Maxwell Engineering Solutions IPO Allotment Status: Check Allotment on NSE & Registrar

The Maxwell Engineering Solutions IPO allotment is scheduled to be finalised on November 4, 2026. Investors who applied for the IPO can check their Maxwell Engineering Solutions IPO allotment status through the NSE or the official registrar, KFin Technologies Limited. Applicants can verify whether shares have been allotted using their PAN, application number or demat account details.

The Maxwell Engineering Solutions IPO received an overall subscription of 536.80 times during the bidding period that ended on November 3, 2026. The NII category recorded the highest subscription at 857.65 times, followed by Individual Investors at 556.10 times and QIB investors at 259.45 times.

Successful applicants are scheduled to receive shares in their demat accounts on November 5, 2026, while funds blocked for unsuccessful applicants are expected to be released on the same date. Maxwell Engineering Solutions shares are scheduled to list on the NSE SME platform on November 6, 2026.

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How to Check Maxwell Engineering Solutions IPO Allotment on NSE?

• Visit the NSE IPO bid verification page: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Select the Equity and SME IPO bid details option.
• Choose "Maxwell Engineering Solutions Limited" or the applicable trading symbol from the issue list.
• Enter the required application number and PAN details.
• Complete any verification requested by the platform.
• Submit the form to view the available application or allotment details.

How to Check Maxwell Engineering Solutions IPO Allotment Through Registrar?

KFin Technologies Limited is the official registrar for the Maxwell Engineering Solutions IPO.

Investors can check their allotment status through the registrar's online portal using the following steps:

• Visit the KFin Technologies IPO allotment status portal: https://ipostatus.kfintech.com/
• Select "Maxwell Engineering Solutions Limited" from the available IPO list.
• Choose the preferred search method, such as PAN, application number or demat account details.
• Enter the required information in the relevant field.
• Complete the verification process, if applicable.
• Submit the details to view the allotment status.

Maxwell Engineering Solutions IPO Subscription Status 

Individual Investors subscribed 556.10 times, while the QIB portion, excluding anchor investors, received 259.45 times subscription.

The IPO received bids for 1,28,91,84,800 shares against 24,01,600 shares available for public subscription, excluding the anchor investor and market maker portions. The total bid amount stood at ₹20,369.12 crore at the upper end of the price band.

Maxwell Engineering Solutions IPO Details

Maxwell Engineering Solutions IPO was a ₹57.64 crore book-building issue, comprising entirely a fresh issue of equity shares. The price band was fixed at ₹150 to ₹158 per share, with a face value of ₹10 per equity share.

The issue comprised 36,48,000 equity shares. Of the allocation, 10,24,000 shares were reserved for anchor investors, 6,83,200 shares for QIB investors excluding anchors, 5,18,400 shares for Non-Institutional Investors, 12,00,000 shares for Individual Investors and 2,22,400 shares for the market maker.

The company allocated 10,24,000 shares to anchor investors at ₹158 per share, representing an anchor allocation of ₹16.18 crore.

The IPO opened for subscription on October 30, 2026, and closed on November 3, 2026. The allotment is scheduled for November 4, followed by refunds and demat credits on November 5. The company's shares are proposed to list on the NSE SME platform on November 6, 2026.

The company manufactures, trades and services engineering components used in underwater pelletising systems. Its operations include specialised equipment and components used in plastics and polymer-processing applications.

The company intends to utilise the proceeds from the fresh issue for purchasing machinery, laboratory equipment and other utilities, constructing office and manufacturing facilities, repaying certain borrowings, meeting working capital requirements and general corporate purposes.