Maxwell Engineering Solutions’ SME IPO has a ₹150–158 price band and is scheduled to close on 3 November 2026. The offer is a fresh issue of up to 36.48 lakh equity shares, not an offer for sale; its proposed NSE Emerge listing is not a completed listing or allotment.
Offer terms at a glance
| Item | Officially disclosed information | Primary evidence |
|---|---|---|
| Issuer and proposed venue | Maxwell Engineering Solutions Limited; proposed NSE Emerge listing. The company says it received in-principle approval on 23 October 2026. | Abridged prospectus |
| Offer stage | 100% book-built initial public offer; bidding scheduled 30 October–3 November 2026 | Price-band advertisement |
| Price band and face value | ₹150–158 per equity share; face value ₹10 | Price-band advertisement |
| Fresh issue / OFS | Up to 36,48,000 fresh shares; no offer for sale | Abridged prospectus |
| Lot and minimum bid | 1,600 shares; then multiples of 800 | Price-band advertisement |
| Registrar | KFin Technologies Limited | Abridged prospectus |
Minimum application and issue size
At 1,600 shares, the minimum application works out to ₹2,40,000 at ₹150 and ₹2,52,800 at ₹158. Those are CapKet calculations from the disclosed lot size and price band. At the cap price, 36.48 lakh shares would equal up to ₹57.64 crore before expenses; that is also a calculation, not a final allotment figure.
Proposed use of proceeds
The abridged prospectus lists up to ₹18 crore for machinery, lab equipment and other utilities; up to ₹6.5 crore for a new office building and manufacturing facility; up to ₹4.3 crore for repayment or prepayment of certain borrowings; and up to ₹14 crore for working-capital requirements. General corporate purposes remain to be determined within the disclosed regulatory limit. These are proposed uses, not completed spending.
Important distinction
The documents describe a scheduled bidding period and proposed listing. They do not establish allotment, a listing date, listing price or return. The company’s materials say the issue price is determined through book building, and investors should read the offer documents and risks.
Sources checked 1 November 2026, 05:05 UTC: Maxwell’s price-band advertisement and Maxwell’s abridged prospectus.
AI-assisted reporting checked against linked official issuer records; not independent human editorial approval. Tatai is the publisher-designated author. Information only, not investment advice.
Recorded source observation: . This is a source-check timestamp, not a market quote or a new article update.