FY26
Revenue29.44
EBITDA15.18
PAT11.86
RevenueAnnualised basis29.44
EBITDAAnnualised basis15.18
PATAnnualised basis11.86
EBITDA Margin (%)51.56
At a glance
Updated 2026-11-01 00:20:12Maxwell Engineering Solutions Limited is an 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–₹158.00
Listing6 Nov 2026
Grey market
GMP page ↗Latest GMP₹455.00
GMP / upper price287.97%
Est. listing₹613.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens30 Oct 2026
Closes3 Nov 2026
Listing6 Nov 2026
Subscription demand
Full bidding ↗QIB0.00×
sHNI0.40×
bHNI0.03×
NII / HNI0.03×
Retail0.49×
Total4.17×
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.Revenue51.79₹ Cr · +336.3% vs prior year
EBITDA27.92₹ Cr · +550.8% vs prior year
PAT15.77₹ Cr · +417.0% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ croreFY25
Revenue22.09
EBITDA11.76
PAT9.18
RevenueAnnualised basis22.09
EBITDAAnnualised basis11.76
PATAnnualised basis9.18
EBITDA Margin (%)53.24
FY24
Revenue8.50
EBITDA3.33
PAT3.23
RevenueAnnualised basis10.54
EBITDAAnnualised basis4.25
PATAnnualised basis3.16
EBITDA Margin (%)40.32
Jul-26
Revenue11.87
EBITDA4.29
PAT3.05
EBITDA Margin (%)36.14
31-Jul-26
Revenue51.79
EBITDA27.92
PAT15.77
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 (%) | - | ₹ 78.12 (-16%) | ₹ 105.65 (-5.67%) | ₹ 414.00 (+250.85%) |
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Maxwell Engineering Solutions IPO | — | 23.65 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 2026-11-01 00:20:12.
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