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JDA Capital Services Limited
Notices
IPO of Maxwell Engineering Solutions Limited (NSE Emerge) opens on 30 October 2026 and closes on 3 November 2026. Price band ₹150–₹158 per share. JDA Capital Services Limited is the Book Running Lead Manager.Dear Investor, please note that the account closing facility is now available online and can be accessed with your login credentials on https://rekyc.beelinebroking.com/. For the detailed procedure, see the Online Account Closure Procedure Manual (PDF).Stock brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020.Update your mobile number & email ID with your stock broker / depository participant and receive OTP directly from the depository on your email ID and/or mobile number to create a pledge.Pay 20% upfront margin of the transaction value to trade in the cash market segment.Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard.Check your Securities / MF / Bonds in the consolidated account statement issued by NSDL/CDSL every month.Investors may please refer to the Investor Charter as per SEBI circular Ref No. SEBI/HO/IMD/IMD-II CIS/P/CIR/2 dated December 13, 2021.View all Notices
Capital. Strategy. Execution.

Where Ambition Meets the Capital Markets.

We advise businesses and promoters on the decisions that shape their next phase of growth. From IPOs and capital raising to strategic transactions, JDA Capital combines market insight, financial expertise and disciplined execution.

SEBI Registered Category I Merchant Banker  ·  Reg. No. INM000012546

Capital. Strategy. Execution.

Where Ambition Meets the Capital Markets.

Whether you’re planning an IPO, raising growth capital or trading the markets, JDA Capital brings the regulatory depth of an investment banker and the reach of a broker to every decision. Market insight, financial expertise and disciplined execution — on one desk.

SEBI Registered Category I Merchant Banker  ·  Reg. No. INM000012546

Capital. Strategy. Execution.

Where Ambition Meets the Capital Markets.

From IPOs and capital raising to strategic transactions and broking, JDA Capital turns market opportunity into executed outcomes — combining an investment banker’s rigour with a broker’s command of the markets.

SEBI Registered Category I Merchant Banker  ·  Reg. No. INM000012546

1Active Mandate
14+Public issues
13Listed transactions
2014Established
Our businesses

What We Do

Investment Banking

Capital-market solutions and strategic advice for companies and promoters, including IPOs, capital raising, mergers and acquisitions, and other strategic transactions.

Explore Investment Banking

Corporate Advisory

Independent advice on valuation, restructuring, strategic alternatives and other important corporate decisions.

Explore Corporate Advisory

Broking

Market access and execution capabilities for investors and market participants.

Explore Broking
Two advisers reviewing financial documents at a laptop
The JDA approach

Beyond the Transaction.

Capital is not simply about raising money. It is about choosing the right path for the business.

We work with promoters and companies to understand the business, evaluate alternatives, structure the transaction and execute with precision.

Our Approach
01

Business-Led Advisory

We start with your business, its goals and its position, then structure the transaction around what the company actually needs.

02

Capital Markets Insight

We bring a practical view of investors, valuation, regulation and deal structure, so recommendations reflect how the market will respond.

03

Senior-Level Engagement

We keep experienced senior professionals closely involved in every key mandate, from the first evaluation through execution to final completion.

04

Disciplined Execution

We coordinate advisors, regulators and investors from the first step to closing, keeping documentation accurate and the timeline on track.

05

Long-Term Perspective

We build relationships that evolve with your needs, supporting you as capital and strategic requirements change, well beyond any transaction.

Why JDA

Focused on What Matters.

Advisers discussing strategy
05Principles behind
every mandate.
Sectors

Sector Understanding. Financial Perspective.

Financial Services

We consider lending models, asset quality, funding structures, regulatory requirements, technology adoption and scalability across banks, NBFCs, fintech companies and financial platforms.

Technology

We examine revenue models, recurring income, customer concentration, product differentiation, intellectual property and the ability to scale technology platforms efficiently.

Healthcare

We look at product portfolios, manufacturing capabilities, research and development, quality standards, regulatory approvals and the investment required for capacity expansion.

Consumer & Retail

We assess brand strength, distribution networks, customer demand, inventory cycles, working capital requirements and the economics of expanding into new markets.

Manufacturing and Engineering

We evaluate order books, production capacity, machinery requirements, customer concentration, export exposure and the relationship between capital expenditure and future revenue.

Infrastructure & Real Assets

We consider project lifecycles, asset intensity, funding structures, execution risks, cash-flow visibility and the long-term financing needs of infrastructure and renewable energy businesses.

