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Maharaja & Speedex India Limited
37.69xsubscribed

Maharaja & Speedex India Limited

listed
₹2.12LMin. investment

Maharaja & Speedex India Limited IPO Details

Price range₹177 – ₹186
IPO type
SME
Lot size600 shares
Issue size₹80Cr
Red Herring Prospectus
Read
Market cap
₹304.02CrLower than sector avg
RevenueApr 2025 - Mar 2026
₹122.65CrLower than sector avg
Growth rate3Y CAGR
41.43%

Maharaja & Speedex India Limited Subscription Status

Date
QIB
NII
Retail
Total
10-Sep-26
0.0 times (X)
2.56 times (X)
0.0 times (X)
0.34 times (X)
11-Sep-26
0.1X
3.46X
0.0X
0.65X
14-Sep-26
0.1X
3.46X
0.0X
0.66X
15-Sep-26
48.82X
121.64X
0.0X
37.69X

As on 10-Sep-26, 5:00 PM

Maharaja & Speedex India Limited Timeline

  1. Pre-apply
    9 Sep 2026
  2. Bid start
    10 Sep 2026
  3. Bid end
    15 Sep 2026
  4. Allotment
    16 Sep 2026
  5. Release of funds
    17 Sep 2026
  6. Demat transfer
    17 Sep 2026
  7. Listing
    18 Sep 2026

About Maharaja & Speedex India Limited

Maharaja & Speedex India is a company involved in the production and distribution of drinkware, with specialisation in stainless steel water bottles and allied products catering to both the retail and institutional markets in India.
There are two categories of products offered by the company, including standard products and novelty products with varied price points ranging from mass, premium to lifestyle products.
The process of manufacture is done through its subsidiary company named Dewdrop Bottles Private Limited, with two plants in Sonipat, Haryana, having an installed capacity of ~45.24 lakh units per annum, manufacturing 223 SKUs. Its distribution network includes 101 distributors spread across 17 states and two union territories in India. The utilisation of the installed capacity stood at 88.4% in FY26 compared to 77.5% in FY25.
In FY26, revenue from manufacturing was 88.8% of the total mix, and that from outsourcing amounted to 11.1%. Among products, Standard Sales generated 76.4% of total revenue, whereas novelty sales generated 19.8%. With respect to business models, revenue from OEM business was 54.8%, and that from branded business was 41.8%. Revenue from offline business was 90.1% in FY26, and that from online business was 9.9% of the total revenue in FY26. The top 10 clients constituted 48.7% of FY26 sales, and the top 10 suppliers made up 87.3% of the purchases in FY26.

Checklist

Quality analysis
Revenue growth
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Risk analysis
Debt to Equity ratio
Promoter holdings
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Objectives of Maharaja And Speedex India IPO

Repayment of loan
37.60%
The company will utilise ₹24.1 crore to repay loans availed by the business
Capital expenditure
33.40%
The company will utilise ₹21.42 crore for plant and machinery at the existing manufacturing plant.
General corporate purposes
28.90%
Part of the IPO proceeds will be used for general corporate purposes and issue expenses.

Compare

CompanyRevenue*3Y growthPATMarket capP/E ratioD/E ratio
This IPO₹122.65Cr41.43%₹15.34Cr₹304.02Cr15.640.92
This sector (avg.)₹1,544.14Cr---₹65.25Cr₹5,372.41Cr51.230.33
₹4,869.53Cr---₹290.92Cr₹15,584.77Cr61.130.14
₹7,863.55Cr---₹564.08Cr₹14,259.5Cr30.140.14
₹2,436.91Cr---₹164.42Cr₹10,531.76Cr57.030.01

*Revenue for financial year 2025-26. Lower P/E and D/E ratios are generally preferred.

Maharaja & Speedex India Limited Contact Details

Company NameMaharaja & Speedex India Limited

How to apply for Maharaja & Speedex India Limited?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Maharaja And Speedex India IPO FAQs