4 days leftSMESPEEDEX

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.

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₹177 – ₹186

Price band

₹1,11,600

Minimum to apply (600 shares)

₹80 Cr

Issue size

15 Sept 2026

Bidding closes

0.52×Subscribed · all exchanges

Only 52% of shares on offer have been bid for

populated partly populated we hold nothing here — the tab says why

Who bid for it

Investor category	Shares offered	Shares bid for	Subscribed
QIB Banks, funds and other large institutions	8,18,400	81,000	0.10×
Others	no separate quota	81,000	n/a
Foreign Institutional Investors	no separate quota	—	n/a
Domestic Financial Institutions	no separate quota	—	n/a
Mutual Funds	no separate quota	—	n/a
Non-institutional Wealthy individuals and companies bidding above ₹2 lakh	8,29,800	7,09,800	0.86×
Corporates	no separate quota	6,600	n/a
Individuals	no separate quota	7,03,200	n/a
Others	no separate quota	—	n/a
Retail Ordinary investors bidding up to ₹2 lakh	14,32,800	7,98,000	0.56×
Cut Off	no separate quota	—	n/a
Price Bids	no separate quota	7,98,000	n/a
Employee Reserved	no separate quota	0	n/a
Employee	no separate quota	—	n/a
Employee	no separate quota	—	n/a
Reservation PortionShareholder	no separate quota	0	n/a
RPS	no separate quota	—	n/a
RPS	no separate quota	—	n/a
Total	30,81,000	15,88,800	0.52×

Sub-categories read no separate quota rather than a dash: the exchange publishes bids at that level but never a reservation against them, so a subscription multiple does not exist — it is not missing data. Bids across both exchanges (NSE and BSE) — the figure usually quoted publicly. Last updated 11 Sept, 05:15 pm IST.

How demand built

Our own series — the exchanges publish a running total and never a history.15 readings held.

10 Sept, 11:15 am0.00×

10 Sept, 12:15 pm0.22×

10 Sept, 01:15 pm0.25×

10 Sept, 02:15 pm0.28×

10 Sept, 03:15 pm0.29×

10 Sept, 04:15 pm0.32×

10 Sept, 05:15 pm0.34×

11 Sept, 10:15 am0.35×

11 Sept, 11:15 am0.41×

11 Sept, 12:15 pm0.45×

11 Sept, 01:15 pm0.48×

11 Sept, 02:15 pm0.53×

11 Sept, 03:15 pm0.54×

11 Sept, 04:15 pm0.56×

11 Sept, 05:15 pm0.65×

Institutions typically enter the book on the final day, which is why a day-one subscription figure tells you very little.