Mumbai, Sept. 18 -- The scrip was listed at Rs 250, a 34.41% premium to the initial public offer (IPO) price. The stock is currently frozen at its upper limit of 5% over its listing price.

The counter hit a high of Rs 262.50 and a low of Rs 240. About 22.75 lakh shares of the company changed hands at the counter.

Maharaja & Speedex India's IPO was subscribed 30.21 times. The issue opened for bidding on 10 September 2026 and it closed on 15 September 2026. The price band of the IPO was between Rs 177 - 186 per share.

The IPO comprised fresh issue of 22,19,400 equity shares and offer for sale of 8,61,600 shares.

The company proposes to utilise the net proceeds from the issue towards the repayment and/or pre-payment, in full or in part, ...