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
Where your money goes
Only the fresh issue reaches the company. The offer for sale is existing shareholders selling their own stock — that money goes to them, not the business.
A red herring prospectus is filed before the price is fixed, so it states share counts rather than rupee amounts. derived: shares x cut-off price Rs186. Checked: exchange issue size Rs80 Cr vs derived Rs80.1 Cr (0.1% apart).
What the fresh money funds
The stated uses of the net proceeds, from the prospectus’s Objects of the Issue table. Only the fresh issue funds these — the offer-for-sale money goes to the selling shareholders above.
As stated in the prospectus. “General corporate purposes” is the part with no committed use; SEBI caps it at 25% of the issue.
Terms of the issue
The mechanics of what is being sold. Held for every issue we track.
Not here yet
The anchor-investor allocation — which institutions were allotted shares before bidding opened — is still to be read out of its document.