Overview
Maharaja & Speedex India IPO is an SME issue that opened for subscription on 28 Apr 2026 and is now listed.
IPO Details
Maharaja & Speedex India IPO is a Small and Medium Enterprise (SME) initial public offering scheduled to be listed on BSE SME. The issue has a price band of TBA per equity share with a lot size of TBA shares, translating to a minimum retail investment of TBA.
The issue size is yet to be confirmed, with the subscription window open from 28 Apr 2026 to 28 Apr 2026. Allotment is expected on — and the equity shares are scheduled to list on —.
- Type
- SME
- Status
- listed
- Price band
- TBA
- Face value
- ₹10 (typical)
- Lot size
- —
- Min investment (Retail)
- TBA
- Issue size
- —
- Fresh issue
- ₹0 Cr
- OFS
- —
- Exchange
- BSE SME
- ISIN
- TBA
- Sector
- Logistics
Market Lot
Market lot details will be available once the price band and lot size are finalised in the Red Herring Prospectus.
IPO Reservation
Per SEBI guidelines, Maharaja & Speedex India IPO reserves shares across investor categories as follows. Final allotment percentages may vary slightly based on the final issue document.
| Category | % Reserved | Notes |
|---|---|---|
| QIB | Up to 50% | Mutual funds, FIIs, banks |
| NII / HNI | Up to 15% | Bids ≥ ₹2 lakh |
| Retail | At least 35% | Bids up to ₹2 lakh |
Important Dates
- Issue Open28 Apr 2026 · Subscription opens
- Issue Close28 Apr 2026 · Subscription closes
- Allotment— · Basis of allotment finalised
- Refunds Initiated— · Funds released for non-allottees
- Listing Date— · Shares debut on the exchange
Grey Market Premium
Grey Market Premium for Maharaja & Speedex India is yet to be tracked. We update GMP from multiple grey market sources during the subscription window. Bookmark this page and check IPO GMP Today for live updates.
Subscription Status
Maharaja & Speedex India IPO subscription tracking will go live once the subscription window opens. Category-wise data (Retail / NII / QIB / Employee) will be available on IPO Subscription Status.
Allotment Status
Maharaja & Speedex India IPO allotment will be finalised by the registrar (Maashitla Securities) on —. Check your allotment status using your PAN, application number, or DP ID via our allotment status checker or directly on the registrar's website.
If allotment fails, the blocked funds via ASBA / UPI mandate are released back within 24-48 hours. Applying through multiple demat accounts in family members' names improves chances on oversubscribed IPOs.
About Maharaja & Speedex India
Promoter & Holding Pattern
The promoter and promoter group hold the majority stake in Maharaja & Speedex India prior to the IPO. Post-listing, this percentage will reduce as new equity shares are issued to the public. Detailed pre-IPO and post-IPO promoter holding data will be updated once the Red Herring Prospectus is finalised with SEBI.
Objects of the Issue
Maharaja & Speedex India IPO proceeds will be utilised across the following objectives, as disclosed in the Red Herring Prospectus:
| Purpose | Amount (₹ Cr) | % of Issue |
|---|---|---|
| 100% Offer for Sale by promoters of 10,00,000 equity shares — no fresh capital reaches operating business | — | 100.00% |
Financial Performance
Three-year financial performance for Maharaja & Speedex India (amounts in ₹ Cr):
| Period | Revenue | Expense | PAT | Total Assets | Net Worth |
|---|---|---|---|---|---|
| FY25 | 93.6 | — | 5.57 | — | — |
| FY24 | 61.41 | — | 1.08 | — | — |
Valuation Snapshot
Peer Comparison
Listed peers in the Logistics sector with key valuation metrics:
| Company | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) | Income (₹ Cr) |
|---|---|---|---|---|---|
| Delhivery | — | — | — | — | — |
| Blue Dart Express | — | — | — | — | — |
| TCI Express | — | — | — | — | — |
Anchor Investors
Anchor investor bidding for Maharaja & Speedex India typically opens one working day before the issue opens to the public. Anchor investors — mutual funds, FIIs, sovereign wealth funds, and insurance companies — collectively subscribe to a portion of the QIB segment. Their participation signals institutional confidence. Anchor list and total amount will be updated once SEBI publishes the anchor filing.
Lead Managers (Merchant Bankers)
Book-Running Lead Managers (BRLMs) for Maharaja & Speedex India will be listed once confirmed in the Red Herring Prospectus. Lead managers oversee pricing, marketing, and underwriting — typically Kotak, ICICI Securities, Axis Capital, HDFC, SBI Caps, JP Morgan, or Citigroup.
IPO Registrar
The registrar processes all bid applications, finalises the basis of allotment, manages refunds, and credits allotted shares to successful applicants' demat accounts.
Editorial Review
How to Apply for Maharaja & Speedex India IPO
- Open broker app — Zerodha, Upstox, Angel One, Groww, 5paisa, ICICI Direct, or any other SEBI-registered broker. Navigate to the IPO section.
- Select Maharaja & Speedex India IPO during the bidding window (28 Apr 2026 – 28 Apr 2026).
- Enter bid details — minimum TBA shares per lot. Retail investors are recommended to bid at cut-off price (upper band).
- Submit UPI ID linked to a SEBI-approved bank.
- Approve UPI mandate from your UPI app within the deadline. Bid amount is blocked, not debited.
- Await allotment on —.
- Listing day — shares list on BSE SME on —.