Maiden Forgings Limited IPO
BSE SMEListed On: Apr 6, 2023 at ₹ 63.0
₹ 252000 /4000 Shares
*Min Investment
23 Mar, 2023
Open Date27 Mar, 2023
Close Date31 Mar, 2023
Allotment Date06 Apr, 2023
Listing DateMaiden Forgings Limited IPO Issue Details
- Issue Price ₹60-63 per equity share
- Face Value ₹10 Per Equity Share
- Issue Price 3,784,000 shares(aggregating up to ₹23.84 Cr)
- Listing at BSE SME
- List Price 63.0
- Listing Date 2023-04-06
- Lead Manager Share India Capital Services Private Limited
- Registrar Maashitla Securities Pvt. Limited
Maiden Forgings Limited IPO Details
- Retail Portion N/A
Maiden Forgings Limited IPO Details
Maiden Forgings Limited IPO is an SME IPO, priced at ₹60-63 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform.
The IPO bidding window is open from Mar 23, 2023 to Mar 27, 2023. The allotment is expected to be finalized on Mar 31, 2023, and the tentative listing date is Apr 6, 2023.
The registrar of the IPO is Maashitla Securities Pvt. Limited, and
Maiden Forgings Limited IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 360,000 / 1,160,000 | 2,264,000 | 3,784,000 |
Day 1 23-03-23 06:00 PM | 0.48 / 0.36 x | 0.13 x | 0.23 x |
Day 2 24-03-23 06:00 PM | 0.48 / 0.98 x | 0.37 x | 0.56 x |
Day 3 27-03-23 06:00 PM | 1.00 / 1.42 x | 1.12 x | 1.20 x |
Maiden Forgings Limited Valuations
Maiden Forgings Limited Company Financials
| 31-Dec-22 | 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | |
|---|---|---|---|---|
| Assets | 12,595.69 | 11,014.23 | 10,484.25 | 9,890.05 |
| Revenue | 16,381.04 | 21,083.72 | 19,937.49 | 20,440.37 |
| Profit After Tax | 801.51 | 213.94 | 168.94 | 165.95 |
About Maiden Forgings Limited Company
Incorporated in 2005, Maiden Forgings Limited is engaged in manufacturing and selling ferrous metal products. The company manufactures steel bright bars, wires, profiles, collated pneumatic nails, and ground bars.
The company has three manufacturing plants, all located in Ghaziabad, Uttar Pradesh, India. The combined aggregated manufacturing capacity of these plants is 50,000 tons per annum.
Maiden Forgings has around 450+ B2B customers across the globe. The company sells its products from Original Equipment Manufacturers (OEM) to large manufacturing companies in different industry domains like Prestige TTK, Everest, UM Auto etc.
Maiden Forgings Limited has been awarded thrice recently in the year 2018 with the 'fastest growth in the business category' award through business sphere magazine conferred by Hon'ble cabinet minister Dr. Harshvardhan, heroes next door award in the year 2019 conferred by Hon'ble cabinet minister Gen. V.K. Singh and the most versatile company for steel Bright bar in India conferred by Business Sphere.
Maiden Forgings Limited - Promoter(s)
Mr. Nishant Garg
Ms. Nivedita Garg
Pre Issue Share Holding : 100%
Post Issue Share Holding : %
Maiden Forgings Limited IPO - Issue Objectives
Consolidation and expansion of the manufacturing facilities.
Working Capital and General Corporate Purpose.
Issue Expenses.
Maiden Forgings Limited IPO - FAQs
Ans. Maiden Forgings Limited IPO is a SME IPO. The issue is priced at ₹60-63 per equity share. The minimum order quantity is 2000 Shares. The IPO opens on Mar 23, 2023, and closes on Mar 27, 2023. Maashitla Securities Pvt. Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Ans. The Maiden Forgings Limited IPO opens on Mar 23, 2023 and closes on Mar 27, 2023.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Maiden Forgings Limited IPO is 3,784,000 shares(aggregating up to ₹23.84 Cr).
Ans. The Maiden Forgings Limited IPO price band is set between ₹60-63 per equity share.
Ans. To apply for Maiden Forgings Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Maiden Forgings Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Maiden Forgings Limited IPO is Mar 31, 2023.
Ans. The Maiden Forgings Limited IPO will be listed on Apr 6, 2023.
Ans. Follow the steps to check the Maiden Forgings Limited IPO allotment status online.
