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( As on 07/09/2026 20:20)

Maharaja & Speedex announces launch of initial public offering

Maharaja & Speedex India Ltd. has announced public offering of 4308000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 176.00 per share. The gross proceeds of the issue are expected to be Rs 8,012.88 lakhs.

The company's initial public offer (IPO) will open on 10 September 2026 and is expected to close on 15 September 2026, subject to customary closing conditions. The price band of the issue has been fixed at Rs 177.00-186.00 per share.

The IPO includes a fresh Issue of 4308000 Equity Shares of the Company at an price of Rs 186.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 600 shares with bids in multiples of 600.

Maharaja & Speedex India Ltd. anticipates using the proceeds of the issue for .

Choice Capital Advisors Pvt. Ltd. as lead manager & Maashitla Securities Pvt. Ltd. is the registrar, to the issue.

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