Maxwell Engineering Solutions IPO Details Details

Maxwell Engineering Solutions IPO is a ₹57.64 crore book-built issue, consisting entirely of a fresh issue of 36.48 lakh shares. The IPO opens for subscription on October 30, 2026, and closes on November 3, 2026. The price band is fixed at ₹150–₹158 per share, with a lot size of 800 shares. The minimum retail investment is ₹2,52,800 for 1,600 shares, while HNI investors must invest at least ₹3,79,200 for 2,400 shares. Allotment is expected on November 4, 2026, with a tentative listing on NSE SME on November 6, 2026. JDA Capital Services Ltd. is the lead manager and market maker, while Kfin Technologies Ltd. is the registrar of the issue.

IPO Details

IPO Date 30 Oct 26
Listing Date 06 Nov 26
Face Value ₹10 per share
Price Band ₹150 to ₹158
Lot Size 800
Sale Type Fresh capital only
Issue Type Bookbuilding IPO
Listing At BSE SME
Total Issue Size ₹58 Cr
Fresh Issue
₹54 Cr
Offer for Sale
Share Holding Pre Issue 1,00,50,275 shares
Share Holding Post Issue 1,36,98,275 shares

IPO DRHP Status

Description Details

IPO Reservation

Investor Category Shares Offered
QIB Shares Offered 49.84%
Retail Shares Offered 35.03%
NII Shares Offered 15.13%

About Maxwell Engineering Solutions IPO Details.


Incorporated in September 2022, Maxwell Engineering Solutions Limited is a precision engineering company specializing in manufacturing, trading, and servicing critical components for underwater pelletizing systems. Its product portfolio includes pelletizing die plates, blades, knives, cutter hubs, blade holders, and other spare parts used in polymer compounding, engineering plastics, specialty polymers, and recycling industries. The company operates through manufacturing, services, and trading segments, offering customized and white-label manufacturing solutions. Its manufacturing facility in Vadodara, Gujarat, is equipped with advanced CNC, VMC, EDM, and precision machining equipment. Maxwell serves domestic and international markets, including the USA, Germany, Japan, Australia, and Saudi Arabia. The company holds ISO 9001:2015 and ZED Bronze certifications. Its key strengths include specialized products, in-house manufacturing capabilities, international presence, quality standards, and established customer relationships. As of September 30, 2026, the company employed 71 full-time professionals.

Company Financials (Restated)

Period Ended 31 Jul 2026 31 Mar 2026 31 Mar 2025
Assets 51.79 47.55 25.31
Total Income 12.25 30.76 22.59
Profit After Tax 3.05 11.86 9.18
EBITDA 4.29 15.19 11.69
Net Worth 27.92 24.87 13.01
Amount in ₹ Crore

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

# Issue Objects Est Amt (₹ Cr.)
1 Financing the capital expenditure requirement for construction of New Office Building and Manufacturing facility 6.50
2 Repayment / prepayment, in full or part, of certain outstanding borrowings availed by Company 4.30
3 Funding working capital requirements of Company 14.00
4 General Corporate Purposes 0.00

Key Performance Indicator (KPI)

KPI Jul 31, 2026 -
ROE 11.56%% 62.63%%
ROCE 9.87%% 38.46%%
Debt/Equity - -
RoNW 10.93%% 47.70%%
PAT Margin 25.70%% 40.28%%
EBITDA Margin 36.11%% 51.58%%

Key Performance Indicator (KPI)

Pre IPO Post IPO
EPS Rs 11.80 6.68
The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2026 available in RHP. The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of July 31, 2026 available in RHP.

IPO Registrar

  • Kfin Technologies Ltd.
  • 040-79615565
  • maxwell.ipo@kfintech.com
  • Visit Website

IPO Lead Manager(s)


Lead Manager Reports

Contact Details

Maxwell Engineering Solutions Ltd. Address
Plot 939 & 940 Waghodia GIDC Vaghodia Vadodara, Gujarat, 391760

IPO FAQs

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    Aureate Tradde IPO is a SME IPO of 38,98,000 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is . The Aureate Tradde IPO open and close dates are not available as of now. MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

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