Maharaja and Speedex India Limited, operating under the name Speedex, has officially submitted its Draft Red Herring Prospectus (DRHP) to the BSE SME platform as part of an Initial Public Offering (IPO). This move includes a fresh issuance of 4,000,000 equity shares alongside an offer for sale of 1,000,000 equity shares from the Selling Shareholders, collectively amounting to over ₹45 crore.
The legal advisory for this significant transaction was provided by Legacy Law Offices. The firm represented Speedex, the Selling Shareholders Akash Aggarwal and Rakesh Kumar Aggarwal, as well as the Book Running Lead Manager, Choice India Capital Advisors Ltd.
The team from Legacy Law Offices was led by Partner Pradyun Chakravarty and Counsel Naman Anand, with further assistance from Principal Associate Priya Kataria. Associates Yukti Goel, Samiksha Gawali, and Sarthak Sharma also played crucial roles in the process.
Speedex specializes in the manufacturing, branding, marketing, and distribution of stainless steel bottles and other value-added drinkware products. The company’s diverse product range is designed to meet the growing consumer demand for durable, hygienic, and reusable drinkware solutions.
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