IPO Details

Maharaja & Speedex India Limited IPO

Maharaja & Speedex India Limited logo
SME IPO
₹1,06,200

Minimum Investment

Exchange Listed · NSE / BSESEBI Regulated Issue

About Company

Company Name: Maharaja & Speedex India Limited

Industry / Sector: Houseware / Drinkware Manufacturing & Distribution

Founded Year: February 2006

Promoters: Rakesh Kumar Aggarwal, Kusum Aggarwal, Akash Aggarwal, Ankit Bansal, Atul Tulsian, Rohit Garg

Maharaja & Speedex India Limited is a drinkware manufacturing and distribution company engaged in the manufacturing, branding, marketing and distribution of stainless-steel bottles and allied drinkware products. The Company offers a diversified portfolio of drinkware products classified into Standard Products (primarily stainless-steel bottles) and Novelty Products (tumblers, feeding bottles and gym shakers). Its products are offered across mass, premium and lifestyle price segments, catering to retail consumers and institutional customers. The Company undertakes OEM and private-label manufacturing, providing customized drinkware solutions for corporate gifting programmes, institutional buyers and brand partners. It operates an integrated business model supported by in-house manufacturing through its wholly owned subsidiary, Dewdrop Bottles Private Limited, which operates two manufacturing facilities in Sonipat, Haryana, with an installed production capacity of approximately 45.24 lakh units per annum across 223 SKUs. The Company has a Pan-India distribution network comprising 101 distributors across 17 states and 2 Union Territories, and serves both B2C and B2B markets. As of March 31, 2026, the Company and its wholly owned subsidiary had 431 full-time employees.

IPO Basic Details

Company NameMaharaja & Speedex India Limited
IPO TypeSME IPO
Price Band₹177 – ₹186
Lot Size600 Shares
Total Issue Size43,08,000 Equity Shares (₹80.13 Cr)

IPO Strengths & Risks

Strengths

  • Pan-India distribution network
  • OEM and private-label manufacturing capabilities
  • Diversified product portfolio across price segments
  • Integrated manufacturing and distribution capabilities
  • Focus on product innovation and value-added drinkware
  • Long-standing relationships with suppliers and customers
  • Seasoned management team with complementary expertise

Risks

  • Dependence on the drinkware and consumer goods sector
  • Exposure to raw material price volatility (stainless steel)
  • Competition from other drinkware manufacturers
  • Working capital intensive business model
  • SME IPO with lower liquidity compared to mainboard listings

IPO Important Dates

IPO Open Date10 Sep 2026
IPO Close Date15 Sep 2026
Basis of Allotment16 Sep 2026
Refund Initiation17 Sep 2026
Demat Credit Date17 Sep 2026
Listing Date18 Sep 2026
Anchor Investor Date-
UPI Mandate Deadline-

IPO Objectives

  • Capital expenditure for machinery and equipment – -
  • Funding working capital requirements – -
  • Debt repayment – -
  • General corporate purposes – Balance Amount

Investor Reservation

QIB QuotaNot more than 50% of the Net Issue
Retail QuotaNot less than 35% of the Net Issue
HNI Quota-
Employee Quota-
Shareholder Quota-
Anchor Investor Allocation-

Market Lot Details

ApplicationLot SizeSharesAmount
Retail Minimum2 Lots1200₹2,23,200
Retail Maximum2 Lots1200₹2,23,200
S-HNI Minimum3 Lots1800₹3,34,800
S-HNI Maximum8 Lots4800₹8,92,800
B-HNI Minimum9 Lots5400₹10,04,400

Key Performance Indicators (KPI)

ROENot explicitly stated in the source (RoNW: 80.47%)
ROCE54.60%
RoNW-
PAT Margin12.51%
EBITDA Margin18.36%
EPS₹11.89 (Pre-IPO), ₹9.39 (Post-IPO)
NAV per share-
Debt to Equity0.92
P/E Ratio-
Industry P/E-

Company Financial Data

PeriodAssetsTotal IncomePATEBITDANet WorthBorrowings
FY2026₹81.98 Cr₹122.74 Cr₹15.34 Cr₹22.52 Cr₹26.74 Cr₹26.66 Cr
FY2025₹47.67 Cr₹93.60 Cr₹5.57 Cr₹10.61 Cr₹11.39 Cr₹18.04 Cr
FY2024₹26.94 Cr₹61.41 Cr₹1.08 Cr₹2.90 Cr₹4.97 Cr₹16.11 Cr

Grey Market Premium

GMP PriceNot Available
Kostak RateNot Available
Subject to SaudaNot Available
Last UpdatedNot Available
Estimated Listing PriceTBA

IPO Subscription Data

Total SubscriptionPending
QIB (Ex Anchor)Pending
HNI SubscriptionPending
Retail SubscriptionPending
Anchor-

IPO Intermediaries

Registrar: Maashitla Securities Pvt. Ltd.

Registrar Website: Not explicitly stated in the source

IPO Lead Manager(s)

Choice Capital Advisors Pvt. Ltd.

Company Information

Address: Kh. No. 53/27 GT Karnal Road, Village Alipur, Near Alipur Police Station, Alipur, New Delhi - 110036

Website: Not explicitly stated in the source

Email: cs@speedexind.com

Phone: 9650589457

IPO Documents

Frequently Asked Questions (FAQ)

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