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

Maxwell Engineering Solutions Limited

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

Reviewed by our team. This analysis was prepared from the offer document on 28 Oct 2026. Figures can contain errors; check them against the offer document before relying on them. It is information, not investment advice.

Financial performance

Restated figures, FY24 – FY26, ₹ crore unless stated

OFFICIAL IPO DATA

Revenue

+67.2% CAGR, FY24–FY26

▲ +33.26%

EBITDA

Operating profit before interest, tax, depreciation

▲ +29.94%

Profit after tax (PAT)

Net profit for the year

▲ +29.19%

Earnings per share (EPS)

₹ per share, post-issue share count

▲ +28.68%

Margin trend

EBITDA margin and PAT margin, % of revenue

EBITDA marginPAT margin

Revenue grew about 67% a year from FY24 to FY26; EBITDA margin widened (40.3% to 51.6%).

Net worth (FY26)₹24.87 Cr

Total borrowings (FY26)₹16.73 Cr

Operating cash flow (FY26)₹7.48 Cr

Year by year

The same figures as the charts, side by side. ₹ crore unless stated.

Revenue, EBITDA, PAT, margins and EPS by financial year
Figure	FY24	FY25	FY26	Change on FY25
Revenue	₹10.5	₹22.1	₹29.5	▲ +33.26%
EBITDA	₹4.3	₹11.7	₹15.2	▲ +29.94%
EBITDA margin	40.3%	52.9%	51.6%
PAT	₹3.2	₹9.2	₹11.9	▲ +29.19%
PAT margin	30.0%	41.5%	40.3%
EPS, basic (₹)	₹3.2	₹9.2	₹11.8	▲ +28.68%

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