Maharaja & Speedex India Limited a manufacturer and distributor of stainless-steel bottles and allied drinkware products, proposes to open its Initial Public Offering on Thursday, September 10, 2026, aiming to raise ₹ 80.13 Crores with shares to be listed on the BSE SME platform.
- Issue Opens: September 10, 2026
- Issue Closes: September 15, 2026
- Face Value: Rs 10
- Price Band: Rs 117 – 186 per share
- Minimum Bid Lot: 600 Equity Shares
- Listing: BSE SME
The offer size is 43,08,000 equity shares of face value of ₹ 10 each with a price band of ₹177 – ₹186 Per Share. The net proceeds from the fresh issue will be utilized for repayment and/or pre-payment, in full or part, of certain borrowings availed by Company and its subsidiary from banks, funding of capital expenditure towards purchase of plant and machinery at the existing manufacturing facility of its wholly-owned subsidiary and general corporate purposes. The anchor bidding is on Wednesday, September 9, 2026. The offer will open on Thursday, September 10, 2026 and will close on Tuesday, September 15, 2026.
Maharaja & Speedex India Limited is a drinkware manufacturing and distribution company focused on stainless-steel bottles and allied drinkware products. Its portfolio includes Standard Products and Novelty Products, marketed under its own brands, Speedex and Dewdrop, as well as through OEM and private-label arrangements.
Manufacturing is carried out through its wholly owned subsidiary, Dewdrop Bottles Private Limited, which operates two units in Sonipat, Haryana. The Company’s products are distributed through a Pan-India network of 101 distributors across 17 states and 2 Union Territories, along with modern trade and online channels. In FY26, the Company achieved revenue of ₹ 12,265.38 lakhs, EBITDA of ₹ 2,252.33 lakhs & PAT of ₹ 1,534.19 lakhs.
