Maharaja & Speedex India Ltd IPO

About Maharaja & Speedex India Ltd

Our Company was originally incorporated and registered as a private limited company under the name Maharaja Cookers Private Limited under the provisions of the Companies Act, 1956 vide certificate of incorporation dated February 15, 2006 issued by the Registrar of Companies, N.C.T of Delhi & Haryana. Subsequently, our Company changed its name to add its brand name with the company name for better and smooth business flow, pursuant to a resolution passed by our Board of Directors at their meeting held on December 11, 2023 and a special resolution passed by our Shareholders at the EGM held on December 12, 2023, the name of our Company was changed to Maharaja & Speedex India Private Limited, pursuant to a certificate of incorporation dated February 01, 2024, issued by the Registrar of Companies, Central Processing Centre. Thereafter, our Company converted from a private limited company to a public limited company, pursuant to a resolution passed by our Board of Directors at their meeting held on December 02, 2025 and by our Shareholders at the EGM held on December 24, 2025, following which the name of our Company was changed to Maharaja & Speedex India Limited and a fresh certificate of incorporation consequent upon change of name was issued by the Registrar of Companies, Central Processing Centre on January 15, 2026.

The Indian kitchenware industry is expected to maintain steady growth from FY 2025 to FY 2030E, supported by favourable market fundamentals and sustained demand. The market size stands at INR 571.0 billion in FY 2025 and is projected to grow to INR 616.0 billion in FY 2026E, INR 664.0 billion in FY 2027E, and further to INR 832.0 billion by FY 2030E, reflecting a CAGR of 7.8%. This growth is driven by rising urbanization, increasing disposable incomes, expansion of organized retail and e-commerce, and growing adoption of modular kitchens. Premiumization and consumer preference for high-quality materials such as stainless steel, glass, and specialty cookware are expected to support higher realizations. The Indian stainless steel kitchenware segment is projected to grow steadily, with market size increasing from INR 227.0 billion in FY 2025 to INR 246.0 billion in FY 2026E and INR 266.0 billion in FY 2027E, supported by increasing preference for durable and long-lasting products, along with replacement demand across urban and semi-urban households.

Maharaja & Speedex India Limited (the Company) is a drinkware manufacturing and distribution company focused on stainless-steel bottles and allied drinkware products, catering to both retail consumers and institutional customers across India. The Company is engaged in the manufacturing, branding, marketing and distribution of stainless-steel bottles and value-added drinkware products, with a diversified portfolio designed to address evolving consumer preferences for durable, hygienic and reusable drinkware solutions.

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