IPO Trending
MAIDENSME / BSEListed
Maiden Forgings

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.

₹63 - ₹63100x sub
Listed Price₹63.00
Listing Gain+0.00%

IPO Schedule & Timeline

Bookbuilding IPO
Open23 Mar 2023
Close27 Mar 2023
Allotment28 Mar 2023
Listing06 Apr 2023

Quota Reservation & Application Lots

Quota Reservation (% Shares)

QIB3,60,000 shares
9.51%
Nii (hni)9,70,000 shares
25.63%
Retail22,64,000 shares
59.83%
Market Maker1,90,000 shares
5.02%

Minimum Application Lots

Retail1 Lot (2,000 shares)
₹1,26,000
HNI2 Lots (4,000 shares)
₹2,52,000

Company Promoters

Mr. Nishant GargMs. Nivedita Garg

Company Background

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...

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Mar 2020)₹20440.37 Cr
Growth+24.8%
Revenue Trend (₹ in Crores)
0.08.1k16.2k24.2kDec 2022Mar 2022Mar 2021Mar 2020
PeriodRev (Cr)PAT (Cr)AssetsDebt
Mar 202020,440.37165.959,890.055,788.13
Mar 202119,937.49168.9410,484.255,428.93
Mar 202221,083.72213.9411,014.236,170.75
Dec 202216,381.04801.5112,595.696,525.17

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Maashitla Securities Private Limited

Allotment Finalized
Allotment Date
28 Mar 2023
Official Status
Out / Finalized
Registrar
Maashitla Securities Private Limited
Listing Date
06 Apr 2023

Official Allotment Verification Links

Official Registrar Portal
Maashitla Securities Private Limited

Direct allotment verification on the official registrar portal appointed for Maiden Forgings. Check with PAN or Application No.

Check on Registrar Portal
Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization28 Mar 2023Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date06 Apr 2023Trading commences on exchange

How to Check Maiden Forgings Allotment Online

1Open Portal

Click on the official registrar link or BSE portal button above.

2Select Company

Select Maiden Forgings from the issue drop-down list.

3Enter Details

Select PAN, Application No., or DP Client ID and type your details.

4View Allocation

Click Submit to check your allotted share count and status.

Prospectus & Official Filings

Allotment FAQs & Help

About Maiden Forgings IPO

Complete issue overview for Maiden Forgings (MAIDEN) IPO. The issue features an equity share price band of ₹63 per share with a minimum retail lot size of 2000 Shares (minimum application amount of ₹1,26,000). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions