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Maiden Forgings IPO is a book build IPO listing on BSE SME exchange. The company is based in New Delhi and caters to Steel sector. Share India Capital Services Private is the merchant banker of Maiden Forgings IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 13th February 2023.
Maiden Forgings IPO open date is 23rd March 2023 and close date is 27th March 2023. IPO Allotment Date is 31st March 2023 and Listing date is 6th April 2023.Maiden Forgings IPO size is Rs 23.84 Cr. crores with IPO price of Rs 63.00 Cr.. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Share India Capital Services Private Limited is the book-running lead manager of the Maiden Forgings IPO. Maashitla Securities Private Limited is the Registrar and Market Maker is Share India Securities Limited for Maiden Forgings IPO.
Maiden Forgings IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Maiden Forgings IPO, based in New Delhi, operates in the Steel sector with a focus on Manufacturing and sales of ferrous metal products. The company is launching its SME IPO on the BSE SME exchange, using the Book Building Issue method. Maiden Forgings IPO size is ₹ 23.84 Cr. Crores with fresh issue size of Rs 23.84 Cr. Crores and Offer for sale being Nil.
The IPO allotment date for Maiden Forgings IPO is expected to be 31st March 2023, after the finalization of basis of allotment. Investors can check Maiden Forgings IPO allotment status on the registrars website, Maashitla Securities Private Limited. Maiden Forgings IPO refund dates are 3rd April 2023.
Maiden Forgings IPO is expected to be listed on 6th April 2023.
The upper price band for the Maiden Forgings IPO is set at ₹ 63.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Maiden Forgings IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Maiden Forgings IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 27th March 2023. After submission, funds are blocked until the basis of allotment of Maiden Forgings IPO is finalised.
The merchant banker for Maiden Forgings IPO is Share India Capital Services Private Limited . Share India Capital Services Private Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Maiden Forgings IPO RHP for further details.
The registrar for Maiden Forgings IPO is Maashitla Securities Private Limited. Investors can go to Maashitla Securities Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Maiden Forgings IPO through their official website or helpline.
Maiden Forgings IPO was subscribed 1.20 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 23.84 Cr.
Avg IPO Size (Sector Based)
:
₹ 32.34 Cr.
Sector: Steel
SME IPO so far:
26
Merchant Banker:
Share India
SME IPO by BRLM so far:
47
City:
New Delhi
SME IPO so far:
152
Revenue (annualised):
₹ 218.01 cr.
PE
Ratio:
8.38x
Average Sector PE Ratio: 16.09x
Maiden Forgings IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Maiden Forgings Financial Review Page
Merchant Banker(s) of Maiden Forgings IPO: Share India Capital Services Private Limited
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 72.25.
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