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 – Details
| IPO Opening Date | 23 March 2023 |
| IPO Closing Date | 27 March 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 37,84,000 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 Lot | 2000 Shares |
| Min Order | 2000 Shares (1 Lot) |
| Listing At | BSE SME |
| Register | Maashitla Securities Pvt. Limited |
| QIB Shares Offered | 50% |
| Retail Shares Offered | 35% |
| NII (HNI) Shares Offered | 15% |
Maiden Forgings IPO – Date Schedule
| IPO Open Date | 23 March 2023 |
| IPO Close Date | 27 March 2023 |
| Basis of Allotment | 31 March 2023 |
| Initiation of Refunds | 03 April 2023 |
| Credit of Shares to Demat Account | 05 April 2023 |
| IPO Listing Date | 06 April 2023 |
Maiden Forgings IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Minimum | 1 | 2000 | 1,26,000 |
| Maximum | 1 | 2000 | 1,26,000 |
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.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax |
|---|---|---|---|
| 31 March 2020 | 204.40 | 202.10 | 1.65 |
| 31 March 2021 | 199.37 | 196.99 | 1.68 |
| 31 March 2022 | 210.83 | 207.89 | 2.13 |
| 31 December 2022 | 163.81 | 152.67 | 8.01 |
Maiden Forgings IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| 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 Email: cs@maidenforgings.in Website: https://maidenforgings.in/ |
Maiden Forgings IPO Registrar
| Maashitla Securities Pvt. Limited. Phone: : +91-11-45121795-96 Email: mukul@maashitla.com Website: www.maashitla.com |
Maiden Forgings IPO Lead Manager(s)
| 1. Share India Capital Services Pvt Ltd |
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. |
