What is the GMP of Maharaja & Speedex India IPO today?

The Grey Market Premium (GMP) for Maharaja & Speedex India IPO is currently ₹28. With an upper price band of ₹186, the estimated listing price is ₹214 per share, reflecting an expected listing gain of ~15.05%. Grey market premiums can fluctuate based on market sentiment and subscription demand.

What is the price band and lot size for Maharaja & Speedex India IPO?

The price band for Maharaja & Speedex India IPO is ₹177 to ₹186 per equity share. The minimum lot size is 600 shares, which requires a minimum retail application investment of ₹1,11,600.

What are the important dates for Maharaja & Speedex India IPO?

Maharaja & Speedex India IPO opens for subscription on 2026-09-10T00:00:00 and closes on 2026-09-15T00:00:00. The basis of allotment is scheduled for 2026-09-16T00:00:00, and shares are expected to list on 2026-09-18T00:00:00 on BSE, NSE.

How can I check the allotment status for Maharaja & Speedex India IPO?

You can check Maharaja & Speedex India IPO allotment status on the registrar's official portal (Maashitla Securities Pvt Ltd) or through the official BSE and NSE IPO allotment status pages using your PAN number or Application number.

How to apply for Maharaja & Speedex India IPO?

Investors can apply for Maharaja & Speedex India IPO online through ASBA (Application Supported by Blocked Amount) via their internet banking account, or via UPI using authorized stockbroking platforms like Zerodha, Groww, Angel One, and Upstox.

When does the Maharaja & Speedex India IPO open and close?

The IPO opens on 10 Sept 2026, and closes on 15 Sept 2026.

What is Maharaja & Speedex India IPO price band?

The issue price band is ₹177.00 to ₹186.00 per equity share.

What is the Maharaja & Speedex India IPO lot size?

The minimum lot size is 600 shares per application.

What is the Maharaja & Speedex India IPO allotment date?

The allotment is scheduled on 16 Sept 2026.

Maharaja & Speedex India IPO Details - Dates, Price Band, Issue Size

All IPOs

Issue Size

80.00 Cr

Price Band

₹177.00 - ₹186.00

Lot Size

600 Shares

Min Investment

₹2,23,200

GMP

₹28

Subscription

32.41x

₹1,727.12 Cr

10 Sept 2026

IPO Opens

COMPLETED

15 Sept 2026

IPO Closes

COMPLETED

16 Sept 2026

Basis of Allotment

COMPLETED

17 Sept 2026

Refunds

COMPLETED

17 Sept 2026

Demat Credit

COMPLETED

18 Sept 2026

Listing

COMPLETED

IPO Timeline

IPO OpensDONE

10 Sept 2026

IPO ClosesDONE

15 Sept 2026

Basis of AllotmentDONE

16 Sept 2026

RefundsDONE

17 Sept 2026

Demat CreditDONE

17 Sept 2026

ListingDONE

18 Sept 2026

About Maharaja & Speedex India IPO

Maharaja & Speedex India IPO open date is September 10, 2026 and the IPO will close on September 15, 2026. Maharaja & Speedex India IPO is a Book build Issue. The company to raise around ₹80.13 crores via IPO that comprises fresh issue of ₹64.10 crores and offer for sale up to 8,61,600 equity shares with face value of ₹10 each.

Maharaja & Speedex India IPO price band is ₹177 to ₹186 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. Maharaja & Speedex India IPO to list on BSE SME on September 18, 2026. The allotment of Maharaja & Speedex India IPO date is September 16, 2026.

The company reported revenue of ₹122.74 crores in 2026 against ₹93.60 crores in 2025. The company reported profit of ₹15.34 crores in 2026 against profit of ₹5.57 crores in 2025. As per the financials the IPO investors should apply the IPO for a long term.

IPO Details

Maharaja & Speedex India IPO Details and Specifications
IPO Date	10 Sept 2026 to 15 Sept 2026
Face Value	₹10 Per Share
Price Band	₹177.00 - ₹186.00
Lot Size	600 Shares
Total Issue Size	Approx 80.00 Cr 43,08,000 Equity Shares
Fresh Issue	Approx 60.00 Cr 32,30,383 Equity Shares
Offer for Sale	Approx 16.00 Cr 8,61,600 Equity Shares
Retail Portion	35.01%
Sale Type	Offer for sale
Issue Type	Bookbuilding IPO
Listing Date	18 Sept 2026
Listing At	BSE
Total Subscription Amount	₹1,727.12 Cr

