Maharaja & Speedex India IPO Subscription Status Day 2: Issue Subscribed 0.48 Times

Authored By HDFC SKY | Last Modified: Sep 11, 2026 06:51 PM IST

Maharaja & Speedex India IPO was subscribed 0.48 times by Day 2, with NII at 0.80x, retail at 0.56x and QIB at 0.10x as of September 11.

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Mumbai, September 11: Maharaja & Speedex India IPO continued to receive bids on the second day of the subscription period. The ₹80.13 crore book-built issue comprises a fresh issue of 34.46 lakh shares worth ₹64.10 crore and an offer for sale of 8.62 lakh shares worth ₹16.03 crore.

The IPO opened on September 10 2026 and will close on September 15 2026. The price band has been fixed at ₹177 to ₹186 per share, with a lot size of 600 shares.

Maharaja & Speedex India IPO Day 2 Subscription Status

Maharaja & Speedex India IPO was subscribed 0.48 times as of 5:08:29 PM on September 11 2026, the second day of bidding. The NII category was subscribed 0.80 times, while the retail portion stood at 0.56 times. The QIB category had received subscription of 0.10 times.

Category	Subscription
QIB (Ex Anchor)	0.10x
NII	0.80x
Retail / Individual Investors	0.56x
Total	0.48x

Category-wise Maharaja & Speedex India IPO Subscription Status

Category	Shares Offered	Shares Bid For	Subscription
QIB (Ex Anchor)	8,18,400	81,000	0.10x
NII	6,13,800	4,93,800	0.80x
Retail / Individual Investors	14,32,800	7,98,000	0.56x
Total	28,65,000	13,72,800	0.48x

The subscription data excludes the anchor investor and market maker portions. The figures for shares offered and total amount are calculated using the upper end of the price band.

Maharaja & Speedex India Day-Wise Subscription Summary

Date	QIB (Ex Anchor)	NII	NII (>₹10L)	NII (<₹10L)	Individual Investors	Total
September 10 (Day 1)	0.00x	0.85x	1.15x	0.27x	0.22x	0.29x
September 11 (Day 2)	0.10x	0.80x	0.81x	0.80x	0.56x	0.48x

On Day 1, the issue was subscribed 0.29 times. By Day 2, overall subscription had moved to 0.48 times, with the NII segment remaining the most subscribed among the three main investor categories.

Maharaja & Speedex India IPO Timeline

IPO Milestone	Date
Issue Open Date	September 10 2026
Issue Close Date	September 15 2026
Basis of Allotment Date	September 16 2026
Initiation of Refunds	September 17 2026
Credit of Shares	September 17 2026
Listing Date	September 18 2026

Brief Overview Of The IPO

Maharaja & Speedex India IPO is a ₹80.13 crore book-built issue comprising 43.08 lakh shares. The issue includes 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 is ₹177 to ₹186 per share. The lot size is 600 shares, while the minimum application for individual investors is 1,200 shares, requiring ₹2,23,200 at the upper price. The minimum HNI application is three lots, or 1,800 shares, amounting to ₹3,34,800.

The IPO is scheduled to close on September 15 2026. The basis of allotment is expected on September 16, refunds and credit of shares are scheduled for September 17, and the shares are expected to list on the BSE SME platform on September 18 2026.

Source:

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

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