Maharaja & Speedex IPO GMP Today, Price & Details
Maharaja & Speedex IPO GMP Today, Price Band, Subscription Status, Allotment & Listing Details
About Maharaja & Speedex
Maharaja & Speedex is entering the public markets via the SME segment on the BSE, aiming to raise ₹80 Cr. The company operates in a sector that, while not explicitly detailed, is likely tied to its operational scale suggested by its recent financial performance. With revenues reaching ₹75.44 Cr, it indicates a mid-sized enterprise with established operations.
The IPO structure involves a price band of ₹177 to ₹186 per share, with a face value of ₹10 and a lot size of 600 shares. Financially, the company has reported a Profit After Tax (PAT) of ₹8.35 Cr against its revenue. This suggests a healthy profit margin, which is a positive indicator for potential investors looking at the company's earnings capability.
Maharaja & Speedex's financial metrics showcase strong return ratios, with a Return on Net Worth (RONW) of 68.03% and a Return on Capital Employed (ROCE) of 42.22%. These figures highlight the company's efficiency in generating profits from its equity and capital. The use of proceeds from the IPO, while not detailed, will likely be directed towards expanding its operations or strengthening its financial base, crucial for sustained growth in its sector.
Maharaja & Speedex IPO — Investment Analysis
The valuation of Maharaja & Speedex's IPO presents an interesting dichotomy. With an Earnings Per Share (EPS) of ₹8211, the reported Price-to-Earnings (P/E) ratio stands at a remarkably low 0.02x. This extremely low P/E suggests that the IPO might be priced very attractively from an earnings perspective, potentially offering significant upside if the earnings are sustainable and the market recognizes this value. However, the high EPS value itself requires scrutiny, as it might indicate a very large number of shares outstanding or a historical anomaly. The price band of ₹177 to ₹186 per share needs to be viewed in conjunction with this P/E, making it seem like a bargain on paper.
Financially, Maharaja & Speedex appears to be on a solid footing. Its revenue stood at ₹75.44 Cr, accompanied by a PAT of ₹8.35 Cr. This translates to a net profit margin of over 11%. Furthermore, the EBITDA margin is reported at 11.35%, indicating good operational efficiency. What truly stands out are the return ratios: an RONW of a stellar 68.03% and a ROCE of 42.22%. These high figures suggest the company is adept at generating profits from its shareholders' equity and its employed capital, a strong sign of financial health and effective management.
Looking at the growth outlook, the company's strong return ratios suggest a capacity for robust expansion. However, the limited data available for a deep dive into growth drivers and future projections is a concern. The IPO structure includes a significant QIB subscription of 48.82x, which is a positive signal, but the 0x subscription from Retail and NII categories is unusual and warrants careful consideration. Potential risks include the inherent volatility of SME listings, the lack of detailed operational information, and the unusual subscription pattern which might suggest specific investor behavior or lack of broad retail interest. The Offer for Sale (OFS) component, if any, is not specified, which is a key factor in understanding promoter dilution.
The subscription figures are highly polarized, with Qualified Institutional Buyers (QIBs) showing immense interest, subscribing 48.82 times. This strong demand from institutional investors can often be a precursor to a positive listing. However, the complete lack of subscription from both the High Networth Individual (NII) and Retail Individual Investor (RII) categories is a significant anomaly. It's unusual for all categories to show zero interest while QIBs are heavily subscribed. This could indicate a very specific targeting of institutional investors or a lack of retail awareness/interest, making the overall sentiment mixed and requiring deeper investigation into the reasons behind the zero retail participation.
Investors should consult a SEBI-registered financial advisor before making investment decisions.
Disclaimer: This analysis is auto-generated from publicly available financial data and should not be considered investment advice. Always consult a SEBI-registered financial advisor before making investment decisions.
Maharaja & Speedex IPO — Pros & Cons
Strengths
- The company boasts impressive return ratios, with an RONW of 68.03% and a ROCE of 42.22%. These high figures indicate strong profitability and efficient use of capital, suggesting a well-managed business that generates substantial returns for its shareholders.
