Maharaja & Speedex India Limited (SME)

Minimum Investments

₹2,12,400

Price Range

₹177 - ₹186

Issue Size

₹80.13 Cr

Lot Size

600shares

This stock belongs to the SME (Small & Medium Enterprises) segment which usually has low liquidity and hence, is also riskier. It will be traded in a lot size of 600 shares after listing.

Proceeds of this IPO to be used for

Repayment and/or pre-payment, in full or part, of certain borrowings availed by the company and its subsidiary from banks

Funding of capital expenditure towards purchase of plant and machineries at the existing manufacturing facility of their wholly-owned subsidiary

General corporate purposes

Strengths & Weaknesses

Diversified product portfolio

The company offers a diversified portfolio of stainless-steel consumer products across mass-market and premium price segments, enabling it to serve consumers with varied preferences, usage requirements and purchasing power. The broad portfolio reduces dependence on any single product category, while allowing the company to leverage manufacturing, procurement and distribution efficiencies, improve capacity utilisation and introduce new products with limited additional investment

Client relationship

The company has established long-standing relationships with customers and suppliers based on consistent product quality, reliable delivery and responsive service, supporting stable supply of key raw materials and efficient production planning. Its ability to provide customised products, timely delivery and consistent service has driven repeat business and customer retention, while regular customer engagement helps identify evolving needs, support revenue stability and create long-term growth opportunities

Integrated manufacturing & distribution capabilities

The company’s integrated manufacturing systems covering procurement, production planning, quality assurance and logistics enable efficient inventory management, material utilisation and production scheduling. Its pan-India distributor network of approximately 101 distributors across 17 states and 2 union territories, supported by online sales channels, enables wider market reach, timely order fulfilment and supply chain continuity

Counterparty credit risk

The company is exposed to counterparty credit risk as it extends credit to customers, and delays or defaults in receiving payments could increase receivables and adversely affect its cash flows and financial performance. Customers facing financial difficulties due to adverse macroeconomic conditions may seek extended payment terms or default on their obligations, and the company may also face challenges in accurately assessing their creditworthiness

Working capital intensive

The company may require additional capital to fund working capital, operating expenses, expansion and future business growth, which may not be available on favourable terms or at all. Additional debt could impose restrictive covenants and increase interest and repayment obligations, while equity funding may dilute shareholders, limiting the company’s financial flexibility and ability to pursue growth opportunities

Employee misconduct & error risk

The company may face financial, regulatory and reputational risks from employee misconduct, negligence or errors that may be difficult to detect or prevent despite its internal controls. Such incidents could result in claims, regulatory action, financial losses and damage to the company’s reputation, business and financial performance

Financials

Income Statement

Also called a profit and loss statement, an income statement shows a company’s income, expenses, and how much profit or loss it has made over a specific accounting period. It provides a clear view of how well the business is running.

Particulars (in Cr)	Mar 2026	Y/Y Change
Operating Revenue	122.65	+31.16%
Other Income	0.09	-10.00%
Total Income	122.74	+31.13%
Total Expenditure	103.55	+20.25%
EBIDT	22.68	+111.37%
Depreciation	1.93	+60.83%
Interest	1.56	-23.53%
Tax	3.85	+100.52%
Net Profit	15.34	+175.40%

Balance Sheet

A balance sheet is a financial statement that details a company’s assets, liabilities, and shareholders’ equity at a given time. It helps assess how financially strong and stable the company is.

Particulars (in Cr)	Mar 2026
Total Current Assets	65.46
Total Non-Current Assets	16.52
Fixed assets	15.17
Total Assets	81.98
Total Current liabilities	48.82
Total Non Current Liabilities	4.30
Total Equity Plus Liabilities	81.98
Total Shareholder Funds	28.86
Total Debt to Equity	92.00%

Cash Flow

Cash flow highlights the cash or cash equivalents moving in and out of a company during a particular period. It provides a clear picture of how well a company manages its cash by tracking its operating, investing and financing activities.

Particulars (in Cr)	Mar 2026
Cash from Operating Activity	3.66
Cash from Financing Activities	7.23
Cash from Investing Activities	-11.60
Net Cash Flow	-0.72

About the Company

Maharaja & Speedex India was incorporated on February 15, 2006. The company manufactures, brands, markets and distributes stainless-steel bottles and allied drinkware products for retail and institutional customers across India. Its diversified portfolio focuses on durable, hygienic and reusable drinkware solutions to meet evolving consumer preferences

Promoter
Rakesh Kumar Aggarwal
Promoter
Akash Aggarwal
Promoter
Rohit Garg
Promoter
Kusum Aggarwal
Promoter
Ankit Bansal
Promoter
Atul Tulsian

FAQs for Maharaja & Speedex India Limited IPO

Maharaja & Speedex India Limited IPO refers to the initial public offering of shares by Maharaja & Speedex India Limited. It is a process by which the company offers its shares to the public for the first time, allowing individuals to become shareholders.

For Maharaja & Speedex India Limited IPO the issue size is ₹80 Cr. The issue size is the total value of the shares offered to the public. It represents the amount the company aims to raise through the IPO.

For Maharaja & Speedex India Limited IPO the minimum investment is ₹2.1 L. The minimum investment for Maharaja & Speedex India Limited IPO is the smallest amount an individual can invest to participate in the offering. It is usually determined by the company and regulatory requirements.

For Maharaja & Speedex India Limited IPO the lot size is 600 shares. The lot size of Maharaja & Speedex India Limited IPO refers to the number of shares that investors need to bid for and purchase in a single transaction. It is predetermined by the company and regulators.

To apply for Maharaja & Speedex India Limited IPO on Share.Market, go to the home page section and click/press on the browse IPOs section to view the open and upcoming IPOs. Select the Maharaja & Speedex India Limited IPO from the list and click on apply now. Place your bids or choose the Cut-off Price option. Enter your UPI ID and set up your mandate to place your application.

Yes, investors can often pre-apply for some of the IPOs. Pre-application allows individuals to express their interest in participating in the IPO before the official subscription period begins. To pre- apply for Maharaja & Speedex India Limited IPO on Share.Market, go to the home page section and click/press on the browse IPOs section to view the open and upcoming IPOs. Select the Maharaja & Speedex India Limited IPO from the list and click on pre-apply now. Once the IPO opens for subscription you can enter your UPI ID and set up your mandate to place your application.

The IPO application window typically remains open for 3 days, starting from the date of the IPO opening. However, this duration can vary depending on the specific IPO and the regulatory requirements.

You can apply for the IPO till 3 PM on the last day of application on Share.Market.

For Maharaja & Speedex India Limited IPO the allotment date is 16 Sep 2026. The allotment date of Maharaja & Speedex India Limited IPO is the date on which shares are allocated to the successful bidders. It marks the distribution of shares to investors.

For Maharaja & Speedex India Limited IPO, the subscription opens on 10 Sep 2026 and closes on 15 Sep 2026. The open and close dates of an IPO indicate the period during which investors can submit their bids to participate in the offering.