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Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Repayment and Prepayment of Bank Borrowings
Full or partial repayment and prepayment of specific credit facilities and bank loans availed by the company and its wholly-owned subsidiary.
Capital Expenditure for Plant Machinery
Funding capital expenditure for procuring new plant machinery and equipment at the Sonipat manufacturing unit of the subsidiary.
General Corporate Purposes
Fulfilling ongoing operational requirements, administrative expenses, and strategic business needs.
(₹ in Crore)
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Maharaja & Speedex India Limited, operating through its wholly-owned manufacturing subsidiary Dewdrop Bottles Private Limited, specializes in the design, development, and high-volume fabrication of premium stainless-steel drinkware. The company offers a wide product portfolio spanning over two hundred stock keeping units, including vacuum-insulated flasks, stainless-steel water bottles, double-wall tumblers, and specialized thermal containers. By combining automated production lines with strict quality assurance standards, the enterprise caters to both mass-market consumer demand and specialized lifestyle requirements. The company operates two integrated manufacturing facilities situated in Sonipat, Haryana, equipped with advanced pressing, welding, vacuum treatment, and surface coating machinery. Maharaja & Speedex employs a dual commercial strategy, marketing branded consumer goods under its proprietary Speedex brand while simultaneously functioning as an original equipment manufacturer for leading corporate clients and retail brands. This combined framework provides steady revenue visibility through long-term institutional relationships alongside higher-margin retail distribution across multiple consumer channels. To support its commercial footprint across India, the enterprise maintains an extensive distribution network comprising more than one hundred authorized distributors supplying traditional retail outlets, modern trade chains, and major online e-commerce platforms. Supported by an experienced management team, the company continues to expand its manufacturing capacity and enhance product innovation to capitalize on the growing domestic demand for durable, eco-friendly stainless-steel hydration products.
Maharaja & Speedex India Limited raised Rs 22.82 crore by allocating 12,27,000 equity shares to institutional anchor investors at Rs 186 per share, with participation from Abakkus, Founders Collective Fund, and Sageone.
Source: RHP • Analysis provided for informational purposes
Last Updated: 18 September 2026, 3:13 PM
Advanced Manufacturing Infrastructure
The company runs two automated production facilities in Sonipat, Haryana, via its subsidiary, enabling large-scale fabrication of stainless-steel drinkware across 223 stock keeping units.
Diverse Portfolio and Dual Channel Model
Maharaja & Speedex delivers a broad spectrum of hydration products across mass and premium tiers through branded retail sales and original equipment manufacturing.
Widespread Commercial Reach
The firm operates a nationwide sales setup involving 101 distributors across 17 states and 2 Union Territories, supplying brick-and-mortar retail and digital channels.
Operational Concentration Risk
Manufacturing activities are centralized at the Sonipat facilities of subsidiary Dewdrop Bottles Private Limited, exposing operations to regional disruptions or plant outages.
Input Material Price Fluctuations
Volatile market prices for key raw inputs, especially stainless-steel coils and alloys, could compress operating margins and reduce profitability.
Significant Working Capital and Debt Burden
The business maintains substantial bank borrowings and ongoing working capital requirements, which could restrict liquidity during cash flow fluctuations.
Maharaja & Speedex India Limited
Kh. No. 53/27 GT Karnal Road, Near Alipur Police Station, Alipur, New Delhi - 110036, India
View on Maps →Maashitla Securities Private Limited
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