- A reported EBITDA margin of 11.35% highlights the company's operational efficiency in converting revenue into earnings before interest, taxes, depreciation, and amortization. This suggests a robust business model that can effectively manage its operating costs.
- The Profit After Tax (PAT) of ₹8.35 Cr against revenues of ₹75.44 Cr indicates a healthy net profit margin of over 11%. This demonstrates the company's ability to translate sales into bottom-line profit, a key indicator of financial health.
- The P/E ratio of 0.02x, when considered with the EPS of ₹8211, appears extremely low, suggesting a potentially very attractive valuation. If the earnings are sustainable, this could offer significant upside potential for investors at the IPO price.
- Strong demand from Qualified Institutional Buyers (QIBs), who subscribed 48.82 times, is a positive signal. This indicates confidence from experienced institutional investors, which can often lead to a favorable listing performance.
Risks
- The complete absence of subscription from Retail and NII categories (0x) is a significant concern. This unusual pattern might suggest a lack of broad market appeal or potential red flags that deterred retail investors, despite strong QIB interest.
- The extremely low P/E ratio of 0.02x, while seemingly attractive, is based on an EPS of ₹8211. The magnitude of this EPS needs thorough examination, as it could be due to a large share count or an unusual accounting treatment, making direct comparison challenging.
- As an SME IPO on the BSE, Maharaja & Speedex will be subject to higher volatility and liquidity risks compared to mainboard listings. This means share price fluctuations can be more pronounced, and exiting large positions might be difficult.
- Limited publicly available information regarding the company's specific business segment, competitive landscape, and detailed future growth plans can make in-depth analysis difficult. Investors are largely reliant on the provided financial numbers.
- The lack of clarity on the Offer for Sale (OFS) component in the IPO structure is a concern. If a significant portion is an OFS, it means funds are not directly coming into the company for expansion, but rather enriching existing shareholders.
Maharaja & Speedex IPO Details
| Company Name | Maharaja & Speedex |
|---|---|
| IPO Type | SME |
| Exchange | BSE |
| Price Band | ₹177 - ₹186 |
| Face Value | ₹10 per share |
| Lot Size | 600 shares |
| Min Investment | ₹111,600 |
| Total Issue Size | ₹80.00 Cr |
|---|---|
| Registrar | Maashitla Securities Pvt.Ltd. |
| Lead Manager | Choice Capital Advisors Pvt.Ltd. |
| IPO Status | Listed |
Maharaja & Speedex IPO Dates
Maharaja & Speedex IPO Subscription Status
Maharaja & Speedex IPO Listing Performance
Maharaja & Speedex IPO listed on BSE on 18 Sep 2026 at ₹250, a premium of 34.4% over the issue price of ₹186. Investors who received allotment made a profit of ₹38,400 per lot (600 shares) on listing day.
Maharaja & Speedex IPO — Key Highlights
- Maharaja & Speedex reported a robust RONW of 68.03% and ROCE of 42.22%, indicating strong profitability and efficient capital utilization.
- The company achieved an EBITDA margin of 11.35%, showcasing its operational efficiency in managing costs.
- With revenue at ₹75.44 Cr and PAT at ₹8.35 Cr, the company demonstrates a healthy net profit margin of over 11%.
- The IPO is priced with a band of ₹177 to ₹186 per share, with a lot size of 600 shares.
- Qualified Institutional Buyers (QIBs) showed significant interest, subscribing 48.82 times.
- Retail and NII subscription levels were notably at 0x, which is an unusual observation.
