Maiden Forgings Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

23 Mar 2023

Close Date

27 Mar 2023

Allotment

31 Mar 2023

Listing Date

06 Apr 2023

Exchange

BSE SME

Price Band

₹63

Listing Price

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Allotment Status

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Price Band

₹63

Per share

Face Value

₹10 per share

Lot Size

2,000 Shares

per lot

Issue Size

37,84,000 shares (aggregating up to ₹23.84 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹126,000

1 lot

Pre-IPO Holding

1,04,28,000 shares

Promoters

Post-IPO Holding

1,42,12,000 shares

Promoters

P/E (Pre)

8.38x

UPI Deadline

2023-03-27

Mandate

Anchor AllotmentWed, 22 Mar 2023

Basis of AllotmentFri, 31 Mar 2023

Refund InitiationMon, 03 Apr 2023

Demat CreditWed, 05 Apr 2023

Listing DayThu, 06 Apr 2023

UPI Mandate Deadline2023-03-27

Sale TypeFresh Capital

Net Offer to Public35,94,000 shares (aggregating up to ₹22.64 Cr)

Market Maker Quota1,90,000 shares (aggregating up to ₹1.20 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Maiden Forgings Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 27 Mar 2023.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	190,000	—	₹1.20
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	3,784,000	100%	₹23.84

IPO Shares Offered

Maiden Forgings Ltd. IPO total issue size: ₹23.84 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	190,000	₹1.20	5.02%
Total	3,784,000	₹23.84	100.00%

* Based on upper price band ₹63 per share

Lot Size & Investment

Lot Size

2,000

Shares per Lot

Issue Price

₹63.00

Upper Band

Min Investment

₹126,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	4,000	₹252,000
Retail (Max — 13 Lots)	13	26,000	₹1,638,000
S-HNI (Min — 14 Lots)	14	28,000	₹1,764,000
B-HNI (Min — 68 Lots)	68	136,000	₹8,568,000

* Issue Price ₹63 × Lot Size 2,000 shares

IPO Schedule

Anchor

22 Mar 2023

✓ Done

IPO Open

23 Mar 2023

✓ Done

IPO Close

27 Mar 2023

✓ Done

Allotment

31 Mar 2023

✓ Done

Refunds

03 Apr 2023

✓ Done

Demat Credit

05 Apr 2023

✓ Done

Listing Day

06 Apr 2023

✓ Done

₹63.00

INR · BSE

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Issue ₹63.00 Live Price

About Maiden Forgings Ltd.

Incorporated in 2005, 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.

Objects of the Issue

Consolidation and expansion of the manufacturing facilities

Working Capital and

General Corporate Purpose

Maiden Forgings Ltd. Financials (Amount in ₹ Lakhs)

Revenue from Operations

₹19,937.5

31-Mar-21

₹21,083.7

31-Mar-22

₹16,381.0

31-Dec-22

Profit After Tax (PAT)

₹168.9

31-Mar-21

₹213.9

31-Mar-22

₹801.5

31-Dec-22

Particulars	31-Dec-22	31-Mar-22	31-Mar-21
Revenue from Operations	16381.04	21083.72	19937.49
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	801.51	213.94	168.94
Net Worth	3914.56	3113.05	2899.11
Total Assets	12595.69	11014.23	10484.25
Reserves & Surplus	2871.76	2591.65	2377.71
Borrowings	6525.17	6170.75	5428.93
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Issue Structure & Shareholding

Total Shares Offered37,84,000 (100.00%)

Net Offer to Public35,94,000 shares (aggregating up to ₹22.64 Cr)

Reserved for Market Maker1,90,000 shares (aggregating up to ₹1.20 Cr)

Pre-Issue Promoter Holding1,04,28,000 shares

Post-Issue Promoter Holding1,42,12,000 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Maashitla Securities Pvt.Ltd

+91-11-45121795-96

mukul@maashitla.com

https://maashitla.com/allotment-status/public-issues

Check Allotment

Book Running Lead Managers

Share India Capital Services Pvt.Ltd

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Maiden Forgings Ltd. IPO subscribed? ▲

Maiden Forgings Ltd. IPO is subscribed 1.00 times by Mar 27, 2023. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Maiden Forgings Ltd. IPO retail subscription status? ▼

The Maiden Forgings Ltd. IPO retail category is subscribed 1.00 times as of 27 Mar 2023. The retail portion is oversubscribed.

How to subscribe Maiden Forgings Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 23 Mar 2023 and closes 27 Mar 2023. Min investment: ₹126,000 (1 lot = 2,000 shares). UPI mandate: 2023-03-27.

How many times Maiden Forgings Ltd. IPO subscribed? ▼

The Maiden Forgings Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Maiden Forgings Ltd. IPO allotment? ▼

Check allotment on the registrar website (Maashitla Securities Pvt.Ltd) at https://maashitla.com/allotment-status/public-issues. Enter your PAN, application number or DP/Client ID. Allotment date: 31 Mar 2023. Refunds: on 03 Apr 2023.

When Maiden Forgings Ltd. IPO will be listed? ▼

The Maiden Forgings Ltd. IPO listing date is 06 Apr 2023, Thursday. Listed on: BSE SME. Issue price: ₹63. Estimated listing: ₹63. GMP: NIL.

When Maiden Forgings Ltd. IPO close? ▼

The Maiden Forgings Ltd. IPO closes on 27 Mar 2023, Monday. UPI mandate: 2023-03-27. Allotment: 31 Mar 2023. Listing: 06 Apr 2023.

Quick Actions

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Live Price LIVE

Last Price₹63.00

Change—

Issue Price₹63.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹63

Face Value₹10

Lot Size2,000 Sh

Min. Amount₹126,000

GMPNIL

Est. Listing₹63

Subscribed1.00x

Open Date23 Mar 2023

Close Date27 Mar 2023

Allotment31 Mar 2023

Listing Date06 Apr 2023

ExchangeBSE SME

UPI Deadline2023-03-27