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March 23, 2023 - March 27, 2023

Maiden Forgings IPO Review & Recommendations

Dilip Davda has given "May Apply" recommendation to Maiden Forgings IPO.

Maiden Forgings IPO Review Summary from brokers and analysts

Review By Apply May Apply Neutral Avoid Not Rated
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Maiden Forgings IPO Analysis By Brokers/Analysts

Reviewer Recommendation Past Reviews
Dilip Davda May Apply

Maiden Forgings IPO Review by Dilip Davda (May apply)

[Dilip Davda]  MFL is having forging activities at a minuscule level. It is currently engaged in the business of ferrous metal products with diverse product ranges and has added high-margin products like carbon steel and alloy. It is expanding its capacity in such high-margin products. However, based on annualized FY23 earnings the issue appears fully priced discounting all near-term positives. Well-informed/cash surplus investors may park funds for long-term rewards. Read detail review...


Maiden Forgings IPO Review by Members

Maiden Forgings IPO Reviews, analysis and views by popular members. Read Maiden Forgings Limited IPO reviews by retail investors to find recommended ipo to buy.

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Maiden Forgings IPO Review Summary by Members

Review By Apply May Apply Neutral Avoid
Count 3 0 1 1
% 60.00 0.00 20.00 20.00
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Member Review
IndiInvetsor

Apply for Long Term at Upper Price Band

Good IPO with strong object clause. The company has strong asset base, which will further increase. This shows clarity in thoughts. Young and dynamic promoter

March 26, 2023 11:08:41 PM
CAhsBlr

Neutral

May apply but bit risky.

March 24, 2023 12:19:02 PM
Indian SME Investor

Apply for Long Term at Upper Price Band

Very good IPO, Company has generated average EBIDTA of Rs. 13 crores annually during last two fiscals despite COVID, which is in line with Rs. 17.62 crores in current fiscal 9 months. Company has good book networth of around Rs. 40 crores and given ownership of properties, fair value of networth could be significantly higher than IPO valuation. IPO funds proposed to be used for expansion. Could have been main board listing candidate. Holding for long term could result in good gains.

I Like It. 2

March 23, 2023 8:39:16 AM
CA Sunil

Avoid

My view Aggressively price. Difficult to understand performance of 23. Looks to me thing fissy/abnormal in 23 working. Study/take advice from. Financial advisor before applying.

March 20, 2023 12:18:04 PM
JKS

Apply for Listing Gain at Upper Price Band

VERY GOOD IPO

I Like It. 3

March 18, 2023 2:40:40 PM

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