Maharaja & Speedex India SME IPO Subscription
ListedUpdated 18 September 2026, 9:15 AM IST· BSE SME
Maharaja & Speedex India SME IPO subscription closed on 15 September 2026 at 32.49x overall by shares. QIB demand came in at 48.82x, NII at 40.67x, and retail at 19.65x. See Retail, SHNI, and BHNI allotment chances in…
Maharaja & Speedex India SME IPO subscription closed on 15 September 2026 at 32.49x overall by shares. QIB demand came in at 48.82x, NII at 40.67x, and retail at 19.65x. See Retail, SHNI, and BHNI allotment chances in the table below.
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Allotment date is 16 September 2026. Listing date on NSE and BSE is 18 September 2026.
Maharaja & Speedex India SME IPO Day-wise Subscription
Daily QIB, NII, Retail, and overall subscription as bids come in
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 10 Sept 2026 | 0.00x | 0.85x | 0.22x | 0.29x |
| Day 2 - 11 Sept 2026 | 0.10x | 0.80x | 0.56x | 0.48x |
| Day 3 - 15 Sept 2026 | 48.82x | 40.32x | 19.65x | 32.41x |
Maharaja & Speedex India SME IPO Allotment Chances
Retail, SHNI, and BHNI chances based on application subscription
Maharaja & Speedex India SME IPO allotment chances for Retail, SHNI, and BHNI. All three use lottery when the category is oversubscribed.
| Category | Subscription (Apps) | Allotment Chances |
|---|---|---|
| Retail (IND) | 19.65x | 1 in 20 |
| SHNI (Rs 2L to Rs 10L) | 30.24x | 1 in 30 |
| BHNI (above Rs 10L) | 13.88x | 1 in 14 |
Chances use application subscription (how many bids came in), not share or amount figures. If you get allotment, you get at least one lot. Higher subscription means lower chance per PAN.
Check the Maharaja & Speedex India SME IPO Allotment Status page from 16 September 2026 for your result.
Maharaja & Speedex India SME IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 186.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 15.22 Cr | Rs 743.22 Cr | 48.82x |
| FII | - | Rs 144.04 Cr | - |
| DFI | - | Rs 6.70 L | - |
| Mutual Funds | - | Rs 27.00 Cr | - |
| Other | - | Rs 572.12 Cr | - |
| NII | Rs 11.42 Cr | Rs 464.35 Cr | 40.67x |
| bNII (above Rs 10L) | Rs 7.61 Cr | Rs 343.00 Cr | 45.07x |
| Corporate | - | Rs 9.06 Cr | - |
| Individual | - | Rs 319.59 Cr | - |
| Other | - | Rs 14.35 Cr | - |
| sNII (Rs 2L to Rs 10L) | Rs 3.81 Cr | Rs 121.34 Cr | 31.89x |
| Corporate | - | Rs 4.31 Cr | - |
| Individual | - | Rs 113.82 Cr | - |
| Other | - | Rs 3.21 Cr | - |
| IND | Rs 26.65 Cr | Rs 523.58 Cr | 19.65x |
| Fixed price | - | Rs 523.58 Cr | - |
| Total | Rs 53.29 Cr | Rs 1,731.15 Cr | 32.49x |
Maharaja & Speedex India SME IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 1,364 | 49 | 0.04x |
| FII | - | 12 | - |
| DFI | - | 2 | - |
| Mutual Funds | - | 2 | - |
| Other | - | 33 | - |
| NII | 341 | 6,597 | 19.35x |
| bNII (above Rs 10L) | 227 | 3,150 | 13.88x |
| Corporate | - | 42 | - |
| Individual | - | 3,055 | - |
| Other | - | 53 | - |
| sNII (Rs 2L to Rs 10L) | 114 | 3,447 | 30.24x |
| Corporate | - | 125 | - |
| Individual | - | 3,229 | - |
| Other | - | 93 | - |
| IND | 1,194 | 23,458 | 19.65x |
| Fixed price | - | 23,458 | - |
| Total | 2,899 | 30,104 | 10.38x |
What Do These Subscription Numbers Mean?
32.49x overall by shares means bids covered about 32 times the shares on offer. Allotment chances depend on applications in each category.
QIB at 48.82x by shares shows institutional demand from mutual funds, FIIs, and banks.
NII covers bids above Rs 2 lakh (19.35x by applications). Split: SHNI 30.24x, BHNI 13.88x by applications. SHNI and BHNI allotment is by lottery.
At 19.65x subscription by applications, about 1 in 20 retail applicants may get allotment (~5% chance per application). Retail allotment is also by lottery.
Maharaja & Speedex India SME IPO GMP After Subscription
GMP for Maharaja & Speedex India SME stands at Rs 28.00 today, giving an estimated listing price of Rs 214.00 per share.
The GMP has moved up from Rs 15.00 on 7 Sept 2026 to Rs 28.00 on 18 Sept 2026.
A subscription of 32.49x combined with a GMP of 15.05% is a strong combination heading into listing. QIB demand above 50x in particular tends to support listing sentiment, as institutional investors are seen as informed buyers.
Track live GMP on the Maharaja & Speedex India SME IPO GMP Today page or the IPOwiz Live IPO GMP Tracker.
