IPO

Maiden Forgings Limited IPO

BSE SME

Listed On: Apr 6, 2023 at ₹ 63.0

₹ 126000 /2000 Shares

Maiden Forgings Limited IPO Details

23 Mar, 2023

Open Date

27 Mar, 2023

Close Date

31 Mar, 2023

Allotment Date

06 Apr, 2023

Listing Date

Issue Price

₹60-63 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE SME

Registrar

Maashitla Securities Pvt. Limited

List Price

63.0

Listing Date

2023-04-06

Market Lot

2000 Shares (₹126,000/-)

Lead Manager

Share India Capital Services Private Limited

Issue Size

3,784,000 shares(aggregating up to ₹23.84 Cr)

Retail Portion

N/A

Subscription

1.20 times

IPO Docs

DRHP RHP

Maiden Forgings Limited IPO Subscription Details

As onQIB / NIIRetailTotal
Shares Offered / Reserved360,000 / 1,160,0002,264,0003,784,000
Day 1 - 23-03-23 06:00 PM0.48 / 0.36 x0.13 x0.23 x
Day 2 - 24-03-23 06:00 PM0.48 / 0.98 x0.37 x0.56 x
Day 3 - 27-03-23 06:00 PM1.00 / 1.42 x1.12 x1.20 x

Maiden Forgings Limited Valuations

Earnings Per Share (EPS)

₹4.10/-

P/E Ratio

N/A

RoNW

6.87%

Net Asset Value (NAV) - Post Issue

₹60.47/-

Maiden Forgings Limited Company Financials All values are in ₹ Lakh

31-Dec-2231-Mar-2231-Mar-2131-Mar-20
Assets12,595.6911,014.2310,484.259,890.05
Revenue16,381.0421,083.7219,937.4920,440.37
Profit After Tax801.51213.94168.94165.95

About The 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.

Read More

Maiden Forgings Limited - Promoter(s)

Pre Issue Share Holding: 100%

Post Issue Share Holding: %

Company Promoter(s)

  1. Mr. Nishant Garg
  2. Ms. Nivedita Garg

Maiden Forgings Limited IPO - Issue Objectives

  1. Consolidation and expansion of the manufacturing facilities.
  2. Working Capital and General Corporate Purpose.
  3. 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. The size of Maiden Forgings Limited IPO is 3,784,000 shares(aggregating up to ₹23.84 Cr).

Ans. The IPO price band is set between ₹60-63 per equity share.

Ans. To apply for Maiden Forgings Limited IPO 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 allotment status for Maiden Forgings Limited IPO here.