Maharaja & Speedex India IPO Allotment Status

Listed RegistrarMaashitla Securities Pvt.Ltd. Allotment16 Sept 2026 Listed at₹250.00 +34.41%

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Maharaja & Speedex India IPO — Allotment & Listing Timeline

  1. IPO Open 10 Sept 2026
  2. IPO Close 15 Sept 2026
  3. Basis of Allotment 16 Sept 2026
  4. Refund Initiation 17 Sept 2026
  5. Listing Date 18 Sept 2026
Issue Price₹177–186
Lot Size600 shares
Issue Size₹80.13 Cr
IPO TypeSME
Listing AtBSE
RegistrarMaashitla Securities Pvt.Ltd.
Listing Price₹250.00
Listing Gain+34.41%

Maharaja & Speedex India IPO — Subscription & Allotment Odds

Based on the final subscription figures for Maharaja & Speedex India IPO (overall 32.49x subscribed). The more a category is oversubscribed, the lower each applicant's chance of allotment.

Retail 5.8% (19.65x)
Low chance
S-HNI 3.1% (31.89x)
Low chance
B-HNI 11.1% (45.07x)
Moderate chance

In the Retail category, about 6 in 100 applicants would get an allotment in Maharaja & Speedex India IPO. Winners are picked by draw of lots and each gets 1,200 shares (2 lots), so applying for more than the minimum does not improve retail odds.

How Many Maharaja & Speedex India Retail Applicants Get Shares

Retail shares reserved14,32,800
Minimum application1,200 shares · ₹2,23,200
Retail winners (max)1,194
Retail applications (est.)~20,581

Maharaja & Speedex India set aside 14,32,800 shares for retail (individual) investors. Each successful applicant receives 1,200 shares (2 lots), so the retail quota can serve at most 1,194 applicants. With retail subscribed 19.65x, that points to roughly 20,581 retail applications competing for those allotments.

Estimate from the prospectus reservation and the final subscription; the registrar's Basis of Allotment has the exact count.

Maharaja & Speedex India IPO Subscription, Day by Day

Times subscribed at the close of each bidding day.

DayRetailNII QIB Total
Day 1 0.22x 0.85x 0.00x 0.29x
Day 2 0.56x 1.16x 0.10x 0.55x
Day 5 0.59x 1.16x 0.10x 0.57x
Day 6 19.65x 40.67x 48.82x 32.49x

Retail demand grew from 0.22x on day 1 to 19.65x by day 6 — 89.3x over the bidding window.

Maharaja & Speedex India Retail Odds vs Earlier SME IPOs

At about 5.8%, the estimated retail odds for Maharaja & Speedex India were lower than 5 of the 7 SME IPOs before it.

Median across those 7 issues: 39.2%. Best odds: Farm Peace (100.0%, retail 0.57x); lowest: Qualiance International (0.26%, retail 446.90x).

What Maharaja & Speedex India Allottees Made on Listing Day

Issue price₹186.00
Listing price₹250.00
Per minimum application+₹76,800
Last GMP before listing₹28

Maharaja & Speedex India listed at ₹250.00 (+34.41% on the issue price). An applicant allotted 1,200 shares (2 lots) was up about ₹76,800 at the listing price, before charges. The last grey market premium we recorded (₹28 on 16 Sept) pointed to about ₹214; the actual listing was ₹36 higher.

Checking Maharaja & Speedex India Allotment

Enter the PAN you applied with in the box above; the check goes to Maashitla Securities Pvt.Ltd., the registrar for Maharaja & Speedex India IPO, which finalised the allotment on 16 Sept 2026.

How the draw of lots works is the same for every issue — see IPO Allotment Process Explained. See all recent IPO allotment results. Last updated: 16 Sept 2026, 08:11 pm IST.

Maharaja & Speedex India Allotment FAQs

The registrar for Maharaja & Speedex India IPO is Maashitla Securities Pvt.Ltd., which finalised the allotment on 16 Sept 2026.

The Maharaja & Speedex India IPO allotment date was 16 Sept 2026; the issue closed on 15 Sept 2026.

The amount blocked through your ASBA / UPI mandate is released within 1-2 working days of the 16 Sept 2026 allotment; the refund date for Maharaja & Speedex India was 17 Sept 2026. With retail subscribed 19.65x, roughly 94% of retail applicants were expected to miss out.

Maharaja & Speedex India lists on 18 Sept 2026; allotted shares are credited one working day earlier, on or just before 17 Sept 2026.

Maharaja & Speedex India was subscribed 32.49x overall. Oversubscribed categories are allotted by draw of lots, each winner getting the minimum application, which in retail is 1,200 shares (2 lots). Estimated odds: Retail 19.65x, about 5.8%; S-HNI 31.89x, about 3.1%; B-HNI 45.07x, about 10.0%. QIB is allotted proportionately, not by lottery.
GMPUpdate