Listed Price₹63.00
Listing Gain+0.00%
Price Band₹63
Lot Size2,000 shares
Min Bid₹1,26,000
Subscription100x
Listed Market Snapshot
₹63.00Listed price from market data
+0.00%listing gain
Issue Amount
₹23.84 Cr
Listed Price
₹63.00
Current Price
₹77.01
Registrar
Maashitla Securities Private Limited
Timeline•Bookbuilding IPO
Open23 Mar 2023
Close27 Mar 2023
Allotment28 Mar 2023
Listing06 Apr 2023
Quota Reservation Portions
QIBPortion: 3,60,000 shares
9.51%Nii (hni)Portion: 9,70,000 shares
25.63%RetailPortion: 22,64,000 shares
59.83%Market MakerPortion: 1,90,000 shares
5.02%Minimum Application Bracket Matrix
Retail1 lots / 2,000 shares
₹1,26,000HNI2 lots / 4,000 shares
₹2,52,000About the Company
Incorporated in 2005, Maiden Forgings Limited manufactures and sells ferrous metal products, including steel bright bars, wires, profiles, collated pneumatic nails, and ground bars. With three manufacturing plants in Ghaziabad, Uttar Pradesh, the company has a total capacity of 50,000 tons per annum and serves over 450 B2B customers globally, including major OEMs like Prestige TTK, Everest, and UM Auto. Maiden Forgings has received multiple awards, including “Fastest Growth in Business” (2018), “Heroes Next Door” (2019), and “Most Versatile Company for Steel Bright Bar in India.” The IPO proceeds will be used for manufacturing expansion, working capital, general corporate purposes, and issue expenses.
Company Promoters
Mr. Nishant GargMs. Nivedita Garg
Lead Managers
Registrar
Maashitla Securities Private Limited