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
Peers
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
| DRHP | Download |
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: www.maashitla.com ;
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]
Website: https://maidenforgings.in/
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
Website: www.shareindia.com
SEBI Registration No.: INM000012537