Maxwell Engineering Solutions IPO – Company Analysis
Maxwell Engineering Solutions IPO is a bookbuild issue of Rs. 57.64 Cr (36.48 lac shares) by Maxwell Engineering Solutions Limited, which is a precision engineering company engaged in the manufacturing, trading and servicing of critical components for underwater pelletizing systems.
The Company manufactures a range of components for underwater pelletizing systems, including pelletizing die plates, pelletizing blades and knives, blade holders, cutter hubs, tapped driving bushes and other spare parts.
Its products cater to polymer compounding, masterbatches, engineering plastics, cable compounds, specialty polymers and plastics recycling industries.
The Company also undertakes customised manufacturing based on customer specifications and offers white-label manufacturing, enabling customers to market products under their own brands. Its business operates through three segments: manufacturing, services and trading.
Maxwell Engineering Solutions IPO Details
The Maxwell Engineering Solutions IPO date is 30 Oct 2026; its initial public offering will end on 03 Nov, IPO allotment on Nov 04 and refund initiation on Nov 05, 2026.
The Rs. 57.64 crore new SME IPO comprises a wholly fresh issue of 36.48 lakh shares.
The Maxwell Engineering Solutions IPO listing date (expected) might be Friday, Nov 06, 2026, and the listing on the NSE and SME.
Maxwell Engineering Solutions IPO price band is Rs. 150 to Rs. 158.
|
Events |
Date |
|
IPO Opening Date |
Oct 30, 2026 |
|
IPO Closing Date |
Nov 03, 2026 |
|
IPO Allotment Date |
Nov 04, 2026 |
|
Refund Initiation |
Nov 05, 2026 |
|
IPO Listing Date |
Nov 06, 2026 |
Click to open demat account and apply for the IPO.
Company Financial
(Amount in Cr)
|
Period |
31 Mar 2026 |
31 Mar 2025 |
31 Mar 2024 |
|
Assets |
47.55 |
25.31 |
8.51 |
|
Total Income |
30.76 |
22.59 |
10.87 |
|
Profit After Tax |
11.86 |
9.18 |
3.16 |
|
EBITDA |
15.19 |
11.69 |
4.25 |
|
Net Worth |
24.87 |
13.01 |
3.33 |
|
Reserves & Surplus |
14.82 |
10.25 |
3.32 |
|
Borrowings |
16.73 |
8.60 |
3.19 |
Cash Flows
(Amount in Lac)
|
Net Cash Flow |
31 Mar 2026 |
31 Mar 2025 |
31 Mar 2024 |
|
Net Cash Flow Operating Activities |
747.95 |
737.19 |
357.77 |
|
Net Cash Flow Investing Activities |
(1,357.81) |
(1,238.23) |
(372.04) |
|
Net Cash Flow Financing Activities |
705.59 |
557.37 |
75.26 |
Revenue Bifurcation
(Rs. in Lac)
(Source: RHP)
The Objective of the Issue
The Company desires to use the Net Proceeds from the Issue to fulfill its following goals:
-
Financing capital expenditure for the purchase of new machinery, lab equipment, and other utilities for the manufacturing facility. ~ Rs. 18 Cr.
-
Financing capital expenditure for construction of a New Office Building and Manufacturing facility. ~ Rs. 6.50 Cr.
-
Repayment/prepayment, in full or part, of certain outstanding borrowings availed by the Company. ~ Rs. 4.30 Cr.
-
Funding working capital requirements of the Company. ~ Rs. 14 Cr.
Listed Peers of Maxwell Engineering Solutions Ltd.
|
Name of Company |
Face Value (₹) |
Basic EPS (₹) |
P/E Ratio (x) |
|
Omnitech Engineering Ltd. |
5 |
6.42 |
99.00 |
|
Sunita Tools Ltd. |
10 |
10.53 |
100.65 |
Valuation
|
KPI |
Value (Mar 31, 2026) |
|
ROE |
62.63% |
|
ROCE |
38.46% |
|
Debt/Equity |
0.67 |
|
RoNW |
47.70% |
|
PAT Margin |
40.28% |
|
EBITDA Margin |
51.58% |
Evaluation of P/E Ratio
Considering the period ended on FY 2026 with an EPS of Rs. 11.80 from the last year, the resulting P/E ratio is 13.39x.
|
Valuation Metric |
Pre IPO |
Post IPO |
|
EPS (₹) |
11.80 |
6.68 |
|
P/E (x) |
13.39 |
23.65 |
Explore the Core4 Engineers IPO.
IPO's Strengths
-
Diversified Business Segments.
-
Quality Standards and Certifications.
-
International Market Presence.
-
Customised and White-Label Manufacturing.
IPO's Weaknesses
-
Dependency on Suppliers for raw materials.
-
Reliance on Key Managerial and Senior Managerial Personnel.
-
High dependence on export revenue.
-
Customer concentration risk.
Maxwell Engineering Solutions IPO GMP (Grey Market Premium)
Maxwell Engineering Solutions IPO GMP today has not started yet as of 27 October 2026, while writing this information.
Maxwell Engineering Solutions IPO Summary
|
IPO Opening & Closing Date |
30 Oct, 2026 to 03 Nov, 2026 |
|
Face Value |
Rs. 10 per Share |
|
Issue Price |
Rs. 150 to Rs. 158 per Share. |
|
Lot Size |
800 Shares |
|
Issue Size |
36,48,000 Shares (Rs. 58 Cr) |
|
Offer for Sale |
- |
|
Fresh Issue |
34,25,600 Shares (Rs. 54 Cr) |
|
Market Makers |
2,22,400 Shares (Rs. 4 Cr) |
|
Issue Type |
Bookbuild Issue |
|
Registrar |
Kfin Technologies Ltd. |
IPO Lot Details
Retail investors can invest in a minimum and maximum of 2 Lots (1600 Shares) for Rs. 2,52,800, and in multiples thereof, while HNI investors can invest in a minimum of 3 Lots (2400 Shares) for Rs. 3,79,200.
|
Minimum Lot Investment (Retail) |
2 Lots |
|
Maximum Lot Investment (Retail) |
2 Lots |
|
HNI (Min) |
3 Lots |
Maxwell Engineering Solutions IPO Allotment Status
To check the Maxwell Engineering Solutions IPO Allotment Status, visit the official Registrar’s website or BSE website. Below are the website links for you.
Using BSE Website - BSE IPO allotment status
Promoters And Management of Maxwell Engineering Solutions Ltd.
-
Rajkumar Chaudhary
-
Vinubhai Kanjibhai Chavda
-
Ria Rajkumar Chaudhary.
|
Pre-Issue Promoter Shareholding |
97.26% |
|
Post-Issue Promoter Shareholding |
71.36% |
IPO Lead Managers
JDA Capital Services Ltd.
Dividend Policy
The company has not paid a dividend during the last three FYs.
Conclusion
Maxwell Engineering Solutions IPO 2026 opens from October 30 to November 3, 2026, with a price band of ₹150–₹158 per share. Explore the company’s financial performance, valuation, IPO objectives, industry peers, growth prospects, and key investment risks before applying. Check the latest Maxwell Engineering Solutions IPO GMP, allotment status, listing date, and lot size to make an informed investment decision.
Finowings IPO Analysis
Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO.
You must consult your financial advisor before making any financial decisions.
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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.
