Maharaja & Speedex IPO

Incorporated in February 2006, Maharaja & Speedex India Limited is a drinkware manufacturing and distribution company engaged in the manufacturing, branding, marketing and distribution of stainless-steel bottles and allied drinkware products. The Company offers a diversified portfolio of drinkware products classified into Standard Products and Novelty Products. Standard Products primarily comprise stainless-steel bottles, while Novelty Products include tumblers, feeding bottles and gym shakers. Its products are offered across mass, premium and lifestyle price segments, catering to a broad range of retail consumers and institutional customers. In addition to branded products, the Company undertakes OEM and private-label manufacturing, providing customized drinkware solutions for corporate gifting programmes, institutional buyers and brand partners. The Company operates an integrated, asset-backed business model supported by in-house manufacturing capabilities primarily through its wholly owned subsidiary, Dewdrop Bottles Private Limited, which operates two manufacturing facilities in Sonipat, Haryana, with an installed production capacity of approximately 45.24 lakh units per annum across 223 SKUs. The Company has developed a Pan-India distribution network comprising 101 distributors across 17 states and 2 Union Territories. In 2026, the Company acquired Gulika Apparel Private Limited, subsequently rebranded as Speedex Online Private Limited, to strengthen its online sales operations and digital distribution. As of March 31, 2026, the Company and its wholly owned subsidiary had 431 full-time employees.