Maxwell Engineering Solutions IPO
Maxwell Engineering Solutions is a SME IPO with a current status of LISTED. The price band is 150 - 158. The issue opens on 30 OCT and closes on 03 NOV. The listing date is 06 NOV.
Price Band
150 - 158
Unofficial GMP
₹110
Lot Size
800 shares
Minimum Investment
₹2,40,000
Maxwell Engineering Solutions IPO GMP
The latest available GMP is ₹110. Grey Market Premium is unofficial, may change frequently and does not guarantee the listing price, listing gains or investment returns.
Estimated Listing Price
₹268.00
Estimated Gain
+69.6%
Maxwell Engineering Solutions IPO GMP History
43
28 OCT
70
29 OCT
70
30 OCT
70
31 OCT
70
01 NOV
80
02 NOV
82
03 NOV
115
05 NOV
110
06 NOV
Maxwell Engineering Solutions IPO Details
- IPO Type
- SME
- Status
- LISTED
- Price Band
- 150 - 158
- Issue Size
- 57.64.CR
- Issue Type
- Book Build Issue
- Fresh Issue
- ₹54.12 Cr
- Face Value
- 10
- Lot Size
- 800
- Minimum Investment
- 2,40,000
- Exchange
- NSE/BSE
- Registrar
- Kfin Technologies Ltd.
- Lead Managers
- JDA Capital Services Ltd.
- Market Maker
- ₹3.51 Cr
Maxwell Engineering Solutions IPO Dates
- Open Date
- 30 OCT
- Close Date
- 03 NOV
- Allotment Date
- 04 NOV
- Refund Date
- 06 NOV
- Demat Credit Date
- 06 NOV
- Listing Date
- 06 NOV
Maxwell Engineering Solutions IPO Subscription
- QIB
- 259.45x
- NII / HNI
- 857.65x
- Retail
- 556.09x
- Employee
- --
- Total Subscription
- 536.80x
Maxwell Engineering Solutions IPO Financials
Revenue
FY2026
₹29.45 Cr
+33.26% vs FY2025
PAT
FY2026
₹11.86 Cr
+29.33% vs FY2025
Total Assets
FY2026
₹47.55 Cr
+87.87% vs FY2025
| Particulars | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue | 10.54 | 22.10 | 29.45 |
| Net Profit | 3.16 | 9.17 | 11.86 |
| Total Assets | 8.51 | 25.31 | 47.55 |
Maxwell Engineering Solutions IPO Valuation
- Market Cap (Post IPO)
- ₹216.43 Cr
- EPS
- ₹8.66
- P/E Ratio
- 18.25x
- Price to Book Value
- 6.39x
- Industry P/E
- 99x
- ROE
- 62.63%
- ROCE
- 38.46%
- RONW
- 47.70%
- Debt / Equity
- 0.67
- PAT Margin
- 40.28%
- EBITDA Margin
- 51.58%
- Valuation
- FAIR
Maxwell Engineering Solutions Peer Comparison
| Peer | Revenue | PAT | EPS | P/E | ROE | RONW | Debt / Equity |
|---|---|---|---|---|---|---|---|
| Kabra Extrusiontechnik Ltd. | ₹451.00 Cr | -₹2.44 Cr | -₹0.70 | -- | -0.54% | -0.54% | -- |
| Omnitech Engineering Ltd. | Omnitech Engineering Ltd. | ₹79.36 Cr | ₹6.42 | 99.00x | -- | 11.28% | -- |
| Sunita Tools Ltd. | ₹47.31 Cr | ₹6.18 Cr | ₹10.53 | 100.65x | -- | 10.80% | -- |
Maxwell Engineering Solutions IPO Market Lot
| Category | Lots | Shares | Investment |
|---|---|---|---|
| Retail Minimum | 2 | 1,600 | ₹2,52,800 |
| Retail Maximum | 2 | 1,600 | ₹2,52,800 |
| Small HNI | 3 | 2,400 | ₹3,79,200 |
| Big HNI | 8 | 6,400 | ₹10,11,200 |
Maxwell Engineering Solutions IPO Reservation
- QIB
- 49.84%
- NII / HNI
- 15.13%
- Retail
- 35.03%
Maxwell Engineering Solutions Promoter Holding and Anchor Allocation
- Pre-IPO Promoter Holding
- 97.26%
- Post-IPO Promoter Holding
- 71.36%
Maxwell Engineering Solutions Company Overview
Maxwell Engineering Solutions Limited is an India-based precision engineering company incorporated on 13 September 2022. The company is engaged in manufacturing, trading and servicing of critical components used in underwater pelletizing systems. Its major products include pelletizing die plates, pelletizing blades and knives, blade holders, cutter hubs, tapped driving bushes and other precision-engineered spare components. The company's products are used in polymer processing, plastic compounding, masterbatch manufacturing, engineering plastics, cable compounds, specialty polymers and plastic recycling industries. The company operates its own manufacturing facility at Waghodia GIDC, Vadodara, Gujarat, which commenced operations in July 2025. It also provides customized manufacturing, refurbishment, repair and technical support services. Maxwell serves domestic and international customers and has developed export-oriented business operations. Its manufacturing capabilities include CNC, VMC, milling, EDM and other precision machining facilities.
