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Maharaja & Speedex India
๐
Founded: 2006
๐ Alipur, New Delhi
๐ฅ employees
๐
๐ Face Value: โน10
๐ฆ Market Cap: TBA
Price Band
โน177 โ โน186
Issue Size
โน80.13 Cr
Lot Size
0 shares
Min. Investment
โน0
GMP
+โน30 (+16.1%)
Est. Return
+16.1%
Listing Date
To be announced
Registrar
Maashitla Securities
IPO Signal Analysis
๐ Based on Grey Market Premium (GMP) & Subscription Data โ not financial advice
GMP Signal
High Interest
GMP: +16.1% above issue price
โญ Overall Signal
High Interest
GMP + Subscription combined
Not financial advice
Not financial advice
Subscription Signal
Moderate Interest
0.00x subscribed
Issue Details
Fresh IssueTBA
Offer for Sale (OFS)โน16.02 Cr
Total Issue Sizeโน80.13 Cr
Face Valueโน10
Market Cap (at issue)TBA
Listing ExchangeBSE SME
๐
Open Date10 Sept 2026
๐ Close Date15 Sept 2026
โ๏ธ Cut-off Price Date15 Sept 2026
๐๏ธ Allotment DateTo be announced
๐ธ Refund InitiationTBA
๐ Demat CreditTBA
๐ Listing DateTo be announced
Objects of the Issue
- ๐ฐ Repayment of borrowings (โน24.10 Cr)
- ๐ฐ Capital expenditure for manufacturing (โน21.42 Cr)
- ๐ฐ General corporate purposes
About the Company
Maharaja & Speedex India, incorporated in 2006 and based in Alipur, New Delhi, manufactures and distributes stainless-steel bottles and other drinkware across mass, premium and lifestyle price segments, supplying both its own brands and OEM/private-label customers through a pan-India distribution network.
Strengths
- โ Revenue grew about 31% in FY26 while PAT surged roughly 176%, showing strong operating momentum
- โ Combines OEM/private-label manufacturing with its own branded drinkware, spreading demand across channels
- โ Pan-India distribution network built up across mass, premium and lifestyle segments
- โ Integrated manufacturing and distribution supports a broad, diversified product range
Risk Factors
- โ ๏ธ Consumer drinkware is a competitive, brand-sensitive category with low switching costs for buyers
- โ ๏ธ Nearly half the issue proceeds go toward debt repayment rather than new growth capacity
- โ ๏ธ Two promoters are selling shares in the offer-for-sale portion, partly diluting promoter ownership post-listing
Subscription Status
Not yet open
QIB: โ
NII: โ
RII: โ
GMP Trend
Day-wise Subscription
| Day | QIB | NII | RII | Overall |
|---|---|---|---|---|
| Day 1 | โ | โ | โ | 0.00x |
| Day 2 | โ | โ | โ | 0.00x |
| Day 3 | โ | โ | โ | 0.00x |
Share Reservation
QIB
50%
NII
15%
RII
35%
Allocation as per SEBI regulations for SME IPO
Anchor Investors
Anchor allotment details not yet available.
Promoter Holding
87.69%
Pre-IPO
โ -23.8%
63.93%
Post-IPO
Founders & Leadership
RA
Rakesh Kumar Aggarwal
Promoter
Leads the Aggarwal family promoter group behind Maharaja & Speedex India, a New Delhi-based stainless-steel drinkware manufacturer
IPO Timeline
โ
Open Date
10 Sept 2026
๐
Close Date
15 Sept 2026
๐๏ธ
Allotment Date
To be announced
๐
Listing Date
To be announced
Key Financials
Revenueโน122.74 Cr
PATโน15.34 Cr
EPSN/A
P/E RatioN/A
ROEN/A
Market CapTBA
Company Financials (Restated Consolidated)
| Period Ended | FY26 | FY25 | FY24 |
|---|---|---|---|
| Assets | โ | โ | โ |
| Total Income | 122.74 | 93.60 | 61.41 |
| Profit After Tax | 15.34 | 5.57 | 1.08 |
| EBITDA | 22.52 | 10.61 | 2.90 |
| Net Worth | 26.74 | 11.39 | 4.97 |
| Reserves & Surplus | โ | โ | โ |
| Total Borrowing | โ | โ | โ |
Amount in โน Crore
Key Performance Indicators (KPI)
| KPI | FY26 | FY25 |
|---|---|---|
| ROE (%) | 57.37 | 48.90 |
| EBITDA Margin (%) | 18.35 | 11.34 |
| Debt / Equity | NaN | NaN |
| Net Worth (Rs. Cr) | 26.74 | 11.39 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS | N/A | โ |
| P/E (x) | N/A | โ |
| ROE (%) | N/A | โ |
| Promoter Holding | 87.69% | 63.93% |
| Market Cap | TBA | |
IPO Registrar
Maashitla Securities
IPO FAQs
Maharaja & Speedex India IPO is a SME IPO with an issue size of โน80.13 Cr at a price band of โน177 โ โน186. Minimum lot size is 0 shares (minimum investment ~โน0). Opens on 10 Sept 2026 and closes on 15 Sept 2026. Proposed listing on BSE SME. Registrar: Maashitla Securities.