IPO Listing Watch: Maxwell, HGS India, Johnsoncab and Vectras — 6 November 2026

6 November 2026 listing watch. Four recently closed SME IPOs — Maxwell Engineering Solutions, HGS (India), Johnsoncab Electricals and Vectras Enprocon — were scheduled to list on 6 November. This roundup tracks their published issue details and explains what to verify on the exchange. It does not claim an actual opening price without a confirmed exchange quote.

Four SME IPOs in focus

IPOIssue price bandScheduled listingFull guide
Maxwell Engineering Solutions₹150–₹1586 Nov 2026Maxwell IPO details
HGS (India)₹114–₹1206 Nov 2026HGS India IPO details
Johnsoncab Electricals₹190–₹2006 Nov 2026Johnsoncab IPO details
Vectras Enprocon₹99–₹1056 Nov 2026Vectras IPO details

Schedule and price-band references: INDmoney SME IPO calendar and Upstox recently closed SME IPO tracker. Exchange schedules may change.

Which issues attracted stronger subscription demand?

Upstox’s closed-IPO tracker displayed subscription multiples of approximately 534.65× for Maxwell, 173.78× for HGS India, 23.61× for Johnsoncab and 4.22× for Vectras. These are tracker figures, not guarantees of positive listing returns; verify final exchange subscription records when making comparisons.

GMP versus actual listing price

Grey market premium is an unofficial quote that can move sharply or disappear. A GMP-based expected listing price is simply the issue price plus the reported GMP, not a promised market opening price. To check dated observations, visit our IPO GMP table. For a primer, see what IPO GMP means.

How to check actual listing performance

  • Confirm the exchange and symbol in the final listing notice.
  • Check the official NSE or BSE quote for the opening traded price.
  • Compare that price with the final issue price, and distinguish opening gain from later intraday movement.
  • Do not confuse subscription multiples or pre-listing GMP with realized investor returns.

What comes next?

Vedant Poly Fabs was scheduled for 9 November 2026 listing, while Antala Industries was scheduled for 11 November. For other planned offerings, visit the upcoming IPO overview.

Updated 6 November 2026. Dates and tracker statistics are source-attributed snapshots. Actual listing prices are deliberately omitted until independently verified. This is not investment advice.

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