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SME · BSE
Maharaja & Speedex IPO

Maharaja & Speedex IPO

Maharaja & Speedex IPO

Overview

Maharaja & Speedex IPO is a book build issue of ₹80.13 crores. The issue is a combination of fresh issue of 34.46 lakh shares aggregating to ₹64.10 crores and offer for sale of 8.62 lakh shares aggregating to ₹16.03 crores. Maharaja & Speedex IPO opens for subscription on Sep 10, 2026 and closes on Sep 15, 2026. The allotment for the Maharaja & Speedex IPO is expected to be finalized on Sep 16, 2026. Maharaja & Speedex IPO will list on the BSE SME with a tentative listing date fixed as Sep 18, 2026. Maharaja & Speedex IPO is set issue price band at ₹177 to ₹186 per share. The lot size for an application is 600 shares. The minimum amount of investment required by an individual investor (retail) is ₹2,23,200 (1,200 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (1,800 shares), amounting to ₹3,34,800. Choice Capital Advisors Pvt.Ltd. is the book running lead manager and Maashitla Securities Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Choice Equity Broking Pvt.Ltd.

Total Shares

43,08,000

Issue Size

₹80 Cr

Price Band

177 – ₹186

Lot Size

600 shares

Min. Investment

1,11,600

Max. Investment

1,11,600

Open Date

10 Sep, 2026

Close Date

15 Sep, 2026

Allotment

16 Sep, 2026

Listing

18 Sep, 2026

Announced

10 Sep, 2026

Opening Date

10 Sep, 2026

Closing Date

15 Sep, 2026

Basis of Allotment

16 Sep, 2026

Initiation of Refunds

17 Sep, 2026

Credit of Shares

17 Sep, 2026

Listing Date

18 Sep, 2026

Live GMP

Est. Listing: ₹192

6

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About Maharaja & Speedex IPO

Incorporated in February 2006, 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 and Novelty Products. Standard Products primarily comprise stainless-steel bottles, while Novelty Products include tumblers, feeding bottles and gym sh

Maharaja & Speedex IPO Share Price

Issue Breakdown

Total Issue43,08,000 shares₹80 Cr
Fresh Issue32,30,400 shares₹60 Cr
Offer for Sale8,61,600 shares₹16 Cr

Shareholding

Pre-Issue1,28,98,740
Post-Issue1,63,45,140

Dilution: 26.7% increase in shares

Maharaja & Speedex IPO Financial Health

Maharaja & Speedex India Ltd.'s revenue increased by 31% and profit after tax (PAT) rose by 176% between the financial year ending with March 31, 2026 and March 31, 2025.

Maharaja & Speedex IPO Lot Size

Investors can bid for a minimum of 1,200 shares and in multiples of 600 shares thereof.

ApplicationLotsSharesAmount
Individual investors (IND) (Min)212002,23,200
Individual investors (IND) (Max)212002,23,200
S-HNI (Min)318003,34,800
S-HNI (Max)848008,92,800
B-HNI (Min)9540010,04,400

(All values in CR)

Maharaja & Speedex IPO Valuations

MetricValue
ROCE54.60
Debt/Equity0.92
RoNW80.47
PAT Margin12.51
EBITDA Margin18.36
NAV20.73
Price to Book Value8.97

(All values in CR)

Maharaja & Speedex IPO Strength & Risk

+Strengths

Maharaja & Speedex IPO Strength

  • Long-standing relationships with suppliers and customers
  • Integrated manufacturing and distribution capabilities
  • Diversified stainless-steel drinkware portfolio across price segments
  • Pan-India distribution network supports wider market reach
  • Own brands along with OEM and private-label manufacturing capabilities
  • Experienced management team with complementary industry expertise
  • Strong improvement in profitability and return ratios in recent financial performance
!Risks

Maharaja & Speedex IPO Risk

  • High dependence on a limited number of suppliers for raw materials
  • Revenue concentration among key customers
  • Dependence on distributors and other sales channels across India
  • OEM and private-label business may create channel conflicts with its own brands
  • Revenue is concentrated in certain states
  • Reliance on leased manufacturing and office premises

Maharaja & Speedex IPO GMP

Maharaja & Speedex India SME IPO last GMP is ₹6, last updated Sep 7th 2026 05:32 PM. With the upper price band of ₹186.00, Maharaja & Speedex India SME IPO's estimated listing price is ₹192 (cap price + today's GMP). The expected percentage gain/loss per share is 3.23%. >> Maharaja & Speedex India SME IPO Retail Subject to Sauda: ₹2700 The GMP for Maharaja & Speedex India SME IPO has started trading and has been available for the last 1 sessions. As the trading history is still limited, it is too early to determine a clear trend.

+6+3.2%

Last updated 07 Sep, 2026 · Source: aggregated grey-market dealers

DateIPO PriceGMPSub2 SaudaEst. ListingEst. ProfitUpdated
07 Sep, 2026186₹6-₹192 (3.23%)360007 Sep, 2026

Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.

How to Apply for Maharaja & Speedex IPO

1

Login to Your Trading App

Open Zerodha, Upstox, Groww, Angel One, or any brokerage app.

2

Go to IPO Section

Find Maharaja & Speedex IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).

3

Enter UPI ID and Submit

Provide your UPI ID linked to your bank account and submit the application.

4

Approve Mandate on UPI App

Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.

5

Application Confirmed

Your funds will be blocked in your account until the IPO allotment process is completed.

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