Maxwell Engineering IPO
Market Sentiment
The overall score is a weighted average of the parts below, so one weak part can sit inside a strong overall reading.
IPO Details
IPO Reservation
Market Lot Size
Return Estimator (GMP*)
Financial Analysis
Financial Data
Financial Performance
| Metric | 2024 | 2025 | 2026 | Jul 2026 |
|---|---|---|---|---|
| Revenue | 10.87 | 22.59 | 30.76 | 12.25 |
| Expense | 7.04 | 11.54 | 16.36 | 8.58 |
| Profit (PAT) | 3.16 | 9.18 | 11.86 | 3.05 |
| Total Assets | 8.51 | 25.31 | 47.55 | 51.79 |
Peer Comparison
| Company | EPS | P/E | RoNW % | NAV |
|---|---|---|---|---|
| Maxwell Engineering This IPO | 11.80 | - | 47.70 | 24.74 |
| Kabra Extrusion Technik Ltd. | -0.70 | - | -0.54 | 127.92 |
| Omnitech Engineering Ltd | 6.42 | 99.00 | 11.28 | 55.36 |
| Sunita Tools Ltd. | 10.53 | 100.65 | 10.80 | 112.10 |
Strengths & Risks
- Healthy grey-market premium — +11% over the issue price.
- Grey-market premium is trending up during the bidding window.
- Revenue grew 36% in the latest reported year.
- Solid profit margin — 38.6%.
- Strong return on equity — 63%.
- SME grey-market premiums are a weaker guide than Mainboard ones — where a premium was quoted, GMP called the listing direction right 67.6% of the time across 111 SME listings we tracked, against 82% on Mainboard.
- Lists on the exchange's SME platform, where trading is usually thinner than on the main board — selling at your price can be harder.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
Company Contact Information
Maxwell Engineering Solutions Ltd., Plot 939 & 940, Waghodia GIDC, Vaghodia, Vadodara, Gujarat, 391760, Phoone: 96385 42674
Objects of the Issue
| Purpose | Amount (Cr) |
|---|---|
| Financing the capital expenditure requirement towards Purchase of New Machineries, Lab Equipment & Other utilities for Manufacturing Facility | 18.00 |
| Financing the capital expenditure requirement for construction of New Office Building and Manufacturing facility | 6.50 |
| Repayment / prepayment, in full or part, of certain outstanding borrowings availed by Company | 4.30 |
| Funding working capital requirements of Company | 14.00 |
| General Corporate Purposes | - |
Resources & Documents
Maxwell Engineering IPO - Quick Take
Maxwell Engineering has set a price band of Rs 150–Rs 158 per share for an issue size of Rs 58 crore. The SME issue is scheduled to open for subscription on October 30, 2026 — 3 days from now.
The issue is promoted by Rajkumar Chaudhary, Vinubhai Kanjibhai Chavda and Ria Rajkumar Chaudhary with JDA Capital Services Ltd. acting as lead manager. Net proceeds will primarily be used towards financing the capital expenditure requirement towards Purchase of New Machineries, Lab Equipment & Other utilities for M… (Rs 18 crore) and financing the capital expenditure requirement for construction of New Office Building and Manufacturing facility (Rs 7 crore).
On fundamentals, the company is posting revenue growth of 36.2%, a profit margin of 38.6%, return on equity of 62.6% in its most recent reported period. Listed peers in this segment include Omnitech Engineering Ltd (P/E 99.00x) and Sunita Tools Ltd. (P/E 100.65x) — useful reference points when evaluating the issue's pricing relative to where the broader sector is trading.
On our data-signal score, the combined signals for this issue currently read strong — the composite picture tilts positive, though not without some caveats. This is a summary of public data, not a recommendation to apply or skip. All figures below — GMP history, subscription tiers, financials and peers — are aggregated from public disclosures. Always apply through your own broker after reading the RHP.
Frequently Asked Questions
Maxwell Engineering IPO GMP — What It Means
How much weight does a GMP like this carry? Of the 26 SME IPOs we have tracked with a final GMP between 10% and 25%, 21 listed above the issue price, and the typical gap between the GMP-implied and the actual listing gain was 10.9 points. Read it as a guide to direction, not a price target — and alongside subscription demand and the company's fundamentals.
See the full Maxwell Engineering GMP history and trend, or learn how grey market premium works and how reliable it is.
Related IPO
Same sector or same stage as Maxwell Engineering
No comments yet. Be the first to share your opinion!