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 Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 98.90 | 240.40 | 1.65 | 21.36 | 16.72 | 57.88 |
| 31-Mar-21 | 104.2 | 199.37 | 1.68 | 28.99 | 23.77 | 54.28 |
| 31-Mar-22 | 110.14 | 210.83 | 2.13 | 31.13 | 25.91 | 61.70 |
| 31-Dec-22 | 125.96 | 163.81 | 8.01 | 39.14 | 28.71 | 65.25 |
| 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 Date | Mar 23, 2023 — Mar 27, 2023 |
| Listing Date | Will be updated later |
| Face Value | ₹10 per share |
| Price | will be updated later |
| Lot Size | 2000 Shares |
| Issue Size | 3,784,000 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Fresh Issue | 3,784,000 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
Maiden Forgings IPO Reservation
| % QIB Shares Offered | Not more than 50% of the Net offer |
| % NII (HNI) Shares Offered | Not less than 15% of the Offer |
| % Retail Shares Offered | Not less than 35% of the Offer |
| % Market Maker portion | 190,000 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.
| Event | Tentative Date |
|---|---|
| Opening Date | Mar 23, 2023 |
| Closing Date | Mar 27, 2023 |
| Basis of Allotment | Mar 31, 2023 |
| Initiation of Refunds | Apr 3, 2023 |
| Credit of Shares to Demat | Apr 5, 2023 |
| Listing Date | Apr 6, 2023 |
Maiden Forgings IPO Promoter Holding
Mr. Nishant Garg and Ms. Nivedita Garg are the company promoters.
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | will be updated later |
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