Mumbai, Nov. 6 -- The scrip was listed at Rs 300.20, a 90% premium to the issue price. The stock is currently frozen at its upper limit of 5% from its listing price.

The counter hit a high of Rs 315.20 and a low of Rs 286.35. About 20.64 lakh shares changed hands on the NSE.

Maxwell Engineering Solutions' IPO was subscribed 491.38 times. The IPO opened for subscription on 30 October 2026 and closed on 3 November 2026. The price band was Rs 150-158 per share.

The IPO comprised entirely a fresh issue of 36.48 lakh equity shares aggregating to approximately Rs 57.64 crore.

The promoter and promoter group shareholding declined to 71.36% after the IPO from 97.26% before the issue.

The company plans to utilise Rs 18 crore of the IPO procee...