Maxwell Engineering
06 Nov '26SME
Min. Investment
₹2,40,000
Issue size
₹57.64 Cr
GMP
Locked
Overall subscription: 2.33x
Expert verdict
IPO dates
30 Oct
Opening
03 Nov
Closing
06 Nov
Listing
IPO quota
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 1600 | ₹2,52,800 |
Subscription (as on 30 October 2026, 02:01 PM)
Overall2.33x
Qualified institutional buyers
Non-Institutional Buyers
Retail Investors
Employee
About company
Founded: 2022|MD: Mr Rajkumar Chaudhary
- Maxwell Engineering Solutions Limited is a precision engineering company engaged in the manufacturing, trading, and servicing of components used in underwater pelletising systems. The company operates through three business segments: manufacturing, services, and trading.
- Its product portfolio includes pelletising die plates, pelletising blades and knives, blade holders, cutter hubs, tapped driving bushes, and other spare components. The company also undertakes customised manufacturing based on customer specifications and supplies products on a white-label basis.
- Its services include refurbishment and repair of used die plates, intermediary support, and management consulting. The company also trades complementary components used in pelletising systems. Its products are used in industries such as polymer compounding, masterbatches, engineering plastics, cable compounds, specialty polymers, and plastics recycling.
- The company operates a manufacturing facility at Waghodia GIDC in Vadodara, Gujarat, which commenced operations in July 2025. It also serves customers across domestic and international markets.
- Use of proceeds:
- The IPO is a fresh issue of shares. Net proceeds from the issue will be utilised for the following purposes:
- Financing the capital expenditure requirement towards the purchase of new machinery, lab equipment & other utilities for the manufacturing facility — Rs 18 crore
- Financing the capital expenditure requirement for construction of new office building and manufacturing facility — Rs 6.5 crore
- Repayment/prepayment, in full or part, of certain outstanding borrowings availed by the company — Rs 4.3 crore
- Funding working capital requirements of the company — Rs 14 crore
- General corporate purposes
Issue Details & Objective
Lot size
800 Shares
Price band
₹150 to 158
Face value
₹10 per share
Financials
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Our SEBI-registered investment advisors give out verdicts for each IPO. You can refer to their expert verdict at the top of this page. Please note that these verdicts are for informational purposes only and should not be construed as investment advice. Markets are subject to risk, and investors should exercise their own discretion and diligence.
The issue size of Maxwell Engineering IPO is ₹57.64 Cr
The Maxwell Engineering IPO will be open for applications from 30 Oct '26 to 03 Nov '26
The lot size of Maxwell Engineering IPO is 800 Shares and its minimum investment amount is ₹2,40,000.
