March 23, 2023
admin
Maiden Forgings IPO Particulars & Guidance at Chanakyanipothi.com,
the Oldest & the most Trusted Investment Blog in India. Operational since 8th December 1999, this is the Only Investment Platform in India, which has successfully completed 23 Years.
Maiden Forgings IPO Guidance:
Though IPO size is somewhat large, the retail portion can be oversubscribed by just 629 applications. so, oversubscription is natural. The pricing is also reasonable. No quotes are seen in the grey market. Small listing gains possible.
Maiden Forgings IPO Grey Market updates
For latest updates, Click
Maiden Forgings IPO Subscription Status
On 23 March 2023 @ 12.00 (Day1)
QIB: 360000 Shares, 0.44T
NII: 1160000 Shares, 0.07T
RII: 2264000 Shares, 0.02T
Total: 3784000 Shares 0.07T
Maiden Forgings IPO Particulars & Guidance: About the business
The Company is in the business of manufacturing and sales of diversified ferrous metal products and focuses on providing customized and specialized solutions to a diverse client base across different industries.
Maiden specializes in design and manufacture of different type of ferrous metal products including
carbon steel, stainless-steel and alloy steel, mainly in the form of drawn products like bright bars,
wires, profiles and ground bars. Its fully integrated infrastructure consists of steel melting shops,
rolling mills and finishing machines installed at its three manufacturing facilities (Unit-1, II & III),
located at Kavi Nagar Industrial Area, Ghaziabad, Uttar Pradesh. These manufacturing facilities are
spread over around 12,500 square yards land area having combined aggregated manufacturing
capacity of 50000 MT/p.a.
The Company set up its first manufacturing plant in 2011 at Kavi Nagar Industrial Area at Ghaziabad. In 2015, the Company established its second plant nearby. The third plant of the Company started operations in 2018, also in Ghaziabad.
Over the last few years, our Company has focused extensively on research and technology development, quality measures and on adding new specialized products to its product portfolio besides offering
customized solutions as per requirement of the customers. In 2022, our Company installed a new dedicated production line for manufacturing of collated pneumatic nails as a part of forward integration strategy. By these measures, the Company has created a niche for itself in a commoditized market, otherwise dominated by general wire and bar manufacturers. Our Company has been awarded thrice recently in the year 2018 with the ‘fastest growth in our business category’ award through business sphere magazine conferred by Hon’ble cabinet minister Dr. Harshvardhan, “heroes next door award” in the year 2019 conferred by Hon’ble cabinet minister Gen. V.K. Singh and the “most versatile company for steel Bright bar in India” conferred by Business Sphere.
Our products are used across industries like automobile, engineering, infrastructure, hardware, utensils etc. Our major customers are spread across states Delhi, Rajasthan, Gujarat, Maharashtra and Uttar Pradesh. Our Company has been exporting small volumes to mainly to US. The exports are likely to grow significantly as recently installed collated pneumatic nail plant becomes fully operational.
For more information about the company, Click https://maidenforgings.in
| Maiden Forgings IPO Details | |
| IPO opens on Tentative | 23 March 2023 |
| IPO closes on | 27 March 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 3784000 Sh /Rs 23.84 Cr |
| * Fresh Issue | 3784000 Sh /Rs 23.84 Cr |
| * Offer for Sale | – Sh /Rs – Cr |
| Face Value per share: | Rs. 10 |
| Price Band | Rs.60-63 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 2000Shares |
| Listing will at | BSE Sme |
| Shares offered to | ||
| Shares | Rs. (Cr) | |
| QIB (50 %) | 360000 | – |
| NII (15 %) | 1160000 | – |
| RII (35 %) | 2264000 | – |
| Total Shares | 3594000 | 22.64 |
| Retail portion will be oversubscribed by | 1132 | |
| Forms | ||
| How much Shares to Apply? | ||
| Min Retail Application | 2000 Sh | Rs. 126000 |
| Min HNI Application | 4000 Sh | Rs. 252000 |
Promoters of the IPO
MR. NISHANT GARG AND MS. NIVEDITA GARG
Objects of the IPO:
The Company proposes to utilize the Net Proceeds from the Issue towards
1. Consolidation and expansion of the manufacturing facilities;
2. Working Capital and General Corporate Purpose;
| IPO Tentative timetable | |
| IPO opens on | 23 March 2023 |
| IPO Closes on | 27 March 2023 |
| IPO Allotment on | 31 March 2023 |
| Unblocking of ASBA | 3 April 2023 |
| Credit of Shares | 5 April 2023 |
| Listing on | 6 April2023 |
| Registered Office of the Company |
| B-5, Arihant Tower, Block D Market, Vivek Vihar, East Delhi, New Delhi – 110092, India |
| IPO Lead Managers |
| Share India Capital Services Pvt. Ltd |
| Registrar to the IPO |
| Maashitla Securities Pvt. Limited |
| IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Cr | Rs. | % | |
| 2019-20 | 204.40 | 1.66 | 3.57 | 7.77 |
| 2020-21 | 199.37 | 1.69 | 3.24 | 5.83 |
| 2021-22 | 210.84 | 2.14 | 4.10 | 6.87 |
| Book Value of the Share on | 31.12.2022 | Rs.38.30 | ||
| Book Value of the Share | after the IPO | Rs.- | ||
| Offer Price | Rs. 63 | |||
| Ratio Analysis | |
| Upper Price/last EPS | 15.37 |
| Upper price/BV Ratio | 1.64 |
| Upper price/BV after IPO | – |
–
Maiden Forgings IPO Particulars & Guidance
Peer Comparison:
| As on date of DRHP | FV | Income | PE |
| Rs. | in Cr | Ratio of | |
| The IPO Company | 10 | 210.84 | 15.36 |
| Bharat Wire rope | 10 | 19.26 | |
| Geekay Wires | 7.69 | ||
| Metal Coatings | 28.50 | ||
# This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
>>Go to Mainboard IPOs Section: Click
>>Get Good Staff or Job, Click: Staffavailable.com
>>Interested in Used Automobiles or vintage cars? Click: BigGaddi.com
>>Get solid Guidance on Mutual fund Investments, Click: ChanakyaMFGuidance.com
>>Study Stock Research Reports, Click: AnalysisLibrary.com
>>Interested in Crossword Puzzles? Click: Magajmari.com