Maharaja & Speedex India IPO Subscription Status
Final figures at close of bidding: 18 Sept 2026, 6:30 pm IST
| Category | Subscription |
|---|---|
| QIB | 48.82x |
| NII | 40.32x |
| sNII (₹2L–₹10L) | 31.79x |
| bNII (above ₹10L) | 44.6x |
| Retail (RII) | 19.65x |
| Total | 32.41x |
Bidding day 6
Day-wise subscription
| Day | QIB | sNII | bNII | Retail | Total |
|---|---|---|---|---|---|
| Day 1 | 0x | 0.27x | 1.15x | 0.22x | 0.29x |
| Day 2 | 0.1x | 0.8x | 0.81x | 0.56x | 0.48x |
| Day 3 | 0.1x | 0.8x | 0.81x | 0.56x | 0.48x |
| Day 4 | 0.1x | 0.8x | 0.81x | 0.56x | 0.48x |
| Day 5 | 0.1x | 0.8x | 0.81x | 0.56x | 0.48x |
| Day 6 | 48.82x | 31.79x | 44.6x | 19.65x | 32.41x |
Times subscribed per category (bids vs shares offered, anchor portion excluded). Bidding has closed — these are the final figures.
How the book filled
Day-by-day demand
The Maharaja & Speedex India book was built over 6 days: overall subscription stood at 0.29× at the close of day 1, read 0.48× at the end of day 2, read 0.48× at the end of day 3, read 0.48× at the end of day 4, read 0.48× at the end of day 5, and finished at 32.41× on day 6. On the final day it was qualified institutional buyers (QIB) driving the book, at 48.82× of the shares set aside for the category. More than half of the final demand arrived after day 1 — a late-building book. The largest single-day addition came on day 6, when the overall multiple moved from 0.48× to 32.41×.
Category detail
Qualified institutional buyers took their portion to 48.82×. Non-institutional investors came in at 40.32×, split 31.79× in the small-NII bucket (bids under ₹10 lakh) and 44.6× among big NIIs (above ₹10 lakh). Within the NII book, the bigger ₹10-lakh-plus bids outpaced the smaller applications. Retail investors put in bids for 19.65× the shares reserved for them. That puts qualified institutional buyers (QIB) at the top of the book at 48.82× and retail investors at the bottom at 19.65×.
What the multiple means for allotment
With retail subscription at 19.65×, applications in that category exceeded the shares available to it by a factor of about 19.65. When a retail book is oversubscribed, the registrar does not allot proportionately — allotment runs as a computerised lottery among all valid applications, with each successful application receiving at least one lot of 600 shares — ₹1,11,600 of stock at the upper band. The multiple above is the data point that determines how thinly that draw is spread; it describes the final book, not the outcome of any single application.
Frequently asked questions
- When does the Maharaja & Speedex India IPO open and close?
- The Maharaja & Speedex India IPO opens on 10 Sept 2026 and closes on 15 Sept 2026.
- How many times was the Maharaja & Speedex India IPO subscribed?
- The Maharaja & Speedex India IPO was subscribed 32.41 times in total across all investor categories.
- What is the reservation split in the Maharaja & Speedex India IPO?
- Of the total shares offered, retail investors get 35.01%, QIBs 20% (plus 29.99% anchor), non-institutional investors 15%.