Maharaja & Speedex India Limited IPO — Subscription & GMP

upcomingSMEBSENSE: SPEEDEXBSE: SPEEDEXBSE code: 4813
Grey market premium
—
Est. listing gain
—
Subscribed
—
bidding not open yet
Min. investment
₹1,11,600
600 shares × ₹186
Price band
₹177 – ₹186
Lot size
600
Issue size
₹80.13 Cr
Bidding
10 Sept 2026 → 15 Sept 2026
Allotment
—
Listing
—

Schedule

  1. 10 Sept 2026IPO open date
  2. 15 Sept 2026IPO close date
  3. 16 Sept 2026Allotment date†
  4. 16 Sept 2026Funds unblock or debit†
  5. 18 Sept 2026Tentative listing date†

† Derived from the close date using the T+3 working-day timeline. The exchanges publish the open and close dates; the rest are indicative until confirmed, and exchange holidays are not accounted for.

Fundamentals

The business, its valuation and returns

Maharaja & Speedex India Limited - Business Model Summary

Maharaja & Speedex India Limited operates as an integrated manufacturer, brand owner, and distributor specializing in stainless-steel drinkware, kitchenware, and lifestyle utility products.

Core Segments & Product Portfolio

1. Product Lines: - Drinkware: Manufactures single-wall fridge bottles, double-wall vacuum-insulated flasks, tumblers, and sippers. - Kitchen & Lifestyle Utility: Produces allied consumer items including stainless steel lunch boxes, insulated containers, baby feeding bottles, and pressure cookers.

2. Manufacturing & Asset-Backed Operations: - Operates in-house and subsidiary-backed manufacturing facilities equipped with large-scale production capacities to handle high-volume metal forming and finishing.

Channels & Revenue Streams

  • Hybrid Channel Model: Combines proprietary consumer brands (such as Speedex and Dewdrop) with OEM and private-label manufacturing partnerships for external institutional clients.
  • Distribution Network: Generates revenue through a extensive B2B and B2C framework, moving products via a pan-India distributor network spanning multiple states alongside expanding e-commerce and retail touchpoints.
We do not yet hold parsed fundamentals for this issue. Ratios are published in the RHP and the basis-of-issue-price advertisement.
GMP is unofficial. Grey Market Premium is quoted by private dealers outside the exchange mechanism and is not recognised or regulated by SEBI. Figures vary by source, can change within minutes, and frequently diverge from actual listing prices. UpcomingIPO publishes GMP as market information only — this is not investment advice and not a recommendation to apply for any issue.

Grey market premium

Unofficial · not from any exchange
No grey market premium is being quoted for this issue. Unlike subscription, GMP has no official source — when dealers are not quoting it, there is nothing to report.

Subscription status

Live from exchange · fetched 2 min ago
Overall subscribed
—
not yet published
No bids recorded yet. The exchanges publish subscription figures only once bidding opens.

Source: NSE issue information · BSE public issue

Allotment status

Allotment status is not out yet. The registrar is Maashitla Securities Private Limited.

Issue details

Price band
₹177 – ₹186
Lot size
600 shares
Min. bid quantity
1200
Face value
₹10.00
Tick size
₹1.00
Shares offered
43.08 L
Issue size
₹80.13 Cr
Max bid · QIB
40.92 L
Max bid · NII
20.47 L

Timeline & process

Bidding opens
10 Sept 2026
Bidding closes
15 Sept 2026
Allotment
—
Listing
—

Intermediaries

Registrar
Maashitla Securities Private Limited
Sponsor bank
AXIS BANK
Lead managers
Choice Capital Advisors Private Limited

Documents

Price band notice
PDF
Prospectus
View