Maharaja & Speedex India
SME · book built · SPEEDEX · INE0SVD01012
GMP 5 days ago · bids 7 days ago
- Minimum
- ₹2,23,200
- Band
- ₹177–₹186
- Issue size
- ₹80.13 Cr
- GMP
- ₹28 (+15.05%)
- Subscribed
- 19.65×
GMP rumours
₹28(+15.05%)
Ranged ₹25–₹28 since 16 Sept
Implied ₹16,800 per lot, if the rumour holds — 600 shares × ₹28.
16 Sept · ₹2518 Sept · ₹28
Unofficial grey-market chatter. Not a price, not a prediction, and not from any exchange.
Subscription by category
| Category | Bid | Subscribed | Chance |
|---|---|---|---|
| Retail (2 lots) | — | 19.65× | 1 in 20 |
| sHNI (3 lots to ₹10 lakh) | — | 31.79× | 1 in 32 |
| bHNI (₹10 lakh +) | — | 44.60× | 1 in 45 |
| Institutional (QIB) | — | 48.82× | 1 in 49 |
| All categories | — | 32.41× | — |
Value applied, by category
Where the money is, rather than how contested each line is. The two often disagree — a line can be the most subscribed and still be a small corner of the book.
| Category | Amount | Share of book | Can be allotted |
|---|---|---|---|
| Retail (2 lots) | — | — | — |
| sHNI (3 lots to ₹10 lakh) | — | — | — |
| bHNI (₹10 lakh +) | — | — | — |
| Institutional (QIB) | — | — | — |
| All categories | — | — | — |
Captured — refreshing
Reported figures
| ₹ crore | FY 24 | FY 25 | FY 26 |
|---|---|---|---|
| Revenue | 61.32 | 93.51 | 122.65 |
| EBITDA | 2.90 | 10.61 | 22.52 |
| Profit after tax | 1.08 | 5.57 | 15.34 |
| Total assets | 26.94 | 47.67 | 81.98 |
What the money is for
- Capital expenditure
- 33.4%
- Repayment of loan
- 37.6%
- General corporate purposes
- 28.9%
Priced against its peers
- This issue, P/E
- 15.64
- Sector P/E
- 51.23
- Crompton Greaves Consumer Electricls Ltd
- 30.14
- Eureka Forbes Ltd
- 57.03
- PG Electroplast Ltd
- 61.13
A lower P/E than the sector is not a recommendation — it reflects growth, risk and size as much as price. The comparison is shown so the number has a reference, not to suggest a decision.
Figures as reported by the company. Check them against the prospectus in Documents — that filing is the authority, and this panel is a convenience until we read it directly.
What one bid costs
Priced at the top of the band, which is what gets blocked on a cut-off bid.
| Category | Minimum | Maximum | Ceiling |
|---|---|---|---|
| Retail | 2 lots · ₹2,23,200 | 2 lots · ₹2,23,200 | ₹2,23,200 |
| sHNI | 3 lots · ₹3,34,800 | 8 lots · ₹8,92,800 | ₹10,00,000 |
| bHNI | 9 lots · ₹10,04,400 | — | no upper limit |
Computed from the band by the same calculator that validates a bid before it is sent, so this table and the review sheet cannot disagree. A cut-off bid blocks at the upper band price, never the lower one.
The issue
- Issue size
- ₹80.13 Cr
- Face value
- ₹10
- Lot size
- 600 shares
- Listing on
- BSE
- Daily window
- 10:00 – 16:00 IST
Timeline
- Opens
- 10 Sept
- Closes
- 15 Sept
- Basis of allotment
- 16 Sept
- Refunds
- 17 Sept
- Listing
- 18 Sept
Documents