Maharaja & Speedex India IPO
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Maharaja & Speedex India IPO details
Schedule of Maharaja & Speedex India
| Issue open date | 10 Sep 2026 |
| Issue close date | 15 Sep 2026 |
| UPI mandate deadline | 15 Sep 2026 (5 PM) |
| Allotment finalization | 16 Sep 2026 |
| Refund initiation | 17 Sep 2026 |
| Share credit | 17 Sep 2026 |
| Listing date | 18 Sep 2026 |
| Mandate end date | 30 Sep 2026 |
| Lock-in end date for anchor investors (50%) | 15 Oct 2026 |
| Lock-in end date for anchor investors (remaining) | 14 Dec 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Maharaja & Speedex India
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.
Financials of Maharaja & Speedex India
Issue size
| Funds Raised in the IPO | Amount (₹ crores) |
| Total issue size | 80.13 |
| Fresh Issue – Proceeds go to the company | 64.1 |
| Offer for sale – Proceeds go to the existing investors | 16.03 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Funding capital expenditure |
21.42 (33.42%) |
| Repayment or prepayment of certain borrowings | 24.1 (37.60%) |
| General corporate purposes | 18.58 (28.98%) |
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.
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.
Allotment Status for Maharaja & Speedex India
To check your IPO allotment status:
- Visit the Maashitla Securities IPO Application Status page.
- Select the company name from the dropdown menu.
- Select and enter one of the following: PAN, Application Number, DP/Client ID, or Account Number/IFSC.
- Click Submit to view your allotment status.
Subscription Figures for Maharaja & Speedex India
Grey Market Premium (GMP) is an unofficial and unregulated metric that may not accurately reflect investor interest. Instead, investors should refer to the IPO subscription data published by the stock exchanges, which is a more reliable indicator of demand.
Subscription numbers as of 05:00 PM on September 15, 2026:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 8.18 | 399.58 | 48.82x |
| NII | 8.30 | 249.65 | 30.09x |
| Retail | 14.33 | 281.50 | 19.65x |
| Total | 30.81 | 930.73 | 30.21x |