Maharaja & Speedex India SME IPO GMP History
Maharaja & Speedex India SME IPO has been listed on September 18, 2026 at a listing price of ₹250, against the issue price of ₹186 — a gain of ₹64 (+34.41%). The GMP peaked at ₹48 on 12 September 2026 and reached a low of ₹15 on 7 September 2026. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Maharaja & Speedex India SME IPO raised ₹80.13 Cr. through its IPO at a price band of ₹177 to ₹186 per share, with a lot size of 600 shares. The IPO was open for subscription from 10 Sep 2026 to 15 Sep 2026.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 18 Sep, 6:32 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 18 Sep 2026 | ₹ 28 | — | 15.05% | — | — |
| 17 Sep 2026 | ₹ 28 | — | 15.05% | — | — |
| 16 Sep 2026 | ₹ 28 | — | 15.05% | — | — |
| 15 Sep 2026 | ₹ 28 | ▼ | 15.05% | — | — |
| 14 Sep 2026 | ₹ 40 | — | 21.51% | — | — |
| 13 Sep 2026 | ₹ 40 | ▼ | 21.51% | — | — |
| 12 Sep 2026 | ₹ 48 | ▲ | 25.81% | — | — |
| 11 Sep 2026 | ₹ 30 | — | 16.13% | — | — |
| 10 Sep 2026 | ₹ 30 | — | 16.13% | — | — |
| 09 Sep 2026 | ₹ 30 | — | 16.13% | — | — |
| 08 Sep 2026 | ₹ 30 | ▲ | 16.13% | — | — |
| 07 Sep 2026 | ₹ 15 | — | 8.06% | — | — |
Maharaja & Speedex India SME IPO dates
Key dates from opening to listing. Today is 23 October.
- Open 10 Sep 2026
- Close 15 Sep 2026
- Allotment 16 Sep 2026
- Refund/credit 17 Sep 2026
- Listing 18 Sep 2026
Maharaja & Speedex India SME IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹186 |
|---|---|
| GMP-based estimate (pre-listing) | ₹214 (+15.1%) |
| Listing gain / loss | +₹64 per share |
| Listing date | 18 Sep, 2026 |
| Actual listing price | ₹250 (+34.41%) |
Is Maharaja & Speedex India SME IPO GMP reliable?
Grey market premium for Maharaja & Speedex India SME IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Maharaja & Speedex India SME IPO full review for a fundamentals-based assessment before making any grey market trades.
Maharaja & Speedex India SME IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Maharaja & Speedex India SME IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Maharaja & Speedex India SME IPO
Maharaja & Speedex India Ltd was started in 2006. It makes and distributes drinkware, with its main focus on stainless steel bottles and related products.
Its range is split into two groups. Standard products are the stainless steel bottles used for everyday purposes. Novelty products cover tumblers, feeding bottles and gym shakers. The company offers these at several price points so that it can sell into the mass, premium and lifestyle segments rather than only one type of buyer.
It sells across India through a distribution network of 101 distributors spread over 17 states and 2 union territories, including Maharashtra, Uttar Pradesh, Rajasthan and Punjab. It describes its strengths as long standing relationships with suppliers and customers and having both manufacturing and distribution under one roof.
Frequently asked
What is the GMP of Maharaja & Speedex India SME IPO?
The current Grey Market Premium (GMP) of Maharaja & Speedex India SME IPO is ₹ 28.
What is the Kostak Price of Maharaja & Speedex India SME IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Maharaja & Speedex India SME IPO is not available.
What is the Subject to Sauda Price of Maharaja & Speedex India SME IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Maharaja & Speedex India SME IPO?
Maharaja & Speedex India SME IPO listed on September 18, 2026 at ₹250, against the issue price of ₹186 — a gain of +34.41%.
How did the GMP of Maharaja & Speedex India SME IPO trend before listing?
The GMP of Maharaja & Speedex India SME IPO was stable in its final days before listing. The GMP peaked at ₹48 on 12 September 2026. View the day-wise table above for the complete GMP history.
Explore Maharaja & Speedex India SME IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
