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Maxwell Engineering Solutions IPO is a Book Building IPO listing on BSE SME exchange, with an ipo size of ₹ [●] Cr. The company is based in Vadodara and caters to Engineering sector. Religo Capital Advisors is the merchant banker of Maxwell Engineering Solutions IPO. It is a SME Upcoming IPO which filed its Draft Red Herring Prospectus (DRHP) on 30th September 2025.
IPO
Size:
₹ Cr.
Avg IPO Size (Sector Based)
: ₹
25.15 cr.
Sector: Engineering
SME
IPO so far:
112
Merchant Banker:
Religo Capital
SME
IPO by BRLM so far:
0
City:
Vadodara
SME
IPO so far:
26
Revenue (annualised):
₹
22.09
cr. 
PE
Ratio:
x
Average Sector PE Ratio: 15.33x
Maxwell Engineering Solutions IPO size is ₹ [●] with IPO price of ₹ [●]. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
| Particulars | Amount |
|---|---|
| Financing the capital expenditure requirement for construction of New Office Building and Manufacturing facility | 5.5 |
| Repayment / prepayment, in full or part, of certain outstanding borrowings | 8 |
| Funding working capital requirements of our Company | 12 |
| General Corporate Purposes | [●] |
Religo Capital Advisors Private Limited is the book-running lead manager of the Maxwell Engineering Solutions IPO. Kfin Technologies Limited is the Registrar for Maxwell Engineering Solutions IPO.
Maxwell Engineering Solutions IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Maxwell Engineering Solutions IPO, based in Vadodara, operates in the Engineering sector with a focus on a precision engineering company. The company is launching its SME Upcoming IPO on the BSE SME exchange, using the Book Building Issue method. Maxwell Engineering Solutions IPO size is ₹ [●] with fresh issue size of ₹ 0 Cr. and Offer for sale being ₹ Nil
The IPO allotment date for Maxwell Engineering Solutions IPO is expected to be [●], after the finalization of basis of allotment. Investors can check Maxwell Engineering Solutions IPO allotment status on the registrars website, Kfin Technologies Limited . Maxwell Engineering Solutions IPO refund dates are [●].
Maxwell Engineering Solutions IPO is expected to be listed on [●].
The upper price band for the Maxwell Engineering Solutions IPO is set at ₹ [●] per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Maxwell Engineering Solutions IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Maxwell Engineering Solutions IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of [●]. After submission, funds are blocked until the basis of allotment of Maxwell Engineering Solutions IPO is finalised.
The merchant banker for Maxwell Engineering Solutions IPO is Religo Capital Advisors Private Limited . Religo Capital Advisors Private Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Maxwell Engineering Solutions IPO RHP for further details.
The registrar for Maxwell Engineering Solutions IPO is Kfin Technologies Limited . Investors can go to Kfin Technologies Limited registrar website for IPO allotment status, refund processing, and other queries related to Maxwell Engineering Solutions IPO through their official website or helpline.
Maxwell Engineering Solutions IPO was subscribed [●] times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
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IPO
Size:
[●]
Avg IPO Size (Sector Based)
:
₹ 25.15 Cr.
Sector: Engineering
SME
IPO so far:
112
Merchant Banker:
Religo Capital
SME
IPO by BRLM so far:
0
City:
Vadodara
SME
IPO so far:
26
Revenue (annualised):
₹ 22.09 cr.
PE
Ratio:
[●]
Average Sector PE Ratio: 15.33x
Maxwell Engineering Solutions IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Maxwell Engineering Solutions Financial Review Page
Merchant Banker(s) of Maxwell Engineering Solutions IPO: Religo Capital Advisors Private Limited
Maxwell Engineering Solutions IPO subscription was X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Maxwell Engineering Solutions IPO listed at a listing price of against the offer price of .
The current market price of Maxwell Engineering Solutions is .
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