Maharaja & Speedex India Share Price: Stock Lists at ₹250.00 With a 34.41% Premium on BSE

On September 18, 2026, Maharaja & Speedex India Limited shares made their market debut. The stock listed at ₹250.00 on BSE, reflecting a 34.41% premium over the IPO issue price of ₹186.00 per share. 

Maharaja & Speedex India Limited IPO Overview 

The Maharaja & Speedex India Limited IPO is a book-built issue totaling ₹80.13 crore. The offering consists of a fresh issue of 34,46,000 shares aggregating to ₹64.10 crore and an offer for sale of 8,61,600 shares aggregating to ₹16.03 crore.  

The bidding window opened on September 10, 2026, and closed on September 15, 2026. The final issue price is fixed at ₹186 per share with a minimum lot size of 600 shares, requiring a retail investment of ₹1,11,600.  

The shares are scheduled for listing on the BSE SME platform on September 18, 2026. Choice Capital Advisors Private Limited is the book-running lead manager for the issue. 

Maharaja & Speedex IPO subscribed 32.41 times. 

Business Overview of Maharaja & Speedex India Limited 

Incorporated in February 2006, Maharaja & Speedex India Limited is a drinkware manufacturing and distribution company. It specializes in products like stainless-steel bottles, tumblers, feeding bottles, and gym shakers across mass, premium, and lifestyle segments.  

Operations are supported by its wholly-owned subsidiary, Dewdrop Bottles Private Limited, which operates two manufacturing facilities in Sonipat, Haryana. The company features a pan-India distribution network comprising 101 distributors across 17 states and 2 union territories. As of March 31, 2026, the company and its subsidiary employed 431 full-time personnel to manage its integrated production, OEM, and private-label operations. 

Financial Overview of Maharaja & Speedex India Limited 

The restated consolidated financial data showcases growth across recent fiscal periods. For the financial year ended March 31, 2026, total income reached ₹122.74 crore, increasing from ₹93.60 crore in 2025 and ₹61.41 crore in 2024. Profit after tax for 2026 stood at ₹15.34 crore, reflecting a rise from ₹5.57 crore in 2025 and ₹1.08 crore in 2024. The consolidated assets grew to ₹81.98 crore in 2026. Net worth was recorded at ₹26.74 crore, while total borrowings stood at ₹26.66 crore, and reserves and surplus reached ₹15.96 crore for the period ending March 31, 2026. 

Objective of Maharaja & Speedex India Limited IPO 

The company intends to utilize the estimated net proceeds of ₹45.52 crore from the fresh issue to fulfill specific business requirements. A major allocation of ₹24.10 crore is designated for the repayment or pre-payment, in full or part, of certain borrowings availed by the company and its subsidiary from banks. Additionally, ₹21.42 crore will be utilized for funding capital expenditure towards the purchase of plant and machineries at the existing manufacturing facility of its wholly-owned subsidiary. The remaining balance from the fresh issue proceeds will be deployed toward general corporate purposes. 

Read More: Manipal Payment and Identity Solutions Share Price: Stock Lists at ₹330 With a 2.65% Discount on NSE! 

Maharaja & Speedex India Share Price Performance 

As of September 18, 2026, at 10:05 AM, Maharaja & Speedex India share price surged further to hit its upper circuit of ₹262.50, up by 5.00% from its opening price and 41.13% from its original IPO issue price.  

Conclusion 

Maharaja & Speedex India equity shares opened with a premium of 34.41% at ₹250.00 and quickly locked into the 5% upper circuit at ₹262.50, outperforming the company's IPO issue price of ₹186.00 per share. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Readers should conduct their own research and form an independent opinion before making any financial decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.