GENERAL10 Sept 2026
Maharaja & Speedex India IPO: GMP signals 16% listing pop; Subscription status, price band, other details in 5 points
Maharaja & Speedex India's small business (SME) IPO opened on 10 September 2026 and closes on 15 September. The price band is ₹177 to ₹186 per share, with a lot size of 600 shares. It drew only 0.25 times subscription on day one, though non-institutional investors bid 0.61 times. A grey market premium of ₹30 hints at a 16% listing gain. Retail investors need ₹2,23,200 to apply.
Key Statutory Highlights
- The IPO opened on 10 September 2026 and closes on 15 September, with allotment likely on 16 September and listing on the BSE SME on 18 September.
- The total issue is ₹80.13 crore, made up of ₹64.10 crore of fresh shares and ₹16.03 crore of offer for sale.
- It was subscribed about 0.25 times on day one, and no bids were recorded in the qualified institutional buyers category.
Actionable Advice for Taxpayers / Founders:Decide before 15 September 2026 if you want to apply. Treat the grey market premium as an unofficial signal, not a guaranteed listing price, and check the risk factors in the offer document first.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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