Maharaja Speedex IPO Day 1: Subscription Opens Today, 10 September 2026
- September 10, 2026
- Posted by: Harsh Piplani
- Category: IPO
Maharaja Speedex IPO opens today, 10 Sep 2026, closes 15 Sep 2026. Price band Rs 177-186. Lot size 600 shares. Lists on BSE SME on 18 Sep.
Quick Answer
The Maharaja Speedex IPO opens for subscription today, 10 September 2026, and will remain open until 15 September 2026. Maharaja & Speedex India Limited manufactures, brands and distributes stainless steel bottles and allied drinkware products, and is raising about Rs 80.13 crore through a combination of fresh issue and offer for sale. The price band is set at Rs 177 to Rs 186 per share, with a lot size of 600 shares, and the shares are proposed to list on the BSE SME platform. Since bidding has only just opened, subscription figures will start reflecting real demand as the day progresses, so investors should track the live numbers through the session before deciding.
Maharaja & Speedex India Limited, incorporated in February 2006, has opened its IPO for subscription today, 10 September 2026. The Maharaja Speedex IPO is a book built SME issue worth about Rs 80.13 crore, comprising a fresh issue and an offer for sale of about Rs 16.03 crore, and will remain open for bidding until 15 September 2026, a six day window spanning the coming weekend. The equity shares are proposed to be listed on the BSE SME platform.
The company manufactures stainless steel bottles, tumblers, feeding bottles and gym shakers through its wholly owned subsidiary Dewdrop Bottles Private Limited, operating two facilities in Sonipat, Haryana with installed capacity of 45.24 lakh units annually across 223 SKUs. The company distributes through 101 distributors across 17 states, and the fresh issue proceeds of the Maharaja Speedex IPO are earmarked for repaying borrowings and capital expenditure on plant and machinery.
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Maharaja Speedex IPO Details
The table below sets out the key parameters of the issue, including the price band, lot size and important dates.
| Open Date | 10 September 2026 |
| Close Date | 15 September 2026 |
| Face Value | Rs 10 per share |
| Price Band | Rs 177 to Rs 186 per share |
| Lot Size | 600 shares (minimum bid 1,200 shares) |
| Issue Size | Rs 80.13 crore |
| Issue Type | Book Built Issue, SME |
| Listing At | BSE SME |
| Allotment Date | 16 September 2026 |
| Listing Date | 18 September 2026 |
Maharaja Speedex IPO Quick Facts
| Particulars | Snapshot |
|---|---|
| Minimum retail investment | Rs 2,23,200 (2 lots, 1,200 shares) |
| Minimum HNI investment | Rs 3,34,800 (3 lots, 1,800 shares) |
| Registrar | Maashitla Securities Pvt Ltd |
| Lead Manager | Choice Capital Advisors Pvt Ltd |
This snapshot is meant as a quick reference alongside the fuller details table above, so investors scanning the issue on mobile can find the essentials without scrolling through the whole page.
Maharaja Speedex IPO Share Reservation
The issue reserves not more than 50 percent of the net offer for qualified institutional buyers, with the remainder split between non-institutional and retail individual investors, alongside a separate market maker reservation. Retail bidders must apply for a minimum of 2 lots, or 1,200 shares.
Maharaja Speedex IPO Subscription Status Day 1
Bidding for the issue has opened today, 10 September 2026, so the category wise numbers below will fill in as the session progresses. QIB and larger HNI bids in SME issues can arrive at any point through the bidding window.
| Investor Category | Subscription Status, Day 1 (10 Sep) |
|---|---|
| Qualified Institutional Buyers (QIB) | Bidding just opened, updating through the session |
| Non-Institutional Investors (NII) | Bidding just opened, updating through the session |
| Retail Individual Investors | Bidding just opened, updating through the session |
| Overall | Bidding just opened, updating through the session |
Track Subscription Status for the issue on the Univest Screener
How to Apply for the Maharaja Speedex IPO
- Open a Demat and trading account with a SEBI-registered broker such as Univest if you do not already have one.
