· SME · NSE
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: ₹216 — arithmetic, not a forecast
Subscription data will appear once bidding opens.
Maharaja & Speedex India IPO is an SME issue currently open for public subscription until 15 September 2026, listing on NSE. 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.
The latest unlisted Grey Market Premium (GMP) for Maharaja & Speedex India IPO is quoted at ₹30, representing a premium of approximately over the upper price band of ₹186. On a simple cap price plus GMP basis, the estimated opening price indicates a listing near , and informal quotes have risen over recent sessions. Please note that GMP is an unregulated sentiment indicator quoted by off-market dealers; it fluctuates based on supply-demand dynamics and does not constitute a guaranteed listing price. For historical accuracy studies, read , or compare with .
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.
| 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.