· SME · BSE
Price Band
₹177–186
Lot Size
600 shares
Issue Size
₹80 Cr
Min. Investment
₹1,11,600
Indicative, updates through the day
Cap price plus current GMP: ₹186 — arithmetic, not a forecast
Subscription data will appear once bidding opens.
Maharaja & Speedex IPO is an SME issue currently open for public subscription until 15 September 2026, listing on BSE. The issue price band is fixed at ₹177–₹186 per equity share with a minimum market lot size of 600 shares, bringing the total issue size to ₹80 Cr. At the upper price band, the minimum retail application requires one lot amounting to ₹1,11,600.
No meaningful grey market premium is actively quoted for Maharaja & Speedex IPO at this stage. For an SME issue early in its subscription window, this is standard until anchor book allocations and institutional bids build volume. A missing premium is not negative sentiment; it reflects lower off-market liquidity. Read our complete guide to IPO GMP mechanics.
The minimum investment for retail investors is one lot of 600 shares (approx. ₹1,11,600 at the cut-off price). Applications must be submitted using ASBA via Net Banking or the UPI Mandate route through registered stockbrokers (Zerodha, Groww, Angel One, Upstox).
The official registrar appointed for this issue is Maashitla Securities Pvt. Ltd., with the basis of allotment scheduled for finalization on 16 September 2026 and listing expected on 18 September 2026. Once declared, you can check your allotment status on our IPO Allotment Checker using your PAN or Application Number. If you are not allotted shares, the ASBA block on your bank funds is automatically released by T+2 day.
Maharaja & Speedex IPO raises ₹22.82 crore from anchor investors. Maharaja & Speedex IPO Anchor bid date is September 9, 2026.📝 Anchor Investors Letter (PDF)
| Category | Shares Offered | % |
|---|---|---|
| QIB | 20,45,400 | 49.99% |
| − Anchor Investor | 12,27,000 | 0% |
| − QIB (Ex. Anchor) | 8,18,400 | 0% |
| NII (HNI) | 6,13,800 | 15% |
| − bNII > ₹10L | 4,08,600 | 0% |
| − sNII < ₹10L | 2,05,200 | 0% |
| Retail | 14,32,800 | 35.01% |
| Market Maker | 2,16,000 | 0% |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 1200 | ₹2,23,200 |
| Individual investors (IND) (Max) | 2 | 1200 | ₹2,23,200 |
| S-HNI (Min) | 3 | 1800 | ₹3,34,800 |
| S-HNI (Max) | 8 | 4800 | ₹8,92,800 |
| B-HNI (Min) | 9 | 5400 | ₹10,04,400 |
EPS (Pre IPO)
11.89
EPS (Post IPO)
9.39
ROE
80.47%
P/E (Pre IPO)
15.64
P/E (Post IPO)
19.81
Price / Book
8.97
Market Cap
₹240Cr.
| Company | P/E | ROE | Revenue |
|---|---|---|---|
| Clay Craft India Ltd. | 11.38 | ₹110.11 Cr | |
| Riddhi Display Equipments Ltd. | 14.91 | ₹24.68 Cr |
Maharaja & Speedex India Ltd. Address
Maashitla Securities Pvt. Ltd.