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| IPO Listing At | BSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹23.84 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹23.84 Cr |
| Fresh Issue | ₹22.64 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹60.00-63.00 per share |
| Discount | Retail: 0.00 |
| BSE Code | 543874 |
| Registrar | Maashitla Securities Pvt.Ltd. |
| Lead Managers | Share India Capital Services... |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 2,000 shares and in multiples thereof
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.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | 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 |
| 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 | ||||
| KPI | |
|---|---|
| ROE | 6.87% |
| ROCE | 16.97% |
| Debt / Equity | 0.66% |
| RoNW | 6.87% |
| PAT Margin | 1.01% |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 4.10 | |
| P/E (x) | 8.38 | |
| Promoter Holding | 100% | 73.37% |
| Market Cap | ₹89.54 Cr. | |
