Maiden Forgings IPO Particulars & Guidance at Chanakyanipothi.com,
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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

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;

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