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InvestmentsIPOMaxwell Engineering Solutions IPO

Maxwell Engineering Solutions IPO

SME

Open Date

30 Oct 2026

Close Date

3 Nov 2026

Min Investment

₹ 2,40,000

Lot Size

800

Issue Size

₹ 57.64 Cr

Price Range

₹ 150 - ₹ 158

Subscribed

42.25 x
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status

IPO Open Now.

IPO Timeline
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IPO Offer Start
30 Oct 2026
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IPO Offer Ends
3 Nov 2026
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Allotment Finalisation
4 Nov 2026
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Refund Initialisation
5 Nov 2026
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Non-Institutional Buyers (sHNI)
5 Nov 2026
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Listing of Shares
6 Nov 2026
IPO Subscription Details as on 2 Nov 2026, 01:19 PM
Qualified Instituational Buyers (QiB)
0 x
Retail
60.93 x
Total
42.25 x
Non-Institutional Buyer (bHNI)
56.99 x
Non-Institutional Buyer (sHNI)
50.1 x
Note: This information is provided for general guidance only. Dates may be subject to change.
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About the Company
Incorporated in September 2022, Maxwell Engineering Solutions Limited is a precision engineering company engaged in the manufacturing, trading and servicing of critical components for underwater pelletizing systems. The Company manufactures a range of components for underwater pelletizing systems, including pelletizing die plates, pelletizing blades and knives, blade holders, cutter hubs, tapped driving bushes and other spare parts. Its products cater to polymer compounding, masterbatches, engineering plastics, cable compounds, specialty polymers and plastics recycling industries. The Company also undertakes customised manufacturing based on customer specifications and offers white-label manufacturing, enabling customers to market products under their own brands. Its business operates through three segments: manufacturing, services and trading.
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Founded In

2022

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CEO

-

Financials of Maxwell Engineering Solutions IPO

Income Statement
Balance Sheet
Cash Flows
Total Income
Total Expenses
Total Profit
Key Performance IndicatorsMar 2025Mar 2026Jul 2026
Operating Revenue22.1029.4511.88
Other Income0.491.310.37
Total Income
22.5930.7612.25
Total Expenses
11.5416.368.58
Profit Before Tax11.0614.403.66
Total Profit
9.1811.863.05

All figures are in crores (₹)

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Utilisation of Proceeds

All figures are in crores (₹)

PurposeAmount
Financing the capital expenditure requirement towards Purchase of New Machineries, Lab Equipment & Other utilities for our Manufacturing Facility18
Financing the capital expenditure requirement for construction of New Office Building and Manufacturing facility7
Repayment / prepayment, in full or part, of certain outstanding borrowings availed by our Company4
Funding working capital requirements of our Company14
General Corporate Purposes-
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  • Experienced Promoters and Management Team: The company is guided by promoters with significant industry knowledge and experience, through which business strategies are formulated and implemented. Functional responsibilities are shared among the promoters, supported by experienced staff at different levels, enabling effective management of operations and the pursuit of current and future market opportunities.
  • Existing Client Relationships: Strong customer relationships have been developed through attention to specific customer requirements, timely order fulfilment and consistent product quality. Customer satisfaction is supported by comprehensive after-sales service, with product returns facilitated in the event of quality issues.
  • Quality Service: High standards of service quality and timely delivery are maintained through stringent systems designed to minimise errors and product rejections. Customer goodwill, retention, repeat orders and expansion of the customer base have been supported by consistent service delivery.
  • Well-Established Systems and Procedures: Established systems and procedures are used to coordinate machinery and manpower for achieving operational objectives. Production processes are designed to support efficiency and quality, while machinery is selected and maintained in line with industry standards to enhance productivity and minimise downtime. Workforce training is also provided to support proficient equipment operation.
  • "Revenue from Multiple Geographies: Revenue is generated from domestic markets across India and export markets spanning more than 20 countries, while products are marketed in over 25 countries. Export sales accounted for approximately 84.73%, 82.43% and 80.38% of revenue from operations in FY2026, FY2025 and FY2024, respectively. Domestic sales contributed approximately 15.27%, 17.57% and 19.62% during the same periods. Geographical diversification supports customer-base expansion, access to global technological developments and reduced dependence on individual markets.

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SEBI Stock Broker Registration No: INZ000006031 | Depository Participant (CDSL) ID: IN-DP-289-2016 | SEBI Research Analyst Registration No: INH000023357
Exchange Membership No. : NSE: 90133 | BSE: 6593 | MCX: 56320
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