Maharaja & Speedex Financial Performance
| Metric (₹ Cr) | FY 2023 | FY 2024 | FY 2025 | 8M FY 2026 |
|---|---|---|---|---|
| Revenue | 64.73 | 61.33 | 93.51 | 75.44 |
| Expenses | 63.80 | 59.96 | 86.11 | 64.96 |
| Net Income (PAT) | 0.72 | 1.08 | 5.57 | 8.35 |
| Margin (%) | 1.11% | 1.76% | 5.96% | 11.07% |
Maharaja & Speedex IPO Valuations & Key Metrics
Valuation Ratios
| EPS | ₹8,211.00 |
|---|---|
| P/E Ratio | 0.02x |
| NAV | ₹9.19 |
| Current Ratio | 8,211.00 |
| Debt/Equity | 0.530 |
Return Metrics
| RONW (%) | 68.03% |
|---|---|
| ROCE (%) | 42.22% |
| EBITDA Margin | 11.35% |
Maharaja & Speedex IPO Reservation / Allocation
Maharaja & Speedex IPO Anchor Investors
| Bid Date | Coming soon |
|---|---|
| Shares Offered | Coming soon |
| Anchor Portion (INR Cr.) | Coming soon |
| Anchor lock-in period end date for 50% shares (30 Days) | Coming soon |
| Anchor lock-in period end date for remaining shares (90 Days) | Coming soon |
Maharaja & Speedex IPO Lead Manager & Registrar
Book Running Lead Manager
Choice Capital Advisors Pvt.Ltd.
IPO Registrar
Maashitla Securities Pvt.Ltd.
Maharaja & Speedex IPO — Frequently Asked Questions
What is Maharaja & Speedex IPO GMP today?
As of today, the Grey Market Premium (GMP) for Maharaja & Speedex IPO is not available at this time. GMP values are updated daily based on grey market activity.
What is the price band and lot size of Maharaja & Speedex IPO?
Maharaja & Speedex IPO has a price band of ₹177 to ₹186 per equity share with a face value of ₹10. The minimum lot size is 600 shares, requiring a minimum investment of ₹111,600 at the upper band.
What are the important dates for Maharaja & Speedex IPO?
Maharaja & Speedex IPO opens for subscription on TBA and closes on TBA. The shares are expected to list on BSE on 18 Sep 2026.
What is the investor category allocation in Maharaja & Speedex IPO?
The shares are reserved as follows — Qualified Institutional Buyers (QIB): 0.00%, Non-Institutional Investors (NII/HNI): 0.00%, and Retail Individual Investors: 35.01%.
How can I apply for Maharaja & Speedex IPO?
You can apply for Maharaja & Speedex IPO through your bank's net banking ASBA facility or via UPI-based application through any stockbroker platform. Ensure you have sufficient funds in your bank account as the amount will be blocked until allotment. The registrar for this IPO is Maashitla Securities Pvt.Ltd..
What is the subscription status of Maharaja & Speedex IPO?
Maharaja & Speedex IPO has been subscribed 48.82 times overall. Retail category: 0.00x, NII/HNI: 0.00x, QIB: 48.82x.
What is Maharaja & Speedex IPO price band and lot size?
The Maharaja & Speedex IPO is open with a price band set between ₹177 and ₹186 per share. Each lot comprises 600 shares, meaning the minimum investment required is ₹111,600 (600 shares x ₹186). The face value of each share is ₹10.
Is Maharaja & Speedex IPO worth investing in?
Maharaja & Speedex presents a mixed bag. On one hand, its financial health is impressive, boasting a RONW of 68.03% and an EBITDA margin of 11.35%. The P/E ratio of 0.02x appears extremely attractive.
However, the complete lack of retail and NII subscription (0x) is highly unusual and raises questions. The high EPS of ₹8211 also requires scrutiny. Investors should carefully weigh these factors and consider their risk appetite. Consulting a SEBI-registered financial advisor is recommended before making any investment decisions.
What is Maharaja & Speedex IPO GMP today?
Grey Market Premium (GMP) for the Maharaja & Speedex IPO is an unofficial indicator of market sentiment. While specific GMP figures fluctuate and are not provided here, a positive GMP would suggest demand in the grey market.
It's crucial to remember that GMP is not an official metric and should not be the sole basis for investment decisions. It's influenced by speculation and can change rapidly.
How to apply for Maharaja & Speedex IPO?
You can apply for the Maharaja & Speedex IPO through the ASBA (Application Supported by Blocked Amount) facility via your bank or through your stockbroker's trading platform. Applications are also possible via the UPI mechanism for retail investors.
Your application will be processed by the registrar, Maashitla Securities Pvt.Ltd. Funds for your application will be blocked in your bank account until the allotment process is completed.