Issue Reservation

Investor Category	Shares Offered	% Net Issue
QIB	20,45,400	49.99%
- Anchor	12,27,000	0.00%
- QIB (Ex. Anchor)	8,18,400	0.00%
NII	6,13,800	15.00%
- bNII > ₹10L	4,08,600	0.00%
- sNII < ₹10L	2,05,200	0.00%
Retail	14,32,800	35.01%
Market Maker	2,16,000	0.00%
Total	43,08,000	100.00%

IPO Lot Size

Application	Lots	Shares	Amount
Individual investors (Retail) (Min)	2	1,200	₹2,23,200
Individual investors (Retail) (Max)	2	1,200	₹2,23,200
S-HNI (Min)	3	1,800	₹3,34,800
S-HNI (Max)	8	4,800	₹8,92,800
B-HNI (Min)	9	5,400	₹10,04,400

About Company

Established in February 2006, Maharaja & Speedex India Limited manufactures, brands, markets, and distributes stainless-steel bottles and other drinkware products.

The company offers two main types of products:

Standard Products: Mainly stainless-steel bottles.
Novelty Products: Tumblers, feeding bottles, and gym shakers.

Its products are available in mass, premium, and lifestyle price ranges, serving both retail and institutional customers.

The company also provides OEM and private-label manufacturing, making customized drinkware for corporate gifting, institutions, and other brands.

Contact Details

Kh. No. 53/27 GT Karnal Road,

Village Alipur,

Near Alipur Police Station,

Alipur, New Delhi, 110036

9650589457

cs@speedexind.com

Visit Website

Registrar

Maashitla Securities Pvt Ltd

+91-11-45121795

investor.ipo@maashitla.com

Lead Managers

Choice Capital Advisors Pvt Ltd

Day-wise GMP Trend

Date & Time	GMP (₹)	Est. Listing Price	Est. Gain (%)	Est. Profit / Lot (₹)
18-Sep-2026 06:00 PM	+₹28	₹214	+15.05%	₹16,800
15-Sep-2026 06:00 PM	+₹45	₹231	+24.19%	₹27,000
12-Sep-2026 06:00 PM	+₹30	₹216	+16.13%	₹18,000
08-Sep-2026 06:00 PM	+₹25	₹211	+13.44%	₹15,000
07-Sep-2026 06:00 PM	+₹0	₹186	+0.00%	₹0

Subscription Status

Category	Subscription (x)	Shares Offered	Shares bid for	Total Amount (₹ Cr)
QIB (Ex. Anchor)	48.82x	8,18,400	3,99,54,288	₹743.15 Cr
NII	40.32x	6,13,800	2,47,46,868	₹460.29 Cr
bNII > ₹10L	44.60x	4,08,600	1,82,23,560	₹338.96 Cr
sNII < ₹10L	31.79x	2,05,200	65,23,308	₹121.33 Cr
Retail	19.65x	14,32,800	2,81,54,520	₹523.67 Cr
Total	32.41x	28,65,000	9,28,55,676	₹1,727.12 Cr

Objects of the Issue

01 Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Company and its subsidiary from banks. : 24.10 Cr
02 Funding of capital expenditure towards purchase of plant and machineries at the existing manufacturing facility of the wholly-owned subsidiary : 21.42 Cr
03 General Corporate Purpose : 9.61 Cr
04 Issue Expense : 11.21 Cr

Company Financials

Period Ended	31 MAR 2026	31 MAR 2025	31 MAR 2024
Total Income	122.74	93.60	61.41
Profit After Tax	15.34	5.57	1.08
EBITDA	22.52	10.61	2.90
NET Worth	26.74	11.39	4.97
Reserves and Surplus	15.96	13.51	4.96
Total Borrowing	26.66	18.04	16.11

Amount in ₹ Crore

IPO Valuation - KPI

KPI	31 Mar 2026
ROCE	54.60%
Debt/Equity Ratio	0.92
Return on Net Worth (RoNW)	80.47%
PAT Margin	12.51%
EBITDA Margin	18.36%
Net Asset Value (NAV)	₹20.73

Peer Comparison

Company Name	EPS (₹)	P/E (x)	NAV (₹)	RoNW (%)	Income (₹ Cr)
Cello World Limited	14.70	25.69	101.62	14.35	2,323.71
Borosil Limited	6.24	38.23	74.12	9.30	1,195.92

Promoters and Holding Pattern

Rakesh Kumar Aggarwal, Kusum Aggarwal, Akash Aggarwal, Ankit Bansal, Atul Tulsian, Rohit Garg are the company's promoters of Maharaja & Speedex India.

