Maharaja & Speedex India Limited
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₹23.8(12.80%)
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Maharaja & Speedex India Limited's successfully completed its Initial Public Offering and commenced trading on Sep 18, 2026 at the BSE exchange. The company raised 43,08,000 Shares through this public offering, comprising 34,46,400 Shares in fresh capital and ₹16.02 Cr through the Offer for Sale mechanism.
The IPO was priced within the band of ₹177 to ₹186, with minimum application lots of 600 shares. The offering attracted significant investor interest during its subscription period from Sep 10, 2026 to Sep 15, 2026.
Share allotment was finalized on Sep 16, 2026, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Maharaja & Speedex India Limited, originally incorporated in 2006 as Maharaja Cookers Private Limited, is a drinkware manufacturing and distribution company focused on stainless-steel bottles and other drinkware products. The Company offers a diverse range of standard and novelty products, including stainless-steel bottles, tumblers, feeding bottles and gym shakers, catering to mass, premium and lifestyle segments. It also provides OEM and private-label manufacturing solutions for corporate gifting programs, institutional buyers and brand partners, serving both B2C and B2B customers. With in-house manufacturing capabilities supported by its subsidiary, modern machinery and advanced production facilities, the Company focuses on maintaining product quality, efficient production and customization. Its product portfolio is aligned with growing consumer demand for durable, hygienic, reusable and sustainable alternatives to plastic drinkware.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Strong Supplier & Customer Relationships: The company has built long-term relationships with customers and suppliers by providing consistent quality, reliable delivery and responsive service, supporting stable business growth.
- Diversified Product Portfolio: The company offers stainless-steel consumer products across different price ranges, from affordable to premium, catering to a wide range of customer needs and preferences.
- Experienced Management Team: The company has an experienced management team with expertise in manufacturing, operations, product development, sales, marketing and finance, supporting its shift from trading to an integrated manufacturing and distribution business.
- Dependence on Distribution Network: The company relies on its network of offline distributors, e-commerce platforms, website and other digital channels to sell its products. Any disruption in these channels could affect sales, cash flow and financial performance.
- Channel Conflict from OEM & Private-Label Products: The company also manufactures similar products for third parties under OEM and private-label arrangements. This could create competition with its own brands and affect brand positioning and growth.
- Ongoing Legal Proceedings: The company and certain key personnel and subsidiaries are involved in ongoing legal cases. Any unfavorable decision or penalty could increase costs and liabilities and negatively affect the business.
- Rakesh Kumar Aggarwal
- Kusum Aggarwal
- Akash Aggarwal
- Ankit Bansal
- Atul Tulsian
- Rohit Garg
Maharaja & Speedex India Limited
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