ListedSMESPEEDEX

Maharaja & Speedex India Limited

Maharaja & Speedex India Limited is an SME IPO raising ₹80 Cr at ₹177 – ₹186 a share. It listed on 18 Sept 2026 at ₹250, +34.4% against its issue price of ₹186, and trades at ₹236 today (+26.8% since issue). It was subscribed 30× in total.

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₹186

Issue price

₹236

Price now

+26.8%

Since issue price

18 Sept 2026

Listed on

30×Subscribed (final) · all exchanges

30.2 times more demand than shares on offer

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	3,99,58,200	49×
Others	no separate quota	3,07,59,000	n/a
Foreign Institutional Investors	no separate quota	77,44,200	n/a
Domestic Financial Institutions	no separate quota	3,600	n/a
Mutual Funds	no separate quota	14,51,400	n/a
Non-institutional Wealthy individuals and companies bidding above ₹2 lakh	8,29,800	2,49,64,800	30×
Corporates	no separate quota	7,18,800	n/a
Individuals	no separate quota	2,33,01,600	n/a
Others	no separate quota	9,44,400	n/a
Retail Ordinary investors bidding up to ₹2 lakh	14,32,800	2,81,49,600	20×
Cut Off	no separate quota	—	n/a
Price Bids	no separate quota	2,81,49,600	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	9,30,72,600	30×

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 15 Sept, 07:08 pm IST.

How demand built

Our own series — the exchanges publish a running total and never a history.23 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×

14 Sept, 10:15 am0.66×

15 Sept, 11:15 am3.16×

15 Sept, 12:15 pm5.73×

15 Sept, 01:15 pm8.29×

15 Sept, 02:15 pm14×

15 Sept, 02:33 pm17×

15 Sept, 03:33 pm31×

15 Sept, 04:33 pm38×

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