
Engineering · Listed on NSE · 30 Oct 2026 - 03 Nov 26
Jagat JoshiSince its establishment in September 2022, Maxwell Engineering Solutions has been a precision engineering firm involved in the manufacturing, trading, and servicing of critical components for underwater pelletizing systems. The company designs a diverse range of underwater pelletizing systems, including pelletizing die plates, pelletizing blades and knives, blade holders, cutter hubs, tapped driving bushes, and other spare parts. Its products are used in polymer compounding, masterbatches, engineering plastics, cable compounds, specialty polymers, and plastics recycling industries.
Maxwell operates its own manufacturing units at Vadodara, Gujarat, equipped with precision machining and testing equipment such as VMC, CNC, milling, EDM, wire-cut, lathe, and surface-grinding machines. Further, the company supplies its products to both domestic and international markets, including the USA, Germany, the Netherlands, Israel, Saudi Arabia, Japan, Australia, Italy, and other countries.
| Date & Time | GMP (₹) | Est. Listing Price | Est. Gain (%) | Est. Profit / Lot (₹) |
|---|---|---|---|---|
| 06-Nov-2026 02:54 PM | +₹105 | ₹263 | +66.46% | ₹84,000 |
| 05-Nov-2026 02:54 PM | +₹113 | ₹271 | +71.52% | ₹90,400 |
| 04-Nov-2026 02:54 PM | +₹80 | ₹238 | +50.63% | ₹64,000 |
| 03-Nov-2026 11:00 AM | +₹80 | ₹238 | +50.63% | ₹64,000 |
| 02-Nov-2026 06:00 PM | +₹70 | ₹228 | +44.30% | ₹56,000 |
| 01-Nov-2026 06:00 PM | +₹70 | ₹228 | +44.30% | ₹56,000 |
| 31-Oct-2026 06:00 PM | +₹70 | ₹228 | +44.30% | ₹56,000 |
| 30-Oct-2026 06:00 PM | +₹70 | ₹228 | +44.30% | ₹56,000 |
| 29-Oct-2026 06:00 PM | +₹40 | ₹198 | +25.32% | ₹32,000 |
| 28-Oct-2026 10:45 PM | +₹27 | ₹185 | +17.09% | ₹21,600 |
| 27-Oct-2026 12:39 PM | +₹0 | ₹158 | +0.00% | ₹0 |
| Category | Subscription (x) | Shares Offered | Shares bid for | Total Amount (₹ Cr) |
|---|---|---|---|---|
| QIB (Ex. Anchor) | 259.45x | 6,83,200 | 17,72,55,200 | ₹2,800.63 Cr |
| NII | 857.65x | 5,18,400 | 44,46,04,800 | ₹7,024.76 Cr |
| bNII > ₹10L | 1024.23x | 3,45,600 | 35,39,72,800 | ₹5,592.77 Cr |
| sNII < ₹10L | 524.49x | 1,72,800 | 9,06,32,000 | ₹1,431.99 Cr |
| Retail | 556.10x | 12,00,000 | 66,73,24,800 | ₹10,543.73 Cr |
| Total | 536.80x | 24,01,600 | 1,28,91,84,800 | ₹20,369.12 Cr |
| Period Ended | 30 JUN 2026 | 31 MAR 2026 | 31 MAR 2025 | 31 MAR 2024 |
|---|---|---|---|---|
| Total Income | 12.25 | 30.76 | 22.59 | 10.87 |
| Profit After Tax | 3.05 | 11.86 | 9.18 | 3.16 |
| EBITDA | 4.29 | 15.19 | 11.69 | 3.00 |
| NET Worth | 27.92 | 24.87 | 13.01 | 3.33 |
| Reserves and Surplus | 17.87 | 14.82 | 10.25 | 3.32 |
| Total Borrowing | 15.77 | 16.73 | 8.60 | 3.19 |
| Company Name | EPS (₹) | P/E (x) | NAV (₹) | RoNW (%) | Income (₹ Cr) |
|---|---|---|---|---|---|
| Sunita Tools Ltd | 10.53 | 100.65 | 112.10 | 10.80 | - |
| Omnitech Engineering Ltd | 6.42 | 99.00 | 55.36 | 11.28 | - |
| Kabra Extrusion Technik Ltd. | -0.70 | -0.54 | 127.92 | - | - |
Rajkumar Chaudhary, Vinubhai Kanjibhai Chavda and Ria Rajkumar Chaudhary is the company's promoter of Maxwell Engineering Solutions.
| Particular | Pre IPO | Post IPO |
|---|---|---|
| Promoter and Promoter Group | 97.26% | 71.36% |
| Others* | 2.74% | 28.64% |
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