
Capital Goods · NSE
Maxwell Engineering Solutions Limited, incorporated in September 2022, is a precision engineering company engaged in manufacturing, trading and servicing critical components for underwater pelletizing systems. Its product portfolio includes pelletizing die plates, pelletizing blades and knives, blade holders, cutter hubs, tapped driving bushes and other spare parts used in polymer compounding, masterbatches, engineering plastics, cable compounds, specialty polymers and plastics recycling industries. The company also offers customised manufacturing based on customer specifications and white-label manufacturing services, allowing customers to sell products under their own brands. Its business operates across three segments: manufacturing, services and trading. In July 2025, the company commenced operations at its company-owned manufacturing facility in Waghodia GIDC, Vadodara, Gujarat, gradually shifting production from its earlier leased facility in Makarpura, Vadodara. Its manufacturing infrastructure includes precision machining and testing equipment such as VMC, CNC, milling, EDM, wire-cut, lathe and surface-grinding machines, while specialised processes such as heat treatment, hardening and coating are outsourced to job workers. The company also provides refurbishment and repair services for used die plates, facilitates the marketing and supply of CJTEK components, and offers management consulting services to support customer relationship development. Maxwell Engineering Solutions serves customers across India and international markets, including the USA, Germany, the Netherlands, Israel, Saudi Arabia, Japan, Australia and Italy, among others. It holds ISO 9001:2015 certification for manufacturing and supplying pelletizing system components and received ZED Bronze Certification under the MSME Sustainable Certification Scheme in November 2025. Its operations are supported by an experienced promoter and management team, technical personnel, and dedicated sales and marketing capabilities. As of September 30, 2026, the company had 71 full-time employees, excluding directors, across production and operations, quality and testing, design, sales and marketing, finance, administration and other functions.
Price Band
₹150 – ₹158
Issue Size
₹57.64 Cr
Lot Size
800 shares
GMP
+37.3%
Est. Listing
₹217
at current GMP
Subscribed
5.00x
overall
Open
30 Oct 2026
Close
3 Nov 2026
Allotment
4 Nov 2026
Refund
5 Nov 2026
Demat Credit
6 Nov 2026
Listing
6 Nov 2026