Maharaja & Speedex Shares Hit 5% Upper Circuit After 34% Listing Premium
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Maharaja & Speedex shares hit the 5% upper circuit on 18 September 2026. The stock debuted at ₹250, a 34% premium over the issue price. The ₹80.13 crore Maharaja & Speedex IPO was subscribed 32.41 times overall.
Maharaja & Speedex India Limited shares made their debut on the Small and Medium Enterprises (SME) platform of the Bombay Stock Exchange (BSE) on 18 September 2026.
The stock opened at ₹250, representing a 34% premium over the price band of ₹177-186. It subsequently hit the 5% upper circuit during Friday's session.
On the BSE SME Platform at 12:07 pm on 18 September, the Maharaja & Speedex share price stood at ₹262.50, up 5% from its IPO price.
Maharaja & Speedex IPO Structure And Subscription Details
The Maharaja & Speedex IPO was valued at ₹80.13 crore. The issue consisted of a fresh issue of 34.46 lakh shares worth ₹64.10 crore and an offer for sale (OFS) of 8.62 lakh shares valued at ₹16.03 crore. The IPO had a lot size of 600 shares.
The issue was subscribed 32.41 times overall. The retail portion received 19.65 times subscription. The qualified institutional buyers (QIBs) category, excluding the anchor portion, was subscribed 48.82 times, while non-institutional investors (NIIs) subscribed 40.32 times.
Also Read - Swastika Infra To Launch ₹161-Crore IPO At ₹175–185 Per Share
This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Vishwa has spent 10+ years across fintech and FMCG doing what most people miss, connecting the dots, catching trends before they trend, and finding the angle nobody else thought to ask about.
At Kotak Neo, she drives content strategy for neoshorts, Kotak News Desk, and Investing Guide, turning market noise into something worth reading.
When she's not decoding markets, she trades charts for canvases, chasing art, painting, and architecture across cities she's yet to explore.
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