IPO
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 of Maxwell Engineering Solutions Limited ("MESL" or the "Company" or the "Issuer") for cash at a price of Rs. [*]/- per equity share including a share premium of Rs. [*]/- per equity share (the "Issue Price") aggregating to Rs. [*] Crores ("the Issue"), of which 2,22,400 equity shares of face value of Rs. 10/- each for cash at a price of Rs. [*]/- per equity share including a share premium of Rs. [*]/- per equity share aggregating to Rs. [*] Crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. Net issue of 34,25,600 equity shares of face value of Rs. 10/- each at a price of Rs. [*]/- per equity share including a share premium of Rs. [*]/- per equity share aggregating to Rs. [*] Crores is herein after referred to as the "Net Issue". The issue and the net issue will constitute 26.63% and 25.01%, respectively, of the post issue paid up equity share capital of the company. Price Band: Rs. 150/- to Rs. 158/- for equity share of face value of Rs. 10 each. The floor price is 15.00 times times the face value and 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 Money Payable On
Opens On Closes On Application Allotment
 30-Oct-26  03-Nov-26  150.00-158.00  0.00-0.00
Minimum Application for shares in Nos :  1600   Further Multiples of :  800
  Rs Cr Lead Managers to the Issue
Project Cost  0.00 JDA Capital Services Limited
Project Financed through Current Offer  54.72  
Post Issue Equity Share Capital  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
 
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