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Maiden Forgings Limited IPO Date, Price, Review and Details

 

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Maiden Forgings Limited IPO

March 23, 2023 - March 27, 2023 Closed
Maiden Forgings Limited IPO
This Company was engaged in manufacturing and selling ferrous metal products and was incorporated in 2005. Their Company has focused extensively on research and development quality measures. Maiden Specializes in manufacturing and designing different types of ferrous metal products, stainless steel-steel, and alloy steel. Their products are cold drawn bright bars and peeled bars, S, S hex, and square bright bars,

Company Promoters:
• Mr. Nishant Garg
• Ms. Nivedita Garg

Objects of this Issue:
• Consolidation and expansion of the manufacturing facilities;
• Working Capital and General Corporate Purpose
• Issue Expenses

Financial Information of the Company:

 Particulars

Amount in Lakhs (Rs.)

As on 31 Mar 2022

As on 31 Mar 2021

As on 31 Mar 2020

Total Assets

11014.23

10484.25

9890.05

Total Liabilities

7,901.18

7,585.14

7,753.14

Net Profit

213.94

168.94

165.95


Maiden Forgings Limited IPO Schedule
1. Bid or Offer Opens on: 23 March 2023
2. Bid or Offer Closes on: 27 March 2023
3. Finalization of BoA: 31 March 2023
4. Initiation of Refunds: 3 April 2023
5. Credit of shares to Demat account: 5 April 2023
6. Listing Date: 6 April 2023

Maiden Forgings Limited IPO Lot Size
The market lot size of the Maiden Forgings Limited IPO is 4000 shares. The minimum and maximum order quantity is as follows:

Application

Lots

Shares

Amount

Minimum

1

  2000

₹126,000

Maximum

1

  2000

₹126,000

S-HNI(Minimum)

2

 4,000

₹252,000

 

Company Contact Details:
B-5, Arihant Tower, Block D
Market, Vivek Vihar, East Delhi,
New Delhi – 110092, India
Phone: +011-44796732
Email: cs@maidenforgings.in
Website: https://maidenforgings.in/

Maiden Forgings Limited IPO Registrar Details:
Maashitla Securities Pvt. Limited
451, Krishna Apra Business Square, Netaji
Subhash Place, Pitampura, Delhi, 110034
Telephone: +91-11-45121795-96
Email: mukul@maashitla.com
Website: https://www.maashitla.com/

 

Frequently Asked Question

IPO application is an online process by using UPI or ASBA as a payment method. ASBA IPO application is already available in the net banking of your respective bank account and the UPI application is offered by your Stockbroker, you can invest in SVS Limited IPO using any neatest method at your convenience.
Maiden Forgings Limited IPO Shares will get listed at BSE SME.
Face value of Maiden Forgings Limited IPO is ₹10 per share.
If you do not get the allotment of Maiden Forgings Limited IPO shares, your IPO application amount will be released or credited back to your bank account via which you applied for this IPO.
If allotted, you will receive Maiden Forgings Limited IPO shares in your Demat account on April 05, 2023.
Maiden Forgings Limited IPO shares will get listed on April 06, 2023.
Lot size of the Maiden Forgings Limited IPO is 2000 shares.
Opening date of Maiden Forgings Limited IPO is March 23, 2023.
Closing date of Maiden Forgings Limited IPO is March 27, 2023.
Per share price of Maiden Forgings Limited IPO is ₹60 to ₹63 per share.
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