Maxwell Engineering Solutions IPO Day 1: Subscription Opens Today, 30 October 2026
- October 30, 2026
- Posted by: Harsh Piplani
- Category: IPO
Maxwell Engineering Solutions IPO opens today, 30 Oct 2026, closes 3 Nov. Price band Rs 150-158. Lot size 800 shares. Lists on NSE SME on 6 Nov.
Quick Answer
The Maxwell Engineering Solutions IPO opens for subscription today, 30 October 2026, and will remain open until 3 November 2026. Maxwell Engineering Solutions Limited is a Vadodara-based maker of precision components for pelletizing systems, and the issue of about Rs 57.64 crore is entirely a fresh issue of 36,48,000 shares. The price band is set at Rs 150 to Rs 158 per share, with a lot size of 800 shares, and the shares are proposed to list on the NSE SME platform. Since bidding has only just opened, subscription figures will start reflecting real demand as the days progress, so investors should track the live numbers through the session before deciding.
Maxwell Engineering Solutions Limited, a Vadodara-based maker of precision components such as die plates, blades and cutter hubs for underwater pelletizing systems, has opened its IPO for subscription today, 30 October 2026. The Maxwell Engineering Solutions IPO is a book built SME issue of 36,48,000 equity shares worth about Rs 57.64 crore at the upper band of Rs 158, entirely a fresh issue with no offer for sale, and bidding remains open until 3 November 2026. The shares are proposed to list on the NSE SME platform.
Of the total issue, 2,22,400 shares are set aside for the market maker and up to 10,24,000 shares are reserved for anchor investors, whose round was scheduled for 29 October. Proceeds are meant for plant, machinery and lab equipment of Rs 18 crore, a new office building and manufacturing facility of Rs 6.50 crore, debt repayment of Rs 4.30 crore and working capital of Rs 14 crore, with the balance for general corporate purposes.
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Maxwell Engineering Solutions IPO Details
The table below sets out the key parameters of the Maxwell Engineering Solutions IPO, including the price band, lot size and important dates.
| Open Date | 30 October 2026 |
| Close Date | 3 November 2026 |
| Face Value | Rs 10 per share |
| Price Band | Rs 150 to Rs 158 per share |
| Lot Size | 800 shares (minimum application 1,600 shares) |
| Issue Size | Rs 57.64 crore (entirely fresh issue of 36,48,000 shares) |
| Issue Type | Book Built Issue, SME |
| Listing At | NSE SME |
| Allotment Date | 4 November 2026 |
| Listing Date | 6 November 2026 |
Maxwell Engineering Solutions IPO Quick Facts
| Particulars | Snapshot |
|---|---|
| Minimum application | Rs 2,52,800 (2 lots, 1,600 shares, at the upper band) |
| HNI minimum | 3 lots, 2,400 shares (Rs 3,79,200) |
| Market maker portion | 2,22,400 shares |
| Anchor portion | Up to 10,24,000 shares, round scheduled for 29 October 2026 |
| Promoter holding | 97.26 percent before the issue, about 71.4 percent after |
| Registrar | KFin Technologies Ltd |
| Lead Manager | JDA Capital Services Ltd |
This snapshot is meant as a quick reference alongside the fuller details table above, so investors scanning the issue on mobile can find the essentials without scrolling through the whole page.
Maxwell Engineering Solutions IPO Share Reservation
After 2,22,400 shares for the market maker, the issue offers 17,07,200 shares (about 49.8 percent of the net offer) to qualified institutional buyers, including the anchor portion, 5,18,400 shares (about 15 percent) to non-institutional investors and 12,00,000 shares (about 35 percent) to retail investors. Retail bidders must apply for a minimum of 2 lots, or 1,600 shares.
Maxwell Engineering Solutions IPO Subscription Status Day 1
Bidding for the issue has opened today, 30 October 2026, so the category wise numbers below will fill in as the session progresses. Anchor and institutional demand can shape the later days, so the opening day readings often reflect early retail interest.
| Investor Category | Subscription Status, Day 1 (30 Oct) |
|---|---|
| Qualified Institutional Buyers (QIB) | Bidding just opened, updating through the session |
| Non-Institutional Investors (NII) | Bidding just opened, updating through the session |
| Retail Individual Investors | Bidding just opened, updating through the session |
| Overall | Bidding just opened, updating through the session |
Track Subscription Status for the issue on the Univest Screener
How to Apply for the Maxwell Engineering Solutions IPO
- Open a Demat and trading account with a SEBI-registered broker such as Univest if you do not already have one.
