Maxwell Engineering Solutions IPO

Maxwell Engineering Solutions Limited is a precision engineering company engaged in manufacturing, trading and servicing critical components for underwater pelletizing systems. Established in September 2022, the company manufactures products such as pelletizing die plates, blades and knives, blade holders, and driving bushes. Its products are used in polymer compounding, masterbatches, engineering plastics, cable compounds and plastics recycling.

The company operates a manufacturing facility in Waghodia GIDC, Vadodara, Gujarat, where it uses precision machining equipment and in-house testing facilities to manufacture and check product quality. It also offers customised and white-label manufacturing, along with refurbishment and repair services for used die plates. Additionally, the company undertakes selective trading of complementary components to meet customer requirements.

Maxwell Engineering Solutions serves customers in India and international markets, including the USA, Germany, Japan, Australia and several countries across Europe, Asia and the Middle East. The company holds ISO 9001:2015 certification and received ZED Bronze Certification under the MSME Sustainable (ZED) Certification Scheme in November 2025.

The company was founded by promoters Rajkumar Chaudhary and Vinubhai Kanjibhai Chavda, who have 11 years of industry experience each.

As of September 30, 2026, the company had 71 full-time employees, excluding Directors, across various departments.

Objective of Maxwell Engineering Solutions IPO

• Funding capital expenditure for the purchase of new machinery, laboratory equipment and other utilities for the manufacturing facility.

• Funding capital expenditure for the construction of a new office building and manufacturing facility.

• Repayment or prepayment, in full or in part, of certain outstanding borrowings availed by the company.

• Funding the company's working capital requirements.

• Funding general corporate purposes.