Markets / IPO / Maxwell Engineering Solutions

Maxwell Engineering Solutions IPO

Updated 17:39

SME IPO on NSE Emerge

Status
Listed
Price band
₹150–158
Lot size
800 shares · ₹1,26,400
Subscribed
–

Key dates

Bidding opens30 Oct 2026
Bidding closes3 Nov 2026
Allotment4 Nov 2026
Refunds and shares in demat5 Nov 2026
Listing6 Nov 2026

Lot size by investor type

ApplicationLotsSharesAmount
Individual investor (minimum)21,600₹2,52,800
HNI (minimum)32,400₹3,79,200

At ₹158 a share. In SME IPOs individuals must bid for at least 2 lots.

Subscription

Investor categoryShares bid for
Institutions (QIB)17,72,55,200
HNI / NII44,48,27,200
  HNI, above ₹10 lakh35,41,95,200
  HNI, ₹2–10 lakh9,06,32,000
Total62,20,82,400

NSE does not publish the shares offered to each category for this issue, so times subscribed cannot be shown. NSE and BSE bids together, as of 3 Nov 2026 19:00.

Applications from individual investors

4,17,078 applications in the individual investors' category (bidding for the minimum 2 lots).

NSE does not publish the shares set aside for this category for SME issues, so the chance of allotment cannot be worked out exactly. Winners are picked by lottery.

Demand at each price

Top price ₹15812,876.80 lakh shares99.9%
Lower prices ₹150–15717.27 lakh shares0.1%

Shares bid on NSE and BSE at each price in the band. Most bids at the top price, and little at lower prices, means buyers were keen.

Anchor investors

Anchor bid date29 Oct 2026
Anchor shares10,24,000
Raised from anchors₹16.18 cr
Lock-in ends for the first 50% (30 days)3 Dec 2026 (in 27 days)
Lock-in ends for the remaining 50% (90 days)1 Feb 2027 (in 87 days)

Anchor investors are large funds that buy the day before the IPO opens. SEBI locks in half their shares for 30 days from the allotment and the rest for 90 days; they can sell from the next trading day. Traders watch these dates because extra selling can come in.

Financials and valuation

Financial results appear here once the company files them with NSE, usually within a few weeks of listing. Until then, the red herring prospectus has the company's past financials.

IPO details

Price band₹150–158
Final issue price₹158
Lot size800 shares
Minimum investment₹2,52,800 (2 lots, the minimum for individuals)
MarketNSE Emerge (SME)
Issue typeBook Building
Face value₹10 per Equity Share
Issue size₹57.64 crore (about 36.48 lakh shares) · Fresh issue only
ISININE1W3F01014
RegistrarKFin Technologies Limited
Helpline: +91 40 6716 2222, maxwell.ipo@kfintech.com
Lead managersJDA CAPITAL SERVICES LIMITED (Formerly Known as Beeline Broking Limited)
ProspectusRed herring prospectus (NSE)

Check allotment status

Allotment was finalised on 4 Nov 2026. Check it on the registrar's page (KFin Technologies Limited), NSE or BSE with your PAN or application number.

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From NSE's official IPO data. Expected dates follow SEBI's T+3 timetable; the exchange confirms them. Information only, not investment advice.

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

The price band is ₹150–158 per share, and one lot is 800 shares (₹1,26,400 at the upper price).

When is the Maxwell Engineering Solutions IPO allotment date?

Allotment was finalised on 4 Nov 2026, the next working day after bidding closed on 3 Nov 2026.

How many times was the Maxwell Engineering Solutions IPO subscribed?

Subscription figures are not available yet.

What is the Maxwell Engineering Solutions IPO listing date?

It listed on 6 Nov 2026 on NSE Emerge (SME).

When does the Maxwell Engineering Solutions anchor lock-in end?

The 30-day lock-in on half of the anchor investors' shares ends on 3 Dec 2026 and the 90-day lock-in on the rest ends on 1 Feb 2027; they can sell from the next trading day.