FY26
Assets84.81
Net Worth61.60
Total Debt13.06
RevenueAnnualised basis147.69
EBITDAAnnualised basis19.07
PATAnnualised basis12.75
EBITDA Margin (%)12.91
At a glance
Updated 2026-11-02 06:37:26Maxwell Engineering operates in the 16.62 segment. Maxwell Engineering is a SME IPO with an issue size of ₹53.40 crore, proposed for listing on NSE EMERGE. The offer opens on 30 Oct 2026 and closes on 3 Nov 2026.
Issue details
Listing atNSE EMERGE
Issue size₹57.64 Cr
Price band₹150.00–₹158.00
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
Subscription demand
Full bidding ↗QIB121.28×
sHNI180.90×
bHNI204.03×
NII / HNI204.03×
Retail158.98×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Max) | 2 | 2400 | ₹242,400 |
| S-HNI (Min) | 3 | 3600 | ₹363,600 |
| S-HNI (Max) | 8 | 9600 | ₹969,600 |
| B-HNI (Min) | 9 | 10800 | ₹1,090,800 |
Company
Use of proceeds
| Object | Amount |
|---|---|
| Funding of Capital Expenditure towards Construction of proposed manufacturing Unit I at Plot No-E-185, RIICO IND Area Karoli Teh Tapukara, Rajasthan | ₹4.88 Cr |
| Funding of Capital Expenditure towards Construction of proposed manufacturing Unit II at Plot No. P 32 Street No. B, Sector 11, Model Economic Township, Village - Nimana, Tehsil Badli, District - Jhajjar, State Haryana. | ₹16.62 Cr |
| Funding working capital requirements of our company | ₹12.00 Cr |
| General corporate purposes | — |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Assets45.61₹ Cr · -15.6% vs prior year
Net Worth31.50₹ Cr · -19.1% vs prior year
FY25
Assets66.21
Net Worth48.93
Total Debt7.75
RevenueAnnualised basis146.12
EBITDAAnnualised basis15.03
PATAnnualised basis9.99
EBITDA Margin (%)10.29
FY24
Assets54.07
Net Worth38.94
Total Debt6.42
RevenueAnnualised basis130.79
EBITDAAnnualised basis11.62
PATAnnualised basis7.44
EBITDA Margin (%)8.88
FY23
Assets45.61
Net Worth31.50
Total Debt4.77
RevenueAnnualised basis126.82
EBITDAAnnualised basis8.04
PATAnnualised basis4.64
EBITDA Margin (%)6.34
KPIs
| KPI | Sumax Engineering IPO | Core4 Engineers IPO | Ravita Engineering IPO | Vans Electroengineerings IPO |
|---|---|---|---|---|
| Size | 53.4 | 54.82 | 116.05 | 33.98 |
| Revenue * | 147.69 | 182.6 | 389.24 | 22.84 |
| PAT * | 12.75 | 24.68 | 40.52 | 5.39 |
| PE | 15.05 x | 15.90 x | 10.42 x | 23.79 x |
| Offer Price | 101 | 93 | 112 | 118 |
| Listing Price (%) | ₹ 111.00 (+9.9%) | ₹ 74.40 (-20%) | ₹ 112.00 (+0%) | ₹ 224.20 (+90%) |
| CMP (%) | ₹ 91.40 (-9.5%) | ₹ 78.12 (-16%) | ₹ 105.65 (-5.67%) | ₹ 414.00 (+250.85%) |
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Sumax Engineering IPO | — | 15.05 x | — | — |
| Core4 Engineers IPO | — | 15.90 x | — | — |
| Ravita Engineering IPO | — | 10.42 x | — | — |
| Vans Electroengineerings IPO | — | 23.79 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 2026-11-02 06:37:26.
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