Maiden Forgings Ltd

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.
Opens On Closes On
23-Mar-23 27-Mar-23
Money Payable On
Application Allotment
63.00 0.00
Minimum Application for shares in Nos : 2000 Further Multiples of : 2000
Cr Lead Managers to the Issue
Project Cost (.Cr) 0.00 Share India Capital Services Pvt Ltd
Project Financed through Current Offer (.Cr) 23.84  
Post Issue Equity Share Capital (.Cr) 14.21
Issue Price () 63.00
Consolidation and expansion of the manufacturing facilities
Working capital
General corporate purposes
Promoted By
Nishant Garg
Nivedita Garg
Listing At
Registrar to the Issue
No Data Available