Maxwell Engineering Solutions Business Model
**Manufacturing** - Pelletizing Die Plates - Pelletizing Blades and Knives - Blade Holders and Cutter Hubs - Tapped Driving Bushes - Customized and White-label Manufacturing **Services** - Die Plate Refurbishment and Repairs - Technical Support - Intermediary Support for CJTEK Components - Management Consulting **Trading** - Industrial Spare Components - Pelletizing System Accessories - Complementary Engineering Products **End-user Industries** - Polymer Compounding - Masterbatch - Engineering Plastics - Wires and Cables - Plastic Recycling - Specialty Polymers
Maxwell Engineering Solutions Objects of the Issue
Purpose Amount Purchase of new machinery, lab equipment and utilities ₹18.00 Cr Construction of new office and manufacturing facility ₹6.50 Cr Repayment / prepayment of borrowings ₹4.30 Cr Working Capital Requirements ₹14.00 Cr General Corporate Purposes ₹14.84 Cr Total Issue Size ₹57.64 Cr.
Maxwell Engineering Solutions Strengths
1. Specialized precision engineering capabilities in underwater pelletizing system components. 2. Experienced promoters with over 22 years of industry experience. 3. International customer presence across more than 20 countries. 4. Customized manufacturing capabilities and customer-specific engineering solutions. 5. Modern manufacturing infrastructure with CNC and VMC machinery. 6. In-house research and development capabilities. 7. Strong historical revenue and profitability growth. 8. ISO 9001:2015 certification and quality-focused manufacturing processes.
Maxwell Engineering Solutions Risks
1. High supplier concentration may affect raw material availability and procurement costs. 2. Dependence on international markets exposes the company to foreign exchange and geopolitical risks. 3. Raw material price fluctuations may impact operating margins. 4. Certain specialized manufacturing processes are outsourced to external job workers. 5. The company's owned manufacturing facility commenced operations only in July 2025, giving it a relatively limited operating track record. 6. Increasing working capital requirements may put pressure on cash flows. 7. Expansion and capital expenditure projects may face execution delays and cost overruns. 8. Dependence on key customers and suppliers may affect business continuity.
Maxwell Engineering Solutions Frequently Asked Questions
What is the Maxwell Engineering Solutions IPO price band?
The Maxwell Engineering Solutions IPO price band is 150 - 158.
What is the latest Maxwell Engineering Solutions IPO GMP?
The latest available Maxwell Engineering Solutions IPO GMP in the IPOWEB database is ₹110. GMP is unofficial and does not guarantee a listing gain.
When does the Maxwell Engineering Solutions IPO open and close?
The Maxwell Engineering Solutions IPO opens on 30 OCT and closes on 03 NOV.
When is the Maxwell Engineering Solutions IPO allotment date?
The Maxwell Engineering Solutions IPO allotment date is 04 NOV.
When is the Maxwell Engineering Solutions IPO listing date?
The Maxwell Engineering Solutions IPO listing date is 06 NOV.
What is the Maxwell Engineering Solutions IPO subscription?
The latest total subscription available for the Maxwell Engineering Solutions IPO is 536.80x.