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Maxwell Engineering Solutions IPO is a Book Building listing on BSE SME exchange, with an ipo size of ₹ [●] Cr. The company is based in Vadodara and caters to Engineering sector. Religo Capital Advisors is the merchant banker of Maxwell Engineering Solutions IPO. It is a SME Upcoming IPO which filed its Draft Red Herring Prospectus (DRHP) on 30th September 2025.
Maxwell Engineering Solutions IPO posted revenues of ₹ 22.09 Cr. and PAT of ₹ 9.18 Cr. in FY25 on annualised basis.
Revenue:
₹ 22.09 Cr.
EBITDA Margin:
53.24
% 
Net Worth: ₹ 13.01 Cr.
Market Capitalisation:
[●]
P/E:
[●]
P/BV: [●]
EV/EBITDA: 0.58 times
Financial results of Maxwell Engineering Solutions IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.
| Financials | FY25 | FY24 | FY23 | ||
|---|---|---|---|---|---|
|
Balance Sheet
|
|||||
| Assets | 25.27 | 8.50 | 2.83 | ||
| Net Worth | 13.01 | 3.33 | 0.16 | ||
| Total Debt | 8.60 | 3.23 | 2.11 | ||
|
Profit & Loss
|
|||||
Revenue
Revenue on annualised basis |
22.09 | 10.54 | 0.77 | ||
EBITDA
EBITDA on annualised basis |
11.76 | 4.25 | 0.33 | ||
PAT
PAT on annualised basis |
9.18 | 3.16 | 0.16 | ||
Maxwell Engineering Solutions IPO PAT Margin is 41.56 % , ROCE (Return on Capital Employed) is 53.29 % as per latest financial. The below table shows Maxwell Engineering Solutions IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.
| Particulars | FY25 | FY24 | FY23 |
|---|---|---|---|
| EBITDA Margin (%) | 53.24 | 40.32 | 42.86 |
| PAT Margin (%) | 41.56 | 29.98 | 20.78 |
| EPS (₹) | 33.87 | 11.66 | 0.59 |
| ROE (%) | 70.56 | 94.89 | 100.00 |
| ROCE (%) | 53.29 | 62.17 | 10.81 |
| ROA (%) | 36.33 | 37.18 | 5.65 |
| Debt to Equity | 0.66 | 0.97 | 13.19 |
The market Capitalisation of Maxwell Engineering Solutions IPO is ₹ [●] crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.
The Maxwell Engineering Solutions IPO prospectus highlights an Return on Equity (ROE) of 70.56 % , Return on Assets (ROA) of 36.33 %, and an EBITDA Margin of 53.24 %, showcasing financial performance.
Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows Maxwell Engineering Solutions IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.
The post-IPO market capitalisation of Maxwell Engineering Solutions IPO is ₹ [●] Cr., based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.
The Maxwell Engineering Solutions IPO has a Price-to-Earnings (PE) ratio of [●], indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.
Maxwell Engineering Solutions IPO reported revenue of ₹ 22.09 Cr. in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from Maxwell Engineering Solutions IPO provide insights into sales growth, market demand, and business scalability.
Maxwell Engineering Solutions recorded an EBITDA of ₹ 11.76 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.
Maxwell Engineering Solutions Profit After Tax (PAT) is ₹ 9.18 Cr., reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions
Revenue:
₹ 22.09 Cr.
EBITDA Margin:
53.24
%
Net Worth: ₹ 13.01 Cr.
Market Capitalisation:
[●]
P/E:
[●]
P/BV: [●]
EV/EBITDA:
[●]
Maxwell Engineering Solutions operates in Engineering and A Precision Engineering Company. The Issue is listed on BSE SME in Oct, 2025. Maxwell Engineering Solutions IPO size was with Issue price of .
Merchant Banker(s) of Maxwell Engineering Solutions IPO: Religo Capital Advisors Private Limited
Maxwell Engineering Solutions IPO subscription was X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Maxwell Engineering Solutions IPO listed at a listing price of against the offer price of .
The current market price of Maxwell Engineering Solutions is .
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