What is the Maxwell Engineering Solutions IPO GMP today?

The grey market premium (GMP) of Maxwell Engineering Solutions IPO is ₹80 per share, 50.63% above the upper price band of ₹158 (updated 12:00 AM, 3 Nov 2026 IST).

Where will Maxwell Engineering Solutions IPO list?

Maxwell Engineering Solutions shares are proposed to list on Emerge Platform of NSE ("NSE EMERGE").

Who is the registrar of Maxwell Engineering Solutions IPO?

KFin Technologies Limited is the registrar of Maxwell Engineering Solutions IPO; the lead manager is JDA Capital Services Limited.

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Figures last updated 3 Nov 2026, 12:00 AM IST · How we work · Report an error

Maxwell Engineering Solutions Limited

Q: When does Maxwell Engineering Solutions IPO open, close and list?

Maxwell Engineering Solutions IPO opens on 30 Oct 2026, closes on 3 Nov 2026 and lists on 6 Nov 2026. Allotment is expected on 4 Nov 2026.

SME IPOOpenCloses todayPrecision Engineering / Capital Goods

Price band₹150 – ₹158per share · face value ₹10

Minimum investment₹1,20,0001 lot · 800 shares at lower band

IPO dates30 Oct – 3 NovCloses today, 5:00 PM

GMP UNOFFICIAL₹80▲ +50.63%Est. listing price ₹238Subscription PUBLIC80.34xVery strongDay 2 so far · as of 6:30 PM, 2 Nov 2026

Key dates

Next: Allotment Wed 4 Nov

Anchor investor bid
29 Oct 2026 · Thu
IPO opens
30 Oct 2026 · Fri
IPO closes
3 Nov 2026 · Tue · today
Allotment
4 Nov 2026 · Wed
Refunds
5 Nov 2026 · Thu
Credit to demat
5 Nov 2026 · Thu
Listing
6 Nov 2026 · Fri

IPO information

Price band, minimum investment and dates are in the bar above.

Company name: Maxwell Engineering Solutions Limited
IPO type: Book built · Fresh issue
Board: SME
Issue size: ₹57.64 Cr
Shares offered: 36,48,000
Lot size: 800 shares
Face value: ₹10 per share
Listing on: Emerge Platform of NSE ("NSE EMERGE")

Go deeper

What to check before applying

Maxwell Engineering Solutions IPO, from the offer-document details we hold

INVESTORTRACK ANALYSIS

Where the money goes

The offer document names 4 uses with an amount: ₹18 Cr for “Financing the capital expenditure requirement towards Purchase of New Machineries, Lab Equipment & Other utilities for our Manufacturing Facility”; ₹6.5 Cr for “Financing the capital expenditure requirement for construction of New Office Building and Manufacturing facility”; ₹4.3 Cr for “Repayment / prepayment, in full or part, of certain outstanding borrowings availed by our Company”; ₹14 Cr for “Funding working capital requirements of our Company”. Together that is ₹42.8 Cr, about 74% of the ₹57.64 Cr fresh issue. The remaining ₹14.84 Cr is not assigned to a named purpose in that table. It also lists “General Corporate Purposes” without an amount.

Who is selling

This is a fresh issue: the shares are new, the money goes to the company, and no existing shareholder is selling to the public.

Promoter holding

Promoters hold 97.3% before the issue and 70.6% after it, a fall of 26.7 percentage points.

What it means for an applicant

What you would put in, and how long it takes

INVESTORTRACK ANALYSIS

What you would put in

One lot is 800 shares and costs ₹1,20,000 at the lower end of the price band and ₹1,26,400 at the upper end.

How long it takes

Bidding runs for 5 days (30 Oct to 3 Nov). Once bidding closes, allotment is 1 day after the close, refunds of unallotted money start 2 days after it, the shares list 3 days after it.

Frequently asked questions

What is the price band and lot size of Maxwell Engineering Solutions IPO?

Maxwell Engineering Solutions IPO: price band ₹150 to ₹158 per share, lot size 800 shares, minimum investment ₹1,20,000.

When does Maxwell Engineering Solutions IPO open, close and list?

Try the numbers for this IPO

GMP profit calculatorGMP ₹80 on 800 shares is about ₹64,000 a lot, if allotted and listed there.Application amount calculator1 lot is 800 shares: ₹1,26,400 at the upper band.Allotment probability calculatorRetail is subscribed 110.21x so far. What is your chance?

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