Listed SME

Maharaja & Speedex India IPO Subscription Status

Q: What is the current subscription status of Maharaja & Speedex India IPO?

As of IPO close date (15 Sep, 2026), the Maharaja & Speedex India IPO is subscribed 30.21x times. Retail category is 19.65x, and NII is 30.09x subscribed.

Q: When is the allotment date for Maharaja & Speedex India IPO?

The allotment for Maharaja & Speedex India IPO is expected to be finalized on 16 September, 2026.

Q: What is the GMP of Maharaja & Speedex India?

The Grey Market Premium (GMP) for Maharaja & Speedex India is currently ₹28, indicating a potential listing gain of 15.05%.

Q: When will Maharaja & Speedex India IPO list on the stock market?

Maharaja & Speedex India is scheduled to list on BSE and NSE on 18 September, 2026.

Q: What are the chances of getting allotment in Maharaja & Speedex India IPO?

The retail category is oversubscribed at 19.65x, meaning allotment is by lottery. Statistically, approximately 1 in 20 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.

Q: What does QIB subscription of 48.82x mean for Maharaja & Speedex India IPO?

Strong — QIBs (mutual funds, FIIs, insurance companies) have subscribed 48.82x, indicating high institutional conviction. Heavy QIB demand is historically one of the strongest predictors of a positive listing.

Q: How to check Maharaja & Speedex India IPO allotment status?

After the allotment date (16 Sep, 2026), you can check your Maharaja & Speedex India IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.

Maharaja & Speedex India IPO was subscribed 30.21 times when bidding closed on 15 Sep 2026: QIB 48.82x, NII 30.09x, Retail 19.65x.

The Maharaja & Speedex India IPO has been subscribed 30.21x times overall. Retail investors have shown interest with bids for 19.65x the shares available. The Non-Institutional Investor (NII) category has been subscribed 30.09x. Within NII, Big HNI (B-HNI) subscribed 45.13x and Small HNI (S-HNI) subscribed 31.79x. Qualified Institutional Buyers (QIBs) have subscribed 48.82x. Data last updated on 18 Sep, 06:32 PM.

The IPO subscription period has ended. Given the strong demand, the allotment process is expected to be highly competitive. The issue opened on 10 Sep, 2026 and closes on 15 Sep, 2026. The shares are expected to list on stock exchanges on 18 Sep, 2026.

Full details Check GMP

Final subscription

30.21x

30,098 applications

Category-wise bids →

QIB

48.82x

Institutions · proportionate allotment

Why QIB matters →

NII / HNI

30.09x

High-net-worth bids above ₹2 lakh

HNI allotment odds →

Retail

19.65x

Lottery for 1 lot — about 1 in 20

Retail allotment odds →

Researched & reviewed by Abhishek Vohera, Founder, IPO Guru Last updated 18 Sep 2026, 6:32 PM IST Figures sourced from the RHP, BSE & NSE

Live bidding

Shares bid against shares offered, category by category, as published by the exchanges. Switch to Detailed for the exchange's own sub-category rows.

Category	Offered	Applied	Applications	Bid details	Times
QIB	8,18,400	3,99,58,200	45	3,99,58,200 of 8,18,400 45 applications	48.82x
1(a) Foreign Institutional Investors (FIIs)	0	77,44,200	12	77,44,200 12 applications
1(b) Domestic Financial Institutions (Banks/FIs/Insurance)	0	3,600	2	3,600 2 applications
1(c) Mutual Funds	0	14,51,400	2	14,51,400 2 applications
1(d) Others	0	3,07,59,000	33	3,07,59,000 33 applications
NII	8,29,800	2,49,64,800	6,595	2,49,64,800 of 8,29,800 6,595 applications	30.09x
2.1 Big NII — bid amount above ₹10 Lakh	4,08,600	1,84,41,000	3,148	1,84,41,000 3,148 applications	45.13
2.1(a) Corporates	0	4,87,200	42	4,87,200 42 applications
2.1(b) Individuals (other than RIIs)	0	1,71,82,200	3,055	1,71,82,200 3,055 applications
2.1(c) Others	0	7,71,600	53	7,71,600 53 applications
2.2 Small NII — bid amount ₹2–10 Lakh	2,05,200	65,23,800	3,447	65,23,800 3,447 applications	31.79
2.2(a) Corporates	0	2,31,600	125	2,31,600 125 applications
2.2(b) Individuals (other than RIIs)	0	61,19,400	3,229	61,19,400 3,229 applications
2.2(c) Others	0	1,72,800	93	1,72,800 93 applications
Retail	14,32,800	2,81,49,600	23,458	2,81,49,600 of 14,32,800 23,458 applications	19.65x
TOTAL	30,81,000	9,30,72,600	30,098	9,30,72,600 30,098 applications	30.21x

Maharaja & Speedex India IPO Basis of Allotment

Final Final figures published by the registrar, after technical rejections. Allotment price ₹186.

Applications

30,108

Allottees

1,588

Overall odds

1 in 19

Amount collected

Category	AppsApplications	Shares Applied	Shares Allotted	GotAllottees	Odds
QIB 20.51x subscribed	55	4,19,59,800 ₹780 Cr	20,04,000 20.51x subscribed	53	1 in 1.01 in 1.0
Ex. Anchor Ex. Anchor	45	4,03,87,800	7,77,000 · 49.35x	43	1 in 1.01 in 1.0
Anchor Anchor Investors	10	15,72,000	12,27,000 · 1.28x	10	AllAll allotted
NII (HNI) 39.53x subscribed	6,595	2,42,64,000 ₹451 Cr	6,13,800 39.53x subscribed	341	1 in 191 in 19
bNII >₹10L bNII — above ₹10 Lakh	3,148	1,77,40,800	4,08,600 · 43.42x	227	1 in 141 in 14
sNII <₹10L sNII — below ₹10 Lakh	3,447	65,23,200	2,05,200 · 31.79x	114	1 in 301 in 30
Retail 19.65x subscribed	23,458	2,81,49,600 ₹523 Cr	14,32,800 19.65x subscribed	1,194	1 in 201 in 20
TOTAL 23.06x subscribed	30,108	9,43,73,400	40,50,600 23.06x subscribed	1,588	1 in 191 in 19

Subscription insights

What the current book is saying, read off the category numbers above.

