43  Total SME IPOs listed in 2025

1993.07 Crs.  Total funds raised in 2025

32  SME IPOs listed with Gain in 2025

11  SME IPOs listed with loss in 2025

43  Total SME IPOs listed in 2025

1993.07 Crs.  Total funds raised in 2025

32  SME IPOs listed with Gain in 2025

11  SME IPOs listed with loss in 2025

43  Total SME IPOs listed in 2025

1993.07 Crs.  Total funds raised in 2025

32  SME IPOs listed with Gain in 2025

11  SME IPOs listed with loss in 2025

43  Total SME IPOs listed in 2025

1993.07 Crs.  Total funds raised in 2025

32  SME IPOs listed with Gain in 2025

11  SME IPOs listed with loss in 2025

Maiden Forgings Limited IPO (Maiden Forgings IPO) Details

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 60.00 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 :
60.00

Issue Price vs CMP :
3 (4.76%)

listing Price vs CMP :
3 (4.76%)

Performance Report (CAGR* wise)

CAGR : -2.5
-ve 0 6 9 12+
Below 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,
Show More
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
IPO Registrar:
Maashitla Securities Private Limited
Anchor Investors:
Thinking of
Listing Your Business through
SME IPO?
We can Help!
Contact Us Today

See Other SME IPOs in New Delhi

A G Universal Limited

  Suppliers of high-end industrial MS Tubes

  New Delhi


Ace Integrated Solutions Limited

  Services Management

  New Delhi


Addictive Learning Technology Limited

  A professional upskilling and career services edtech platform

  New Delhi


Peer Companies Of This Sector

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 60.00.

Services

IPO Advisory
IPO Advisory
In-depth, experienced and seamless execution throughout the IPO Process.
IPO Readiness
IPO Readiness
IPO Roadmap by improving Business Efficiencies, Financial Parameters and Corporate Structure to become IPO ready.
Fund Raising
Fund Raising
Fuelling a company's growth through Pre IPO Fund Raise, Private Equity, and Angel Investing.
SME : Business Scaling
SME Business Upscaling
Provide support to build a scalable SME business by unleashing the SME potential.
Post IPO Montoring
Post IPO Mentoring
Assisting with post IPO regulatory requirements and Performance Monitoring to achieve the milestone of Mainboard migration.

Thinking of
Listing Your Business through SME IPO?

We can help! Contact Us

Why Us?

  • Leading portal for IPOs
  • End to End Solutions
  • Known for Transparency