Maiden Forgings Limited IPO
Maiden Forgings Limited is a BSE SME IPO listed on the BSE SME platform, priced at ₹60–₹63 per share. The stock debuted at ₹63 with a flat listing performance. The IPO had a lot size of ₹2000 shares and a minimum investment of ₹1,26,000.
Maiden Forgings Limited IPO
- IPO Dates
- Mar 23, 2023 – Mar 27, 2023
- Price band
- ₹60-63 per equity share
- Minimum Investment
- ₹1,26,000
- Issue size
- 3,784,000 shares(aggregating up to ₹23.84 Cr)
- Lot size
- 2000
- Allotment Date
- Mar 31, 2023
- Listing
- Apr 6, 2023
- Listing At
- BSE SME
IPO timeline
-
Mar 23, 2023
Open Date
Completed
-
Mar 27, 2023
Close Date
Completed
-
Mar 31, 2023
Allotment Date
Completed
-
Apr 6, 2023
Listing Date
Completed
Maiden Forgings Limited IPO Essentials
Maiden Forgings Limited IPO Details
Maiden Forgings Limited IPO is priced at ₹60-63 per share with a total issue size of 3,784,000 shares(aggregating up to ₹23.84 Cr). The IPO has a lot size of 2000 shares and is listed on BSE SME.
- Issue price
- ₹60-63 per equity share
- Lot size
- 2000 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 3,784,000 shares(aggregating up to ₹23.84 Cr)
- Listing at
- BSE SME
- List price
- 63.0
- Listing date
- Registrar
- Maashitla Securities Pvt. Limited
- Lead manager
-
Share India Capital Services Private Limited
Maiden Forgings Limited IPO Analytics
Maiden Forgings Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Maiden Forgings Limited IPO Subscription Status
Maiden Forgings Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| 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
Earnings
- EPS (Post IPO)
- ₹4.10/-
Returns
- RoNW
- 6.87%
Maiden Forgings Limited Financials( In Lakhs)
| 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 |
Maiden Forgings Limited Company & Offer Insights
About Maiden Forgings Limited
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 are the company's promoters of Maiden Forgings Limited.
Maiden Forgings Limited IPO Issue Objectives
- •
- Consolidation and expansion of the manufacturing facilities.
- •
- Working Capital and General Corporate Purpose.
- •
- Issue Expenses.
Contact Information
Frequently Asked Questions
Click any question to reveal the answer
Maiden Forgings Limited IPO is a book-built IPO worth ₹3,784,000 shares(aggregating up to ₹23.84 Cr). The price band is ₹60–₹63 per share. The IPO opens on Mar 23, 2023 and closes on Mar 27, 2023. It will be listed on BSE SME Platform. Maashitla Securities Pvt. Limited is the registrar.
The price band of Maiden Forgings Limited IPO is ₹60 to ₹63 per share.
The lot size of Maiden Forgings Limited IPO is 2000 shares.
The minimum investment for Maiden Forgings Limited IPO is approximately ₹1,26,000 based on the upper price band .
Maiden Forgings Limited IPO opens on Mar 23, 2023 and closes on Mar 27, 2023.
The allotment date of Maiden Forgings Limited IPO is Mar 31, 2023.
Maiden Forgings Limited IPO is expected to be listed on Apr 6, 2023, on BSE SME Platform.
Maiden Forgings Limited IPO valuation snapshot: P/E N/A, EPS ₹4.10/-, P/B N/A, RoNW 6.87%, and market cap N/A.
To apply for Maiden Forgings Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Maiden Forgings Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Maiden Forgings Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Maiden Forgings Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Maiden Forgings Limited IPO allotment status on IPO Ji for quick and easy access.