Maxwell Engineering IPO
Price Band
₹150 - ₹158
Grey Market Premium
₹80 (50.63%)
Open Date
30 Oct
Close Date
3 Nov
Issue Size
Approx ₹57.64 Crores
Lot Size
800 Shares
Current GMP
₹80 (50.63%)
| Date | IPO GMP | Trend | Gain | Last Updated |
|---|---|---|---|---|
| 3 November | ₹80 | 50.63% | 09:10 | |
| 2 November | ₹70 | 44.30% | 09:29 | |
| 1 November | ₹70 | 44.30% | 16:00 | |
| 31 October | ₹70 | 44.30% | 17:28 | |
| 30 October | ₹70 | 44.30% | 17:27 | |
| 29 October | ₹40 | 25.32% | 17:08 | |
| 28 October | ₹27 | 17.09% | 17:12 | |
| 27 October | No GMP | — | 17:11 |
About the Company
Since its establishment in September 2022, Maxwell Engineering Solutions has been a precision engineering firm involved in the manufacturing, trading, and servicing of critical components for underwater pelletizing systems. The company designs a diverse range of underwater pelletizing systems, including pelletizing die plates, pelletizing blades and knives, blade holders, cutter hubs, tapped driving bushes, and other spare parts. Its products are used in polymer compounding, masterbatches, engineering plastics, cable compounds, specialty polymers, and plastics recycling industries.
Maxwell operates its own manufacturing units at Vadodara, Gujarat, equipped with precision machining and testing equipment such as VMC, CNC, milling, EDM, wire-cut, lathe, and surface-grinding machines. Further, the company supplies its products to both domestic and international markets, including the USA, Germany, the Netherlands, Israel, Saudi Arabia, Japan, Australia, Italy, and other countries.
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