Maharaja & Speedex India Limited
Maharaja & Speedex India Limited is an SME IPO raising ₹80 Cr at ₹177 – ₹186 a share. The smallest application you can make is 600 shares, costing ₹1,11,600 at the top of the band. Bidding closes on 15 Sept 2026 and the shares list on 18 Sept 2026. So far it has been subscribed 0.52× in total.
Only 52% of shares on offer have been bid for
populated partly populated we hold nothing here — the tab says why
What happens when
Next: bidding closes on 15 Sept 2026.
The numbers at a glance
The price they’re asking →Stated figures are as printed in the prospectus; margins, growth and the borrowing ratio are computed from its own summary table. A multiple is one lens, not a verdict.
The last few years in numbers
From the prospectus’s own summary financial table (Restated Consolidated). Margins and growth are computed from the stated figures; everything else is as printed.
| Period | Revenue | Profit after tax | PAT margin | Net worth | Borrowings |
|---|---|---|---|---|---|
| FY2026 | ₹123 Cr+31% | ₹15 Cr+176% | 12.5% | ₹29 Cr | ₹27 Cr |
| FY2025 | ₹94 Cr+52% | ₹6 Cr+416% | 6.0% | ₹14 Cr | ₹18 Cr |
| FY2024 | ₹61 Cr | ₹1 Cr | 1.8% | ₹5 Cr | ₹16 Cr |
Where the money goes
The offer →Most of this issue is new shares — the money raised goes to the company, not to exiting shareholders.
How the book stands today
The category split is the number worth reading, not the total.
Non-institutional: 0.86× their allocation. QIB: 0.10×.
What could go wrong
All 14risks & documents →From the register read out of the issuer’s own prospectus — each item is quoted verbatim with its page on the risks tab.
What we hold for this issue
Stated up front on every issue, so a sparse page reads as a fact about the source rather than a broken one.
How this cohort has done
131 SME issues listed in 2026 that we can price today. This is the group it is about to join.
Neither figure is a forecast for this issue — they describe what happened to comparable issues. Full cohort analytics →
What to watch
- The register's top risk: Recent bonus issue at face value just before IPO (prospectus page 53).
- Its cohort's record: median +8.4% since issue price, 46.6% now below it — a base rate, not a forecast.
Each line restates a disclosure from the prospectus or the exchanges — nothing here is a recommendation to apply to this issue.
Track this company once it lists
Results, orders, board decisions and every other filing — summarised and sent to your WhatsApp the minute they are out.
Figures are as published by the exchanges and the issuer’s prospectus. MarketPing publishes facts, comparisons and history only — nothing here is a recommendation to apply to this issue, and we do not publish grey market premium.