BY THE NUMBERS.
TICKET CLASSES.
HOW FULL THE BUS GOT.
WHAT THE CHATTER IMPLIES.
GMP +₹40 (+21.51%)
RECORDED 14 SEPT 2026, 21:30 IST
HOW THE ISSUE IS BUILT.
The two legs send the money to different places: a fresh issue raises new capital for the company, while an offer for sale is existing shares being sold by existing shareholders, whose proceeds go to those sellers and not to the company.
WHO GETS WHICH SEATS.
ON THE DASHBOARD.
THE RUNNING RECORD.
WHO ELSE RUNS THIS LINE.
Notes: P/E Ratio has been computed based on the closing market price of equity shares on NSE on August 14, 2026, divided by Diluted EPS. Return on Net Worth (%) = Net Profit after tax as restated for the end of the fiscal divided by Average Net worth as at the end of the fiscal. Average net worth means the average of the net worth of current and previous Fiscal. Net worth means the aggregate value of the paid-up share capital and Reserves and Surplus excluding capital reserves. Net Asset Value per share = Net Worth at the end of the fiscal divided by weighted/outstanding average no. of equity shares outstanding during the fiscal. The basic and diluted earnings per share for the Equity Shares of the Company has been presented to reflect the adjustments as per AS 20.
WHAT THE MONEY IS FOR.
The Company was incorporated on February 15, 2006, as "Maharaja Cookers Private Limited" under the Companies Act, 1956, and was initially engaged in trading activities. In 2017, the Company diversified into the trading of stainless-steel bottles, which emerged as a key revenue segment and contributed significantly to its turnover. In Fiscal 2021, Dewdrop Bottles Private Limited, an entity owned by the current Promoters and Directors at that time, commenced manufacturing of stainless-steel products from its facility in Sonipat, Haryana. To consolidate manufacturing operations, the Company acquired Dewdrop Bottles Private Limited as a wholly owned subsidiary pursuant to a Share Purchase Agreement dated January 27, 2025. Further, in Fiscal 2025, the Company acquired Gulika Apparel Private Limited as its wholly owned subsidiary pursuant to a Share Purchase Agreement dated February 4, 2026, which was subsequently rebranded as "Speedex Online Private Limited" to strengthen its online sales and digital distribution capabilities. Maharaja & Speedex India Limited is engaged in the manufacturing, branding, marketing and distribution of stainless-steel bottles and allied drinkware products, catering to both retail and institutional customers across India. The Company operates through a pan-India distribution network comprising 101 distributors across 17 states and 2 Union Territories.
ON THE ROSTER.
COMMON QUESTIONS.
What is the Maharaja & Speedex India IPO price band?+
The indicative price band is ₹177–186 per share. The binding terms are the ones in the Red Herring Prospectus (RHP).
What is the lot size of the Maharaja & Speedex India IPO?+
One lot is 600 shares. At the upper band of ₹186, one lot works out to ₹1,11,600.
When does the Maharaja & Speedex India IPO open and close?+
The issue opened on 10 Sept 2026 and closed on 15 Sept 2026. Dates can move — the registrar and the exchange notices are the record.
When is the Maharaja & Speedex India IPO allotment?+
Allotment is scheduled for 16 Sept 2026. The basis of allotment is published by the registrar to the issue. BuyUnlistedShares does not accept, process or track IPO applications.
When does Maharaja & Speedex India list?+
Listing is scheduled for 18 Sept 2026 on BSE SME.
Where will Maharaja & Speedex India be listed?+
Maharaja & Speedex India is proposed for listing on BSE SME. It is an SME issue, so it trades on the SME platform.
How large is the Maharaja & Speedex India IPO?+
The issue size is ₹80.13 Cr — a fresh issue of ₹60.09 cr and an offer for sale of ₹16.03 cr. Figures are indicative and subject to the RHP.
What is the difference between the fresh issue and the offer for sale in the Maharaja & Speedex India IPO?+
Money raised through the fresh issue goes to the company, which spends it on the purposes set out in the offer document. Money raised through the offer for sale goes to the shareholders who are selling, not to the company. That is a fact about how the issue is structured, not a view on it.
What is the grey market premium (GMP) for the Maharaja & Speedex India IPO?+
The last GMP we recorded is +₹40 (+21.51%), as at 14 SEPT 2026, 21:30 IST. GMP is unofficial grey-market chatter. It is not a quote from any exchange, it is not a price anyone is obliged to honour, it moves through the day and it often does not match the eventual listing price. We publish it as information only.
What listing price does the GMP imply for Maharaja & Speedex India?+
Adding the last recorded GMP to the upper band gives ₹226. That is a calculation, not a forecast or an investment recommendation, and it is built on an unofficial grey-market figure.
How was the Maharaja & Speedex India IPO subscribed?+
The issue was subscribed 0.48× overall. By category: qib 0.1×, nii 0.85×, small hni 0.8×, big hni 1.15×, retail 0.56×. Subscription figures are as reported by the exchanges.
Who is the registrar for the Maharaja & Speedex India IPO?+
The registrar to the issue is Maashitla Securities Pvt.Ltd. (011-45121795), investor.ipo@maashitla.com.
Where can I check the Maharaja & Speedex India IPO allotment status?+
Allotment status is published by the registrar on its own official portal: https://maashitla.com/allotment-status/public-issues. Use the registrar's site directly — BuyUnlistedShares does not ask for PAN, application numbers or any other applicant detail.
What is the P/E ratio of the Maharaja & Speedex India IPO?+
The P/E ratio on file for this issue is 15.64, and the post-issue P/E is 19.81, stated as of 31 Mar 2026. A reported ratio is not a view on value.