MUMBAI, 15 September 2026 — Maharaja & Speedex India Limited has a ₹177–₹186 price band for its SME initial public offering, according to the official exchange issue calendar checked at 15 September 2026, 17:30 IST. The exchange calendar scheduled the issue to close on 15 September 2026. Because the closing cut-off can pass before a reader opens this report, confirm the current bid status with the exchange or intermediary.
Maharaja & Speedex India IPO at a glance
| Issue status | Live on the exchange calendar at the check time |
|---|---|
| Platform | BSE SME — SME |
| Bid dates | 10 September 2026 to 15 September 2026 |
| Price band | ₹177–₹186 per equity share |
| Face value | ₹10 per equity share |
| Bid lot | 600 shares |
| Minimum application | 1,200 shares; ₹223,200 at the top of the price band |
| Issue size | Up to 4,308,000 shares, aggregating up to about ₹80.13 crore |
| Issue structure | Fresh issue and offer for sale |
| Lead manager | Choice Capital Advisors Private Limited |
| Registrar | Maashitla Securities Private Limited |
Important: Dates, category allocations and post-close milestones can change through exchange notices or prospectus updates. Application amounts above are arithmetic illustrations using the stated minimum quantity and upper price; they are not a recommendation to bid.
Issue structure and investor context
Published offer terms indicate a fresh issue of 3,446,400 shares and an OFS of 861,600 shares. Final numbers should be checked in the RHP and exchange notices. This is an SME-platform offer. SME securities can have larger application sizes, lower secondary-market liquidity and different trading-lot rules than mainboard shares.
A price band is an offer term, not an independent valuation or a forecast of the listing price. Investors should compare the offer valuation, use of proceeds, financial statements, related-party disclosures, litigation, customer concentration, working-capital needs and peer assumptions in the red herring prospectus.
What investors should verify
- Read the current red herring prospectus and any addendum on the exchange website.
- Confirm the live bid window, lot rules and UPI or ASBA cut-off with the broker or bank before applying.
- Use only an exchange, SEBI-registered intermediary or the named registrar for application and allotment checks.
- Do not treat an unofficial grey-market premium, social-media claim or subscription headline as a guaranteed listing outcome.
Source and methodology
CapKet reconciled the official exchange public-issue calendar and available offer-document fields, then wrote this report independently. The article does not reproduce exchange editorial text and does not use company promotional claims as analysis. The status is a timestamped observation; later allotment and listing reports will be separate articles so this record is not overwritten.
Investment disclaimer: IPO investing can result in partial or no allotment and substantial loss after listing. This report is general news and education, not investment, legal or tax advice, a solicitation, or a recommendation to subscribe.