Maharaja & Speedex India
· SME · BSE
Price Band
₹177–186
Lot Size
600 shares
Issue Size
₹80 Cr
Min. Investment
₹2,23,200
Grey Market Premium
Last unofficial quote before listing
Cap price plus current GMP: ₹214 — arithmetic, not a forecast
Subscription Status
Category-wise subscription figures aren't available for this issue.
Maharaja & Speedex IndiaIPO: Overview & Key Facts
Maharaja & Speedex India IPO is an SME issue that listed on BSE on 18 September 2026. The price band is ₹177–₹186 per equity share, with a market lot of 600 shares. The total issue size is ₹80 Cr. At the upper price band, the minimum application for an individual investor is 2 lots (1,200 shares), amounting to ₹2,23,200 — SME issues require individual investors to bid for at least two lots.
Maharaja & Speedex India IPO GMP & Listing
The last grey market premium (GMP) reported for Maharaja & Speedex India IPO before listing was ₹28, about 15.05% over the upper price band of ₹186, and informal quotes had risen over the sessions we recorded. The shares opened at ₹250 on listing day, 34.4% above the issue price of ₹186. GMP is an unofficial, unregulated indicator quoted by off-market dealers; it moves with supply and demand and is not a guaranteed listing price. For how often it has been right, read our research on IPO GMP accuracy.
Maharaja & Speedex India IPO Allotment & Listing
The registrar for this issue is Maashitla Securities Pvt. Ltd.; the basis of allotment was finalised on 16 September 2026 and the shares listed on 18 September 2026. You can check your allotment status on our IPO Allotment Checker using your PAN or application number.
Listing Performance
Issue Price
₹186
Listed At
₹250
Current Price
₹250.65
Issue Objectives
- Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Company and its subsidiary from banks.
- Funding of capital expenditure towards purchase of plant and machineries at the existing manufacturing facility of the wholly-owned subsidiary
- General Corporate Purposes
- Issue Expense
Reservation
| 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% |
- QIB50.0%
- − Anchor Investor0.0%
- − QIB (Ex. Anchor)0.0%
- NII (HNI)15.0%
- − bNII > ₹10L0.0%
- − sNII < ₹10L0.0%
- Retail35.0%
- Market Maker0.0%
Market Lot Size
| 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 |
Financials (₹ Cr)
Valuations
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
Market Cap
₹239.92 Cr.
Contact Details
Maharaja & Speedex India Ltd. Address
- 1100369650589457
- cs@speedexind.com
- https://speedexind.com/
Registrar Contact Details
Maashitla Securities Pvt. Ltd.
- https://maashitla.com
Frequently Asked Questions
Key Dates
- Open Date
- 10 Sept 2026
- Close Date
- 15 Sept 2026
- Basis of Allotment
- 16 Sept 2026
- Listing Date
- 18 Sept 2026
Issue Details
- Registrar
- Maashitla Securities
- Exchange
- BSE