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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
✦ AI Insight
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% | ₹63.00 |
| Earthstahl & Alloys Ltd. | SME | ₹12.96 Cr | ₹40 | 4.22 | ₹57.75 | +44.38% | ₹13.00 |
| Swastik Pipe Ltd. | SME | ₹62.52 Cr | ₹100 | 11.38 | ₹69.30 | -30.70% | ₹19.00 |
| Rhetan TMT Ltd. | SME | ₹56.00 Cr | ₹70 | 63.64 | ₹66.50 | -5.00% | ₹28.00 |
| Mangalam Worldwide Ltd. | SME | ₹65.58 Cr | ₹101 | 20.12 | ₹102.55 | +1.53% | ₹37.65 |
| Venus Pipes & Tubes Ltd. | Mainboard | ₹165.42 Cr | ₹326 | 21.03 | ₹354.35 | +8.70% | ₹1,949.90 |
| Hariom Pipe Industries Ltd. | Mainboard | ₹130.05 Cr | ₹153 | 15.15 | ₹231.00 | +50.98% | ₹371.70 |
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 Purposes | 4.00 |
| Total | 21.43 |
About Maiden Forgings IPO
Updated on Aug 5, 2026
Contact Details
Maiden Forgings Ltd. AddressB-5, Arihant TowerBlock D Market, Vivek ViharDelhi, New Delhi, 110092+011-44796732cs@maidenforgings.inVisit Website