About the Maharaja & Speedex India IPO
Maharaja & Speedex India is a SME issue listing on BSE SME with an issue size of 80.13. The price band is ₹177-186 per share and one lot is 600 shares. Bidding runs from 10 Sep 2026 to 15 Sep 2026. SME issues have a larger minimum application; one lot costs ₹1,11,600 at the upper band, so check the offer document for the minimum number of lots.
What the GMP implies
At the last recorded GMP of ₹28, the grey market is pricing Maharaja & Speedex India at about ₹214 on listing, against the upper price band of ₹186, or roughly ₹16,800 per lot.
.GMP changes daily and is often wrong on listing day: it is an unofficial figure from informal dealers, not a price you can trade at.
Maharaja & Speedex India IPO key dates
| Bidding opens | 10 Sep 2026 |
| Bidding closes | 15 Sep 2026 |
| Allotment | 16 Sep 2026 |
| Refunds start | 17 Sep 2026 (expected) |
| Shares credited to demat | 17 Sep 2026 (expected) |
| Listing | 18 Sep 2026 |
Dates marked "expected" follow SEBI's T+3 timeline from the closing date and change if the company announces otherwise.
How much to apply with
| Category | Lots | Shares | Amount |
|---|---|---|---|
| One lot | 1 | 600 | ₹1,11,600 |
| Two lots | 2 | 1,200 | ₹2,23,200 |
SME issues set their own minimum application; check the offer document.
How to apply
1. Open the IPO section in your broker app, or ASBA in your bank's net banking.
2. Pick Maharaja & Speedex India, enter the number of lots and bid at the cut-off price.
3. Approve the UPI mandate on your phone before the closing day's cut-off.
4. Check allotment after 16 Sep 2026 using the button above.