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Open
23 Mar 2023
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Close
27 Mar 2023
3
Allotment
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Listing
Thu, Apr 6, 2023
Price Band
₹60 to ₹63
Issue Size
37,84,000 shares (agg. up to ₹24 Cr)
Lot Size
2,000 Shares
Listing Date
Thu, Apr 6, 2023
Latest GMP
₹-2
Est. Gain
-3.17%
✦ AI Insight
GMP Trend
06-04-2023₹-2Est. ₹61-3.17%
05-04-2023₹-2Est. ₹61-3.17%
04-04-2023₹-2Est. ₹61-3.17%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.13x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Dec 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 125.96 | 110.14 | 104.84 | 98.90 |
| Total Income | 163.81 | 210.84 | 199.37 | 204.40 |
| Profit After Tax | 8.02 | 2.14 | 1.69 | 1.66 |
| NET Worth | 39.15 | 31.13 | 28.99 | 21.37 |
| Reserves and Surplus | 28.72 | 25.92 | 23.78 | 16.72 |
| Total Borrowing | 65.25 | 61.71 | 54.29 | 57.88 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Quality Foils (India) Ltd. | SME | ₹4.52 Cr | ₹60 | 4.16 | ₹97.70 | +62.83% | ₹60.00 (-1.40%) |
| Earthstahl & Alloys Ltd. | SME | ₹12.96 Cr | ₹40 | 4.22 | ₹57.75 | +44.38% | ₹14.92 (+0.00%) |
| Swastik Pipe Ltd. | SME | ₹62.52 Cr | ₹100 | 11.38 | ₹69.30 | -30.70% | ₹17.10 (+4.91%) |
| Rhetan TMT Ltd. | SME | ₹56.00 Cr | ₹70 | 63.64 | ₹66.50 | -5.00% | ₹30.88 (+2.29%) |
| Mangalam Worldwide Ltd. | SME | ₹65.58 Cr | ₹101 | 20.12 | ₹102.55 | +1.53% | ₹36.65 (-0.54%) |
| Venus Pipes & Tubes Ltd. | Mainboard | ₹165.42 Cr | ₹326 | 21.03 | ₹354.35 | +8.70% | ₹1,813.00 (+2.94%) |
| Hariom Pipe Industries Ltd. | Mainboard | ₹130.05 Cr | ₹153 | 15.15 | ₹231.00 | +50.98% | ₹401.30 (-1.59%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Consolidation and expansion of the manufacturing facilities | 9.43 |
| 2 | Working Capital and | 8.00 |
| 3 | General Corporate Purpose | 4.00 |
About Maiden Forgings IPO
Incorporated in 2005, Maiden Forgings Limited is engaged in manufacturing and selling ferrous metal products. The company manufactures steel bright bars, wires, profiles, collated pneumatic nails, and ground bars. The company has three manufacturing plants, all located in Ghaziabad, Uttar Pradesh, India. The combined aggregated manufacturing capacity of these plants is 50,000 tons per annum. Maiden Forgings has around 450+ B2B customers across the globe. The company sells its products from Original Equipment Manufacturers (OEM) to large manufacturing companies in different industry domains like Prestige TTK, Everest, UM Auto etc. Maiden Forgings Limited has been awarded thrice recently in the year 2018 with the 'fastest growth in the business category' award through business sphere magazine conferred by Hon'ble cabinet minister Dr. Harshvardhan, "heroes next door award" in the year 2019 conferred by Hon'ble cabinet minister Gen. V.K. Singh and the "most versatile company for steel Bright bar in India" conferred by Business Sphere.+ Read More
Contact Details
Maiden Forgings Ltd. AddressB-5, Arihant TowerBlock D Market, Vivek ViharDelhi, New Delhi, 110092+011-44796732cs@maidenforgings.inVisit Website