Maiden Forgings Limited
Bookbuilding IPO · BSE
- Price band
- ₹63 - ₹63
- Lot size
- 2,000 shares
- Issue amount
- ₹23.84 cr
- Total subscription
- 100×
- Opens
- 23 Mar 2023
- Closes
- 27 Mar 2023
- Allotment
- 28 Mar 2023
- Listing
- 6 Apr 2023
Offer at a glance
Issue overview
- Issue size
- 37,84,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,26,000
- Fresh issue
- ₹23.84 cr
- Offer for sale
- ₹0 cr
- Registrar
- Maashitla Securities Private Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,26,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,04,28,000
- Shares after issue
- 1,42,12,000
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 2,000 | ₹1,26,000 |
| HNI | 2 | 4,000 | ₹2,52,000 |
Share reservation
Subscription & GMP
Subscription by category
Subscription figures are awaiting publication.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| — | — |
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Company information
Company profile
Incorporated in 2005, Maiden Forgings Limited manufactures and sells ferrous metal products, including steel bright bars, wires, profiles, collated pneumatic nails, and ground bars. With three manufacturing plants in Ghaziabad, Uttar Pradesh, the company has a total capacity of 50,000 tons per annum and serves over 450 B2B customers globally, including major OEMs like Prestige TTK, Everest, and UM Auto. Maiden Forgings has received multiple awards, including “Fastest Growth in Business” (2018), “Heroes Next Door” (2019), and “Most Versatile Company for Steel Bright Bar in India.” The IPO proceeds will be used for manufacturing expansion, working capital, general corporate purposes, and issue expenses.
Promoters
Mr. Nishant Garg
Ms. Nivedita Garg
Registrar & documents
Lead manager
Share India Capital Services Private Limited
Registrar & contacts
Maashitla Securities Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
B-5, Arihant Tower, Block D Market, Vivek Vihar, East Delhi, New Delhi – 110092
+011-44796732
[email protected]Company website ↗Understanding MAIDEN IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.