- Select the issue on your broker app or net banking platform and enter your bid quantity and price within the Rs 177 to Rs 186 band, in multiples of 600 shares, with a minimum bid of 1,200 shares.
- Submit the application through the UPI-based ASBA method, which blocks the bid amount in your bank account rather than debiting it immediately.
- Approve the UPI mandate on your phone before the daily cut off time, and remember the issue closes on 15 September.
Download the Univest iOS App or Univest Android App to apply for the issue on its opening day.
Grey market premium (GMP) is an unofficial, unregulated indicator for the Maharaja & Speedex India IPO that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.
About Maharaja & Speedex India Limited
Maharaja & Speedex India Limited, incorporated in February 2006, manufactures, brands and distributes stainless steel bottles, tumblers, feeding bottles and gym shakers, catering to retail customers, institutional buyers and corporate gifting programmes through branded, OEM and private label products. Manufacturing runs through its wholly owned subsidiary Dewdrop Bottles Private Limited, and the company has recently acquired Speedex Online Private Limited to strengthen its digital distribution ahead of the issue.
Conclusion
The issue has opened for bidding today, 10 September 2026, backed by an established drinkware manufacturing and distribution business. Investors considering the issue should study the company’s debt levels, valuation and SME liquidity risks alongside the financials in the RHP on bseindia.com, and apply only after independent due diligence.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs
What is the Maharaja Speedex IPO subscription status on Day 1?
Ans. The issue opened for bidding today, 10 September 2026, so Day 1 category wise figures are still filling in through the trading session. Investors can track the live QIB, NII and retail numbers on BSE as the day progresses.
When does the Maharaja Speedex IPO open and close?
Ans. The issue opened for subscription today, 10 September 2026, and will close on 15 September 2026, a six day window that spans the coming weekend.
What is the Maharaja Speedex IPO price band and lot size?
Ans. The issue price band is Rs 177 to Rs 186 per share, with a lot size of 600 shares. Retail investors must apply for a minimum of 2 lots, or 1,200 shares, taking the minimum investment to about Rs 2,23,200 at the upper price band.
What is the issue size and structure of the Maharaja Speedex IPO?
Ans. The issue is worth about Rs 80.13 crore, comprising a fresh issue along with an offer for sale of about Rs 16.03 crore, the proceeds of which will not benefit the company.
How are shares reserved across investor categories in the Maharaja Speedex IPO?
Ans. The issue reserves not more than 50 percent of the net offer for qualified institutional buyers, with the balance split between non-institutional and retail individual investors, alongside a market maker reservation.
What is the Maharaja Speedex IPO GMP?
Ans. Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision, especially this early in the bidding window.
How do I apply for the Maharaja Speedex IPO?
Ans. You can apply for the issue through your SEBI-registered broker or UPI-enabled banking app using the ASBA method. Select the IPO, enter your bid quantity in multiples of 600 shares with a minimum of 1,200 shares, and your price within the Rs 177 to Rs 186 band, then approve the UPI mandate before the daily cut off.
When will the Maharaja Speedex IPO be allotted and listed?
Ans. The issue allotment is expected to be finalised on 16 September 2026, and the shares are tentatively scheduled to list on the BSE SME platform on 18 September 2026.
What does Maharaja & Speedex India Limited do?
Ans. Maharaja & Speedex India Limited manufactures, brands, markets and distributes stainless steel bottles, tumblers, feeding bottles and gym shakers, operating through its subsidiary Dewdrop Bottles Private Limited and a distribution network of 101 distributors across 17 states.
Who are the registrar and lead manager for the Maharaja Speedex IPO?
Ans. Maashitla Securities Pvt Ltd is the registrar for the issue, and Choice Capital Advisors Pvt Ltd is the book running lead manager for the issue.
