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IPO-Synopsis
Maxwell Engineering Solutions Ltd
  • Registered Office: Plot 939 & 940 Waghodia GIDC,Vaghhodia, Vadodara - 391760, Gujarat, India. Phone : +91 96385 42674   Fax:
  • Email : cs@maxwells.in
  • Website :www.maxwells.in
Initial public issue of upto 36,48,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of Maxwell Engineering Solutions Limited (the "Company" or "MESL" or "Issuer") for cash at a price of Rs. 150-158 per equity share including a share premium of Rs. 140-148 per equity share for cash, aggregating up to Rs. 54.72-57.64 Crores ("Public Issue"), of which 2,22,400 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 150-158 per equity share for cash, aggregating Rs. 3.34-3.52 Crores will be reserved for subscription by market maker (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. Issue of 34,25,600 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 150-158 per equity share for cash, aggregating to Rs. 51.38-54.12 Crores is herein after referred to as the "Net Issue". The public issue and the net issue will constitute 26.63% and up to 25.01% respectively of the post-issue paid up equity share capital of the company. Price Band: Rs. 150/- to Rs. 158/- per equity share of face value Rs. 10/- each. The floor price is 15.00 times of the face value and the cap price is 15.80 times of the face value of the equity shares. Bids can made for a minimum of 1,600 equity shares and in multiples of 800 equity shares thereafter.
Issue
Opens On Closes On
30-Oct-26 03-Nov-26
Money Payable On
Application Allotment
150.00 0.00
Minimum Application for shares in Nos : 1600 Further Multiples of : 800
Cr Lead Managers to the Issue
Project Cost (.Cr) 0.00 JDA Capital Services Limited
Project Financed through Current Offer (.Cr) 54.72  
Post Issue Equity Share Capital (.Cr) 13.70
Issue Price () 150.00
Projects
Financing the capital expenditure requirement towards Purchase of New Machineries & Other utilities for the Manufacturing Facility
Financing the capital expenditure requirement for construction of New Office Building and Manufacturing facility
Repayment / prepayment, in full or part, of certain outstanding borrowings availed by the Company
Funding working capital requirements of the Company
General corporate purposes
Promoted By
Rajkumar Chaudhary
Vinubhai Kanjibhai Chavda
Ria Rajkumar Chaudhary
Listing At
NSE - SME
Registrar to the Issue
KFin Technologies Ltd

DJIA 52165.19
373.88 0.72%
S&P 500 7596.72
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HANG SENG 23506.64
113.31 0.48%
NIKKEI 225 63112.86
-177.25 -0.28%
FTSE 100 10768.78
39.00 0.36%
NIFTY 23810.85
370.05 1.58%
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