Maiden Forgings Limited (MFL), an ISO & PED certified Company, roots back to 1989. The company specializes in all types of Bright steel bars, stainless steel bright bars & all grades of steel wires. Just 30 Kilometers away from Delhi airport, the company has its corporate office and plants located in Ghaziabad (Delhi- NCR). The core strength of the company is more than 25 years of experience in making its products & the team of technocrats who are working in a culture where product quality & on time delivery are practiced as the main objective. Therefore, over so many years we have been able to deliver best quality products to our associated partners. Our relationships with customers, vendors, bankers, employees and all other stakeholders provide us with a capability to perform with perfection every time. Our policies are directed at providing a systematic approach to working so as to catalyze hassle free functioning for all our stakeholders. Mr. Sanjay Garg, the Founder Director, started manufacturing of bright steel bars 30 years ago and has a vision to provide the best quality of product to his customers all around the world. This systematic approach makes us inspect our material from procurement of raw material to the final step and yet make us price competitive and stick to schedule adherence at all times to come.
Maiden Forgings IPO Date, Price & Offer Details
Maiden Forgings IPO will be open on 23-03-2023 and will close on 27-03-2023. The following table provides all the information related to Maiden Forgings IPO including the date, price and offer details of Maiden Forgings IPO
Maiden Forgings IPO Date, Price & Offer Details
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| Issue Open | 23-03-2023 |
| Issue Close | 27-03-2023 |
| Allotment Date | 31-03-203 |
| Unblocked Amount | 03-04-2023 |
| Credit Demat Amount | 05-04-2023 |
| Listing Date | 06-04-2023 |
| Issue Size |
37,84,000 Total Equity Share
|
| Issue Size | ₹ 23.84 Cr |
| IPO Price Band | ₹60 - ₹63 Per Equity Share |
| Minimum Share Bid | 2000 |
| Minimum Investment Amount [₹] | ₹ 1,26,000 |
| Face Value | ₹ 10 Per Equity Share |
| Qualified Institutional Buyer [QIB] | 50 % |
| High Networth Individual [HNI] | 15 % |
| Retail Individual Investor [RII] | 35 % |
| Listing On | BSE SME |
Maiden Forgings Company Financial Report (₹ in Cr)
As per we are checking Maiden Forgings company financials report and we are displaying report data as shown in below table.
Maiden Forgings Company Financial Details (₹ in Cr)
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| Financial Year | Total Asset | Total Revenue | Total Expenses | Profit After Tax |
| FY-2020 | 98.90 | 204.40 | 202.10 | 1.65 |
| FY-2021 | 104.84 | 199.37 | 196.99 | 1.68 |
| FY-2022 | 110.14 | 210.83 | 207.89 | 2.13 |
| 31-12-2022 | 125.95 | 163.81 | 152.67 | 8.01 |
Maiden Forgings Company Valuation Details
As per we check Maiden Forgings company financials report and we display company valuation report data as shown in below table
Maiden Forgings Company Valuation Details
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| Earnings Per Share [EPS] | ₹ 4.10 |
| Price/Earnings [P/E] Ratio | 4.10 |
| Return on Net Worth [RoNW] | 6.87 % |
| Net Asset Value [NAV] | ₹ 60.47 Per Share |
Maiden Forgings IPO Rating
As per Maiden Forgings company financials report, Maiden Forgings company RoNW is 6.87 % and NAV is around 6.87 as per FY21 earning. As per we check Maiden Forgings company financials report then after LiveIPO team are recommended for "Neutral" rating for Maiden Forgings.
Maiden Forgings IPO Rating
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| LiveIPO | Neutral |
| Hem Security | - |
Maiden Forgings IPO Share Lot Size
The share price of Maiden Forgings IPO is ₹63. So in Maiden Forgings IPO Minimum share lot is 1 lot with a 2000 share with an application amount of ₹1,26,000. And in retail category you can apply for a Maximum share lot is 1 lot with a 2000 share with an application amount of ₹1,26,000.
| Maiden Forgings IPO Share Lot Size | |||
|---|---|---|---|
| Apllication | Lot Size | Shares | Total Amount |
| Retail Min | 1 | 2000 | ₹1,26,000 |
| Retail Max | 1 | 2000 | ₹1,26,000 |
| Small HNI | 2 | 4000 | ₹2,52,000 |
Maiden Forgings IPO Share Offer
A total number of 37,84,000 shares have been offered in this public issue of Maiden Forgings IPO, out of this total share 37,84,000 shares have been allotted for Fresh Issue and another 0 shares are to be offered for (OFS) offer for sale.
| Maiden Forgings IPO Share Offer | ||||
|---|---|---|---|---|
| Category | Share Offer | Amount | ||
| Fresh Issue: | 37,84,000 | ₹23.84 Cr | ||
| Offer For Sale: | - | ₹- | ||
| Total: | 37,84,000 | ₹23.84 Cr | ||
Maiden Forgings IPO Related Link
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| Maiden Forgings IPO GMP Maiden Forgings IPO Subscription Maiden Forgings IPO Allotment Status |
Maiden Forgings IPO Subscription Details
Maiden Forgings Company has been issued total 37,84,000 shares through this IPO, a total 1,90,000 shares have been reserved for market movers for subscriptions as per the prospect report, and a total of - shares have been offered in QIB category and a total of - shares have been offered in RII.
