Archive · 10 Sep 2026
Maharaja & Speedex India IPO Opens September 10
Maharaja & Speedex India makes stainless-steel bottles and other drinkware.
It has started selling shares to the public through an IPO.
People can subscribe between September 10 and September 15.
Each share costs between ₹177 and ₹186.
The company hopes to raise up to ₹80.13 crore.
It plans to use some money to repay loans and buy machinery.
Its products are sold under the Speedex and Dewdrop brands.
The shares are planned to be listed on the BSE SME platform.
Maharaja & Speedex India opened its IPO on September 10 to raise up to ₹80.13 crore.
The offering comprises 43,08,000 shares priced between ₹177 and ₹186 each and closes September 15.
The shares are proposed to list on the BSE SME platform.
IPO proceeds will fund debt repayment, plant and machinery purchases, and general corporate purposes.
The company sells stainless-steel drinkware through Speedex and Dewdrop brands, OEM offerings, and 101 distributors.
- Who
- Maharaja & Speedex India Limited, a stainless-steel drinkware manufacturer.
- What
- The company opened an IPO comprising 43,08,000 equity shares.
- When
- Subscription runs from September 10 through September 15.
- Where
- The shares are proposed to list on the BSE SME platform; the company’s subsidiary operates manufacturing units in Sonipat, Haryana.
- Why
- The company plans to repay or prepay borrowings, purchase plant and machinery, and fund general corporate purposes.
- Issue size
- 43,08,000 equity shares
- Price band
- ₹177–₹186 per equity share
- Fundraising target
- Up to ₹80.13 crore at the upper price band
- Subscription period
- September 10 to September 15
- Retail allocation
- At least 35% of the net offer
- Product portfolio
- 223 drinkware SKUs across Speedex, Dewdrop, OEM, and private-label offerings
- FY26 financials
- Revenue of ₹122.65 crore, EBITDA of ₹22.52 crore, and profit after tax of ₹15.34 crore