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Maxwell Engineering Solutions IPO
Price Band
₹150.0–158.0
Issue Size
₹57.64 Cr
Lot Size
800 shares
Min Investment
₹252,800
2 LOTS MIN
GMP
—
Issue Price
₹158.0
Maxwell Engineering Solutions IPO AI Summary
- Maxwell Engineering Solutions IPO is upcoming on NSE SME in the Other Industrial Products sector.
- Price band: ₹150.0–₹158.0 per share, lot size 800 shares (min. investment ₹252,800, 2 lots minimum).
- Subscription window: 30 Oct–03 Nov 2026, listing on 06 Nov 2026.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Important Dates
Subscription Status
IPO not open yet
Opens 30 Oct 2026 · in 3 days
Maxwell Engineering Solutions IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
TopFund Score — Listing Data Indicator
GMP not yet available
Subscription not open yet
No anchor allocation for this IPO
Similar IPOs (same sector & type) averaged 42.2% listing gain
A rules-based composite of GMP, subscription demand, anchor participation and comparable-IPO history — each weighted as shown above. Not a statistically validated probability, a guarantee of listing performance, or personalized investment advice.
Limitations: weights are fixed by TopFund, not backtested against outcomes; the "Historical Similar-IPO Performance" factor needs at least 3 comparable past listings and falls back to a broader, less specific cohort when this sector/type doesn't have enough; GMP and subscription data can change daily right up to listing day, so scores shown may already be stale — check the "as of" date above.
About the Company
Maxwell Engineering Solutions is a precision engineering company that manufactures, trades, and services critical components used in underwater pelletizing systems. The company specializes in various products, such as Pelletizing die plates, Pelletizing blades/knives, Blade holders/cutter hubs, Tapped driving bushes, and other spare parts for pelletizing systems. Its die plates are used in various applications, including White, black & color masterbatches, Cable compounds (HFFR, XLPE, PVC, etc.), Engineering plastics (PA, PBT, PC, etc.), and Recycled resins (PET, PP, PE, etc.). These products are widely used in industries like compounding, masterbatches, recycling, petrochemicals, and bioplastics. The company serves customers across India and internationally in countries like the USA, Germany, Japan, Australia, Saudi Arabia, and many more. In FY 2025, the company derived 82.43% of revenue from exports and remaining 17.57% from domestic sales. Additionally, the company also offers various services, including Refurbishment & repair services, custom manufacturing solutions, white-label manufacturing, trading of select pelletizing components, marketing & intermediary services for CJTEK components, and management consulting for customer acquisition. Manufacturing facility: Vadodara, Gujarat. The facility is well equipped with VMC, CNC, EDM, wire cut, milling, lathe, and other high-precision machines. As of March 31, 2025, its workforce comprised 59 permanent employees. Competitive Strengths: Experienced Promoters and Management Team Existing client relationship Quality Services Well established systems and procedures Revenue from multiple geographies Customized Product Offering
Company Financials (₹ Cr)
As of 2026-07-31
| Period Ended | 31 Jul 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| Assets | 51.79 | 47.55 | 25.31 | 8.51 |
| Total Income | 12.25 | 30.76 | 22.59 | 10.87 |
| Profit After Tax | 3.05 | 11.86 | 9.18 | 3.16 |
| EBITDA | 4.29 | 15.19 | 11.69 | 4.25 |
| NET Worth | 27.92 | 24.87 | 13.01 | 3.33 |
| Reserves and Surplus | 17.87 | 14.82 | 10.25 | 3.32 |
| Total Borrowing | 15.77 | 16.73 | 8.60 | 3.19 |
Key Ratios
EPS
₹11.80
NAV
₹24.74
ROE
62.63%
ROCE
38.46%
RoNW
47.70%
P/B Value
6.39
P/E Ratio
13.39
Market Cap
₹216.43 Cr
PAT Margin
40.28%
Debt/Equity
0.67
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Sunita Tools Ltd. | 112.1 | 10.8% | 100.65 | 10.53 | — |
| Omnitech Engineering Ltd. | 55.36 | 11.28% | 99 | 6.42 | — |
| Kabra Extrusiontechnik Ltd. | 127.92 | -0.54% | — | -0.7 | — |
| Maxwell Engineering Solutions Ltd. This IPO | — | 47.7% | 13.39 | 11.8 | 11.8 |
Promoters
Rajkumar Chaudhary, Vinubhai Kanjibhai Chavda, Ria Rajkumar Chaudhary
Objects of the Issue
# | Issue Objects | Est Amt (₹ Cr.) 1 | Financing the capital expenditure requirement towards Purchase of New Machineries, Lab Equipment & Other utilities for Manufacturing Facility | 18.00 2 | Financing the capital expenditure requirement for construction of New Office Building and Manufacturing facility | 6.50 3 | Repayment / prepayment, in full or part, of certain outstanding borrowings availed by Company | 4.30 4 | Funding working capital requirements of Company | 14.00 5 | General Corporate Purposes | | Total | 42.80
Frequently Asked Questions
What is the price band of Maxwell Engineering Solutions IPO?
The price band of Maxwell Engineering Solutions IPO is ₹150.0–₹158.0 per share.
When does Maxwell Engineering Solutions IPO open and close?
Maxwell Engineering Solutions IPO opens on 30 October 2026 and closes on 03 November 2026.
When does Maxwell Engineering Solutions IPO list on the stock exchange?
Maxwell Engineering Solutions IPO is scheduled to list on 06 November 2026.
What is the lot size for Maxwell Engineering Solutions IPO?
The lot size for Maxwell Engineering Solutions IPO is 800 shares, requiring a minimum investment of ₹252,800 (2 lots).
What is the TopFund Listing Data Indicator for Maxwell Engineering Solutions?
Maxwell Engineering Solutions's Listing Data Indicator score is 80/100 (High signal), a weighted composite of GMP strength, subscription demand, anchor investor interest and how similar past IPOs performed on listing. It's a rules-based summary of public market data, not a statistically validated probability, a guarantee, or personalized investment advice.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
30 Oct 2026
Close
03 Nov 2026
Allotment
04 Nov 2026
Listing
06 Nov 2026
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