FY26
Assets24.86
Net Worth24.86
Total Debt16.72
RevenueAnnualised basis29.44
EBITDAAnnualised basis15.18
PATAnnualised basis11.86
EBITDA Margin (%)51.56
At a glance
Updated 2026-11-05 10:06:08Maxwell Engineering Solutions is a SME IPO with an issue size of ₹57.64 crore, proposed for listing on NSE EMERGE. The offer opens on 30 Oct 2026 and closes on 3 Nov 2026. The current listing schedule points to 6 Nov 2026.
Issue details
Listing atNSE EMERGE
Issue size₹57.64 Cr
Price band₹150.00–₹150.00
Allotment4 Nov 2026
Listing6 Nov 2026
Grey market
GMP page ↗Latest GMPNO GMP
GMP / upper priceNO DATA
Est. listingNO DATA
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens30 Oct 2026
Closes3 Nov 2026
Allotment4 Nov 2026
Listing6 Nov 2026
Subscription demand
Full bidding ↗QIB0.00×
sHNI5.93×
bHNI2.19×
NII / HNI2.19×
Retail7.61×
Total491.39×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Max) | 2 | 1600 | ₹252,800 |
| S-HNI (Min) | 3 | 2400 | ₹379,200 |
| S-HNI (Max) | 7 | 5600 | ₹884,800 |
| B-HNI (Min) | 8 | 6400 | ₹1,011,200 |
Company
Use of proceeds
| Object | Amount |
|---|---|
| Financing the capital expenditure requirement towards Purchase of New Machineries, Lab Equipment & Other utilities for our Manufacturing Facility | ₹18.00 Cr |
| Financing the capital expenditure requirement for Construction of New Office Building and Manufacturing facility | ₹6.50 Cr |
| Repayment / prepayment, in full or part, of certain outstanding borrowings | ₹4.30 Cr |
| Funding working capital requirements of the Company | ₹14.00 Cr |
| General Corporate Purposes | — |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Assets51.79₹ Cr · +509.3% vs prior year
Net Worth27.92₹ Cr · +738.4% vs prior year
FY25
Assets25.27
Net Worth13.01
Total Debt8.60
RevenueAnnualised basis22.09
EBITDAAnnualised basis11.76
PATAnnualised basis9.18
EBITDA Margin (%)53.24
FY24
Assets8.50
Net Worth3.33
Total Debt3.23
RevenueAnnualised basis10.54
EBITDAAnnualised basis4.25
PATAnnualised basis3.16
EBITDA Margin (%)40.32
31-Jul-26
Assets51.79
Net Worth27.92
Total Debt15.77
RevenueAnnualised basis11.87
EBITDAAnnualised basis4.29
PATAnnualised basis3.05
KPIs
| KPI | Maxwell Engineering Solutions IPO | Core4 Engineers IPO | Ravita Engineering IPO | Vans Electroengineerings IPO |
|---|---|---|---|---|
| Size | 57.64 | 54.82 | 116.05 | 33.98 |
| Revenue * | 35.61 | 182.6 | 389.24 | 22.84 |
| PAT * | 9.15 | 24.68 | 40.52 | 5.39 |
| PE | 23.65 x | 15.90 x | 10.42 x | 23.79 x |
| Offer Price | 158 | 93 | 112 | 118 |
| Listing Price (%) | - | ₹ 74.40 (-20%) | ₹ 112.00 (+0%) | ₹ 224.20 (+90%) |
| CMP (%) | - | ₹ 86.12 (-7.4%) | ₹ 107.00 (-4.46%) | ₹ 412.95 (+249.96%) |
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Maxwell Engineering Solutions IPO | — | 23.65 x | — | — |
| Ajwa Projects IPO | — | 17.92 x | — | — |
| Carver Roboweld IPO | — | 104.82 x | — | — |
| Core4 Engineers IPO | — | 15.90 x | — | — |
Registrar & lead managers
Lead managers
- Location
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-11-05 10:06:08.
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