Maxwell Engineering Solutions IPO Subscribed 4.62 Times on Day 1

Authored By HDFC SKY | Published at: Oct 30, 2026 05:32 PM IST

Maxwell Engineering Solutions IPO received 4.62 times subscription on October 30, 2026, the first day of bidding. Retail investors subscribed 7.37 times, while the non-institutional investor category was subscribed 4.33 times.

Maxwell Engineering Solutions IPO Subscribed 4.62 Times on Day 1

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Mumbai, October 30: Maxwell Engineering Solutions IPO was subscribed 4.62 times on the first day of bidding, with strong demand from individual investors and non-institutional investors (NIIs). The public issue received bids for 1,10,90,400 shares against 24,01,600 shares on offer, according to subscription data at 5:10 PM on Friday.

Maxwell Engineering Solutions IPO Subscription Status

The individual investor category was subscribed 7.37 times, receiving bids for 88,48,000 shares against 12,00,000 shares offered. The NII category was subscribed 4.33 times, with bids for 22,42,400 shares against 5,18,400 shares available.

Within the NII segment, bids from investors applying for more than ₹10 lakh were 3.59 times the shares reserved for them. The category for applications below ₹10 lakh was subscribed 5.79 times.

The qualified institutional buyer (QIB) category, excluding anchor investors, had not received bids by the reported time.

Day-Wise Subscription Trend

Date	QIB (Ex-Anchor)	NII	Individual Investors	Total
October 30 (Day 1)	0.00x	4.33x	7.37x	4.62x

Maxwell Engineering Solutions IPO Details

The IPO is a book-built issue comprising a fresh issue of 36.48 lakh shares aggregating to ₹57.64 crore. The price band is ₹150 to ₹158 per share, and the lot size is 800 shares. Retail investors need to apply for at least 1,600 shares, requiring an investment of ₹2,52,800 at the upper price band.

The issue opened on October 30 and will close on November 3, 2026. The allotment is expected on November 4, while listing on the NSE SME platform is tentatively scheduled for November 6, 2026.

JDA Capital Services Ltd. is the book-running lead manager, and KFin Technologies Ltd. is the registrar.

About Maxwell Engineering Solutions

Maxwell Engineering Solutions Limited manufactures and supplies precision-engineered components for underwater pelletizing systems. Its products include pelletizing system components, blades, and other specialised parts used across industrial applications.

Conclusion

Maxwell Engineering Solutions IPO attracted 4.62 times subscription on Day 1, led by individual investors. Subscription figures may change as bidding continues through November 3, 2026.

Source

https://www.nseindia.com/market-data/issue-information?symbol=MAXENGS&series=SME&type=Active

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