The basis of allotment for Maxwell Engineering Solutions’ ₹57.64 crore IPO is expected to be finalised on November 4, 2026. Applicants can check their allotment status through the official portals of the NSE or the issue registrar, KFin Technologies Limited.

The company’s shares are scheduled to make their stock market debut on November 5, 2026, on the NSE SME platform.

Procedure to Check Maxwell Engineering Solutions IPO Allotment Status Online on NSE

Visit the NSE’s IPO allotment verification status page here.
Select “Equity & SME IPO Bid Details”.
In Select Symbol, choose “MAXENGS”.
Enter your PAN No. and Application No.
Click “Submit”.

Procedure to Check Maxwell Engineering Solutions IPO Allotment Status on KFin Technologies Limited (Registrar to the Issue)

Visit the KFin Technologies’ IPO allotment status page here.
In Select IPO, select “Maxwell Engineering Solutions Limited”.
Enter any one of the following details.

App. No.
Demat Account
PAN

Click “Submit”.

Maxwell Engineering Solutions IPO - Issue Details

Issue Type: Book Built Issue (Fresh Issue only)
Total Issue Size: Up to ₹57.64 crore
Fresh Issue: Up to ₹57.64 crore
Offer for Sale (OFS): Not Applicable
Face Value: ₹10 per equity share
Price Band: ₹150 to ₹158 per share
Lot Size: 800 shares
Listing: NSE SME
Book Running Lead Managers: JDA Capital Services Limited
Registrar: KFin Technologies Limited

Maxwell Engineering Solutions IPO Overall Subscription Status

[November 3, 2026, 7:00 PM]

Category	Subscription (x)
Qualified Institutional Buyers (QIBs)	259.45x
Non-Institutional Investors (NIIs)	857.65x
Retail Individual Investors (RIIs)	556.09x
Total	536.80x

Utilisation of IPO Proceeds

The company intends to utilise the net proceeds from the fresh issue towards:

Financing the capital expenditure requirement towards purchase of new machineries, lab equipment and other utilities for manufacturing facility.
Financing the capital expenditure requirement for construction of new office building and manufacturing facility
Repayment and or prepayment, in full or part, of certain outstanding borrowings availed by the company.
Funding working capital requirements of the company
General Corporate Purposes

About Maxwell Engineering Solutions Limited

Incorporated in 2022, Maxwell Engineering Solutions Limited manufactures, trades and services components for underwater pelletizing systems. Its products include die plates, blades, knives and other spare parts used across polymer compounding, engineering plastics and plastics recycling industries. It also provides customised and white-label manufacturing services.

In July 2025, the Company started operations at its owned manufacturing facility in Waghodia GIDC, Vadodara, Gujarat, equipped with precision machining equipment. Specialised processes such as heat treatment, hardening and coating are outsourced to job workers.

Key Financial Highlights

Particulars	For the period ended July 31, 2026 (in ₹ crore)	FY26 (in ₹ crore)	FY25 (in ₹ crore)
Total Income	12.25	30.76	22.59
EBITDA	4.29	15.19	11.69
Profit After Tax (PAT)	3.05	11.86	9.18