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Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Maharaja & Speedex India Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
Key metrics and details at a glance.
Price Band
₹186
Per ShareLot Size
600 Shares
Minimum Investment
₹1,11,600
Issue Size
₹80.13 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35.01%
QIB Quota
49.99%
NII Quota
15%
Important dates for your applying strategy.
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
87.68%
Promoter Holding (Post-Issue)
63.93%
Issue Type
Book Building - SME
ISIN
INE0SVD01012
Maharaja & Speedex India Limited (the "Company") is a drinkware manufacturing and distribution company focused on stainless-steel bottles and allied drinkware products, catering to both retail consumers and institutional customers across India. The Company is engaged in the manufacturing, branding, marketing and distribution of stainless-steel bottles and value-added drinkware products, with a diversified portfolio designed to address evolving consumer preferences for durable, hygienic and reusable drinkware solutions.
The Indian kitchenware industry is expected to maintain steady growth from FY 2025 to FY 2030E, supported by favourable market fundamentals and sustained demand. The market size stands at INR 571.0 billion in FY 2025 and is projected to grow to INR 616.0 billion in FY 2026E, INR 664.0 billion in FY 2027E, and further to INR 832.0 billion by FY 2030E, reflecting a CAGR of 7.8%. This growth is driven by rising urbanization, increasing disposable incomes, expansion of organized retail and e-commerce, and growing adoption of modular kitchens. Premiumization and consumer preference for high-quality materials such as stainless steel, glass, and specialty cookware are expected to support higher realizations. The Indian stainless steel kitchenware segment is projected to grow steadily, with market size increasing from INR 227.0 billion in FY 2025 to INR 246.0 billion in FY 2026E and INR 266.0 billion in FY 2027E, supported by increasing preference for durable and long-lasting products, along with replacement demand across urban and semi-urban households.
Revenue, profit after tax and total assets across the last 3 reported financial years.
Amount in ₹ crore
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial public offer of upto 43,08,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of Maharaja & Speedex India Limited ("The Company" or "The Issuer") at an offer price of Rs. 186 per equity share (including a share premium of Rs. 176 per equity share) for cash, aggregating up to Rs. 80.13 Crores ("Public Offer") comprising a fresh issue of upto 34,46,400 equity shares of face value of Rs. 10 each aggregating to Rs. 64.10 Crores (the "Fresh Issue") and an offer for sale of upto 8,61,600 equity shares of face value of Rs. 10 each comprising of 4,30,800 equity shares of face value of Rs. 10 each by Rakesh Kumar Aggarwal and upto 4,30,800 equity shares of face value of Rs. 10 each by Akash Aggarwal ("the Selling Shareholders" or "Promoter Selling Shareholders") ("Offer For Sale") aggregating to Rs. 16.03 Crores, out of which 2,16,000 equity shares of face value of Rs. 10/- each, at an offer price of Rs. 186 per equity share for cash, aggregating Rs. 4.02 Crores will be reserved for subscription by the market maker to the offer (the "Market Maker Reservation Portion"). The public offer less market maker reservation portion i.e. Offer of 40,92,000 equity shares of face value of Rs. 10 each, at an offer price of Rs. 186 per equity share for cash, aggregating up to Rs. 76.11 Crores is hereinafter referred to as the "Net Offer". The public offer and net offer will constitute 26.36% and 25.03% respectively of the post-offer paid-up equity share capital of the company. Price Band: Rs. 186 per equity share of face value of Rs. 10 each. The floor price is 18.60 times the face value of the equity shares. Bids can made for a minimum of 1200 equity shares and in multiples of 600 equity shares thereafter.
*Subject to approvals and market conditions.
Key competitive advantages and factors to consider before investing.
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Our Company was originally incorporated and registered as a private limited company under the name "Maharaja Cookers Private Limited" under the provisions of the Companies Act, 1956 vide certificate of incorporation dated February 15, 2006 issued by the Registrar of Companies, N.C.T of Delhi & Haryana. Subsequently, our Company changed its name to add its brand name with the company name for better and smooth business flow, pursuant to a resolution passed by our Board of Directors at their meeting held on December 11, 2023 and a special resolution passed by our Shareholders at the EGM held on December 12, 2023, the name of our Company was changed to "Maharaja & Speedex India Private Limited", pursuant to a certificate of incorporation dated February 01, 2024, issued by the Registrar of Companies, Central Processing Centre. Thereafter, our Company converted from a private limited company to a public limited company, pursuant to a resolution passed by our Board of Directors at their meeting held on December 02, 2025 and by our Shareholders at the EGM held on December 24, 2025, following which the name of our Company was changed to "Maharaja & Speedex India Limited" and a fresh certificate of incorporation consequent upon change of name was issued by the Registrar of Companies, Central Processing Centre on January 15, 2026.
Amount in ₹ crore
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.