1. Completed
SME
SME issue. Allotment Out.
Source: IPO Guru Pro
Company information, issue size, price band, lot size, minimum investment, and the dates published for this issue.
Maxwell Engineering Solutions Limited was incorporated in September 2022. It makes, trades and services critical components for underwater pelletizing systems, such as die plates, blades and knives, blade holders, cutter hubs and driving bushes. Its products serve polymer compounding, masterbatch, engineering plastics, cable compounds, specialty polymers and plastics recycling. The company also makes to customer specifications and offers white-label manufacturing. It works in three segments: manufacturing, services and trading. It began operations at its own plant at Waghodia GIDC, Vadodara, in July 2025 and has moved work there from its earlier leased unit at Makarpura. The plant has VMC, CNC, milling, EDM, wire-cut, lathe and surface-grinding machines. Heat treatment, hardening and coating are given to job workers. The company sells in India and abroad, including the USA, Germany, the Netherlands, Israel, Saudi Arabia, Japan, Australia and Italy. It holds ISO 9001:2015 certification and a ZED Bronze certificate, received in November 2025. It also repairs and refurbishes used die plates and gives management consulting services. It had 71 full-time employees on 30 September 2026, excluding directors.
Current premium in rupees, the derived percentage, and the indicative price. History shows observed readings only. A missing premium is unavailable, not ₹0.
Grey Market Premium (GMP) is an unofficial market indicator and is not published by stock exchanges. Estimated listing values are illustrative, may change, and should not be considered a forecast or investment recommendation.
Indicative only. A GMP-implied price is not a guaranteed listing price.
Subscription is shown in times subscribed. A missing multiple stays unavailable. A published zero is 0x.
Revenue and profit are in rupees for each reporting period. Assets, liabilities, and ratios use the source unit when the statement includes them. Missing figures stay blank.
| Metric (Rs. Crore) | 31 Jul 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| Assets | 51.79 | 47.55 | 25.31 | 8.51 |
| Total Income | 12.25 | 30.76 | 22.59 | 10.87 |
| Profit After Tax | 3.05 | 11.86 |
Allotment out. Check Allotment opens the verified registrar allotment portal. Sign-in is not required.
This is the actual change from the issue price to the listing price. It is separate from the unofficial GMP estimate. A missing price stays unavailable.
RHP, DRHP, and other links that passed the official address check. Unverified addresses are left out.
DRHP, RHP and other source documents appear here when the issue includes them.
Data by IPO Guru · Updated
Maxwell Engineering Solutions is a Vadodara based maker of precision components for underwater pelletizing systems. It plans to raise Rs 57.64 crore at the upper band of Rs 158 per share, all of it fresh issue, and its total income was Rs 30.76 crore in FY2026.
Rajkumar Chaudhary, Vinubhai Kanjibhai Chavda and Ria Rajkumar Chaudhary
1. Completed
2. Completed
3. Completed
4. Upcoming
Refund
Demat credit
Unofficial grey-market premium in rupees. Missing observations are not connected and are not drawn as ₹0. This chart is not the listing gain.
High ₹80 on 02 Nov 2026 · Low ₹27 on 27 Oct 2026
Tap a point for its rupee amount, percentage, and IST time. The table lists the same observations.
Source: IPO Guru Pro. History retrieved 05 Nov 2026, 5:00 PM IST.
| Observed (IST) | GMP (₹) | GMP % | Mark |
|---|---|---|---|
| 27 Oct 2026 | ₹27 | +17.09% | Low |
| 28 Oct 2026 | ₹43 | +27.22% | None |
| 29 Oct 2026 | ₹70 | +44.30% | None |
| 30 Oct 2026 | ₹70 | +44.30% | None |
| 31 Oct 2026 | ₹70 | +44.30% | None |
| 01 Nov 2026 | ₹70 | +44.30% | None |
| 02 Nov 2026 | ₹80 | +50.63% | High |
| 03 Nov 2026 | ₹80 | +50.63% | None |
| 04 Nov 2026 | ₹75 | +47.47% | None |
Unofficial grey-market premium in rupees. Missing observations are not connected and are not drawn as ₹0. This chart is not the listing gain.