Discuss Your Sector

Leadership

Experience. Accountability. Perspective.

People behind the decisions. Clients value judgment, accessibility and accountability when decisions carry significant consequences.

Mr. Deepak Sharma

Director & Principal Officer

Mr. Abhishek Jain

Head – Merchant Banking

Mrs. Mona Sandhir

Director & Broking Compliance Officer

Meet the Leadership Team

Our clients

Clients We Have Worked With.

Maxwell Engineering Solutions Limited

RoleLead Manager
TypePublic Issue (SME IPO)
SectorPrecision Engineering
Issue size₹57.64 Cr
ExchangeNSE Emerge
Year2026
Upcoming IPOView details

Mangalam Worldwide Limited

RoleLead Manager
TypePublic Issue (SME IPO)
SectorSteel (Stainless Steel)
Issue size₹65.58 Cr
ExchangeNSE Emerge
Year2022
CompletedView details

Shashwat Furnishing Solutions Limited

RoleLead Manager
TypePublic Issue (SME IPO)
SectorFurniture & Handicrafts
Issue size₹2.51 Cr
ExchangeBSE SME
Year2022
CompletedView details

Kotyark Industries Limited

RoleLead Manager
TypePublic Issue (SME IPO)
SectorRenewable Energy (Biodiesel)
Issue size₹11.26 Cr
ExchangeNSE Emerge
Year2021
CompletedView details

D.K. Enterprises Global Limited

RoleLead Manager
TypePublic Issue (SME IPO)
SectorPackaging
Issue size₹7.99 Cr
ExchangeNSE Emerge
Year2021
CompletedView details

Samor Reality Limited

RoleLead Manager
TypePublic Issue (SME IPO)
SectorReal Estate
Issue size₹8.06 Cr
ExchangeBSE SME
Year2021
CompletedView details

Quadpro Ites Limited

RoleLead Manager
TypePublic Issue (SME IPO)
SectorIT-enabled Services (BFSI)
Issue size₹14.10 Cr
ExchangeNSE Emerge
Year2021
CompletedView details

Walpar Nutritions Limited

RoleLead Manager
TypePublic Issue (SME IPO)
SectorPharmaceuticals & Nutraceuticals
Issue size₹6.60 Cr
ExchangeNSE Emerge
Year2021
CompletedView details

Abhishek Integrations Limited

RoleLead Manager
TypePublic Issue (SME IPO)
SectorInfrastructure (Airport Services)
Issue size₹4.95 Cr
ExchangeNSE Emerge
Year2021
CompletedView details

MRP Agro Limited

RoleLead Manager
TypePublic Issue (SME IPO)
SectorAgri Commodities Trading
Issue size₹3.24 Cr
ExchangeBSE SME
Year2021
CompletedView details
JDA Insights

Perspectives for Better Decisions.

SME IPO vs Main Board IPO: Key Differences, Eligibility and Strategic Considerations
IPO & Capital Markets23 Oct 2026

SME IPO vs Main Board IPO: Key Differences, Eligibility and Strategic Considerations

For growing companies seeking public capital in India, choosing the appropriate listing destination is a pivotal strategic decision.

Read article
SME IPO in India: Eligibility, Process, Costs and Listing Requirements
SME & Entrepreneurship23 Oct 2026

SME IPO in India: Eligibility, Process, Costs and Listing Requirements

Many profitable, closely held Indian companies are too small for a Main Board IPO but have outgrown bank debt and private funding.

Read article
Company Valuation Before an IPO: Methods, Drivers and Common Mistakes
Corporate Strategy23 Oct 2026

Company Valuation Before an IPO: Methods, Drivers and Common Mistakes

Determining the valuation of a company prior to an Initial Public Offering (IPO) is one of the most critical steps in the listing process.

Read article

View All Insights

Get in touch

Your Next Capital Decision Starts Here.

Whether you are considering an IPO, raising capital or evaluating a strategic transaction, let’s discuss the right path forward.

What happens next
  1. 01

    Share your requirement

    Tell us about the business and what you want to achieve.

  2. 02

    We review and respond

    A senior member of the team reviews your enquiry and gets back to you.

  3. 03

    Plan the way forward

    We outline the options and the right path for the transaction.

Broking access and services remain subject to eligibility, applicable rules, platform availability and current terms.

Tell us about your requirement

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