What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the current subscription status of Maiden Forgings Limited IPO?

Maiden Forgings Limited IPO has received a total subscription of 100.00 times overall.

IPO GreyPremiumLIVE

Grey Market Intelligence

Maiden Forgings Limited

ListedSME

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

27 Mar 2023

Allotment

28 Mar 2023

Refund

29 Mar 2023

Demat Credit

30 Mar 2023

Listing

6 Apr 2023

Last updated 12 days ago

Overview Live GMP Subscription Status Allotment Status Filing Documents

Overall Subscription

100.00x

Total Demand

QIB Multiplier

0.00x

Institutions & Funds

NII / HNI

0.00x

High Net-Worth

Retail (RII)

0.00x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 100.00x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
Qualified Institutional (QIB)	1,892,063	—	0.00x
Non-Institutional (NII / HNI)	567,619	—	0.00x
Retail Individual (RII)	1,324,444	—	0.00x
Total	3,784,126	0	100.00x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 100.00x

Category	Applications Reserved	Applications Received	Times Subscribed
Retail (RII)	662	66,200	100.00x
HNIs (10L +)	4	400	100.00x
HNIs (2-10L)	20	2,000	100.00x
Total Applications	686	68,600	100.00x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

About Maiden Forgings Limited Public Issue & Market Profile

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.

Bidding & Quota Instructions:

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.

Allotment Reconciliation Schedule:

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.

Frequently Asked Questions

What is Maiden Forgings Limited IPO GMP today?

Currently, Maiden Forgings Limited IPO Grey Market Premium (GMP) is not actively quoted or is quoted flat at ₹0. The shares are expected to list close to the issue price band of ₹63 to ₹63 per equity share.

What is the expected profit per lot for Maiden Forgings Limited IPO?

The retail lot size is 2000 shares requiring a minimum application amount of ₹1,26,000. Expected listing price is ₹63 per equity share.

What is the issue size and price band for Maiden Forgings Limited IPO?

The Maiden Forgings Limited IPO aggregate issue size is ₹23.84 Crores with an equity price band set at ₹63 to ₹63 per equity share. The retail lot size is 2000 shares requiring a minimum capital outlay of approx. ₹1,26,000.

How can I check Maiden Forgings Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 100.00x (Retail: 0.00x, QIB: 0.00x, NII: 0.00x). You can track live multiples directly on our dedicated subscription page.

Where and when will Maiden Forgings Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Maashitla Securities Private Limited) and the BSE status verification website on or around 2023-03-28. Investors can verify status using PAN card or application number.

When is the listing date for Maiden Forgings Limited IPO?

Maiden Forgings Limited shares are scheduled to list on BSE on 2023-04-06.