Particular	Pre IPO	Post IPO
Promoter and Promoter Group	87.69%	63.93%
Others*	12.31%	36.07%

Frequently Asked Questions (FAQ)

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About Maharaja & Speedex India IPO

IPO Details

Maharaja & Speedex India IPO Details and Specifications
IPO Date	10 Sept 2026 to 15 Sept 2026
Face Value	₹10 Per Share
Price Band	₹177.00 - ₹186.00
Lot Size	600 Shares
Total Issue Size	Approx 80.00 Cr 43,08,000 Equity Shares
Fresh Issue	Approx 60.00 Cr 32,30,383 Equity Shares
Offer for Sale	Approx 16.00 Cr 8,61,600 Equity Shares
Retail Portion	35.01%
Sale Type	Offer for sale
Issue Type	Bookbuilding IPO
Listing Date	18 Sept 2026
Listing At	BSE
Total Subscription Amount	₹1,727.12 Cr

Investor Category

Shares Offered

% Net Issue

QIB

20,45,400

49.99%

- Anchor

12,27,000

0.00%

- QIB (Ex. Anchor)

8,18,400

0.00%

NII

6,13,800

15.00%

- bNII > ₹10L

4,08,600

0.00%

- sNII < ₹10L

2,05,200

0.00%

Retail

14,32,800

35.01%

Market Maker

2,16,000

0.00%

Total

43,08,000

100.00%

Application

Lots

Amount

Individual investors (Retail) (Min)

1,200

₹2,23,200

Individual investors (Retail) (Max)

1,200

₹2,23,200

S-HNI (Min)

1,800

₹3,34,800

S-HNI (Max)

4,800

₹8,92,800

B-HNI (Min)

5,400

₹10,04,400

About Company

Established in February 2006, Maharaja & Speedex India Limited manufactures, brands, markets, and distributes stainless-steel bottles and other drinkware products.

The company offers two main types of products:

Standard Products: Mainly stainless-steel bottles.
Novelty Products: Tumblers, feeding bottles, and gym shakers.

Its products are available in mass, premium, and lifestyle price ranges, serving both retail and institutional customers.

The company also provides OEM and private-label manufacturing, making customized drinkware for corporate gifting, institutions, and other brands.

Contact Details

Kh. No. 53/27 GT Karnal Road,

Village Alipur,

Near Alipur Police Station,

Alipur, New Delhi, 110036

9650589457

cs@speedexind.com

Visit Website

Date & Time

GMP (₹)

Est. Listing Price

Est. Gain (%)

Est. Profit / Lot (₹)

18-Sep-2026 06:00 PM

+₹28

₹214

+15.05%

₹16,800

15-Sep-2026 06:00 PM

+₹45

₹231

+24.19%

₹27,000

12-Sep-2026 06:00 PM

+₹30

₹216

+16.13%

₹18,000

08-Sep-2026 06:00 PM

+₹25

₹211

+13.44%

₹15,000

07-Sep-2026 06:00 PM

+₹0

₹186

+0.00%

₹0

Maharaja & Speedex India IPO Details

About Maharaja & Speedex India IPO

IPO Details

Issue Reservation

IPO Lot Size

About Company

Day-wise GMP Trend

Objects of the Issue

Company Financials

IPO Valuation - KPI

Peer Comparison

Promoters and Holding Pattern

Frequently Asked Questions (FAQ)

When does the Maharaja & Speedex India IPO open and close?

What is Maharaja & Speedex India IPO price band?

What is the Maharaja & Speedex India IPO lot size?

What is the Maharaja & Speedex India IPO allotment date?

What is the Maharaja & Speedex India IPO listing date?

What is the minimum investment required in Maharaja & Speedex India IPO?

Join the discussion

Maharaja & Speedex India IPO Details

About Maharaja & Speedex India IPO

IPO Details

Issue Reservation

IPO Lot Size

About Company

Day-wise GMP Trend

Objects of the Issue

Company Financials

IPO Valuation - KPI

Peer Comparison

Promoters and Holding Pattern

Frequently Asked Questions (FAQ)

When does the Maharaja & Speedex India IPO open and close?

What is Maharaja & Speedex India IPO price band?

What is the Maharaja & Speedex India IPO lot size?

What is the Maharaja & Speedex India IPO allotment date?

What is the Maharaja & Speedex India IPO listing date?

What is the minimum investment required in Maharaja & Speedex India IPO?

Join the discussion