High ₹80 on 02 Nov 2026 · Low ₹27 on 27 Oct 2026
Tap a point for its rupee amount, percentage, and IST time. The table lists the same observations.
Source: IPO Guru Pro. History retrieved 05 Nov 2026, 5:00 PM IST.
| Observed (IST) | GMP (₹) | GMP % | Mark |
|---|---|---|---|
| 27 Oct 2026, 12:36 PM IST | ₹0 | 0.00% | None |
| 27 Oct 2026, 4:48 PM IST | ₹18 | +11.39% | None |
| 27 Oct 2026, 10:12 PM IST | ₹25 | +15.82% | None |
| 28 Oct 2026, 10:48 AM IST | ₹27 | +17.09% | None |
| 28 Oct 2026, 4:48 PM IST | ₹27 | +17.09% | None |
| 28 Oct 2026, 10:00 PM IST | ₹43 | +27.22% | None |
| 29 Oct 2026, 10:48 AM IST | ₹52 | +32.91% | None |
| 29 Oct 2026, 4:48 PM IST | ₹52 | +32.91% | None |
| 29 Oct 2026, 10:12 PM IST | ₹70 | +44.30% | None |
| 30 Oct 2026, 10:48 AM IST | ₹70 | +44.30% | None |
| 30 Oct 2026, 4:48 PM IST | ₹70 | +44.30% | None |
| 30 Oct 2026, 10:12 PM IST | ₹70 | +44.30% | None |
| 31 Oct 2026, 10:48 AM IST | ₹70 | +44.30% | None |
| 31 Oct 2026, 4:48 PM IST | ₹70 | +44.30% | None |
| 31 Oct 2026, 10:12 PM IST | ₹70 | +44.30% | None |
| 01 Nov 2026, 10:48 AM IST | ₹70 | +44.30% | None |
| 01 Nov 2026, 4:48 PM IST | ₹70 | +44.30% | None |
| 01 Nov 2026, 10:12 PM IST | ₹70 | +44.30% | None |
| 02 Nov 2026, 10:48 AM IST | ₹70 | +44.30% | None |
| 02 Nov 2026, 4:48 PM IST | ₹70 | +44.30% | None |
| 02 Nov 2026, 10:12 PM IST | ₹80 | +50.63% | High |
| 03 Nov 2026, 10:48 AM IST | ₹80 | +50.63% | None |
| 03 Nov 2026, 4:48 PM IST | ₹80 | +50.63% | None |
| 03 Nov 2026, 10:12 PM IST | ₹80 | +50.63% | None |
| 04 Nov 2026, 10:48 AM IST | ₹80 | +50.63% | None |
| 04 Nov 2026, 3:00 PM IST | ₹75 | +47.47% | None |
Last updated: 03 Nov 2026, 7:30 PM IST
Source: IPO Guru Pro Data by IPO Guru
History retrieved: 04 Nov 2026, 3:25 PM IST
Stored subscription multiples. A missing category is left off this chart and is not drawn as 0x.
Times subscribed. A missing day is not connected and is not drawn as 0x. A published zero stays 0x.
Tap a point for its multiple and IST time. The history table lists every stored day.
Source: IPO Guru Pro. History retrieved 04 Nov 2026, 3:25 PM IST.
| Day | Total | QIB | NII | Retail | Employee | Shareholder |
|---|---|---|---|---|---|---|
| 30 Oct 2026 | 4.17x subscribed | 0x subscribed | 3x subscribed | 7.27x subscribed | 0x subscribed | Unavailable |
| 02 Nov 2026 | 72.97x subscribed | 0x subscribed | 82.09x subscribed | 108.88x subscribed | 0x subscribed | Unavailable |
| 03 Nov 2026 | 491.39x subscribed | 259.45x subscribed | 600.47x subscribed | 556.1x subscribed | 0x subscribed | Unavailable |
| 9.18 |
| 3.16 |
| EBITDA | 4.29 | 15.19 | 11.69 | 4.25 |
| NET Worth | 27.92 | 24.87 | 13.01 | 3.33 |
| Reserves and Surplus | 17.87 | 14.82 | 10.25 | 3.32 |
| Total Borrowing | 15.77 | 16.73 | 8.60 | 3.19 |