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SME IPO Status: Listed [23rd Mar 2023 to 27th Mar 2023]
Rated 3/5 by Team TopShareBrokers
Maiden Forgings Limited offers a SME IPO issue size of 3,784,000 equity shares worth of Rs 23.84 Cr. The subscription for this SME IPO is opening from 22 Mar 2023 to 24 Mar 2023..The face value of the equity share is Rs 10 per share. The issue price band for this SME IPO is ranging from Rs 60 to Rs 63 per share along with the lot size of 2000 shares and its multiple.
Stay updated with us to know more about the Maiden Forgings Limited IPO Review including company overview, financial, live subscription, allotment, GMP, and more.
| SME IPO Issue Opening Date: | 23rd Mar 2023 |
| SME IPO Issue Closing Date: | 27th Mar 2023 |
| SME IPO Issue Price: | ₹60-63 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | BSE SME |
| Retail Quota: | Not less than 35% of the Offer |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹23.84 Cr |
| Fresh Issue: | ₹23.84 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 100% |
| Promoter Holding Post IPO: | 73.37% |
| Allotment Status: | Allotment Status |
| BSE Code: | 543874 |
In this section we have covered all important dates related to Maiden Forgings SME IPO. Dates are updated as they are announced. The most noted dates are SME IPO start date and SME IPO end date, which one should use to participate in SME IPO.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 31st Mar 2023 |
| Refunds Initiation* | 3rd Apr 2023 |
| Credit of Shares to Demat* | 5th Apr 2023 |
| SME IPO Listing Date* | 6th Apr 2023 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹60-63 |
| Market Lot: | 2000 Shares |
| 1 Lot Amount: | ₹126000 |
| Min Small HNI Lots(2-10 Lakh): | 4000 shares (2 lots) |
| Min Big HNI Lots(10+ Lakh): | 16000 shares (8 lots) |
Zerodha Free Demat Account
Maiden Forgings Ltd. Company was incorporated on February 11, 2005. Maiden specializes in the design and manufacture of different ferrous metal products including carbon steel, stainless steel and alloy steel, mainly in the form of drawn products like bright bars, wires, profiles and ground bars. The new management initiatives resulted in revenues growing by almost 15 times over an 11 years period.
This Company manufactures its products in a large assortment of sizes starting from 0.19mm up to 100mm, from different steel grades and in different shapes making it one of the few Indian manufacturing facilities offering such a diversified range of products. This product diversity helps this Company to maintain an edge over the competition since it can provide customized and specialized solutions to its customers. Further, the planned expansion into super alloys and other specialized products will help transform the Company into one of the only few similar global manufacturing facilities offering the widest range of products.
The product range manufactured by the Company includes:
| Incorporation | Sector | IPO Issue Size | Website |
| 2005 | Manufacturing of steel products | ₹23.84 Cr | https://maidenforgings.in/ |
The company intends to utilize the proceeds of the Issue to meet the following objects:
1. Consolidation and expansion of the manufacturing facilities.
2. Working Capital and General Corporate Purpose.
3. Issue Expenses.
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 360,000 (9.51%) | 1,160,000 (30.66%) | 2,264,000 (59.83%) | 3,784,000 | 1 | 23rd Mar 2023 19:04 | 0.48x | 0.36x | 0.13x | 0.23x | 2 | 24th Mar 2023 19:04 | 0.48x | 0.98x | 0.37x | 0.56x | 3 | 27th Mar 2023 19:04 | 1.00x | 1.42x | 1.12x | 1.20x |
Past performance and financial results of Maiden Forgings.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 9,890.05 | 20,440.37 | 165.95 | 2,136.92 | 1,672.02 | 5,788.13 |
| 31-Mar-21 | 10,484.25 | 19,937.49 | 168.94 | 2,899.11 | 2,377.71 | 5,428.93 |
| 31-Mar-22 | 11,014.23 | 21,083.72 | 213.94 | 3,113.05 | 2,591.65 | 6,170.75 |
| 31-Dec-22 | 12,595.69 | 16,381.04 | 801.51 | 3,914.56 | 2,871.76 | 6,525.17 |
| Amount in ? Lakhs | ||||||
Last Updated on 2023-04-09T09:00:10+00:00
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Maiden Forgings SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Maiden Forgings SME IPO with Zerodha.
Alternate approch to apply in Maiden Forgings SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Maiden Forgings SME IPO Review and Important Updates
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To subscribe or apply in Maiden Forgings SME IPO, you can use the following methods:
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Maiden Forgings SME IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Maiden Forgings SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Maiden Forgings SME IPO. Most of the Syndicate Banks provide access to apply in Maiden Forgings IPO via ASBA process. You must have your net banking access, DP ID information to apply in Maiden Forgings SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Maiden Forgings SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Maiden Forgings SME IPO Review and Important Updates
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Maiden Forgings SME IPO is going to be list on 06-04-2023. NSE Code for Maiden Forgings is . BSE Code for Maiden Forgings is 543874.
Other relevant questions:
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Maiden Forgings SME IPO Allotment Date is 31-03-2023.
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