Maxwell Engineering Solutions

Maxwell Engineering Solutions

LIVE

IPO Date: 30 Oct - 3 Nov 2026

Listing Date: 6 Nov 2026

Price Range

₹150 to ₹158

Issue Size

58 Cr

Min Investment

₹2,40,000

2 lots minimum (SEBI rule for SME)

Min Application

1600 Shares

800 per lot × 2

View IPO Document

Schedule of Maxwell Engineering Solutions

  1. Issue open date

    30 Oct 2026

  2. Issue close date

    3 Nov 2026

  3. UPI mandate deadline

    3 Nov 2026 (5 PM)

  4. Allotment finalization

    4 Nov 2026

  5. Share credit

    5 Nov 2026

  6. Listing date

    6 Nov 2026

  7. Mandate end date

    18 Nov 2026

Issue size

Funds Raised in the IPOAmount
Overall58 Cr
Fresh Issue36.48 Cr
Offer for Sale0 Cr

Allotment DetailsNew

Allotment TimelineDetails
Allotment Date4 Nov 2026
Allotment Link{Link}

Grey Market Premium

New

Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.

DateIPO PriceGMPEst. Listing Price
29 Oct 2026Latest₹158₹52₹210(+32.91%)
28 Oct 2026₹158₹43₹201(+27.22%)
27 Oct 2026₹158₹27₹185(+17.09%)

Performance Maxwell Engineering Solutions

Issue PriceListing GainCurrent Market PriceP/L
₹150 to ₹158............

About Maxwell Engineering Solutions

Maxwell Engineering Solutions limited manufactures, trades, and services precision-engineered components for underwater pelletizing and extrusion systems. Its product portfolio includes pelletizing die plates, blades and knives, cutter hubs, blade holders, and driving bushes used in polymer processing and plastics recycling. The company operates an owned manufacturing facility at Waghodia GIDC, Vadodara, Gujarat, equipped with CNC, VMC, EDM, and other precision engineering machinery. It also provides customized manufacturing, die plate refurbishment, repair, and white-label manufacturing services. The company serves domestic and international customers across more than 20 countries, including industries involved in polymer compounding, masterbatches, engineering plastics, and specialty polymers.

Founded in2022
Managing directorRajkumar Chaudhary
Parent organization

Financial Overview

Strengths

4
  1. 1

    Experienced Promoters. The promoters bring substantial industry experience in manufacturing and supplying specialized components for underwater pelletizing systems.

  2. 2

    International Market Presence. The company exports to multiple international markets, diversifying its customer base beyond India.

  3. 3

    Specialized Manufacturing Capabilities. Its CNC, VMC, EDM, and precision engineering infrastructure supports customized manufacturing and product quality.

  4. 4

    Strong Financial Growth. Revenue from operations increased from approximately ₹10.54 crore in FY2024 to ₹29.45 crore in FY2026, indicating significant business expansion.

Risks

4
  1. 1

    Customer Concentration. A substantial portion of revenue comes from a limited number of customers, making the company vulnerable to losing major contracts.

  2. 2

    Dependence on Key Suppliers. Reliance on a limited number of suppliers could disrupt production or increase procurement costs.

  3. 3

    Foreign Exchange and Export Risks. Significant export revenue exposes the company to currency fluctuations, international market conditions, and trade-related uncertainties.

  4. 4

    Raw Material and Working Capital Risks. Imported materials, including carbide and brazing filler, expose the company to price volatility, import-related disruptions, and foreign exchange movements. Growing working capital requirements may also put pressure on cash flow.

Subscription Figures

CategorySubscription (No. of times)
Qualified Institutional Buyers (QIBs)N/A
Non-Institutional Investors (NIIs)N/A
Retail Individual Investors (RIIs)N/A
EmployeeN/A
TotalN/A