Maharaja & Speedex india
LIVEIPO Date: 10 Sept - 15 Sept 2026
Listing Date: 18 Sept 2026
Price Range
₹177 to ₹186
Issue Size
80 Cr
Min Investment
₹2,12,400
2 lots minimum (SEBI rule for SME)
Min Application
1200 Shares
600 per lot × 2
Schedule of Maharaja & Speedex india
Issue open date
10 Sept 2026
Issue close date
15 Sept 2026
UPI mandate deadline
15 Sept 2026 (5 PM)
Allotment finalization
16 Sept 2026
Share credit
17 Sept 2026
Listing date
18 Sept 2026
Mandate end date
30 Sept 2026
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 80 Cr |
| Fresh Issue | 34.46 Cr |
| Offer for Sale | 8.62 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 16 Sept 2026 |
| Allotment Link | {Link} |
Grey Market Premium
NewGrey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | IPO Price | GMP | Est. Listing Price |
|---|---|---|---|
| 11 Sept 2026Latest | ₹186 | ₹30 | ₹216(+16.13%) |
| 10 Sept 2026 | ₹186 | ₹30 | ₹216(+16.13%) |
| 9 Sept 2026 | ₹186 | ₹30 | ₹216(+16.13%) |
| 8 Sept 2026 | ₹186 | ₹30 | ₹216(+16.13%) |
| 7 Sept 2026 | ₹186 | ₹15 | ₹201(+8.06%) |
Performance Maharaja & Speedex india
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| ₹177 to ₹186 | .... | .... | .... |
About Maharaja & Speedex india
Maharaja & Speedex India Limited operates in the stainless-steel kitchenware and drinkware industry, manufacturing products such as bottles, feeding bottles, vacuum flasks, pressure cookers and insulated steel products. The company sells products under its own brands while also undertaking OEM and private-label manufacturing for third-party customers. It operates two manufacturing facilities in Sonipat, Haryana, with integrated capabilities covering production, polishing, printing, packaging and dispatch. Its distribution network includes 101 distributors across 17 states and 2 Union Territories, supplemented by online marketplaces and its own website.
| Founded in | 2006 |
| Managing director | Rakesh Kumar Aggarwal |
| Parent organization |
Financial Overview
Strengths
4- 1
Diversified product portfolio covering bottles, feeding bottles, tumblers, gym shakers, vacuum flasks and other stainless-steel products across different price segments.
- 2
Strong distribution network of 101 distributors across 17 states and 2 Union Territories, supported by online sales channels.
- 3
Integrated manufacturing capabilities, with two facilities handling production, cleaning, polishing, printing, packaging and dispatch.
- 4
Dual business model combining own-brand sales with OEM and private-label manufacturing, allowing the company to serve both consumers and institutional customers.
Risks
4- 1
Intense competition from established kitchenware and drinkware brands such as Cello, Borosil and Milton could put pressure on pricing and margins.
- 2
Dependence on distributors and consumer demand means changes in retail demand, distributor relationships or inventory levels could affect sales.
- 3
Borrowing and expansion requirements — part of the IPO proceeds is intended for repayment of borrowings and purchase of plant and machinery, indicating ongoing capital requirements.
- 4
Brand-building and product diversification risk — newer products and brands need sustained marketing and distribution investment to gain market acceptance against established competitors.
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | 0.1 |
| Non-Institutional Investors (NIIs) | 0.8 |
| Retail Individual Investors (RIIs) | 0.56 |
| Employee | N/A |
| Total | 0.48 |