Maiden Forgings Limited IPO
Note: Maiden Forgings Limited IPO is a BSE SME IPO. They are going to raise ₹23.84 Crores via IPO. The issue is a price range of ₹60 to ₹63 per Equity Share. The IPO is to be listed on BSE SME.
Maiden Forgings Limited is established in 2005, the company is engaged in manufacturing and selling ferrous metal products. The company manufactures steel bright bars, wires, profiles, collated pneumatic nails, ground bars, wires, profiles, and collated pneumatic nails.
Maiden Forgings has three manufacturing plants, all located in Ghaziabad, Uttar Pradesh, India. The combined aggregated manufacturing capacity of these plants is 50,000 tons per annum.
The company has around 450+ B2B customers across the globe. The company sells its products from Original Equipment Manufacturers (OEM) to large manufacturing companies in different industry domains like Prestige TTK, Everest, UM Auto, etc.
The company has been awarded thrice recently in the year 2018 with the ‘fastest growth in the business category’ award through business sphere magazine conferred by Hon’ble cabinet minister Dr. Harshvardhan, “heroes next door award” in the year 2019 conferred by Hon’ble cabinet minister Gen. V.K. Singh and the “most versatile company for steel Bright bar in India” conferred by Business Sphere.
Maiden Forgings Limited IPO Financial Reports
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 9,890.05 | 20,440.37 | 165.95 | 2,136.92 | 1,672.02 | 5,788.13 |
| 31-Mar-21 | 10,484.25 | 19,937.49 | 168.94 | 2,899.11 | 2,377.71 | 5,428.93 |
| 31-Mar-22 | 11,014.23 | 21,083.72 | 213.94 | 3,113.05 | 2,591.65 | 6,170.75 |
| 31-Dec-22 | 12,595.69 | 16,381.04 | 801.51 | 3,914.56 | 2,871.76 | 6,525.17 |
| Amount in ₹ Lakhs | ||||||
Maiden Forgings IPO Date & Price Band
| IPO Open: | March 23, 2023 |
| IPO Close: | March 27, 2023 |
| IPO Size: | Approx ₹23.84 Crores |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹60 to ₹63 per Equity Share |
| IPO Listing on: | BSE SME |
| Retail Quota: | 60% |
| QIB Quota: | 10% |
| NII Quota: | 30% |
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Maiden Forgings IPO Market Lot
The Maiden Forgings IPO lot size is 2000 shares. A retail-individual investor can apply for up to 1 lot (2000 shares or ₹126,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹126,000 |
| Retail (Max) | 1 | 2000 | ₹126,000 |
| HNI (Min) | 2 | 4,000 | ₹252,000 |
Maiden Forgings IPO Allotment & Listing Dates
Maiden Forgings IPO opens on Mar 23, 2023, and closes on Mar 27, 2023. The IPO allotment date is March 28 and the Maiden Forgings IPO listing is April 06, 2023.
| Event | Tentative Date |
|---|---|
| Opening Date | Mar 23, 2023 |
| Closing Date | Mar 27, 2023 |
| Basis of Allotment | Mar 31, 2023 |
| Initiation of Refunds | Apr 3, 2023 |
| Credit of Shares to Demat | Apr 5, 2023 |
| Listing Date | Apr 6, 2023 |
| UPI Mandate Confirmation Cut-Off Time | 5.00 PM on the issue closing day |
Maiden Forgings IPO Prospectus
Official website of Maiden Forgings Limited
Maiden Forgings Limited Official Website is https://maidenforgings.in/
The registered address of Maiden Forgings Limited
Maiden Forgings Limited
B-5, Arihant Tower,
Block D Market, Vivek Vihar,
East Delhi, New Delhi – 110092
Phone: +011-44796732
Email: cs@maidenforgings.in
Website: https://maidenforgings.in/
Maiden Forgings IPO Company Promoter
- Mr. Nishant Garg and Ms. Nivedita Garg are the company promoters.
Maiden Forgings IPO Registrar
Maashitla Securities Pvt. Limited
Phone: +91-11-45121795-96
Email: mukul@maashitla.com
Website: https://www.maashitla.com/
Maiden Forgings IPO Lead Managers
- Share India Capital Services Private Limited
Maiden Forgings IPO (FAQs):
Question: What is Maiden Forgings IPO?
Question: What is Maiden Forgings IPO?
Question: When will Maiden Forgings Limited IPO open?
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Question: What is Maiden Forgings Limited IPO Size?
Question: What is Maiden Forgings Limited IPO Price Band?
Question: What is Maiden Forgings Limited IPO Minimum and Maximum Lot Size?
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹126,000 |
| Retail (Max) | 1 | 2000 | ₹126,000 |
| HNI (Min) | 2 | 4,000 | ₹252,000 |
Question: What is Maiden Forgings Limited IPO Allotment?
Question: What is Maiden Forgings Limited IPO Listing?
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