Business Standard

Maiden Forgings Ltd - IPO

Issue Type

Book Building - SME

Issue Size (₹ Cr.)

23.84 cr

Price Range (₹)

63

Lot Size

2000

Min Investment (₹)

1,26,000.00

Listing Exchange

BSE - SME

Open Date

23-Mar-2023

Close Date

27-Mar-2023

Listing Date

06-Apr-2023

Maiden Forgings Ltd News

    The Shares of Maiden Forgings Ltd have now been listed.

    Maiden Forgings Ltd IPO Details

    Initial public issue of upto 37,84000 equity shares of face value of Rs. 10.00 each (Equity Shares) of the company for cash at a price of Rs. 63 per equity share (including a share premium of Rs. 53 per equity share) (Issue Price) aggregating up to Rs. 23.84 crores (Issue / Offer). This issue includes a reservation of Rs. 1,90,000 equity shares aggregating up to Rs. 1.20 crores for subscription by market maker (Market Maker Reservation Portion). The issue less the market maker reservation portion is hereinafter referred to as the Net Issue. The issue and the net issue shall constitute Rs. 26.62 and Rs. 25.28, respectively, of the post-issue paid-up equity share capital of the company, respectively. The face value of the equity share is 10 and the issue price is Rs. 63. The issue price is 6.3 times of the face value of the equity shares.Bids can be made for a minimum of 2000 equity shares and in multiples of 2000 equity shares thereafter.

    Objective of issue

    Consolidation and expansion of the manufacturing facilities. Working capital. General corporate purposes.

    Maiden Forgings Ltd Contact Details

    Maiden Forgings Ltd, 451 Krishna Apra Bus, Netaji Subhash Place, Pitampura, New Delhi-110034

    Phone - 011-45121795

    Fax - 01145121795

    Email - cs@maidenforgings.in

    Website - https://maidenforgings.in