Maharaja & Speedex India IPO Subscription Status Day 3: Issue Subscribed 32.41 Times

Authored By HDFC SKY | Last Modified: Sep 15, 2026 06:41 PM IST

Maharaja & Speedex India IPO Day 3 subscription status: The ₹80.13 crore IPO was subscribed 32.41 times by 5:08 PM on September 15, 2026, with QIB demand at 48.82 times, NII at 40.32 times and retail at 19.65 times.

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Mumbai, September 15: Maharaja & Speedex India IPO entered its final day of bidding on September 15, 2026. The ₹80.13 crore book-built issue opened on September 10 and will close on September 15. 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 worth ₹16.03 crore.

The IPO has a price band of ₹177 to ₹186 per share. The lot size is 600 shares, while individual investors need to apply for at least 1,200 shares. At the upper end of the price band, the minimum retail investment is ₹2,23,200. For HNI investors, the minimum application is 1,800 shares, requiring ₹3,34,800.

Maharaja & Speedex India IPO Day 3 Subscription Status

As of 5:08 PM on September 15, the Maharaja & Speedex India IPO was subscribed 32.41 times overall. The QIB category was subscribed 48.82 times, while the NII category was subscribed 40.32 times. Individual investors subscribed 19.65 times the shares reserved for them.

Category	Subscription (x)
QIB (Ex Anchor)	48.82x
NII	40.32x
Individual Investors	19.65x
Total	32.41x

The reported subscription data showed 30,240 applications, with 9,28,56,600 shares bid against 28,65,000 shares offered, excluding the anchor and market maker portions.

Category-wise Maharaja & Speedex India IPO Subscription Status

Category	Shares Offered	Shares Bid For	Subscription (x)	Total Amount (₹ Cr)
Anchor	12,27,000	12,27,000	1.00x	22.822
Market Maker	2,16,000	2,16,000	1.00x	4.018
QIB (Ex Anchor)	8,18,400	3,99,58,200	48.82x	743.223
NII	6,13,800	2,47,48,800	40.32x	460.328
bNII (> ₹10L)	4,08,600	1,82,25,000	44.60x	338.985
sNII (< ₹10L)	2,05,200	65,23,800	31.79x	121.343
Individual Investors	14,32,800	2,81,49,600	19.65x	523.583
Total	28,65,000	9,28,56,600	32.41x	1,727.133

Maharaja & Speedex India Day-Wise Subscription Summary

The issue was subscribed 0.29 times on Day 1 and 0.48 times on Day 2. Subscription accelerated sharply on the final day, taking the overall figure to 32.41 times by the reported timestamp.

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
September 15 (Day 3)	48.82x	40.32x	44.60x	31.79x	19.65x	32.41x

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 an ₹80.13 crore book-built issue comprising a fresh issue of 34.46 lakh shares and an offer for sale of 8.62 lakh shares. The total issue comprises 43.08 lakh shares. After excluding 2.16 lakh shares reserved for the market maker, the net offer to the public is 40.92 lakh shares.

IPO Detail	Information
Issue Size	₹80.13 crore
Issue Type	Book-building IPO
Price Band	₹177 to ₹186 per share
Total Issue Size	43.08 lakh shares
Fresh Issue	34.46 lakh shares
Offer for Sale	8.62 lakh shares
Market Maker Reservation	2.16 lakh shares
Net Offer to Public	40.92 lakh shares
Issue Open Date	September 10, 2026
Issue Close Date	September 15, 2026
Lot Size	600 shares
Minimum Retail Application	1,200 shares
Minimum Retail Investment	₹2,23,200
Minimum HNI Application	1,800 shares
Minimum HNI Investment	₹3,34,800
Listing Exchange	BSE SME
Basis of Allotment	September 16, 2026
Refund Date	September 17, 2026
Share Credit Date	September 17, 2026
Listing Date	September 18, 2026
Lead Manager	Choice Capital Advisors Pvt. Ltd.
Registrar	Maashitla Securities Pvt. Ltd.
Market Maker	Choice Equity Broking Pvt. Ltd.

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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