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Maxwell Engineering Solutions Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Maxwell Engineering Solutions Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
IPO Snapshot
Key metrics and details at a glance.
Price Band
₹158
Per ShareLot Size
800 Shares
Minimum Investment
₹1,26,400
Issue Size
₹57.64 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35.03%
QIB Quota
49.84%
NII Quota
15.13%
IPO Timeline
Important dates for your applying strategy.
IPO Opens30 Oct
IPO Closes3 Nov
Basis of Allotment4 Nov
Refund Initiation5 Nov
Shares Credited5 Nov
Maxwell Engineering Solutions Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
97.26%
Promoter Holding (Post-Issue)
71.35%
Issue Type
Book Building - SME
ISIN
INE1W3F01014
About the Company
Our Company is a precision engineering company engaged in the business of manufacturing, trading and servicing of critical components for underwater pelletizing systems. Our company manufactures pelletizing die plates, pelletizing blades/knives, blade holders/cutter hub, tapped driving bush for underwater pelletizing systems and other spare items. To support our future growth and enhance our manufacturing capabilities, we commenced operations at our company-owned manufacturing facility situated at Plot Nos. 939 & 940, Waghodia GIDC, Vaghodia, Vadodara, Gujarat with effect from July 01, 2025 and have gradually transitioned manufacturing operations from our earlier leased facility situated at Shed No. 336/34/1-A, GIDC, Makarpura, Vadodara-390010, Gujarat, India. This expansion is expected to strengthen our production capabilities, improve operational efficiencies and progressively reduce our dependence on trading activities. We also undertake customized manufacturing based on customer specifications and offer our products on a white-label basis, enabling customers to market such products under their own brands while leveraging our manufacturing expertise. Our Company has entered into agreements with selected job workers to carry out specific processes related to its manufacturing operations. Under these arrangements, our Company supplies the required raw materials, while the job workers undertake operations such as machining, fabrication, welding, painting and other ancillary activities. We also outsource works requiring heat treatment, hardening, coating wherever required as we don't have the in-house facilities and to keep our manufacturing process clean, non-polluting with zero emissions.
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Standalone figures
Revenue
Amount in ₹ crore
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public issue of up to 36,48,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of Maxwell Engineering Solutions Limited (the "Company" or "MESL" or "Issuer") at an issue price of Rs. 158 per equity share (including a share premium of Rs. 148 per equity share) for cash, aggregating up to Rs. 57.64 Crores ("Public Issue"), out of which 2,22,400 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 158 per equity share for cash, aggregating Rs. 3.51 Crores will be reserved for subscription by the market maker ("Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. Issue of 34,25,600 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 158 per equity share for cash, aggregating up to Rs. 54.12 Crores is herein after referred to as the "Net Issue". The public issue and net issue will constitute up to 26.63% and up to 25.01% respectively of the post-issue paid up equity share capital of the company. Price Band: Rs. 158/- per equity share of face value Rs. 10/- each. The floor price is is 15.80 times of the face value of the equity shares. Bids can made for a minimum of 1,600 equity shares and in multiples of 800 equity shares thereafter.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Experienced Promoter and Management Team.
- Existing client relationship.
- Quality Service
Frequently Asked Questions
01What is the minimum investment required to apply for this IPO?
The minimum investment depends on the lot size and the upper price band of the issue. Investors must apply for at least one lot, and the total investment amount is calculated by multiplying the lot size by the upper price band.
02How is IPO allotment decided?
IPO allotment is determined based on demand and SEBI guidelines. If the IPO is oversubscribed in the retail category, allotment is typically done through a computerized lottery system to ensure fair distribution among eligible applicants.