
Manufacturing · BSE
Incorporated in 2005, Maiden Forgings Limited manufactures and sells ferrous metal products, including steel bright bars, wires, profiles, collated pneumatic nails, and ground bars. With three manufacturing plants in Ghaziabad, Uttar Pradesh, the company has a total capacity of 50,000 tons per annum and serves over 450 B2B customers globally, including major OEMs like Prestige TTK, Everest, and UM Auto. Maiden Forgings has received multiple awards, including “Fastest Growth in Business” (2018), “Heroes Next Door” (2019), and “Most Versatile Company for Steel Bright Bar in India.” The IPO proceeds will be used for manufacturing expansion, working capital, general corporate purposes, and issue expenses.
Price Band
₹63
Issue Size
₹23.84 Cr
Lot Size
2000 shares
GMP
Est. Listing
₹63
at current GMP
Subscribed
100.00x
overall
Open
23 Mar 2023
Close
27 Mar 2023
Allotment
28 Mar 2023
Refund
29 Mar 2023
Demat Credit
30 Mar 2023
Listing
6 Apr 2023
Last updated: 19 Oct 2026
Current Premium
Issue Price (Upper)
₹63
Band: ₹63
Estimated Listing Price
₹63
Upper price + GMP
Lot Size
2000 shares
Min investment ₹1,26,000
Estimated Profit / Lot
₹0
2000 × ₹0
Grey Market Premium trend
—
▲ 0 today
Updated less than a minute ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | — | 0.0% | ₹63 |
| 30 Oct 2026 | — | 0.0% | ₹63 |
| 29 Oct 2026 | — | 0.0% | ₹63 |
GMP is unofficial market data. Not a guarantee of listing performance.
Maiden Forgings Limited is bringing an initial public offering (IPO) in the Manufacturing sector with an aggregate issue size of ₹23.84 Crores. The shares are offered at a price band of ₹63 to ₹63 per equity share on BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2023-03-27, the basis of allotment is scheduled to be finalized on 2023-03-28. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Maashitla Securities Private Limited) or the BSE allotment checking window.
The latest grey market premium for Maiden Forgings Limited IPO is ₹0, which indicates an expected listing price of ₹63.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.