Maharaja & Speedex India Limited
SMEBSE
Issue details
Price band
₹177 - ₹186
Lot size
600 shares
Issue size
₹80 Cr
Min. investment
₹1,11,600
Registrar
Maashitla Securities
Subscription
30.21x · 30,104 applications
Grey market premium
Est. gain+₹28 · 15%
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IPO Timeline
Open
10 Sep
Close
15 Sep
Allotment
16 Sep
Listing
18 Sep
- Refunds & demat credit
- 17 Sep 2026
- Mandate end
- 30 Sep 2026
We calculate these dates from the allotment and close dates, so please treat them as indicative.
Application size
| Category | Minimum | Maximum |
|---|---|---|
| Retail | 600shares 1 lot · ₹1,11,600 | 600shares 1 lot · ₹1,11,600 |
| HNI | 1,200shares 2 lots · ₹2,23,200 | No limit funds permitting |
Based on the upper price band of ₹186 and a lot of 600 shares.
Subscription
| Quota | Shares offered | Shares bid | Applications | Subscribed |
|---|---|---|---|---|
| NII | 8,29,800 | 2,49,64,800 | 6,597 | 30.09x |
| Retail (IND) | 14,32,800 | 2,81,49,600 | 23,458 | 19.65x |
| Total | 30,81,000 | 9,30,72,600 | 30,104 | 30.21x |
Last updated 47 days ago.
Issue structure
Face value
₹10 per share
Issue type
Bookbuilding IPO
Sale type
Fresh capital cum OFS
Fresh issue
₹60 Cr
32,30,400 shares
Offer for sale
₹16 Cr
8,61,600 shares
Shares pre-issue
1,28,98,740
Shares post-issue
1,63,45,140
Valuation & ratios
| Metric | Pre-IPO | Post-IPO |
|---|---|---|
| EPS | 11.89 | 9.39 |
| P/E | 15.64 | 19.81 |
| Market cap | ₹239.92 Cr. | ₹429.06 Cr |
| KPI | Mar 31, 2026 |
|---|---|
| ROCE | 54.60% |
| Debt/Equity | 0.92 |
| RoNW | 80.47% |
| PAT Margin | 12.51% |
| EBITDA Margin | 18.36% |
| NAV | 20.73 |
| Price to Book Value | 8.97 |
Financials
| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Total income | 122.74 | 93.6 | 61.41 |
| Profit after tax | 15.34 | 5.57 | 1.08 |
| EBITDA | 22.52 | 10.61 | 2.9 |
| Net worth | 26.74 | 11.39 | 4.97 |
| Assets | 81.98 | 47.67 | 26.94 |
| Reserves & surplus | 15.96 | 13.51 | 4.96 |
| Total borrowing | 26.66 | 18.04 | 16.11 |
Figures in ₹ crore, as reported by the company in its offer document.
Objects of the issue
- 1.Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Company and its subsidiary from banks.₹24.1 Cr
- 2.Funding of capital expenditure towards purchase of plant and machineries at the existing manufacturing facility of the wholly-owned subsidiary₹21.42 Cr
- 3.General Corporate Purposes₹9.61 Cr
- 4.Issue Expense₹11.21 Cr
What the company says it intends to do with the money raised.
Recent comparable IPOs
| Company | Issue price | P/E | Listing close | Listing gain |
|---|---|---|---|---|
| Clay Craft India Ltd.SME | ₹203 | 11.38 | ₹221.55 | +9.14% |
| Riddhi Display Equipments Ltd.SME | ₹100 | 14.91 | ₹76.00 | -24.00% |
Past listing performance of comparable issues. This is not a forecast: listing gains vary widely and can turn negative.
Issue fundamentals compiled from the company's offer document via Chittorgarh, last read 27 Sep 2026. Always verify against the RHP before applying.