Maiden Forgings IPO GMP, Review, Price, Allotment

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Maiden Forgings IPO GMP 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
Maiden Forgings 2023

Promoters of Maiden Forgings – Mr. Nishant Garg and Ms. Nivedita Garg


Maiden Forgings IPO Details

Maiden Forgings IPO Dates23 – 27 March 2023
Maiden Forgings IPO PriceINR 60 – 63 per share
Fresh issue37,84,000 shares (INR 23.84 crore)
Offer For SaleNil
Total IPO size37,84,000 shares (INR 23.84 crore)
Minimum bid (lot size) 2,000 shares (INR 126,000)
Face Value INR 10 per share
Retail Allocation35%
Listing OnBSE SME

Maiden Forgings Financial Performance

 FY 2020FY 2021FY 20229M FY 2023
Revenue204.12199.24210.51163.52
Expenses202.10196.99207.90152.68
Net income1.661.692.148.02
Figures in INR Crores unless specified otherwise

Maiden Forgings Offer News


Maiden Forgings Valuations & Margins

FY 2020FY 2021FY 2022
EPS3.573.244.10
PE ratio14.63 – 15.37
RONW (%)7.775.836.87
NAV60.47
ROCE (%)19.6119.1716.97
Debt/Equity0.730.650.66
*Compiled by IPO Central from Prospectus

Maiden Forgings IPO GMP Today

DateConsolidated IPO GMPKostakSubject to Sauda
Coming soon

Maiden Forgings IPO Subscription – Live Updates

CategoryQIBNIIRetailTotal
Shares Offered360,0001,160,0002,264,0003,784,000
27 Mar 20231.001.421.121.20
24 Mar 20230.481.010.400.60
23 Mar 20230.480.360.130.23

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: 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: 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 Date23 March 2023
IPO Closing Date27 March 2023
Finalisation of Basis of Allotment29 March 2023
Initiation of refunds30 March 2023
Transfer of shares to demat accounts31 March 2023
Maiden Forgings IPO Listing Date6 April 2023
Opening Price on BSE SMEINR 62.95 per share (down 0.08%)
Closing Price on BSE SMEINR 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.

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