Skip to main content
Maxwell Engineering Solutions IPO

Maxwell Engineering Solutions IPO

Engineering
open
₹2.40LMin. investment

Maxwell Engineering Solutions Limited IPO Details

SectorEngineering
Price range₹150 – ₹158
IPO type
SME
Lot size800 shares
Issue size₹58Cr
Red Herring Prospectus
Read
Market cap
₹216.43CrLower than sector avg
RevenueApr 2025 - Mar 2026
₹29.44CrLower than sector avg
Growth rate3Y CAGR
67.13%Higher than sector avg

Maxwell Engineering Solutions IPO Timeline

  1. Pre-apply
    29 Oct 2026
  2. Bid start
    30 Oct 2026
  3. Bid end
    3 Nov 2026
  4. Allotment
    4 Nov 2026
  5. Release of funds
    5 Nov 2026
  6. Demat transfer
    5 Nov 2026
  7. Listing
    6 Nov 2026

About Maxwell Engineering Solutions Limited

Maxwell Engineering Solutions is a precision engineering company that manufactures, trades and services critical components for underwater pelletizing systems. Its products include pelletizing die plates, blades and knives, blade holders or cutter hubs, tapped driving bushes and other spares.
The company also provides die-plate refurbishment and repair, intermediary support and management consulting, and selectively trades complementary components. The company offers customised and white-label manufacturing and uses job workers for selected machining, fabrication, welding, painting, heat treatment, hardening and coating processes.
For FY26, manufacturing contributed ₹18.50 crore or 62.8% of revenue from operations, trading ₹5.33 crore or 18.1%, and services ₹5.61 crore or 19.1%. By product, pelletizing die plates contributed 55.4%, blades and knives 20.1%, refurbishment and repair 17.5%, other spares 3.8%, tapped driving bushes 1.6%, blade holders or cutter hubs 1.1%, and intermediary support and consulting 0.1%.
The company moved manufacturing from its leased Makarpura unit to its owned Waghodia GIDC facility from July 1, 2025. For FY26, combined annual capacity and actual production were 800 and 649 new die plates, 250 and 144 refurbished die plates, 140 and 48 blade holders, 225 and 139 driving bushes, and 250,000 and 167,753 blades. The corresponding utilisation was 81%, 58%, 34%, 62% and 67%, respectively.
Exports accounted for ₹24.95 crore or 84.7% of FY26 revenue from operations, while domestic sales were ₹4.50 crore or 15.2%. Germany contributed 23.1% of total FY26 revenue, followed by the United States at 14.8%, the Netherlands at 14.1%, Austria at 9.9% and Israel at 8.3%. The company serves customers across 25 countries and more than 10 Indian states and union territories. Export contribution increased from 80.3% in FY24 to 82.4% in FY25 and 84.7% in FY26.

Checklist

Quality analysis
Revenue growth
Company valuation
Earnings expansion
Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Objectives of Maxwell Engineering Solutions Limited IPO

Capital expenditure
33.30%
The company will use ₹18 crore for new machinery, lab equipment and utilities.
General corporate purposes
24.70%
Part of the IPO proceeds will be used for general corporate purposes and issue expenses
Working capital
23.20%
The company will use ₹14 crore to fund working capital requirements.
New manufacturing facility
12.00%
The company will use ₹6.50 crore to build a new office and manufacturing facility.
Repayment of borrowings
7.40%
The company will utilise ₹4.30 crore towards repayment of certain outstanding borrowings.

Compare

CompanyRevenue*3Y growthPATMarket capP/E ratioD/E ratio
This IPO₹29.44Cr67.13%₹11.86Cr₹216.43Cr13.390.67
This sector (avg.)₹342.41Cr0.01%₹38.53Cr₹1,862.48Cr31.540.53
₹10,670.1Cr---₹1,263.5Cr₹39,460.23Cr31.400.10
₹2,217.81Cr---₹423.66Cr₹10,977.95Cr26.730
₹3,087.59Cr---₹471.9Cr₹9,693.55Cr18.040.01

*Revenue for financial year 2025-26. Lower P/E and D/E ratios are generally preferred.

Maxwell Engineering Solutions IPO Contact Details

Company NameMaxwell Engineering Solutions Limited

How to apply for Maxwell Engineering Solutions IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Maxwell Engineering Solutions Limited IPO FAQs