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IPO Synopsis

Maiden Forgings Ltd
Registered Office: B-5 Arihant Tower East Delhi,Block-D Market Vivek Vihar , Delhi - 110092 , New Delhi , India.
Phone : 91-11-44796732   Fax:
Email :  
Website :
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.

Issue Money Payable On
Opens On Closes On Application Allotment
23-Mar-23 27-Mar-23 (Rs)63.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :2000  Further Multiples of :2000

  (Rs Cr) Lead Managers to the Issue
Project Cost 0.00 Share India Capital Services Pvt Ltd
Project Financed through Current Offer 23.84  
Post Issue Equity Share Capital 14.21  
Issue Price (Rs)63.00  
Consolidation and expansion of the manufacturing facilities General corporate purposes
Working capital
Promoted By
Nishant Garg  
Nivedita Garg  
Listing At
Registrar to the Issue
No Data Found.

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