Maharaja & Speedex India IPO Subscription Status Day 2 : Issue Subscribed 0.29 Times

Mumbai, September 11: The Maharaja & Speedex India IPO flatlined on the second day of the issue, with the overall subscription remaining the same. The ₹80.13 crore IPO comprises a fresh issue of 34.46 lakh shares aggregating to ₹64.10 crore and an offer for sale of 8.62 lakh shares worth ₹16.03 crore. The IPO opened for subscription on September 10 and will close on September 15, 2026. The price band has been fixed at ₹177 to ₹186 per share.

Maharaja & Speedex India IPO Day 2 Subscription Status

The Maharaja & Speedex India IPO flatlined on the second day of the issue, with the overall subscription remaining the same. The ₹80.13 crore IPO comprises a fresh issue of 34.46 lakh shares aggregating to ₹64.10 crore and an offer for sale of 8.62 lakh shares worth ₹16.03 crore.

The IPO opened for subscription on September 10 and will close on September 15, 2026. The price band has been fixed at ₹177 to ₹186 per share. Maharaja & Speedex India IPO Day 2 Subscription Status The Maharaja & Speedex India IPO was subscribed 0.29 times overall by 11:23:52 AM on September 11, 2026, which is the same as yesterday.

Category-wise Maharaja & Speedex India IPO Subscription Status

The NII category received bids for 3,42,000 shares against 6,13,800 shares offered, taking the subscription to 0.56 times. Within the category, applications above ₹10 lakh were subscribed 0.66 times, while applications below ₹10 lakh recorded a subscription of 0.35 times.

The Retail category received bids for 4,86,000 shares against 14,32,800 shares offered, resulting in a subscription of 0.34 times.

Maharaja & Speedex Day-Wise Subscription Summary

The IPO recorded an overall subscription of 0.29 times on Day 1. By 11:23:52 AM on September 11, the overall figure remained at 0.29 times, while the NII and Retail subscription levels stood at 0.56 times and 0.34 times, respectively.

Maharaja & Speedex India IPO Timeline

Brief Overview Of The IPO

Maharaja & Speedex India is raising ₹80.13 crore through the IPO. The issue comprises a fresh issue of 34.46 lakh shares aggregating to ₹64.10 crore and an offer for sale of 8.62 lakh shares aggregating to ₹16.03 crore.

The price band has been fixed at ₹177 to ₹186 per share, with a face value of ₹10 per share. The lot size is 600 shares. Retail investors need to apply for a minimum of two lots, or 1,200 shares, which requires an investment of ₹2,23,200 at the upper end of the price band. For HNI investors, the minimum application is three lots, or 1,800 shares, amounting to ₹3,34,800.

The IPO opened on September 10, 2026, and will close on September 15, 2026. The shares are proposed to be listed on the BSE SME platform on September 18, 2026. Choice Capital Advisors Pvt. Ltd. is the book running lead manager, while Maashitla Securities Pvt. Ltd. is the registrar.

Source:

• https://www.bseindia.com/markets/publicIssues/DisplayIPO?id=4813&type=IPO&idtype=1&status=L&IPONo=7962&startdt=10%2F09%2F2026