Maharaja & Speedex India
18 Sep '26SME
Min. Investment
₹2,12,400
Issue size
₹80.13 Cr
GMP
Locked
Overall subscription: 0.24x
Expert verdict
IPO dates
10 Sep
Opening
15 Sep
Closing
16 Sep
Allotment
18 Sep
Listing
*Refunds will be initiated on 17 Sep '26
IPO quota
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 1200 | ₹2,23,200 |
Subscription (as on 10 September 2026, 05:30 PM)
Overall0.24x
Qualified institutional buyers
Non-Institutional Buyers
Retail Investors
Employee
About company
Founded: 2006|MD: Mr Rakesh Kumar Aggarwal
- Maharaja & Speedex India Limited is a drinkware manufacturing and distribution company. It is engaged in the manufacturing, branding, marketing, and distribution of stainless-steel bottles and allied drinkware products for retail and institutional customers.
- Its product portfolio comprises Standard Products, including stainless-steel bottles for routine use, and Novelty Products, including tumblers, feeding bottles, and gym shakers. The company also undertakes OEM and private-label manufacturing, offering customised products for corporate gifting, institutional buyers, and brand partners.
- Manufacturing operations are primarily undertaken through its subsidiary, Dewdrop Bottles Private Limited, which operates two facilities in Sonipat, Haryana. These facilities have an installed production capacity of approximately 45.24 lakh units annually across 223 SKUs. The company has a pan-India distribution network of 101 distributors across 17 states and two Union Territories, supported by modern trade and online sales channels.
- Use of proceeds:
- The IPO consists of both a fresh issue of shares and an offer for sale (OFS). Proceeds from the OFS will go to the respective selling shareholders, whereas the net proceeds from the fresh issue will be utilised for the following purposes:
- Repayment and/or pre-payment, in full or part, of certain borrowings availed by the company and its subsidiary from banks — Rs 24.10 crore
- Funding of capital expenditure towards purchase of plant and machineries at the existing manufacturing facility of the wholly-owned subsidiary — Rs 21.41 crore
- General corporate purposes
Issue Details & Objective
Lot size
600 Shares
Price band
₹177 to 186
Face value
₹10 per share
Financials
IPO reservation
Anchor investor - 28.48%
QIB - 19.00%
HNI - 14.25%
Retail - 33.26%
Download DRHP (IPO Doc)FAQs
Our SEBI-registered investment advisors give out verdicts for each IPO. You can refer to their expert verdict at the top of this page. Please note that these verdicts are for informational purposes only and should not be construed as investment advice. Markets are subject to risk, and investors should exercise their own discretion and diligence.
The issue size of Maharaja & Speedex India IPO is ₹80.13 Cr
The Maharaja & Speedex India IPO will be open for applications from 10 Sep '26 to 15 Sep '26
The lot size of Maharaja & Speedex India IPO is 600 Shares and its minimum investment amount is ₹2,12,400.
