Last updated on April 6, 2023
Maiden Forgings IPO description – Incorporated in 2005, Maiden Forgings is engaged in the business of manufacturing and sales 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 manufacturing facilities are spread over around 12,500 square yards of the land area having a combined aggregated manufacturing capacity of 50000 MT/p.a.
The company has three manufacturing plants, all located in Ghaziabad, Uttar Pradesh, India. The combined aggregated manufacturing capacity of its plants is 50,000 tons per annum.
The company supplies to a diversified portfolio of over 450 B2B customers including top tier-I & tier-II suppliers of major two-wheeler & four wheelers manufacturers. Its products form an important raw material base for the Original Equipment Manufacturers (OEMs) for B2B/B2C markets. Its products are further supplied by OEMs to marque clients like Prestige TTK, Everest, UM Auto, etc.
The product range manufactured by the company includes:
- Carbon steel bright bars: 2mm to 100mm
- Stainless steel bright Bars: 2mm to 100mm
- Alloy steel bright bars: 2mm to 100mm
- Carbon steel wires: 0.2mm to 22mm
- Stainless steel wires: 0.8mm to 22mm
- Alloy steel wires: 0.2mm to 22mm
- Profiles and ground bars in different sizes and shapes
- Collated pneumatic nails
Promoters of Maiden Forgings – Mr. Nishant Garg and Ms. Nivedita Garg
Maiden Forgings IPO Details
| Maiden Forgings IPO Dates | 23 – 27 March 2023 |
| Maiden Forgings IPO Price | INR 60 – 63 per share |
| Fresh issue | 37,84,000 shares (INR 23.84 crore) |
| Offer For Sale | Nil |
| Total IPO size | 37,84,000 shares (INR 23.84 crore) |
| Minimum bid (lot size) | 2,000 shares (INR 126,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | BSE SME |
Maiden Forgings Financial Performance
| Â | FY 2020 | FY 2021 | FY 2022 | 9M FY 2023 |
| Revenue | 204.12 | 199.24 | 210.51 | 163.52 |
| Expenses | 202.10 | 196.99 | 207.90 | 152.68 |
| Net income | 1.66 | 1.69 | 2.14 | 8.02 |
Maiden Forgings Offer News
- Maiden Forgings RHP
- Maiden Forgings Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Maiden Forgings Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 3.57 | 3.24 | 4.10 |
| PE ratio | – | – | 14.63 – 15.37 |
| RONW (%) | 7.77 | 5.83 | 6.87 |
| NAV | – | – | 60.47 |
| ROCE (%) | 19.61 | 19.17 | 16.97 |
| Debt/Equity | 0.73 | 0.65 | 0.66 |
Maiden Forgings IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| Coming soon | – | – | – |
Maiden Forgings IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
| Shares Offered | 360,000 | 1,160,000 | 2,264,000 | 3,784,000 |
| 27 Mar 2023 | 1.00 | 1.42 | 1.12 | 1.20 |
| 24 Mar 2023 | 0.48 | 1.01 | 0.40 | 0.60 |
| 23 Mar 2023 | 0.48 | 0.36 | 0.13 | 0.23 |
Maiden Forgings Offer Lead Manager
SHARE INDIA CAPITAL SERVICES PVT. LTD.
A-15, Sector-64,
Noida –201301, UP, India
Phone: +91-0120-4910000
Email: [email protected]
Website:Â www.shareindia.com
Maiden Forgings Offer Registrar
MAASHITLA SECURITIES PVT. LIMITED
451, Krishna Apra Business Square, Netaji
Subhash Place, Pitampura, Delhi, 110034
Telephone: +91-11-45121795-96
Email: [email protected]
Website:Â www.maashitla.com
Maiden Forgings Contact Details
MAIDEN FORGINGS LIMITED
B-5, Arihant Tower, Block D Market,
Vivek Vihar, East Delhi, New Delhi – 110092
Phone: +011-44796732
E-mail: [email protected]
Website: www.maidenforgings.in
Maiden Forgings IPO Allotment Status
Maiden Forgings IPO allotment status is now available on the Maashitla Securities website. Click on Maashitla Securities IPO weblink to get allotment status.
Maiden Forgings IPO Dates & Listing Performance
| IPO Opening Date | 23 March 2023 |
| IPO Closing Date | 27 March 2023 |
| Finalisation of Basis of Allotment | 29 March 2023 |
| Initiation of refunds | 30 March 2023 |
| Transfer of shares to demat accounts | 31 March 2023 |
| Maiden Forgings IPO Listing Date | 6 April 2023 |
| Opening Price on BSE SME | INR 62.95 per share (down 0.08%) |
| Closing Price on BSE SME | INR 60 per share (down 4.76%) |
Maiden Forgings IPO FAQs
What is Maiden Forgings offer size?
Maiden Forgings offer size is INR 23.84 crore.
What is Maiden Forgings IPO Price Band?
Maiden Forgings public offer price is INR 60 – 63 per share.
What is the lot size of Maiden Forgings IPO?
Maiden Forgings offer a lot size is 2,000 shares.
What is Maiden IPO GMP today?
Maiden Forgings IPO GMP today is INR NA per share.
What is Maiden kostak rate today?
Maiden Forgings kostak rate today is NA per application.
What is Maiden Subject to Sauda rate today?
Maiden Forgings Subject to Sauda rate today is INR NA per application.
