Maxwell Engineering Solutions IPO Subscription Status Day 3: Overall Subscription Reaches 528.90x
Varda Khade
- 0 min read
Last Updated: 3rd November 2026 - 05:19 pm
Maxwell Engineering Solutions IPO subscription reached 528.90 times on Day 3, as of 3:55 PM on November 3, 2026. The public issue received bids for 1,27,02,02,400 shares against 24,01,600 shares available for subscription, excluding the anchor investor and market maker portions.
The NII category recorded the highest subscription among the main investor categories at 855.21 times, followed by Individual Investors at 541.34 times. The QIB portion was subscribed 259.44 times.
Subscription Status of Maxwell Engineering Solutions IPO
| Date | QIB | NII | Individual | Total |
|---|---|---|---|---|
| Day 1 (October 30) | 00.00 | 3.94 | 7.61 | 4.65 |
| Day 2 (November 2) | 00.00 | 117.36 | 111.61 | 81.10 |
| Day 3 (November 3) | 259.44 | 855.21 | 541.34 | 528.90 |
Here are the subscription details for on the Maxwell Engineering Solutions IPO day 3, as of 5:39:06 PM:
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total |
|---|---|---|---|---|
| Anchor | 1 | 10,24,000 | 10,24,000 | 16.18 |
| Market Maker | 1 | 2,22,400 | 2,22,400 | 3.51 |
| QIB | 259.44 | 6,83,200 | 17,72,50,400 | 2,800.56 |
| NII | 855.21 | 5,18,400 | 44,33,39,200 | 7,004.76 |
| Individual | 541.34 | 12,00,000 | 64,96,12,800 | 10,263.88 |
| Total | 528.90 | 24,01,600 | 1,27,02,02,400 |
20,069.20 |
Key Highlights - Day 3
- Maxwell Engineering Solutions IPO reached an overall subscription of 528.90 times on Day 3, compared with 81.10 times on Day 2, reflecting a substantial increase in subscription during the final bidding session.
- The NII category recorded the highest subscription at 855.21 times, while Individual Investors subscribed 541.34 times. The QIB category reached 259.44 times.
- The issue received bids for 1,27,02,02,400 shares against 24,01,600 shares available for public subscription, excluding the anchor and market maker allocations.
Key Highlights – Day 2
- Maxwell Engineering Solutions IPO was subscribed 81.10 times on November 2, 2026, compared with 4.65 times on the opening day.
- The NII category recorded a subscription of 117.36 times, compared with 3.94 times on Day 1.
- Individual Investors subscribed 111.61 times on Day 2, while the QIB category remained at 0.00 times.
Key Highlights – Day 1
- Maxwell Engineering Solutions IPO recorded an overall subscription of 4.65 times on October 30, 2026.
- Individual Investors led subscription on the opening day at 7.61 times, followed by the NII category at 3.94 times.
- The QIB portion recorded 0.00 times subscription on Day 1, while the other main investor categories exceeded their respective allocations.
About Maxwell Engineering Solutions
Maxwell Engineering Solutions Limited is a precision engineering company engaged in manufacturing, trading and servicing components used in underwater pelletising systems. Its principal products include pelletising die plates, blades, knives, cutter hubs, blade holders and tapped driving bushes. These components are used in polymer processing, engineering plastics, cable compounds and plastics recycling applications.
The company operates a manufacturing facility in the Waghodia industrial area of Vadodara, Gujarat. It also provides customised manufacturing, equipment-component refurbishment, repair services and trading support. Its operations serve domestic and international customers, with manufacturing, services and trading forming its principal business segments.
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