Maiden Forgings IPO Subscription Status – IPO Closed

Maiden Forgings IPO

Table of Contents

Maiden Forgings IPO subscription status started on Thursday March 23, 2023 and will close on March 27, 2023. Maiden Forgings IPO to raise around ₹23.84 crores via IPO. The retail quota is 35%, QIB is 50%, and NII is 15%. The price band is fixed at ₹60 to ₹63 per equity share.

The Maiden Forgings IPO minimum market lot is 2000 shares with ₹126,000 application amount. The IPO to list on BSE.

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.

IPOWatch View

We recommend investors may apply an IPO with Longterm views Investors should also look at the QIB, NII, and Retail numbers before investing.

Maiden Forgings IPO Subscription Status – Closed

CategoryDay 1Day 2Day 3
QIB0.480.481.00
NII0.360.471.42
RII0.130.271.12
Total0.230.351.20

Maiden Forgings IPO Investor Categories

  • Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
  • Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
  • Retail Individual Investors (RII): Retail Individual Investors or NRIs
  • Employee (EMP): Eligible Employees
  • Others: Eligible Shareholders

Maiden Forgings IPO Review

  • May Apply

Maiden Forgings IPO Date & Price Band

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

ApplicationLot SizeSharesAmount
Retail Minimum12000₹126,000
Retail Maximum12000₹126,000
S-HNI Minimum24000₹252,000

Maiden Forgings IPO Subscription Dates

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 Form

How to apply for the Maiden Forgings IPO? You can apply for 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 is you can apply for Maiden Forgings IPO via IPO forms downloaded via BSE. Check out the Maiden Forgings forms – Click BSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.

Maiden Forgings IPO Subscription Status FAQs:


When Maiden Forgings IPO Subscription will start?

The IPO subscription starts on March 23, 2023 for QIB, NII, and Retail Investors.

How to subscribe Maiden Forgings IPO?

You can go with ASBA and Non-ASBA options for a subscription. Go to your bank account and apply for IPO online via ASBA or download the form online or get the physical form and submit the filled form to your broker or bank.

How do I check live Maiden Forgings IPO Subscription Numbers Today?

One can visit our portal for live IPO subscription numbers that we are updating hourly basis from the official websites. One can check the live subscription on official websites on the particular IPO page.

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 the Maiden Forgings IPO Allotment Date?

Maiden Forgings IPO allotment date is March 31, 2023.

What is the Maiden Forgings IPO Listing Date?

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

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