Maiden Forgings IPO Details: Maiden Forgings IPO date is fixed, The IPO will open on March 23 and will close on March 27, 2023. Maiden Forgings is a BSE SME IPO to raise ₹23.84 crores via IPO. The Maiden Forgings IPO price band is fixed at ₹60 to ₹63 with a market lot of 2000 shares.
Maiden Forgings Limited (MFL) is an ISO & PED certified Company and manufacturer of ferrous metal products. They specialize in all types of Bright steel bars, stainless steel bright bars & all grades of steel wires. The company has 30 years of vast experience in making its products.
Maiden Forgings’ corporate office and plant are located in Ghaziabad (Delhi- NCR) with the manufacturing capacity of these plants being 50,000 tons per annum. A few of their clients are Hero, Yamaha, Hyundai, Honda, Maruti Suzuki, Toyota, Volkswagen, Volvo, etc. (Clients as per their official website). They have over 450 B2B customers and sells its products from Original Equipment Manufacturers (OEM) to large manufacturing companies in different industry domains like Prestige TTK, Everest, UM Auto etc.
Objects of the Issue:
- Strategic Investment and Acquisitions.
- Investment in Subsidiaries.
- To Meet Working Capital Requirements.
- General Corporate Purposes.
- Issue Expenses.
Maiden Forgings IPO Review
- May Apply
Maiden Forgings IPO GMP Live Rates day by day with Kotak rates.
| Date | GMP | Kostak | Subject to |
| 6 April | +-₹4 | ₹- | ₹- |
Maiden Forgings IPO Date & Price Band Details
| IPO Open: | March 23, 2023 |
| IPO Close: | March 27, 2023 |
| IPO Size: | Approx ₹23.84 Crores, 3,784,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹60 to ₹63 Per Equity Share |
| IPO Listing on: | BSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
Maiden Forgings IPO Market Lot
The Maiden Forgings IPO minimum market lot is 2000 shares with a ₹126,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 2000 | ₹126,000 |
| Retail Maximum | 1 | 2000 | ₹126,000 |
| S-HNI Minimum | 2 | 4000 | ₹252,000 |
Maiden Forgings IPO Dates
The Maiden Forgings IPO date is March 23 and the IPO close date is March 27. The IPO allotment date is March 31 and the IPO might list on April 6.
| IPO Open Date: | March 23, 2023 |
| IPO Close Date: | March 27, 2023 |
| Basis of Allotment: | March 31, 2023 |
| Refunds: | April 3, 2023 |
| Credit to Demat Account: | April 5, 2023 |
| IPO Listing Date: | April 6, 2023 |
Maiden Forgings IPO Promoter Holding
- Pre Issue Share Holding: 100%
- Post Issue Share Holding:
You can check IPO subscription status and IPO allotment status on their respective pages.
Maiden Forgings IPO Form
How to apply Maiden Forgings IPO? You can apply Maiden Forgings IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Maiden Forgings IPO in the Invest section. The other option you can apply Maiden Forgings IPO via IPO forms download via the BSE website. Check out the Maiden Forgings forms – click BSE IPO Forms download, fill and submit in your bank or with your broker.
Maiden Forgings Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2020 | ₹204 | ₹202 | ₹1.66 |
| 2021 | ₹199 | ₹197 | ₹1.69 |
| 2022 | ₹211 | ₹208 | ₹2.14 |
| 2023 9M | ₹164 | ₹153 | ₹8.02 |
Maiden Forgings IPO Valuation – FY2022
Check Maiden Forgings IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹4.10 per Equity Share |
| Price/Earning P/E Ratio: | NA |
| Return on Net Worth (RoNW): | 6.87% |
| Net Asset Value (NAV): | ₹60.47 per Equity Share |
Peer Group
- Bharat Wire Ropes Ltd.
- Geekay Wires Ltd.
- Metal Coatings (India) Ltd.
Company Promoters
- Mr. Nishant Garg
- Ms. Nivedita Garg
Maiden Forgings IPO Registrar
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
Maiden Forgings IPO Allotment Status
Check Maiden Forgings IPO allotment status on Maashitla website URL. Click Here
Maiden Forgings IPO Lead Managers
- Share India Capital Services Private Limited
Company Address
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/
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