The IPO bidding window for Maiden Forgings Ltd. will be available for two days, March 22–24, 2023. The issuance contains 3,784,000 shares with a face value of Rs. 10 each. Investors can apply for a lot of 2000 shares.
The company, founded in 2005, manufactures and sells ferrous metal products such as steel bright bars, wires, profiles, collated pneumatic nails, and ground bars. They have three manufacturing plants in the Uttar Pradesh district of Ghaziabad. These plants have a total manufacturing capacity of 50,000 metric tons per year. Despite the fact that the company only began operations in 2005, the promoters have over 38 years of expertise in the industry. Maiden Forgings has over 450 B2B clients in India and overseas.
They are a primary supplier to several major Original Equipment Manufacturers (OEM) such as Prestige TTK, Everest, UM Auto, and others.
Maiden Forgings IPO Objective
- Consolidation of manufacturing plants
- To meet working capital requirements and general corporate purposes
- To meet issue expenses
Why should you invest in Maiden Forgings Ltd.?
These are the top reasons to consider investing in the IPO.
- They serve 450+ B2B clients, including major OEMs and Tier I and II suppliers to leading two-wheeler and four-wheeler manufacturers, with a diverse product portfolio.
- The company has received various awards, including the fastest growth in the business category (2018), the Heroes Next Door Award (2019), and the most adaptable Steel Bright Bar company in India.
- The company is growing and adding new goods such as collated pneumatic nails and oil-tampered induction wires.
Maiden Forgings Company Financials
| Particulars | Year ending on March 31, 2022 (₹ Lakh) | Year ending on March 31, 2021 (₹ Lakh) | Year ending on March 31, 2020 (₹ Lakh) |
|---|---|---|---|
| Revenue from Operations | 21050.98 | 19923.61 | 20412. 44 |
| Profit After Tax (PAT) | 213.94 | 168.94 | 165.95 |
| EPS (basic) | 4.10 | 3.24 | 3.57 |
| Current Ratio | 1.36 | 1.34 | 1.23 |
Know before investing
Strengths
- Able leadership and experienced management with over 30 years of industry experience.
- They have a strong marketing network with more than 450 customers for their products in various industries.
- In-house capability to produce all products in their manufacturing units.
Risks
- The company has pending cases against its customers for non-payment, and those may impact their financials.
- Underutilization of manufacturing capabilities can affect their future earnings.
- The steel industry is highly cyclical and volatile, impacting future operations, financial conditions, and cash flow.
Maiden Forgings Ltd. Noteworthy highlights
- They cater to the sectors of auto engineering, hardware, furniture, engineering, and others.
- The company also exports a small part of its products, primarily to the USA.
Maiden Forgings IPO FAQs:
Q1. What is Maiden Forgings Ltd. IPO?
Ans. Maiden Forgings Ltd. IPO contains 3,784,000 shares with a face value of Rs. 10 per share. The IPO will open for bidding on March 22, 2023.
Q2. When will the Maiden Forgings Ltd. IPO allotment be available?
Ans. The basis of the allotment date is March 29, 2023.
Q3. What will be the Maiden Forgings Ltd. IPO lot size?
Ans. One lot of the Maiden Forgings Ltd. IPO has 2000 shares.
Q4. When will Maiden Forgings Ltd. IPO open for subscription?
Ans. The IPO will open on March 23, 2023.
Q5. What minimum lot size can retail investors subscribe to?
Ans. Retail investors can apply for a minimum of one lot.
Q6. When will Maiden Forgings Ltd. list on exchanges?
Ans. The listing date of Maiden Forgings Ltd. is April 6, 2023.
Q7. What would be the listing gains on the Maiden Forgings Ltd. IPO?
Ans. Listing gain can’t be ascertained before the IPO is listed on the exchange. You can get this information on the listing date for Maiden Forgings Ltd. Ltd. which is April 05, 2023.
Q8. I have finished the application process for Maiden Forgings Ltd. IPO, but the funds are not yet debited. What is the reason?
Ans. The bank initially blocks the amount you bid for an IPO. It will debit the money when the shares are allotted or unblock the amount after the UPI mandate expiry date.
Q9. How to approve the UPI mandate request for Maiden Forgings Ltd. IPO?
Ans. Login to your UPI handle and approve the payment mandate to complete the IPO application process.
Q10. Can I submit more than one application for the public issue of Maiden Forgings Ltd. using one PAN?
Ans. You can submit only one application using one PAN card.
Q11. What is the minimum order quantity for Maiden Forgings Ltd. IPO?
Ans. The minimum size of the application will be one lot of 2000 shares.
