Established in 2005, Maiden Forgings Limited is a leading manufacturer and supplier of ferrous metal products. The company specializes in producing steel bright bars, wires, profiles, collated pneumatic nails, and ground bars.
Strategically located in Ghaziabad, Uttar Pradesh, India, Maiden Forgings operates three state-of-the-art manufacturing plants. The combined annual manufacturing capacity of these facilities stands at an impressive 50,000 tons.
Catering to a diverse global clientele, the company boasts a customer base of over 450+ B2B clients. Its products are sought after by Original Equipment Manufacturers (OEMs) and large manufacturing companies across various industry domains, including prestigious names like Prestige TTK, Everest, UM Auto, and more.
Maiden Forgings Limited has garnered recognition for its exceptional performance and growth in recent years. In 2018, the company was honored thrice, receiving the ‘Fastest Growth in the Business Category’ award from Business Sphere magazine, conferred by Hon’ble Cabinet Minister Dr. Harshvardhan. In 2019, Maiden Forgings received the esteemed “Heroes Next Door Award” from Hon’ble Cabinet Minister Gen. V.K. Singh. Additionally, it was recognized as the “Most Versatile Company for Steel Bright Bar in India” by Business Sphere.
With a commitment to excellence and a proven track record of delivering high-quality ferrous metal products, Maiden Forgings Limited continues to shine as a reliable and versatile player in the industry, earning accolades and trust from its esteemed clientele.
Maiden Forgings Ltd Stock Quote #
- Open: ₹86.00
- High – Low: ₹92.00 – ₹86.00
- Previous Close: ₹86.00
- Total Traded Value: 48,000
- 52 Weeks High: ₹115.14 (Jun 13, 2023)
- 52 Weeks Low: ₹54.03 (Apr 11, 2023)
- Updated On: Jul 24, 2023 4:00 PM
Maiden Forgings IPO Details #
| IPO Date | Mar 23, 2023 to Mar 27, 2023 |
| Listing Date | Apr 6, 2023 |
| Face Value | ₹10 per share |
| Price | ₹60 to ₹63 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 3,784,000 shares (aggregating up to ₹23.84 Cr) |
| Fresh Issue | 3,784,000 shares (aggregating up to ₹23.84 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 190,000 shares Share India Securities |
Maiden Forgings IPO Reservation #
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 190,000 (4.78%) |
| QIB Shares Offered | 360,000 (9.06%) |
| NII (HNI) Shares Offered | 970,000 (24.41%) |
| Retail Shares Offered | 2,264,000 (56.97%) |
| Total Shares Offered | 3,974,000 (100%) |
Maiden Forgings IPO Timetable (Tentative) #
Maiden Forgings IPO opens on Mar 23, 2023, and closes on Mar 27, 2023.
| Event | Tentative Date |
|---|---|
| Opening Date | Thursday, 23 March 2023 |
| Closing Date | Monday, 27 March 2023 |
| Basis of Allotment | Friday, 31 March 2023 |
| Initiation of Refunds | Monday, 3 April 2023 |
| Credit of Shares to Demat | Wednesday, 5 April 2023 |
| Listing Date | Thursday, 6 April 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mar 27, 2023 |
Maiden Forgings IPO Lot Size #
The Maiden Forgings IPO lot size is 2000 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹126,000 |
| Retail (Max) | 1 | 2000 | ₹126,000 |
| HNI (Min) | 2 | 4,000 | ₹252,000 |
| Lot Size Calculator | |||
Maiden Forgings IPO Promoter Holding #
Mr. Nishant Garg and Ms. Nivedita Garg are the company promoters.
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.37% |
Company Financials #
| 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 | ||||||
Key Performance Indicator #
| KPI | Values |
|---|---|
| P/E (x) | 8.38 |
| Market Cap (₹ Cr.) | 89.54 |
Objects of the Issue #
The company intends to utilize the proceeds of the Issue to meet the following objects:
1. Consolidation and expansion of the manufacturing facilities.
2. Working Capital and General Corporate Purpose.
3. Issue Expenses.
Maiden Forgings IPO Subscription Status (Bidding Detail) #
The Maiden Forgings IPO is subscribed 1.20 times on Mar 27, 2023 7:02:00 PM. The public issue subscribed 1.12 times in the retail category, 1.00 times in the QIB category, and 1.42 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 1.00 |
| NII | 1.42 |
| Retail | 1.12 |
| Total | 1.20 |
Total Application : 1,358 (1.20 times)
Maiden Forgings IPO Prospectus #
Maiden Forgings IPO Listing Details #
| Listing Date | Apr 6, 2023 |
| BSE Script Code | 543874 |
| NSE Symbol | |
| ISIN | INE0O1T01010 |
| Final Issue Price | ₹63 per share |
Listing Day Trading Information #
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹63.00 |
| ₹63.00 |
| ₹59.85 |
| ₹63.00 |
| ₹59.86 |
Check IPO Performance…
Company Contact Information #
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 Registrar #
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: mukul@maashitla.com
Website: http://
Maiden Forgings IPO Lead Manager(s) #
Frequently Asked Questions for Maiden Forgings IPO #
When does the Maiden Forgings IPO open and close? #
The Maiden Forgings IPO opens on March 23, 2023, and closes on March 27, 2023.
What is the IPO price and face value of Maiden Forgings IPO? #
The IPO price of Maiden Forgings is set at ₹60 to ₹63 per equity share, and the face value is ₹10 per share.
What is the IPO size and lot size of Maiden Forgings IPO?
The Maiden Forgings IPO size is ₹23.84 Crores, and the lot size is 2000 shares.
Where will Maiden Forgings IPO be listed? #
Maiden Forgings IPO will be listed on BSE SME on April 6, 2023.
What is the subscription status of Maiden Forgings IPO? #
As of the latest update, the IPO has been subscribed 1.20 times, with Qualified Institutional Buyers (QIB) subscribing 1.00 times, Non-Institutional Investors (NII) subscribing 1.42 times, and Retail Individual Investors (RII) subscribing 1.12 times.
What are the manufacturing products and plants of Maiden Forgings? #
Maiden Forgings Limited is engaged in manufacturing and selling ferrous metal products, including steel bright bars, wires, profiles, collated pneumatic nails, and ground bars. The company has three manufacturing plants located in Ghaziabad, Uttar Pradesh, with a combined aggregated manufacturing capacity of 50,000 tons per annum.
What is the IPO allotment date for Maiden Forgings IPO? #
The basis of allotment for Maiden Forgings IPO is scheduled for March 31, 2023.
How can I check the allotment status of Maiden Forgings IPO? #
The allotment status of Maiden Forgings IPO will be available on March 31, 2023. You can check it online by visiting the IPO registrar’s website and entering either your PAN number, Application Number, or DP Client ID of the demat account.
Please note that the information provided here is based on the available data and may be subject to change.
