Maiden Forgings IPO Subscription Status [ Final ]

The Maiden Forgings IPO has begun on 23-Mar 2023. It will close on 27-Mar 2023. The Total IPO Size is 23.84 Crore. The company set its IPO price is 63 Rs Per Share. Basically, There are three basic categories in Maiden Forgings IPO Subscription 1) Non-Institutional Investors 2) Retail Individual Investors (RIIs) 3) QIB

Maiden Forgings is in the business of manufacturing and sales of diversified ferrous metal products and focuses on providing customized and specialized solutions to a diverse client base across different industries.

Maiden specializes in design and manufacture of different type of ferrous metal products including carbon steel, stainless-steel and alloy steel, mainly in the form of drawn products like bright bars, wires, profiles and ground bars. Its fully integrated infrastructure consists of steel melting shops, rolling mills and finishing machines installed at its three manufacturing facilities (Unit-1, II & III), located at Kavi Nagar Industrial Area, Ghaziabad, Uttar Pradesh. These manufacturing facilities are spread over around 12,500 square yards land area having combined aggregated manufacturing capacity of 50000 MT/p.a.

Latest News Update: Maiden Forgings IPO Subscription Status Live
  • Maiden Forgings IPO subscribed 1.20 times, retail portion booked 1.12 times on day 3 day.
  • The QIB 1.00,NII 1.42 times Subscribed on day 3.

Maiden Forgings IPO Subscription Status

Day 1 (times) Day 2 (times) Day 3 (times)
QIB 0.48 0.48 1.00
NII 0.36 0.98 1.42
Retail 0.13 0.37 1.12
Total 0.23 0.56 1.20

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