Maxwell Engineering Solutions Ltd. IPO

Min Investment
₹ 1,26,400 / 800 shares
Price Range
₹150 - ₹ 158
Bidding Dates
30 Oct '26 - 3 Nov '26
Total Issue Value
57.64 Cr
Lot Size
800
Total Issue Size
57.64 Cr
Listing At

IPO Timeline

  • 30 Oct 2026
    Bidding Starts
  • 3 Nov 2026
    Bidding Ends
  • 4 Nov 2026
    Allotment Finalization
  • 6 Nov 2026
    Listing

About Maxwell Engineering Solutions Ltd.

Our Company is a precision engineering company engaged in the business of manufacturing, trading and servicing of critical components for underwater pelletizing systems. Our company manufactures pelletizing die plates, pelletizing blades/knives, blade holders/cutter hub, tapped driving bush for underwater pelletizing systems and other spare items. To support our future growth and enhance our manufacturing capabilities, we commenced operations at our company-owned manufacturing facility situated at Plot Nos. 939 & 940, Waghodia GIDC, Vaghodia, Vadodara, Gujarat with effect from July 01, 2025 and have gradually transitioned manufacturing operations from our earlier leased facility situated at Shed No. 336/34/1-A, GIDC, Makarpura, Vadodara-390010, Gujarat, India. This expansion is expected to strengthen our production capabilities, improve operational efficiencies and progressively reduce our dependence on trading activities. We also undertake customized manufacturing based on customer specifications and offer our products on a white-label basis, enabling customers to market such products under their own brands while leveraging our manufacturing expertise. Our Company has entered into agreements with selected job workers to carry out specific processes related to its manufacturing operations. Under these arrangements, our Company supplies the required raw materials, while the job workers undertake operations such as machining, fabrication, welding, painting and other ancillary activities. We also outsource works requiring heat treatment, hardening, coating wherever required as we don't have the in-house facilities and to keep our manufacturing process clean, non-polluting with zero emissions.

Read More
Parent organisation
Founded
Maxwell Engineering Solutions Ltd.
2022

Maxwell Engineering Solutions Ltd. IPO Reservation

Investors Category Shares Offered
Anchor Investors 10,24,000 (28.07%)
Market Makers 2,22,400 (6.1%)
Non Institutional Investors 5,18,400 (14.21%)
Qualified Institutional Buyers (QIBs) 6,83,200 (18.73%)
Retail Individual Investors (RIIs) 12,00,000 (32.89%)

Maxwell Engineering Solutions Ltd. Financial Information

Year End Revenue PAT Reserves & Surplus
31 Mar 2026 30.76 Cr 11.86 Cr 14.82 Cr
31 Mar 2025 22.59 Cr 9.18 Cr 10.25 Cr
31 Mar 2024 10.87 Cr 3.16 Cr 3.32 Cr

Maxwell Engineering Solutions Ltd. Background

Major Events And Milestones
  • 2022
    Incorporation of the Company in the name and style of “Maxwell Engineering Solutions Private Limited”.
  • 2025
    2026 Received certificate of registration for with respect to quality management system under ISO 9001:2015 for Manufacturing and Supply of Die Plates/Heads, Pelletizing Blades/Knives, Blade Holders, Tapped Driving Bushes, which ensures that we maintain quality standards across all operations.
    Converted into Public Limited Company in the name and style of “Maxwell Engineering Solutions Limited”.
    Relocated our manufacturing facility from Shed No. 336/34/1-A, GIDC, Makarpura, Vadodara, Gujarat, India, 390010, to Plot 939 & 940, Waghodia GIDC, Vaghodia, Vadodara-391760, Gujarat, India. The new premises offer a significantly larger space, as our previous facility had an area of approximately 7,500 sq. ft., whereas our current unit spans 2,000 sq. meters.
    Awarded “Best Plastics & Polymers Brand Awards 2026” by ET Now Polymers
    Awarded National Leaders in Business Awards 2026 organised by Topnotch Foundation
  • 2026
    Awarded “Factory of the Year” by PrintWeek at Woman to Watch awards
Maxwell Engineering Solutions Ltd. Object of Issues

1. Financing the capital expenditure requirement towards Purchase of New Machineries, Lab Equipment & Other utilities for our Manufacturing Facility
2. Financing the capital expenditure requirement for Construction of New Office Building and Manufacturing facility
3. Repayment / prepayment, in full or part, of certain outstanding borrowings availed by our Company
4. Funding working capital requirements of our Company
5. General Corporate Purposes

Maxwell Engineering Solutions Ltd. IPO Listing Details
Listing Date
6 Nov 2026
ISIN
INE1W3F01014
Final Issue Price
₹ 158
Maxwell Engineering Solutions Ltd. Company Promoters

1. Rajkumar Chaudhary and
2. Vinubhai Kanjibhai Chavda
3. Ria Rajkumar Chaudhary

Industry Overview

Engineering is the largest industrial sector in India and accounts for 3.53% of the country's Gross Domestic Product (GDP). The country's engineering sector comprises manufacturing iron, steel, related products, non-ferrous metals, industrial machinery, automobiles, auto components, and other ... Read more

Maxwell Engineering Solutions Ltd. Contact Details
Address: Plot 939 & 940, Waghodia GIDC, Vaghodia, Vadodra Gujarat - 391760
Phone no:9638542674
9638542674
|
Maxwell Engineering Solutions Ltd. IPO Registrar
KFin Technologies Ltd.
301, The Centrium, 3rd Floor, 57 Lal Bahadur, Shastri Road, Nav Pada, Kurla (West), Kurla, Mumbai Maharashtra - 400070
67162222
Maxwell Engineering Solutions Ltd. IPO Lead Manager(s)
JDA Capital Services Ltd.
Samudra Complex, Office no. 701-702, Nr. Girish Cold Drinks, off. C G Road, Navrangpura, Ahmedabad Gujarat - 380009
66664040

FAQs

When does Maxwell Engineering Solutions Ltd. IPO opens and closes?

Maxwell Engineering Solutions Ltd. IPO opens from 30th October to 3rd November 2026.

What is the size of Maxwell Engineering Solutions Ltd. IPO?

The size of the Maxwell Engineering Solutions Ltd. IPO is ₹57.64 Cr.

What is the price range of Maxwell Engineering Solutions Ltd. IPO?

The price range of Maxwell Engineering Solutions Ltd. IPO is at ₹150 to ₹158 per share.

What is the minimum investment and lot size required for the Maxwell Engineering Solutions Ltd. IPO?

The minimum investment required is ₹1,26,400 and minimum lot size is 800 shares.

When is Maxwell Engineering Solutions Ltd. IPO listing date?

The Maxwell Engineering Solutions Ltd. IPO will be listed on 6th November 2026.

What is the objective of Maxwell Engineering Solutions Ltd. IPO?

1. Financing the capital expenditure requirement towards Purchase of New Machineries, Lab Equipment & Other utilities for our Manufacturing Facility
2. Financing the capital expenditure requirement for Construction of New Office Building and Manufacturing facility
3. Repayment / prepayment, in full or part, of certain outstanding borrowings availed by our Company
4. Funding working capital requirements of our Company
5. General Corporate Purposes

Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article

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