- Select the issue on your broker app or net banking platform and enter your bid quantity and price within the Rs 150 to Rs 158 band, with a minimum application of 1,600 shares.
- Submit the application through the UPI-based ASBA method so the bid amount is blocked rather than debited immediately.
- Approve the UPI mandate on your phone before the daily cut off time, and remember the issue closes on 3 November.
Download the Univest iOS App or Univest Android App to apply for the issue on its opening day.
Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.
About Maxwell Engineering Solutions Limited
Maxwell Engineering Solutions Limited, which began operations in 2022, makes and services precision components for underwater pelletizing systems, such as die plates, blades and cutter hubs, for polymer, masterbatch and plastics recycling customers. It runs manufacturing units in Vadodara, Gujarat, and exports to markets including the USA, Germany and Japan. Revenue rose from Rs 10.87 crore in FY24 to Rs 22.59 crore in FY25 and Rs 30.76 crore in FY26, while profit after tax grew from Rs 3.16 crore to Rs 9.18 crore and Rs 11.86 crore, a profit margin of about 39 percent in FY26. For the period to July 2026, revenue was Rs 12.25 crore and profit after tax Rs 3.05 crore. Promoters hold 97.26 percent before the issue and about 71.4 percent after it, and the upper band implies a market capitalisation of about Rs 216.43 crore, or roughly 18 times FY26 earnings.
Conclusion
The issue has opened for bidding today, 30 October 2026, offering SME exposure to a niche precision components maker through a pure fresh issue. Investors considering the issue should weigh the Rs 2,52,800 minimum application, the very short operating history, the unusually high profit margin, the dependence on the plastics and polymer industry and SME liquidity, and read the RHP on nseindia.com before applying after independent due diligence.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs
What is the Maxwell Engineering Solutions IPO subscription status on Day 1?
Ans. The issue opened for bidding today, 30 October 2026, so Day 1 category wise figures are still filling in through the trading session. Investors can track the live numbers on NSE as the day progresses.
When does the Maxwell Engineering Solutions IPO open and close?
Ans. The issue opened for subscription today, 30 October 2026, and will close on 3 November 2026.
What is the Maxwell Engineering Solutions IPO price band and lot size?
Ans. The issue price band is Rs 150 to Rs 158 per share, with a lot size of 800 shares. The minimum application is 2 lots, or 1,600 shares, which is Rs 2,52,800 at the upper price band.
What is the issue size and structure of the Maxwell Engineering Solutions IPO?
Ans. The issue is entirely a fresh issue of 36,48,000 equity shares worth about Rs 57.64 crore, including 2,22,400 shares for the market maker, with no offer for sale component.
What is the Maxwell Engineering Solutions IPO GMP?
Ans. Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision, especially this early in the bidding window.
How do I apply for the Maxwell Engineering Solutions IPO?
Ans. You can apply for the issue through your SEBI-registered broker or UPI-enabled banking app using the ASBA method, enter your bid quantity and price within the Rs 150 to Rs 158 band, with a minimum application of 1,600 shares, then approving the UPI mandate before the daily cut off.
When will the Maxwell Engineering Solutions IPO be allotted and listed?
Ans. The issue allotment is expected to be finalised on 4 November 2026, and the shares are tentatively scheduled to list on the NSE SME platform on 6 November 2026.
What does Maxwell Engineering Solutions Limited do?
Ans. Maxwell Engineering Solutions Limited makes and services precision components such as die plates, blades and cutter hubs for underwater pelletizing systems used in the polymer, masterbatch and plastics recycling industries, from units in Vadodara, Gujarat.
How will Maxwell Engineering Solutions use the IPO proceeds?
Ans. The company plans to use Rs 18 crore for plant, machinery, lab equipment and utilities, Rs 6.50 crore for a new office building and manufacturing facility, Rs 4.30 crore for debt repayment and Rs 14 crore for working capital, with the balance for general corporate purposes.
Who are the registrar and lead manager for the Maxwell Engineering Solutions IPO?
Ans. KFin Technologies Ltd is the registrar for the issue, and JDA Capital Services Ltd is the book running lead manager.
