IPOs Closing Today – November 3, 2026
The Indian primary market has an important day for SME IPO investors as four public issues are scheduled to close their subscription windows on Tuesday, November 3, 2026.
The four IPOs are HGS (India), Maxwell Engineering Solutions, Johnsoncab Electricals and Vectras Enprocon.
Investors tracking these issues are closely monitoring subscription figures, grey market premiums (GMP), allotment dates and tentative listing schedules.
The latest available GMP tracker shows Maxwell Engineering Solutions with a premium of ₹70, HGS (India) at ₹30, Johnsoncab Electricals at ₹5 and Vectras Enprocon at ₹0.
These premiums are unofficial and may change throughout the day.
IPOs Closing Today: Complete Details
| IPO Name | Price Band | Latest GMP | GMP % | Issue Size |
|---|---|---|---|---|
| HGS (India) | ₹114–₹120 | ₹30 | 25% | ₹34.56 Cr |
| Maxwell Engineering Solutions | ₹150–₹158 | ₹70 | 44.3% | Approx. ₹57.64 Cr |
| Johnsoncab Electricals | ₹190–₹200 | ₹5 | 2.5% | Check RHP |
| Vectras Enprocon | ₹99–₹105 | ₹0 | — | Approx. ₹53.05 Cr |
GMP figures are tracker snapshots available on November 3, 2026, and are not official exchange prices.
1. HGS (India) IPO
HGS (India) IPO opened on October 30 and closes today, November 3, 2026. The company is raising approximately ₹34.56 crore through its SME public issue.
| Particulars | Details |
|---|---|
| IPO Price Band | ₹114–₹120 |
| Issue Size | ₹34.56 crore |
| Lot Size | 1,200 shares |
| IPO Opening Date | October 30, 2026 |
| IPO Closing Date | November 3, 2026 |
| Allotment Date | November 4, 2026 |
| Listing Date | November 6, 2026 |
| Latest GMP | ₹30 |
At the latest recorded GMP of ₹30, the implied price based on the upper price band would be ₹150. This is only an unofficial estimate and not a listing-price prediction.
2. Maxwell Engineering Solutions IPO
Maxwell Engineering Solutions IPO is another SME issue closing today. The company operates in the precision engineering segment and has attracted considerable investor interest during its subscription period.
| Particulars | Details |
|---|---|
| IPO Price Band | ₹150–₹158 |
| Issue Size | Approx. ₹57.64 crore |
| Lot Size | 800 shares |
| IPO Opening Date | October 30, 2026 |
| IPO Closing Date | November 3, 2026 |
| Allotment Date | November 4, 2026 |
| Listing Date | November 6, 2026 |
| Latest GMP | ₹70 |
The latest tracker figure of ₹70 represents approximately 44.3% of the upper price band.
The subscription response and final allotment demand will remain important factors for investors following this issue.
3. Johnsoncab Electricals IPO
Johnsoncab Electricals IPO opened on October 30 and closes today. The issue is listed in the SME category and is attracting attention from investors interested in electrical cables and infrastructure-related businesses.
| Particulars | Details |
|---|---|
| IPO Price Band | ₹190–₹200 |
| Lot Size | 600 shares |
| IPO Opening Date | October 30, 2026 |
| IPO Closing Date | November 3, 2026 |
| Allotment Date | November 4, 2026 |
| Listing Date | November 6, 2026 |
| Latest GMP | ₹5 |
At the upper price band of ₹200, a ₹5 GMP represents an indicative premium of 2.5%.
Investors should review the company's financial performance, valuation and offer document before considering an application.
4. Vectras Enprocon IPO
Vectras Enprocon IPO is also scheduled to close on November 3, 2026. The issue is raising funds through its SME public offering.
| Particulars | Details |
|---|---|
| IPO Price Band | ₹99–₹105 |
| Issue Size | Approx. ₹53.05 crore |
| IPO Opening Date | October 30, 2026 |
| IPO Closing Date | November 3, 2026 |
| Allotment Date | November 4, 2026 |
| Listing Date | November 6, 2026 |
| Latest GMP | ₹0 |
The latest tracker shows no grey market premium for Vectras Enprocon. A zero GMP does not necessarily mean that the shares will list at a loss.
IPO Subscription Status Today
Subscription data is an important factor investors follow on the final day of an IPO.
According to available subscription trackers, HGS (India) and Maxwell Engineering Solutions have attracted substantial demand. Johnsoncab Electricals and Vectras Enprocon have also received investor participation.
Subscription figures change during market hours, particularly on the closing day.
Investors can check the latest category-wise subscription data here:
IPO GMP Today: Latest Grey Market Premium
The Grey Market Premium (GMP) represents unofficial trading sentiment before shares are listed on the stock exchange.
The latest recorded figures for the four IPOs closing today are:
| IPO | Issue Price – Upper Band | GMP | Indicative Price |
|---|---|---|---|
| HGS (India) | ₹120 | ₹30 | ₹150 |
| Maxwell Engineering Solutions | ₹158 | ₹70 | ₹228 |
| Johnsoncab Electricals | ₹200 | ₹5 | ₹205 |
| Vectras Enprocon | ₹105 | ₹0 | ₹105 |
These indicative prices are calculated by adding the GMP to the upper price band. Actual listing prices may differ substantially.
IPO Allotment and Listing Dates
All four IPOs are scheduled to announce allotment on November 4, 2026.
| IPO Name | Allotment Date | Listing Date |
|---|---|---|
| HGS (India) | November 4 | November 6 |
| Maxwell Engineering Solutions | November 4 | November 6 |
| Johnsoncab Electricals | November 4 | November 6 |
| Vectras Enprocon | November 4 | November 6 |
Investors can check allotment status using the registrar's website or the exchange's IPO allotment facility after the allotment process is completed.
Should You Apply for IPOs Closing Today?
Before applying for any SME IPO, investors should carefully evaluate:
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Company financial performance and profitability.
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Valuation and comparable listed companies.
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Promoter background and shareholding.
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IPO proceeds and their intended use.
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Subscription levels across investor categories.
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GMP trends and their limitations.
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Liquidity and volatility risks associated with SME shares.
A high GMP or strong subscription does not guarantee listing gains.
SME IPOs may also require higher minimum investments and can carry greater liquidity risks than mainboard IPOs.
Final Words
November 3, 2026, is the final subscription day for HGS (India), Maxwell Engineering Solutions, Johnsoncab Electricals and Vectras Enprocon.
Maxwell Engineering Solutions is showing the highest latest recorded GMP among the four issues, followed by HGS (India). Johnsoncab Electricals has a modest premium, while Vectras Enprocon is showing zero GMP.
Investors should check the final subscription figures, official offer documents and updated GMP before making their decisions.
For live IPO GMP, subscription status, allotment updates and upcoming IPO information, visit GMP IPO Watch.
Disclaimer: This article is for educational and informational purposes only. It is not investment advice or a recommendation to apply for any IPO. Grey market premiums are unofficial and do not guarantee listing gains. Please read the official offer documents and consult a qualified financial adviser before investing.
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