214  Total SME IPOs listed in 2025

9,804.70 Crs.  Total funds raised in 2025

145  SME IPOs listed with Gain in 2025

69  SME IPOs listed with loss in 2025

214  Total SME IPOs listed in 2025

9,804.70 Crs.  Total funds raised in 2025

145  SME IPOs listed with Gain in 2025

69  SME IPOs listed with loss in 2025

214  Total SME IPOs listed in 2025

9,804.70 Crs.  Total funds raised in 2025

145  SME IPOs listed with Gain in 2025

69  SME IPOs listed with loss in 2025

214  Total SME IPOs listed in 2025

9804.70 Crs.  Total funds raised in 2,025.00

145  SME IPOs listed with Gain in 2025

69  SME IPOs listed with loss in 2025

Maiden Forgings IPO (Maiden Forgings Limited IPO) Detail

Maiden Forgings Limited is an Steel based company, located in New Delhi, Maiden Forgings Limited IPO size was 23.84 Cr. and was issued at 63.00 per share. The share of Maiden Forgings Limited were listed at 63.00 per share and are currently trading at 79.51 per share.

Type :
Sub Sector : Manufacturing And Sales Of Ferrous Metal Products
SME IPO
BSE SME

Financial Summary (at the time of ipo, on annualised basis)

Revenue :
218.41 Cr.

PAT :
10.69 Cr.

Pricing Report

Issue Price :
63.00

Listing Price :
63.00

Current Market Price :
79.51

Issue Price vs CMP :
16.51 (26.21%)

listing Price vs CMP :
16.51 (26.21%)

Performance Report (CAGR* wise)

CAGR : 9.71
-ve 0 6 9 12+
Above Average

*CAGR is calculated basis issue price at the time of IPO and Current Market Price without taking into Consideration Bonus/Right issue.

*Stock splits/Reverse Stock Split are adjusted in Issue price while calculating CAGR and current performance.

About Maiden Forgings

Company Information
Maiden Forgings was incorporated on February 11, 2005 as a private limited company under the provisions of Companies Act, 1956 with Registrar of Companies, Delhi in the name and style of Maiden Forgings Private Limited. In 2022, the Company’s name changed to Maiden Forging Limited following its conversion into a public limited company. The Company since its inception has been engaged in the business of manufacturing and sales of ferrous metal products including steel bright bars, wires, profiles and ground bars. The Promoters of the Company has a vast experience of over 34 years in this field. Late Shri Sanjay Garg, founded the Company along with his uncle in 2005. Prior to that the business was being conducted through proprietorship since 1988. In year 2011,
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Object of Issue
  • Consolidation and expansion of the manufacturing facilities
  • Working Capital and General Corporate Purpose
  • Issue Expenses

Maiden Forgings SME IPO Details (at the time of IPO)

IPO Type :
Book Building
IPO Date :
Apr, 2023
IPO Size :
23.84 Cr.
Market Cap :
89.54 Cr.   
IPO Subscription :
1.20 X     
PE Multiple :
8.38
Anchor Investors:
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FAQs

Maiden Forgings operates in Steel and Manufacturing And Sales Of Ferrous Metal Products. The Issue is listed on BSE SME in Apr, 2023. Maiden Forgings IPO size was 23.84 Cr. with Issue price of 63.00 .

Maiden Forgings IPO subscription was 1.20 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Maiden Forgings IPO listed at a listing price of 63.00 against the offer price of 63.00.

The current market price of Maiden Forgings is 79.51.

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