New Delhi, Sept. 10 -- The SME IPO of Maharaja & Speedex initial public offering (IPO) has been receiving strong interest from net institutional investors (NII) on the first day of its subscription, i.e. Thursday, September 10. Maharaja & Speedex India's IPO gmp today (grey market premium) signals 16% listing gain.

The IPO is a combination of fresh issue of 34.46 lakh shares aggregating to Rs.64.10 crores and an offer for sale (OFS) of 8.62 lakh shares, equivalent to Rs.16.03 crores.

Maharaja & Speedex India SME IPO's grey market premium stood at Rs.30, as on September 10. The IPO's grey market premium hints at an estimated listing price of Rs.216 per share (which is the sum of upper price band Rs.186 per share and IPO GMP today).

Maha...