Maharaja & Speedex IPO
SMEMaharaja & Speedex is an SME player engaged in the manufacturing and trading of consumer goods and kitchenware products under its flagship brand names.
Verdict: Neutral
Est. GMP
+₹30 (+16%)
Price range
₹186
Lot size
—
Issue size
—
Allotment
16 Sept
Listing
18 Sept
Review
1. Grey market premium
★★★★★GMP indicates a modest ~16% premium, pointing to moderate listing day expectations.
2. Company financials
★★★★★Shows operational stability in the SME segment, but working capital intensity remains high.
3. Subscription status
★★★★★Issue is upcoming; public subscription data is not yet available.
4. Anchor investors
★★★★★No notable anchor book participation disclosed.
Company financials
Amount ₹ in Crores
| Period ended | Revenue | Expense | EBITDA | PAT | Assets |
|---|---|---|---|---|---|
| FY23 | — | — | — | — | — |
| FY24 | — | — | — | — | — |
| FY25 | — | — | — | — | — |
Subscription
Anchor investors
Anchor book details pending.
Anchor allocation is not applicable or not disclosed for this SME issue.
Risks
- ConcentrationHigh dependence on regional distributors and key product categories for sales.
- FinancialSME listing with working capital volatility and relatively low liquidity post-listing.
- ValuationPricing leaves limited margin of safety given intense competition in the segment.