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LISTED84% source confidence

Maharaja & Speedex India IPO

Open 10 Sep 2026 · Close 15 Sep 2026 · Listing 18 Sep 2026

Price Band₹177.00–₹177.00
Live GMP₹21.00
Subscription30.21×
Issue Size₹80.13 Cr

At a glance

Updated 2026-09-20 17:18:32

Maharaja & Speedex India is an IPO with an issue size of ₹80.13 crore, proposed for listing on NSE EMERGE. The offer opens on 10 Sep 2026 and closes on 15 Sep 2026. The current listing schedule points to 18 Sep 2026.

Issue details

Listing atNSE EMERGE
Issue size₹80.13 Cr
Price band₹177.00–₹177.00
Allotment16 Sep 2026
Listing18 Sep 2026

Grey market

GMP page ↗
Latest GMP₹21.00
GMP / upper price11.86%
Est. listingNO DATA
GMP is unofficial sentiment data, not an exchange price.

Timeline

Opens10 Sep 2026
Closes15 Sep 2026
Allotment16 Sep 2026
Listing18 Sep 2026

Subscription demand

Full bidding ↗
QIB0.00×
sHNI0.01×
bHNI0.00×
NII / HNI0.00×
Retail0.00×
Total30.21×

Lot size

InvestorLotsSharesAmount
Individual investors (Retail) (Max)21200₹223,200
S-HNI (Min)31800₹334,800
S-HNI (Max)84800₹892,800
B-HNI (Min)95400₹1,004,400

Company

Use of proceeds

ObjectAmount
Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Company and its subsidiary from banks₹25.05 Cr
Funding of capital expenditure towards purchase of plant and machineries at the existing manufacturing facility of the wholly-owned subsidiary₹20.37 Cr
General Corporate purposes

Financial performance

Year-wise operating scale, profitability and balance-sheet context.
Full financials ↗
Assets16.23₹ Cr · -39.7% vs prior year
Net Worth1.86₹ Cr · -62.5% vs prior year

FY26

Assets81.98
Net Worth26.74
Total Debt26.66
RevenueAnnualised basis122.65
EBITDAAnnualised basis22.52
PATAnnualised basis15.34
EBITDA Margin (%)18.36

FY25

Assets47.67
Net Worth13.51
Total Debt18.03
RevenueAnnualised basis93.50
EBITDAAnnualised basis10.60
PATAnnualised basis5.56
EBITDA Margin (%)11.34

FY24

Assets26.93
Net Worth4.96
Total Debt16.10
RevenueAnnualised basis61.32
EBITDAAnnualised basis2.90
PATAnnualised basis1.07
EBITDA Margin (%)4.73

FY23

Assets16.23
Net Worth1.86
Total Debt7.93
RevenueAnnualised basis64.72
EBITDAAnnualised basis1.72
PATAnnualised basis0.72
EBITDA Margin (%)2.66

Peer comparison

CompanyEPSP/ERoNWNAV
Maharaja and Speedex India IPO19.81 x
Sham Foam IPO23.38 x

Registrar & lead managers

Lead managers

  • Location

Offer documents

Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-20 17:18:32.
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