Maharaja & Speedex India Ltd.
SMEBSE₹177–186
₹ 57 Cr
1200 Shares
₹ 2,12,400
₹10
Financial Summary
| Particulars | FY 2025-26 | FY 2024-25 |
|---|---|---|
| 12,265.38 | 9,350.81 | |
| 8.82 | 9.59 | |
| 12,274.2 | 9,360.4 | |
| 10,005.36 | 8,287.83 | |
| 1,919.25 | 748.97 | |
| 1,534.19 | 556.55 |
Subscription Details
Subscription
IPO Timeline
IPO Offer Start
10 Sept 2026
IPO Offer Ends
15 Sept 2026
18 Sept 2026
Use of Proceeds
| # | Purpose | Amount (₹ Million) |
|---|---|---|
| 1 | Repayment and/or pre-payment, in full or part, of certain borrowings availed by our Company and its | 241.043 |
| 2 | Funding of capital expenditure towards purchase of plant and machineries | 214.158 |
| 3 | General Corporate Purposes | 96.123 |
Promoters
Book Running Lead Managers
Promoter Shareholding
Pre-IPO
92.39%
Promoter stake
Post-IPO
63.93%
Promoter stake
Offered to Public
43,08,000
shares
Post Share Capital
1,04,49,304
shares
IPO Registrar
Maashitla Securities Pvt Ltd.
About the Company
Maharaja & Speedex India Limited (the “Company”) is a drinkware manufacturing and distribution company focused on stainless-steel bottles and allied drinkware products, catering to both retail consumers and institutional customers across India. The Company is engaged in the manufacturing, branding, marketing and distribution of stainless-steel bottles and value-added drinkware products, with a diversified portfolio designed to address evolving consumer preferences for durable, hygienic and reusable drinkware solutions. The Company’s product portfolio is broadly classified into Standard Products and Novelty Products. Standard Products include stainless steel bottles catering to routine usage, while Novelty Products comprise tumblers, feeding bottles and gym shakers, designed to meet evolving consumer preferences. These products are offered across multiple price points and consumer segments including mass, premium and lifestyle categories, enabling the Company to cater to a broad customer base. Over the past few years, the Company has expanded its product mix to include value-added and specialized drinkware products, reflecting growing consumer awareness around health, sustainability and the shift from plastic-based products to stainless-steel alternatives. In addition to its branded product offerings, the Company undertakes original equipment manufacturing (OEM) and private-label manufacturing, providing customized drinkware solutions for corporate gifting programs, institutional buyers and brand partners. These capabilities enable the Company to serve both business-to-consumer (“B2C”) and business-to-business (“B2B”) markets, while building long-term relationships with distributors, retailers and institutional clients.
Use of Proceeds
1. Repayment and/or pre-payment, in full or part, of certain borrowings availed by our Company and its subsidiary from banks; 2.Funding of capital expenditure towards purchase of plant and machineries at the existing manufacturing facility of our wholly-owned subsidiary; and 3.General Corporate purposes.
Maharaja & Speedex India Ltd. Latest News
IPO FAQs
The Maharaja & Speedex India Ltd. IPO has a total of ₹57 crore, calculated at the upper end of the .
The Maharaja & Speedex India Ltd. IPO is priced at ₹177–186 per share. bids must fall within this , against a of ₹10 per share.
The for the Maharaja & Speedex India Ltd. IPO is 1,200 shares, which is also the minimum order quantity — you have to apply for at least 1,200 shares, and in multiples of 1,200 beyond that.
The minimum investment in the Maharaja & Speedex India Ltd. IPO is about ₹2,12,400 — one lot of 1,200 shares, calculated at the lower end of the .
Bidding at the cut-off or upper price raises the amount blocked in your account.
The Maharaja & Speedex India Ltd. opens on 10 Sept 2026 and closes on 15 Sept 2026.
Applications have to be in before 5:00 PM IST on the closing day, and your UPI mandate needs to be approved by then as well.
Maharaja & Speedex India Ltd. shares were listed on 18 Sept 2026 on BSE.
Maashitla Securities Pvt Ltd. is the for the Maharaja & Speedex India Ltd. IPO.
The registrar processes the , refunds and the credit of shares to your demat account, so allotment-status queries go to them.
Maharaja & Speedex India Ltd. IPO shares are listed on BSE.
Each Maharaja & Speedex India Ltd. share has a of ₹10.
Face value is the nominal value recorded in the company's books and is separate from the issue price you pay.
held 92.39% of Maharaja & Speedex India Ltd. before the IPO, which falls to 63.93% after the issue.
43,08,000 shares of Maharaja & Speedex India Ltd. are being offered to the public in this issue.
The Maharaja & Speedex India Ltd. IPO has been subscribed 30.21x overall — 48.82x, 30.09x and 19.65x.
figures update through the issue period until it closes.
- 1.Repayment and/or pre-payment, in full or part, of certain borrowings availed by our Company and its subsidiary from banks
- 2.Funding of capital expenditure towards purchase of plant and machineries at the existing manufacturing facility of our wholly-owned subsidiary
- 3.General Corporate purposes
Choice Capital Advisors Pvt Ltd is the book running lead manager for the Maharaja & Speedex India Ltd. IPO.
Pre-apply means placing your Maharaja & Speedex India Ltd. application before the subscription window actually opens. The bid is held and forwarded to the exchange on the opening day, so you don't have to submit it in the rush of the first morning.
Applying early doesn't improve your chances — when an issue is oversubscribed, the for investors is decided by a lottery, not by who applied first. Your money is only blocked once the application reaches the exchange.
You can apply in the Maharaja & Speedex India Ltd. IPO online using either UPI or ASBA as the payment method. ASBA applications are made through the net banking of a bank account that supports IPO applications — the bank blocks the amount in your account instead of debiting it. UPI applications are offered by brokers that don't provide banking services: you enter your UPI ID and then approve the mandate request in your UPI app.
Either route needs a demat account. You bid for at least one lot, at a price within the or at the cut-off price, and the money stays blocked in your bank account until the is finalised.
Your broker or bank confirms the bid once it has been submitted to the exchange, usually within a few minutes during the bidding window. A UPI application only goes live after you approve the mandate request — ignore it and the bid lapses, even though it looks placed.
You can check the Maharaja & Speedex India Ltd. bid independently on the NSE or BSE IPO bid-verification page a day after applying. An ASBA application also shows up as a blocked amount in your bank statement.