Maiden Forgings Limited SME IPO (Maiden Forgings SME IPO) Detail

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Now in the IPO market , a new company named Maiden Forgings Limited SME IPO is coming.

The company formed in 2005, Maiden Forgings Limited is engaged in production and selling ferrous steel merchandise. The organization manufactures steel bars, wires, profiles, collated pneumatic nails, and floor bars. Though it is a small company but it has big dream.

The agency has 3 production plants, all located in Ghaziabad, Uttar Pradesh, India. The combined aggregated production capacity of those is 50,000 tons per year.

Maiden Forgings has round 450+ B2B customers across the country. The agency sells its merchandise from Original Equipment Manufacturers (OEM) to huge production corporations in distinctive enterprise domains like Prestige TTK, Everest, UM Auto etc. 

Maiden Forgings Limited has been awared with 3 prizes for excellence in the area by the ministry of UP Government.

Profit Scenarion :

Company Financials

Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
Amount in ₹ Crores
Objects of the Issue

The money raised will be used in the below methods

1. To Increasing capacity of the inductry

2. For general corporate purpose

3. Issue Expenses.

Maiden Forgings IPO Details
IPO DateMar 23, 2023 — Mar 27, 2023
Listing DateWill be updated later
Face Value₹10 per share
Pricewill be updated later
Lot Size2000 Shares
Issue Size3,784,000 shares of ₹10
(aggregating up to ₹[.] Cr)
Fresh Issue3,784,000 shares of ₹10
(aggregating up to ₹[.] Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE SME
Maiden Forgings IPO Reservation
% QIB Shares OfferedNot more than 50% of the Net offer
% NII (HNI) Shares OfferedNot less than 15% of the Offer
% Retail Shares OfferedNot less than 35% of the Offer
% Market Maker portion190,000 shares
Maiden Forgings IPO Tentative Timetable

Maiden Forgings IPO opens on Mar 23, 2023, and closes on Mar 27, 2023. The Maiden Forgings IPO bid date is from Mar 23, 2023 10.00 A.M. to Mar 27, 2023 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

EventTentative Date
Opening DateMar 23, 2023
Closing DateMar 27, 2023
Basis of AllotmentMar 31, 2023
Initiation of RefundsApr 3, 2023
Credit of Shares to DematApr 5, 2023
Listing DateApr 6, 2023
Maiden Forgings IPO Promoter Holding

Mr. Nishant Garg and Ms. Nivedita Garg are the company promoters.

Pre Issue Share Holding100%
Post Issue Share Holdingwill be updated later

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