Maharaja & Speedex IPO Subscribed 32.41x on Day 3
Varda Khade
- 0 min read
Last Updated: 15th September 2026 - 05:46 pm
Maharaja & Speedex IPO was subscribed 32.41 times by 5:06 PM on Day 3, September 15, 2026. The public issue received bids for 9,28,56,600 shares against 28,65,000 shares available for subscription, based on the provided subscription data.
Qualified Institutional Buyers (QIB) led the bidding on Day 3, with their reserved portion subscribed 48.82 times. The Non-Institutional Investors (NII) portion was subscribed 40.32 times, while the Individual Investor portion recorded 19.65 times subscription.
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| Date | QIB | NII | Individual | Total |
|---|---|---|---|---|
| Day 1 (September 10) | 0.00 | 0.85 | 0.22 | 0.29 |
| Day 2 (September 11) | 0.10 | 0.80 | 0.56 | 0.48 |
| Day 3 (September 15) | 48.82 | 40.32 | 19.65 | 32.41 |
Here are the subscription details for Maharaja & Speedex IPO Day 3, as of 5:06 PM:
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total |
|---|---|---|---|---|
| Anchor | 1 | 12,27,000 | 12,27,000 | 22.822 |
| Market Maker | 1 | 2,16,000 | 2,16,000 | 4.018 |
| QIB | 48.82 | 8,18,400 | 3,99,58,200 | 743.223 |
| NII | 40.32 | 6,13,800 | 2,47,48,800 | 460.328 |
| Individual | 19.65 | 14,32,800 | 2,81,49,600 | 523.583 |
| Total | 32.41 | 28,65,000 |
9,28,56,600 |
1,727.133 |
Key Highlights – Day 3
- Maharaja & Speedex IPO was subscribed 32.41 times overall by 5:06 PM on Day 3.
- The QIB portion led the bidding at 48.82 times.
- The NII portion was subscribed 40.32 times.
- The Individual Investor portion recorded 19.65 times subscription.
Key Highlights – Day 2
- Maharaja & Speedex IPO was subscribed 0.48 times overall on Day 2.
- The NII portion led the bidding at 0.80 times.
- The Individual Investor portion was subscribed 0.56 times.
- The QIB portion recorded 0.10 times subscription.
Key Highlights – Day 1
- Maharaja & Speedex IPO was subscribed 0.29 times overall on Day 1.
- The NII portion led the bidding at 0.85 times.
- The Individual Investor portion was subscribed 0.22 times.
- The QIB portion recorded 0.00 times subscription.
About Maharaja & Speedex
Maharaja & Speedex India Limited is engaged in the manufacture and sale of stainless-steel drinkware, catering to both its own brand and OEM/private-label customers. The company also operates the Dewdrop Bottles brand and has two manufacturing facilities in Sonipat. Its installed production capacity stands at approximately 45.24 lakh units per annum, with a product portfolio comprising 223 SKUs.
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