Maiden Forgings IPO GMP, Date, Price, Review, Allotment 2023

Maiden Forgings IPO

Table of Contents

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.

DateGMPKostakSubject 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.

ApplicationLot SizeSharesAmount
Retail Minimum12000₹126,000
Retail Maximum12000₹126,000
S-HNI Minimum24000₹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
YearRevenueExpensePAT
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/

Maiden Forgings IPO FAQs


What is Maiden Forgings IPO?

Maiden Forgings IPO is a BSE SME IPO. They are going to raise ₹23.84 Crores via IPO. The issue is priced at ₹60 to ₹63 per equity share. The IPO is to be listed on BSE.

When Maiden Forgings IPO will open?

The IPO is to open on March 23, 2023 for QIB, NII, and Retail Investors.

What is Maiden Forgings IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

How to Apply the Maiden Forgings IPO?

You can apply Maiden Forgings IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the Maiden Forgings IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Maiden Forgings”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Maiden Forgings IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Maiden Forgings”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the Maiden Forgings IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Maiden Forgings”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is Maiden Forgings IPO Size?

Maiden Forgings IPO size is ₹23.84 crores.

What is Maiden Forgings IPO Price Band?

Maiden Forgings IPO Price Band is ₹60 to ₹63 per equity share.

What is Maiden Forgings IPO Minimum and Maximum Lot Size?

The IPO bid is 2000 shares with ₹126,000.

What is Maiden Forgings IPO Allotment Date?

Maiden Forgings IPO allotment date is March 31, 2023.

What is Maiden Forgings IPO Listing Date?

Maiden Forgings IPO listing date is April 6, 2023. The IPO to list on BSE SME.

Note: The Maiden Forgings IPO details are announced officially. The IPO grey market premium (Maiden Forgings IPO Premium) is updated on the respective page. You can check our IPO grey market page for daily updates.)

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