Maharaja & Speedex India Limited IPO
Maharaja & Speedex India Limited IPO closed on 15 Sept 2026. Allotment 16 Sept 2026, listing 18 Sept 2026. Price band ₹177–₹186, lot 600 shares, GMP +₹28 (15.05%). Track allotment on Allotly.
| Status | Closed |
|---|---|
| Category | SME · BSE |
| Price band | ₹177–₹186 |
| Lot size | 600 shares |
| Minimum investment | ₹2,23,200 |
| Issue size | ₹80.13 Cr |
| GMP | +₹28 (15.05%) |
| Open date | 10 Sept 2026 |
| Close date | 15 Sept 2026 |
| Allotment date | 16 Sept 2026 |
| Listing date | 18 Sept 2026 |
| Registrar | Maashitla Securities Pvt Ltd |
About Maharaja & Speedex India Limited
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…
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.