Maharaja & Speedex India Limited IPO
Lists on 18 Sep
- Price band
- ₹177 – ₹186
- Min. investment
- ₹2,12,400
- Lot size
- 600 shares
- Issue size
- ₹80.13 Cr
Educational only — PaisaTrade does not take IPO applications.
Timetable
Bidding closes at 5 PM IST on the last day. UPI mandate cut-off is usually the same day.
Opens
10 Sep
Thu
Closes
15 Sep
Tue
Allotment
16 Sep
Wed
Listing
18 Sep
Fri
Issue summary
- Price band
- ₹177 – ₹186
- Issue size
- ₹80.13 Cr
- Lot size
- 600 shares
- Min. investment
- ₹2,12,400
What will it cost me?
At the upper price band. Apply in whole lots only.
Lots
1
Shares
600
Amount
₹1,11,600
Retail = up to ₹2 lakh. S-HNI = ₹2–10 lakh. B-HNI = above ₹10 lakh.
Strengths & risks
Summarised from the offer document. Read the RHP before deciding anything.
Strengths 3
- Diversified product portfolio — Stainless-steel consumer products across mass-market and premium price segments, which reduces dependence on a single category and supports capacity utilisation.
- Client relationships — Long-standing customer and supplier relationships based on product quality, delivery and service, supporting repeat orders and planning.
- Integrated manufacturing & distribution — Procurement, production planning, quality and logistics sit with a pan-India distributor network (about 101 distributors across 17 states and 2 union territories) plus online channels.
Risks 3
- Counterparty credit risk — The company extends credit to customers. Delays or defaults can raise receivables and pressure cash flow — a typical working-capital lesson in IPO DRHPs, not a trade call.
- Working-capital intensive — Growth, inventory and receivables may need extra capital. Additional debt or equity can change leverage or dilute shareholders.
- Employee misconduct & error risk — Like most manufacturers, the DRHP flags residual operational, regulatory and reputational risk from errors or misconduct despite internal controls.
Financials
From the offer document, ₹ crore.
| Particulars | Latest | YoY |
|---|---|---|
| Operating revenue | 122.65 | +31.16% |
| Other income | 0.09 | −10.00% |
| Total income | 122.74 | +31.13% |
| Total expenditure | 103.55 | +20.25% |
| EBIDT | 22.68 | +111.37% |
| Depreciation | 1.93 | +60.83% |
| Interest | 1.56 | −23.53% |
| Tax | 3.85 | +100.52% |
| Net profit | 15.34 | +175.40% |
| Total current assets | 65.46 | — |
| Total non-current assets | 16.52 | — |
| Fixed assets | 15.17 | — |
| Total assets | 81.98 | — |
| Total current liabilities | 48.82 | — |
| Total non-current liabilities | 4.30 | — |
| Total shareholder funds | 28.86 | — |
| Debt / equity | 92% | — |
| Cash from operating activity | 3.66 | — |
| Cash from financing activities | 7.23 | — |
| Cash from investing activities | −11.60 | — |
| Net cash flow | −0.72 | — |
Where the money goes
Objects of the issue from the offer document.
- 1
Repayment and/or pre-payment, in full or part, of certain borrowings availed by the company and its subsidiary from banks
- 2
Funding of capital expenditure towards purchase of plant and machineries at the existing manufacturing facility of their wholly-owned subsidiary
- 3
General corporate purposes
About the company
Maharaja & Speedex India was incorporated on 15 February 2006. It manufactures, brands, markets and distributes stainless-steel bottles and allied drinkware for retail and institutional customers across India. The portfolio focuses on durable, hygienic, reusable drinkware. This PaisaTrade page is an educational read of the SME IPO — not a bid ticket.
Promoters
- Rakesh Kumar Aggarwal
- Akash Aggarwal
- Rohit Garg
- Kusum Aggarwal
- Ankit Bansal
- Atul Tulsian
Maharaja & Speedex India Limited IPO — FAQs
What is Maharaja & Speedex India Limited IPO?+
Maharaja & Speedex India Limited IPO is the company’s offer of shares to the public. On PaisaTrade this is an educational page (Allotment). It is not a broker application and not a recommendation to bid.
What is the price band of Maharaja & Speedex India Limited IPO?+
The educational price band on this page is ₹177 – ₹186. The final offer price is decided after book building. Confirm on the RHP and your broker.
What is the minimum investment for Maharaja & Speedex India Limited IPO?+
The minimum shown here is ₹2,12,400 (lot size 600 shares). SME lots are larger and less liquid. This is not a bid ticket.
Can I apply for Maharaja & Speedex India Limited IPO on PaisaTrade?+
No. PaisaTrade is education-only. Apply through a SEBI-registered broker with UPI/ASBA if the issue is open. Past subscription or listing gains are not a forecast.
What is the GMP of Maharaja & Speedex India Limited IPO?+
The educational GMP snapshot on this page is +₹24 (+12.9% vs the upper band). That is an unofficial dealer quote, not a listing forecast. PaisaTrade does not trade grey market.