Maharaja & Speedex India SME IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 10 September 2026 |
| IPO Close Date | 15 September 2026 |
| Allotment Date | 16 September 2026 |
| Refund Initiation | 17 September 2026 |
| Share Credit to Demat | 17 September 2026 |
| Listing Date | 18 September 2026 |
| Minimum Investment | Rs 2,23,200.00 |
| Lot Size | 600 shares |
About Maharaja & Speedex India SME
No company information available
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors (SHNI & BHNI)
Investors bidding above Rs 2 lakh. Split into SHNI (Rs 2 lakh to Rs 10 lakh) and BHNI (above Rs 10 lakh). Both use lottery allotment when oversubscribed.
IND - Individual Investors
Investors bidding up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Winners get at least one lot.
Maharaja & Speedex India SME IPO Pages
Open related pages for this IPO: details, GMP, subscription, allotment, review, FAQ, registrar, timeline, and news.
Maharaja & Speedex India SME Details
Issue size, price, financials, and company info
Maharaja & Speedex India SME GMP
Live grey market premium and listing estimate
Maharaja & Speedex India SME Subscription
QIB, NII, Retail, SHNI and BHNI subscription
Maharaja & Speedex India SME Allotment
Allotment date, chances, and check by PAN
Maharaja & Speedex India SME Review
SWOT, strengths, risks, and IPO review
Maharaja & Speedex India SME FAQ
Common questions on dates, GMP, and allotment
Maharaja & Speedex India SME Registrar
Registrar website and how to check allotment
Maharaja & Speedex India SME Timeline
Open, close, allotment, and listing dates
Maharaja & Speedex India SME News
Updates, blogs, and latest IPO news
Maharaja & Speedex India SME IPO Subscription FAQs
What is Maharaja & Speedex India SME IPO subscription status today?
Maharaja & Speedex India SME IPO subscription closed on 15 September 2026 with overall subscription of 32.49x (by shares) as of 12 October 2026, 5:47 AM IST. QIB 48.82x, NII 19.35x, IND 19.65x.
What is the overall subscription of Maharaja & Speedex India SME IPO?
Maharaja & Speedex India SME IPO is subscribed 32.49x overall by shares at close on 15 September 2026. QIB 48.82x, NII 19.35x, and IND 19.65x.
What is Maharaja & Speedex India SME IPO QIB subscription?
Maharaja & Speedex India SME IPO QIB (Qualified Institutional Buyers) subscription is 48.82x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is Maharaja & Speedex India SME IPO IND subscription?
Maharaja & Speedex India SME IPO IND subscription is 19.65x by applications. Retail bids are up to Rs 2 lakh per PAN.
What is Maharaja & Speedex India SME IPO NII, SHNI, and BHNI subscription?
Maharaja & Speedex India SME IPO NII subscription is 19.35x by applications. NII is bids above Rs 2 lakh, split into SHNI (Rs 2L to Rs 10L) at 30.24x and BHNI (above Rs 10L) at 13.88x.
What are Maharaja & Speedex India SME IPO retail allotment chances?
At 19.65x subscription by applications, about 1 in 20 retail applicants may get allotment (~5% chance per application). Allotment is by lottery.
What are Maharaja & Speedex India SME IPO SHNI allotment chances?
At 30.24x subscription by applications, about 1 in 30 SHNI applicants may get allotment (~3% chance per application). Allotment is by lottery. Share subscription was 31.89x. Allotment chances use applications, not share volume.
What are Maharaja & Speedex India SME IPO BHNI allotment chances?
At 13.88x subscription by applications, about 1 in 14 BHNI applicants may get allotment (~7% chance per application). Allotment is by lottery. Share subscription was 45.07x. Allotment chances use applications, not share volume.
When is Maharaja & Speedex India SME IPO allotment date?
Maharaja & Speedex India SME IPO allotment date is 16 September 2026. Check Maharaja & Speedex India SME IPO Allotment Status on IPOwiz from that day using your PAN.
When does Maharaja & Speedex India SME IPO subscription close?
Maharaja & Speedex India SME IPO subscription closed on 15 September 2026. No new applications are accepted after the close.
What is Maharaja & Speedex India SME IPO GMP today?
Maharaja & Speedex India SME IPO GMP is ₹28 today (+15.05% over issue price ₹186). See live GMP on the Maharaja & Speedex India SME IPO GMP Today page.
What is Maharaja & Speedex India SME IPO issue price and lot size?
Maharaja & Speedex India SME IPO issue price is ₹186 per share. Lot size is 600 shares. Minimum investment is ₹2,23,200 per lot (minimum 2 lots for SME). Issue size: ₹80.13 Cr.
When is Maharaja & Speedex India SME IPO listing date?
Maharaja & Speedex India SME IPO listing date is 18 September 2026 on NSE and BSE. Allotment is on 16 September 2026.
How does subscription affect Maharaja & Speedex India SME IPO allotment?
In Maharaja & Speedex India SME IPO, Retail, SHNI, and BHNI allotment is by lottery when oversubscribed. Chances follow application subscription in each category, not share volume. At 32.49x overall, competition is high.
For allotment results from 16 September 2026, visit the Maharaja & Speedex India SME IPO Allotment Status page. For listing day updates on 18 September 2026, download the IPOwiz App.
Sources
We match Maharaja & Speedex India SME IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- IPO RegistrarRegistrar details are on the allotment page for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews subscription data before it goes live.