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 : cs@maidenforgings.in Website :https://maidenforgings.in

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 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

Projects

Consolidation and expansion of the manufacturing facilities Working capital General corporate purposes

Promoted By

Nishant Garg

Nivedita Garg

Listing At

BSE - SME

Registrar to the Issue

No Data Available