Maiden Forgings Limited IPO (Maiden Forgings IPO)

Maiden Forgings Limited IPO
Upcoming Maiden Forgings IPO | New Maiden Forgings IPO

Maiden Forgings Limited is engaged in manufacturing and selling ferrous metal products. The company manufactures steel bright bars, wires, profiles, collated pneumatic nails, and ground bars.

The company 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.

Maiden Forgings 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. 

Maiden Forgings Limited 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 IPO

Maiden Forgings IPO – Details

IPO Opening Date23 March 2023
IPO Closing Date27 March 2023
Issue TypeBook Built Issue IPO
Issue Size37,84,000 Shares Worth ₹23.84 Crore
Fresh Issue: 37,84,000 Shares Worth ₹23.84 Crore
Face Value₹10 per equity share
IPO Price₹60 – ₹63
Market Lot2000 Shares
Min Order2000 Shares (1 Lot)
Listing AtBSE SME
RegisterMaashitla Securities Pvt. Limited
QIB Shares Offered50%
Retail Shares Offered35%
NII (HNI) Shares Offered15%

Maiden Forgings IPO – Date Schedule

IPO Open Date23 March 2023
IPO Close Date27 March 2023
Basis of Allotment31 March 2023
Initiation of Refunds03 April 2023
Credit of Shares to Demat Account05 April 2023
IPO Listing Date06 April 2023

Maiden Forgings IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)

Competitive Strengths

  • Qualified & Experienced Management who lead the company to scale up and expand into new opportunities;
  • Dedicated tech support team to provide services/ solutions to their customers;
  • Strong marketing.
  • Quality and focus on customer satisfaction;
  • Networking strength.
  • Technology, research and development and know-how;
  • Scalable business model with satisfactory track record.

Company Promoters

  • Mr. Nishant Garg
  • Ms. Nivedita Garg

Object Of The Issue

  • Consolidation and expansion of the manufacturing facilities;
  • Working Capital and General Corporate Purpose;
  • Issue Expenses.
Maiden Forgings IPO
Issue Object

Company Financial

ParticularsTotal RevenueTotal ExpenseProfit After Tax
31 March 2020204.40202.101.65
31 March 2021199.37196.991.68
31 March 2022210.83207.892.13
31 December 2022163.81152.678.01
Amount in ₹ Crore

Maiden Forgings IPO Promoter Holding

Pre Issue Share Holding100.00%
Post Issue Share Holding

Maiden Forgings IPO Prospectus

Company Contact Information

Maiden Forgings Limited

B-5, Arihant Tower,
Block D Market, Vivek Vihar,
East Delhi, New Delhi – 110092

Phone: +011-44796732

Maiden Forgings IPO Registrar

Maashitla Securities Pvt. Limited.

Phone: : +91-11-45121795-96

Maiden Forgings IPO Lead Manager(s)

1. Share India Capital Services Pvt Ltd

Maiden Forgings IPO FAQs

Maiden Forgings IPO FAQs
What is Maiden Forgings IPO?

Maiden Forgings IPO is a SME IPO. The issue is priced at ₹63 per equity share. The IPO is to be listed on BSE SME.
When Maiden Forgings IPO will open?

The IPO is to open on  23 March 2023 for QIB, NII and Retail Investors.
What is Maiden Forgings IPO Investors Portion?

The investors portion for QIB-50%, NII-15%, and Retail-35%.
How to Maiden Forgings IPO?

You can apply Maiden Forgings IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
How to Apply the Maiden Forgings IPO through 5 Paisa?

Log in to 5 Paisa 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 5 Paisa.
How to Apply the Maiden Forgings IPO through Edelweiss?

Log in to Angle One 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 Edelweiss.
What is Maiden Forgings IPO Size?

Maiden Forgings IPO size is ₹[] crores.
What is Maiden Forgings IPO Price Band?

Maiden Forgings IPO Price Band is ₹63.
What is Maiden Forgings IPO Minimum and Maximum Lot Size?

The minimum bid is 2000 Shares with ₹1,26,000 amount while the maximum bid is 2000 shares with  ₹1,26,000.
What is the Maiden Forgings IPO Allotment Date?

Maiden Forgings IPO allotment date is  31 March 2023.
What is the Maiden Forgings IPO Listing Date?

Maiden Forgings IPO listing date is 06 April 2023. The IPO is to list on BSE SME.
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