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Maxwell Engineering Solutions Limited

SMEupcomingNSE SME
30 Oct 2026 – 03 Nov 2026
—TO OPEN
Offer Price
₹150–158
Bid lot
800
Min Application
₹2,52,800
Issue Size
₹58 Cr

Key dates

Open date
30 Oct 2026
in 2 days
Close date
03 Nov 2026
in 6 days
Basis of allotment
04 Nov 2026
in 7 days
Initiation of refunds
05 Nov 2026
in 8 days
Credit to demat
05 Nov 2026
in 8 days
Listing date
06 Nov 2026
in 9 days

Issue reservation

₹58 Cr
Market maker 93.85%
Market maker
34.3 L sh · ₹54.12 Cr
93.85%
BRLM: Beeline Capital Advisors Private Limited

Lot ladder — how much to bid

1 lot = 800 shares
Individual · up to ₹2 L2+ lots
Min · 2 lots
1,600 sh · ₹2,52,800
Entry point
₹2,52,800 onward
sHNI · ₹2 L to ₹10 L3+ lots
Min · 3 lots
2,400 sh · ₹3,79,200
Entry point
₹3,79,200 onward
bHNI · Above ₹10 L8+ lots
Min · 8 lots
6,400 sh · ₹10,11,200
Entry point
₹10,11,200 onward

Issue details

Lead managersBeeline Capital Advisors Private Limited
Fresh issue36,50,000 sh · ₹58 Cr
Face value₹10
Listing onNSE Emerge
RegistrarKfin Technologies Ltd.
Grey-market sentiment
No grey-market data yet.
Financials

Particulars

31-Jul-26

31-Mar-26

31-Mar-25

31-Mar-24

Total Assets

51.79

47.55

25.31

8.51

Total Income

12.25

30.76

22.59

10.87

PAT

3.05

11.86

9.18

3.16

Net Worth

27.92

24.87

13.01

3.33

Reserves & Surplus

17.87

14.82

10.25

3.32

Total Borrowings

15.77

16.73

8.6

3.19

Objects of the issue
  • Capital Expenditure (Machinery & Utilities): Funding the purchase of machinery and utilities for the manufacturing facility.

  • Capital Expenditure (Building & Facility): Financing the construction of a new office building and manufacturing facility.

  • Debt Repayment: Repayment or prepayment of existing borrowings.

  • Working Capital: Meeting the Company’s working capital requirements.

About the company

Maxwell Engineering Solutions Limited, incorporated in September 2022, is a precision engineering company engaged in the manufacturing, trading and servicing of critical components for underwater pelletizing systems, including die plates, blades, knives, blade holders and other spare parts. Its products cater to polymer compounding, masterbatches, engineering plastics, cable compounds, specialty polymers and plastics recycling industries. The Company also offers customised and white-label manufacturing, refurbishment, repair and consulting services.

The Company operates through three business segments: manufacturing, services and trading. In July 2025, it commenced operations at its company-owned manufacturing facility in Waghodia GIDC, Vadodara, Gujarat, equipped with precision machining and testing infrastructure. Certain specialised processes are outsourced to third-party job workers.

The Company serves domestic and international customers across markets including the USA, Germany, Japan, Australia and other countries. It holds ISO 9001:2015 certification and received ZED Bronze Certification in November 2025. As of September 30, 2026, it employed 71 full-time employees, excluding Directors, across production, quality, design, sales, finance, administration and other functions.

Company strengths

  • Diversified Business Operations.

  • Strong Quality Standards and Certifications.

  • Established International Market Presence.

  • Customised and White-Label Manufacturing Capabilities.

  • In-House Manufacturing and Technical Capabilities.

  • Specialised Product Portfolio.

  • Established Customer Relationships.

Promoters

Rajkumar ChaudharyVinubhai Kanjibhai ChavdaRia Rajkumar Chaudhary

Registered office & contact

Maxwell Engineering Solutions Limited.

Address - Plot 939 & 940

Waghodia GIDC

Vaghodia

Vadodara, Gujarat, 391760

📞 96385 42674

✉️ cs@maxwells.in

How to apply
1Create your account & log inSign up on Investoyard and complete a quick KYC.
2Pick the IPO & tap ApplyOpen the live IPO and choose your investor category.
3Enter bid & quantityUp to 3 bids · cut-off or price band · retail cap ₹2,00,000.
4Approve the UPI mandateYou receive a fund-block request on your UPI app.
5DoneFunds stay blocked until allotment, then auto-debited (or released).
Frequently asked questions
What is the minimum investment in the Maxwell Engineering Solutions Limited IPO?

One lot of 800 shares — ₹2,52,800 at the upper price band of ₹158.

How many bids can I place?

Up to 3 bids per application. Retail applications are capped at ₹2,00,000; above that you must apply in the HNI category.

When are the funds debited?

Funds are blocked via a UPI mandate at application and debited only on allotment. If shares are not allotted, the block is released automatically.

When will the shares list?

Tentative listing on 2026-11-06 on NSE SME.

₹150–158
Bidding opens soon.