Mainboard | ₹82 | ₹9 (+11.0%) | 3.78x | 02 Nov |
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Comparison
Compare Maxwell Engineering Solutions IPO with similar IPOs
FAQ
Maxwell Engineering Solutions IPO FAQs
Based on the latest Grey Market Premium (GMP) of Rs 70 and an issue price of Rs 158, the estimated listing price for Maxwell Engineering Solutions IPO is Rs 228.00 (approx 44.30% listing gain). Actual listing price is determined by market demand on the listing day.
Maxwell Engineering Solutions IPO price band is Rs 150.00 to Rs 158.00. Check the latest issue price, lot size and GMP together before applying.
Maxwell Engineering Solutions IPO open date is 30 Oct 2026, close date is 03 Nov 2026, and listing date is 06 Nov 2026.
Maxwell Engineering Solutions IPO lot size is 800 shares. The minimum retail investment is Rs 2,52,800.
Maxwell Engineering Solutions is classified as a SME IPO. This helps investors quickly understand the issue category and exchange segment.
Maxwell Engineering Solutions IPO subscription status currently shows Retail 6.25x, QIB 0x, NII 4.34x, Overall 4.64x.
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.
Maxwell Engineering Solutions IPO issue size is TBA and the expected allotment date is 04 Nov 2026.
In our empirical study of 104 Indian IPO listings, positive GMP was followed by a positive listing gain 69.9% of the time. However, as an exact forecast, the median variation between GMP-implied gain and actual listing price was 7.8 percentage points. GMP reflects informal market sentiment and should always be evaluated alongside company valuation and fundamentals.
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