Maiden Forgings IPO Subscription Details
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|---|---|---|---|---|
| As on Date | QIB | NII | RII | Total |
| Shared Offered | 3,60,000 | 11,60,000 | 22,64,000 | 37,84,000 |
| Day-1 [23-03-2023] |
1,72,000 [0.47] |
4,18,000 [0.36] |
2,90,000 [0.12] |
8,80,000 [0.23] |
| Day-2 [-] |
- [-] |
- [-] |
- [-] |
- [-] |
| Day-3 [-] |
- [-] |
- [-] |
- [-] |
- [-] |
Maiden Forgings IPO Listing Details
Maiden Forgings IPO has been listed on 06-04-2023. On the below table we are providing all the listing details with target price and stop loss.
Maiden Forgings IPO Listing Details
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|---|---|
| Listing Date | 06-04-2023 |
| BSE Code | - |
| NSE Code | - |
| ISIN Code | - |
| IPO Price | ₹60 - ₹63 |
| Lot Size | 2000 |
| Expected Listing Price | ₹ - - ₹ - |
| Book Profit | ₹ - |
| Stop Loss | ₹ - |
| Listing Group | - |
| - | - |
Maiden Forgings IPO GMP, Grey Market Premium
In the below table we are providing the latest rate of Maiden Forgings IPO GMP, Kostak Rate, Subject to Sauda, Listing Gain and Rating of this Maiden Forgings IPO.
Maiden Forgings IPO Grey Market Premium
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| Maiden Forgings IPO Grey Market Premium |
Maiden Forgings IPO Allotment Status
Maiden Forgings IPO Allotment will be available on below link so click on below link and check your Maiden Forgings IPO Allotment Status.
Maiden Forgings IPO Allotment Status
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| Maiden Forgings IPO Allotment Status |
Maiden Forgings IPO Live Subscription
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| Maiden Forgings IPO Subscription in BSE Maiden Forgings IPO Subscription in NSE |
Maiden Forgings IPO Prospectus
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| Maiden Forgings IPO DRHP
Maiden Forgings IPO RHP (Update Soon) |
Maiden Forgings Company Contact Details
Maiden Forgings IPO Registrar
Maiden Forgings IPO Lead Managers
Maiden Forgings IPO FAQs
What is the Maiden Forgings IPO?
Maiden Forgings IPO is the Main Board IPO of - equity shares of the face value of ₹- aggregating up to ₹- Crores. The issue is priced at ₹- to ₹- per equity share. The minimum order quantity is - Shares.
Who is the registrar company of Maiden Forgings IPO?
Link-Intime India Private Ltd is the registrar company of Maiden Forgings IPO.
When is the Maiden Forgings IPO Opening date?
The Maiden Forgings IPO Opening on -
When is the Maiden Forgings IPO Closing date?
The Maiden Forgings IPO Closing on -
When is the Maiden Forgings IPO allotment date?
The Maiden Forgings IPO Allotment will be done on -
Maiden Forgings IPO Allotment Status
On what date will the Maiden Forgings IPO amount be refunded?
Maiden Forgings IPO will refund the amount on -
On which date Maiden Forgings IPO Shares will be credited to the demat account?
The Maiden Forgings IPO Shares will be credited to your demat account on -.
When is the Maiden Forgings IPO listing date?
The Maiden Forgings IPO listing date is on -.
What is the Maiden Forgings IPO Price Band?
Maiden Forgings IPO Price Band is ₹- to ₹- per equity share.
What is the lot size of the Maiden Forgings IPO?
Maiden Forgings IPO the minimum bid is - Shares with ₹- amount and maximum bid is - shares with ₹-.
What is the expected Maiden Forgings IPO Listing Price?
As Per Grey Market Premium (GMP) and Market view we are expected to listing Maiden Forgings IPO is around ₹ - to ₹ -
What is the Maiden Forgings IPO Expected Returns?
As per Grey Market Premium (GMP), Maiden Forgings IPO Expected Returns is -% .
What is the NSE and BSE Code for the Maiden Forgings IPO?
The Maiden Forgings IPO NSE Code is - and the BSE Code is -.
What is the stop loss in the Maiden Forgings IPO?
If the Maiden Forgings IPO goes below - then sell the Maiden Forgings IPO.
What will i do in Maiden Forgings IPO?
If the Maiden Forgings IPO listing above - then sell the Maiden Forgings IPO and book profit.
How to check Maiden Forgings IPO Allotment Status?
Below we are provide all the step how to check Maiden Forgings IPO allotment online
- Go to the Maiden Forgings IPO Allotment Status Link
- Click on Click Here button
- Select Maiden Forgings IPO
- Enter your details (PAN Number, Application Number, DP Client ID)
- Click Search Button
- After Click on Search button you will be able to see allotment status
- How to Apply the Maiden Forgings IPO?
- You can apply for the Maiden Forgings IPO using ASBA online through your internet banking.
- You can also apply for the Maiden Forgings IPO via your stock brokers’ office by filling up the offline application form and submitting it to your Bank.
Disclaimer:-
- I request all investors, before applying for any IPO, please check the fundamentals and financial condition of the company and then applying to any IPO.
- www.liveipo.in will not be responsible for any kind of losses. So apply to any IPO at your risk.
- We are not buying or selling any IPO forms regarding IPO Grey Market premium. We are only provide only recommendation of any IPO.
- Please do not subscribe to any IPO by just seeing the Grey Market Premium Price. It can change at any time.
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