Maxwell Engineering Solutions Ltd IPO

Experienced Promoter and Management Team.

Existing client relationship.

Quality Service

Well established systems and procedures.

Revenue from multiple geographies.

Customized Product Offering.

In-house research and development capabilities.

We are primarily dependent upon few key suppliers for procurement of raw materials & other items. Any disruption in thesupply of the raw materials & other items could have a material adverse effect on our business operations. Further, anyfailure by our suppliers to provide raw materials & other items to us on time or at all, or as per our specifications andquality standards could have an adverse impact on our ability to meet our manufacturing and delivery schedules.

A significant portion of our raw material requirement, particularly Carbide and Brazing Filler, is met through imports,and any adverse fluctuation in foreign exchange rates, import duties, or disruption in cross-border supply could materiallyaffect our cost of production and profitability.

Our Company is subject to export obligations under the EPCG Scheme. Any failure to fulfil such obligations may lead tofinancial liabilities.

We are exposed to foreign exchange fluctuation risks due to our significant export operations and procurement of certainraw materials and traded components from overseas markets, and we do not currently enter into any hedging arrangementsor derivative contracts to manage such foreign currency exposure. Any adverse movement in foreign exchange rates couldmaterially and adversely affect our business, financial condition, results of operations and cash flows.

Our business is working capital intensive and our working capital requirements have increased significantly over the lastthree Fiscals. Any inability to obtain or maintain adequate working capital on commercially acceptable terms, or anymaterial variation between our estimated and actual working capital requirements, may adversely affect our business,results of operations, financial condition and cash flows.

Our Companys applications for registration of its device marks are pending, including one application which is currentlyunder opposition. Any delay or failure in obtaining registration may adversely affect our ability to protect our brand identityand enforce our intellectual property rights, which could materially and adversely affect our business, financial condition,results of operations and cash flows.

We are dependent on a few customers for a major part of our revenues. Further we do not enter into long-termarrangements with our customers and any failure to continue our existing arrangements or maintain our relationships withsuch customers could adversely affect our business and results of operations, financial condition and cash flows.

Our Promoter is engaged in a business through a Promoter Group entity that operates in a similar line of business as ourCompany. Any conflict of interest or competition arising from such business activities may adversely affect our business,financial condition, results of operations and cash flows.

We are significantly dependent on steel as a key raw material, and any adverse fluctuation in the price or availability ofsteel could have a material adverse effect on our business, profit margins and results of operations.

We had previously filed a draft red herring prospectus with BSE Limited, which was subsequently withdrawn due to nonfulfilmentof the applicable eligibility criteria. Any delay, deferral or withdrawal of the present Issue may adversely affectour reputation and result in additional costs and utilisation of management resources.