Maiden Forgings IPO Date, GMP, Review, Price, Form & Market Lot Details

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 established in 2005.

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.

Check :- Upcoming SME IPO 2023


1) Geekay Wires Ltd.
2) Bharat Wire Ropes Ltd
3) Metal Coatings (India) Ltd

Maiden Forgings IPO Promotors

1) Nishant Garg
2) Nivedita Garg

Maiden Forgings IPO Date, Details & Price Band

IPO Opening Dates 23 Mar 2023
IPO Closing Dates 27 Mar 2023
Price Band 63 Rs Per Share
Fresh issue 23.84 Crore
Offer for Sale NIl
Total IPO size 23.84 Crore
Minimum bid (lot size) 2000 Shares
Face Value 10 INR Per Share
QIB 50%
Retail Allocation 35%
Non-Institutional 15%
Listing On BSE SME

Maiden Forgings IPO Market Lot

The Maiden Forgings IPO minimum market lot is 2000 shares With 1,26,000 ₹ Amount per application.

Lot No of Shares Amount
Minimum 1 2000 1,26,000 Rs
Maximum 1 2000 1,26,000 Rs
S-HNI (Min) 2 4000 2,52,000 Rs

Restated Financial Record of the one year (Amt. in Lakhs)

Total Assets Total Revenue Profit After Tax
31-Mar-20 9,890.05 20,440.37 165.95
31-Mar-21 10,484.25 19,937.49 168.94
31-Mar-22 11,014.23 21,083.72 213.94
EPS (₹) NAV (₹) RoNW (%) borrowings (Lakhs)
31-Mar-20 3.57 47.31 7.77 5788.13
31-Mar-21 3.24 56.46 5.83 5428.93
31-Mar-22 4.10 60.47 6.87 6170.75

Maiden Forgings IPO GMP Grey Market Premium

Maiden Forgings IPO GMP Grey market premium has been started today. Check Latest Maiden Forgings IPO GMP Grey market premium, Kostak Rates and Subject to Sauda Price here.

Maiden Forgings IPO Prospectus

Maiden Forgings IPO
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Maiden Forgings IPO Reviews

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Maiden Forgings IPO Form Download

Maiden Forgings IPO is available on BSE Website as well as on our Portal. Please click here Maiden Forgings IPO form Download.

Maiden Forgings IPO Allotment Date & Details

Allotment Date 31 Mar 2023
Initiation of refunds 03 Apr 2023
Transfer of shares to Demat accounts 05 Apr 2023
Listing Date 06 Apr 2023
Check Allotment Status Click here

Registrar of Maiden Forgings IPO

Maashitla Securities Pvt. Limited.
Address: 451, Krishna Apra Business Square, Netaji
Subhash Place, Pitampura, Delhi, 110034
Tel No: +91-11-45121795-96;
Contact Person: Mr. Mukul Agrawal
Email: [email protected]
Website: ;
SEBI Registration No.: INZ000006635

Maiden Forgings Contact Details

Maiden Forgings Limited
B-5, Arihant Tower,
Block D Market, Vivek Vihar,
East Delhi, New Delhi – 110092
Phone: +011-44796732
Email: [email protected]

Maiden Forgings IPO Lead Managers

Share India Capital Services Pvt. Ltd.
Address: A-15, Sector-64, Noida –
201301, UP, India.
Tel No.: +91-0120-4910000
Email: [email protected]
Contact Person: Mr. Anand Srivastava
SEBI Registration No.: INM000012537

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