Retail Allotment

Subscription is above 1x. While a lottery is guaranteed, your probability of allotment is approximately 5.1% for a single lot.

Institutional Backing

Massive institutional interest with QIBs subscribing 48.82x. This often signals long-term confidence from professional funds.

Day-wise subscription history

End-of-day subscription across the 4-day bidding window. On phones, tap a day for the category split.

Date	Total	QIB	NII	Retail
15 Sep 2026 Day 4	30.21x	48.82x	30.09x	19.65x	▼
QIB48.82x NII30.09x Retail19.65x
14 Sep 2026 Day 3	0.53x	0.1x	0.86x	0.59x	▼
QIB0.1x NII0.86x Retail0.59x
11 Sep 2026 Day 2	0.52x	0.1x	0.86x	0.56x	▼
QIB0.1x NII0.86x Retail0.56x
10 Sep 2026 Day 1	0.27x	-	0.63x	0.22x	▼
QIB- NII0.63x Retail0.22x

Maharaja & Speedex India SME IPO dates

From the bidding window to listing. Today is 23 October.

Key dates Listed

Open 10 Sep 2026
Close 15 Sep 2026
Allotment 16 Sep 2026
Refund/credit 17 Sep 2026
Listing 18 Sep 2026

Maharaja & Speedex India IPO allotment probability

Your odds of an allotment in each category at the current subscription.

Retail (up to ₹2 L)

1 in 10

~10.2% chance per PAN — 23,458 applicants for 2,388 allotment slots. Winners get exactly 1 lot (₹1.1 L) by SEBI lottery, however many lots you bid.

Small HNI (₹2–10 L)

1 in 21

~5% chance — 3,447 applicants for 171 allotment slots. Lottery allots the minimum S-HNI application of 2 lots (₹2.2 L) per winner; bidding bigger doesn't improve odds.

Big HNI (above ₹10 L)

1 in 42

~2.4% chance — 3,148 applicants for 75 allotment slots. Lottery allots the minimum B-HNI application of 9 lots (₹10 L) per winner; the rest is proportionate.

QIB (institutions)

48.82x

Proportionate allotment — at 48.82x, institutions receive ~2% of their bid. No lottery; not open to individual investors. Strong institutional endorsement.

Odds marked with applicant counts are computed from the exchange's actual application data (applicants ÷ allotment slots); others assume minimum-size bids at the current subscription multiple. Retail and HNI allotment is by SEBI-mandated lottery of the minimum application when oversubscribed; QIB allotment is proportionate. Numbers move until subscription closes. This is not investment advice.

What does this subscription data mean?

IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:

01 QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
02 NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
03 Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
04 Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.

Data sourced from BSE/NSE. Subscription numbers are updated during bidding hours (10 AM – 5 PM IST) on active subscription days.

Frequently asked

What is the current subscription status of Maharaja & Speedex India IPO?

As of IPO close date (15 Sep, 2026), the Maharaja & Speedex India IPO is subscribed 30.21x times. Retail category is 19.65x, and NII is 30.09x subscribed.

When is the allotment date for Maharaja & Speedex India IPO?

The allotment for Maharaja & Speedex India IPO is expected to be finalized on 16 September, 2026.

What is the GMP of Maharaja & Speedex India?

The Grey Market Premium (GMP) for Maharaja & Speedex India is currently ₹28, indicating a potential listing gain of 15.05%.

When will Maharaja & Speedex India IPO list on the stock market?

Maharaja & Speedex India is scheduled to list on BSE and NSE on 18 September, 2026.

What are the chances of getting allotment in Maharaja & Speedex India IPO?

The retail category is oversubscribed at 19.65x, meaning allotment is by lottery. Statistically, approximately 1 in 20 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.

What does QIB subscription of 48.82x mean for Maharaja & Speedex India IPO?

Strong — QIBs (mutual funds, FIIs, insurance companies) have subscribed 48.82x, indicating high institutional conviction. Heavy QIB demand is historically one of the strongest predictors of a positive listing.

How to check Maharaja & Speedex India IPO allotment status?

After the allotment date (16 Sep, 2026), you can check your Maharaja & Speedex India IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.

Explore Maharaja & Speedex India SME IPO further

Track every stage of this IPO, from subscription to listing.

01 Next step

IPO details

It has listed — go back to the fundamentals.

₹177 to ₹186

Read the full profile

GMP today

Live grey market premium, Kostak and Subject to Sauda, with the day-wise trend.

GMP ₹28 (15.05%)

See the grey market

IPO review

What brokers and analysts are saying about this issue, in one place.

May Apply · 1 review

See the verdicts

Allotment status

Check with your PAN whether shares were credited to your demat account.

Allotment out · 16 Sep

Check my allotment

IPO Guru on Android

Subscription moves by the hour. Get it on your phone.

Live GMP alerts, subscription updates and allotment status for every Mainboard and SME issue — fast, free and secure.

Get it on Google Play Join the WhatsApp channel

Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.

Total

30.21x

QIB

48.82x

NII

30.09x

Retail

19.65x

Full IPO details