Maharaja & Speedex India IPO: GMP Hints at 16% Listing Gain as Subscription Opens
Source: GNews IPO
Arth Insight · What this means for your wallet
- The IPO price band is set at ₹112-₹118 per share.
- Grey market signals suggest a potential 16% listing pop on the debut day.
- Retail investors need a minimum of ₹1,41,600 to apply for one lot.
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Explore investmentsThe SME IPO of Maharaja & Speedex India has opened for public subscription with a price band of ₹112 to ₹118 per share. Market observers report a Grey Market Premium (GMP) of ₹19, suggesting a potential listing gain of over 16% for early investors.
- ▸The IPO price band is set at ₹112-₹118 per share.
- ▸Grey market signals suggest a potential 16% listing pop on the debut day.
- ▸Retail investors need a minimum of ₹1,41,600 to apply for one lot.
- ▸Subscription closes on February 12, 2025, with listing expected on February 17.
- ✓The IPO price band is set at ₹112-₹118 per share.
- ✓Grey market signals suggest a potential 16% listing pop on the debut day.
- ✓Retail investors need a minimum of ₹1,41,600 to apply for one lot.
- ✓Subscription closes on February 12, 2025, with listing expected on February 17.
IPO Details and Subscription Timeline
Maharaja & Speedex India Limited has launched its Initial Public Offering (IPO) in the SME segment, aiming to raise capital for its expansion and working capital requirements. The public issue is open for subscription from February 10, 2025, to February 12, 2025. The company has fixed the price band at ₹112 to ₹118 per equity share, with a face value of ₹10 each.
Issue Size and Lot Structure
The total issue size consists of a fresh issue of shares, and the company intends to list on the NSE SME platform. For retail investors, the minimum lot size is fixed at 1,200 shares, requiring a minimum investment of ₹1,41,600 at the upper price band. High Net-worth Individuals (HNIs) are required to bid for at least two lots (2,400 shares), amounting to ₹2,83,200.
Grey Market Premium (GMP) and Market Sentiment
As of the first day of bidding, the Grey Market Premium (GMP) for Maharaja & Speedex India is hovering around ₹19 per share. Based on the upper price band of ₹118, this indicates an estimated listing price of ₹137, representing a potential gain of approximately 16.10% for successful allottees. However, it is important to note that GMP is an unofficial indicator and subject to market volatility.
Company Profile and Financials
Maharaja & Speedex India is a prominent player in the household products and kitchenware segment. The proceeds from the fresh issue will be utilized to fund the purchase of new machinery, meet working capital needs, and cover general corporate purposes. The company has shown steady financial growth, which has contributed to the positive sentiment surrounding the IPO.
Key Dates for Investors
Following the closing of the subscription window on February 12, the basis of allotment is expected to be finalized on February 13, 2025. Unsuccessful bidders will likely receive refunds by February 14, while shares will be credited to the demat accounts of successful investors on the same day. The tentative listing date on the NSE SME exchange is scheduled for February 17, 2025.
This report is for informational purposes only and does not constitute financial advice. IPO investments are subject to market risks.
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IPO investments are subject to market risk and allotment. Read the RHP / prospectus before applying; grey-market premium (GMP) is unofficial and unreliable. Some listings may be sponsored. Not investment advice.
Frequently Asked Questions
What is the lot size for Maharaja & Speedex India IPO?
The minimum lot size is 1,200 shares, which costs ₹1,41,600 at the upper price band of ₹118.
When will the Maharaja & Speedex IPO list on the exchange?
The tentative listing date for the IPO on the NSE SME platform is February 17, 2025.
What does the current GMP indicate for investors?
The current GMP of ₹19 suggests a listing price of ₹137, offering a potential profit of 16% over the issue price.
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