IPO profile
Maharaja & Speedex India Limited
SPEEDEX · BSE
- Price band
- ₹177 - ₹186
- Subscription
- Not available
Application & Issue Details
- Minimum Quantity
- 600 shares
- Minimum Application
- ₹1,11,600
- Issue Size
- Rs. 80 Cr
- Face Value
- Not available
Company Overview
Maharaja & Speedex operates in the Indian stainless-steel kitchenware industry, engaging in the manufacturing of household products such as water bottles, pressure cookers, feeding bottles, insulated steel bottles, and vacuum flasks. The company conducts its core business activities through a dual model, marketing products under its own brands while also manufacturing for third-party customers under original equipment manufacturer (OEM) and private-label arrangements. Maharaja & Speedex generates revenue primarily through the sale and distribution of these stainless-steel consumer products across both offline and online channels. Its offline distribution network spans 101 distributors across 17 states and two union territories, complementing its online presence on e-commerce marketplaces and its own website. All production activities are consolidated at its two manufacturing facilities located in Sonipat, Haryana, which support end-to-end production, cleaning, polishing, printing, packaging, and dispatch operations.
Important Dates
- Open Date
- 10 Sept 2026
- Close Date
- 15 Sept 2026
- Allotment Date
- Not available
- Listing Date
- 18 Sept 2026
Issue Timeline
- Issue open date
- Issue close date
- UPI mandate deadline
- Allotment finalization
- Refund initiation
- Share credit
- Listing date
- Mandate end date
- Lock-in end date for anchor investors (50%)
- Lock-in end date for anchor investors (remaining)
Subscription
Subscription data not available yet.
Actual Listing Performance
- Listing Date
- 18 Sept 2026
- Actual Listing Price
- ₹250
- Gain/Loss Per Share
- +₹64
- Gain/Loss Per Lot
- +₹38,400
- Listing Gain/Loss %
- +34.41%
- Measured Against
- ₹186
- Lot Size
- 600 shares
Historical result from the reported listing price, compared with the upper price band (final issue price not reported). Excludes brokerage, taxes and charges.
Company Strengths & Risks
Reported strengths
- Broad product portfolio of stainless-steel kitchenware and household items.
- Pan-India distribution network with 101 distributors across multiple states.
- Flexible dual business model with proprietary brands and third-party OEM.
- Two dedicated manufacturing facilities in Haryana ensure operational control.
- Steady financial growth with rising revenues and net profitability.
Key risks
- Reliance on a limited number of suppliers for stainless-steel raw materials.
- Significant revenue concentration derived from a small group of key customers.
- Third-party OEM manufacturing creates potential channel conflicts with branded products.
- Operations are vulnerable to localized economic or regulatory disruptions.
- Core manufacturing facilities operate from leased premises subject to renewal.
Company strengths and risks are informational summaries. Review the offer document for complete disclosures.
Documents & Coverage
IPO data last updated 25 Oct 2026, 12:08 pm IST · listing price: NSE/BSE
This page is for informational and educational purposes only. It is not investment advice and not a recommendation to buy, sell, or apply for this IPO. GMP and subscription figures are unofficial/may change. Please make your own independent decision.