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March 23, 2023 - March 27, 2023

Maiden Forgings IPO FAQ

Maiden Forgings IPO Date & Price

The Maiden Forgings IPO opens on March 23, 2023 and closes on March 27, 2023.

Maiden Forgings IPO timetable / schedule is as below:
  • Bid/Offer Opens On: March 23, 2023
  • Bid/Offer Closes On: March 27, 2023
  • Finalization of Basis of Allotment: March 31, 2023
  • Initiation of refunds: April 3, 2023
  • Credit of Equity Shares: April 5, 2023
  • Listing Date: April 6, 2023

Maiden Forgings IPO price is set at ₹63 per equity share.

Maiden Forgings IPO will close for subscription at 5 PM on March 27, 2023. But most brokers stop accepting application between 1 PM to 3 PM.

The Maiden Forgings IPO starts on March 23, 2023. The issue ends on March 27, 2023.

Maiden Forgings IPO Issue Size and Subscription Status

The Maiden Forgings IPO size is 3784000 Equity Shares of ₹10 aggregating up to ₹23.84 Cr.

Maiden Forgings Limited is selling its shares to the public through an Initial Public Offer (IPO). Retail investors can apply online for Maiden Forgings IPO shares through the banks (using ASBA) or through the broker (using UPI).

Maiden Forgings IPO Offer Size

Qualified Institutional Buyers (QIB)360,000 Shares
Non-Institutional Investors (NII)970,000 Shares
Retail Individual Investor (RII)2,264,000 Shares
Employee Reservations0 Shares
Other Reservations0 Shares
Total Issue Size3,784,000 Shares

Maiden Forgings IPO IPO Subscription Status

Qualified Institutional Buyers (QIB)1.00 times times
Non-Institutional Investors (NII)1.42 times times
Retail Individual Investor (RII)1.12 times times
Employee Reservations times
Other Reservations times
Total Issue Size1.20 times times

Click here to check the Maiden Forgings IPO live subscription status.

If you have a demat account, most banks offer the online IPO application. You could also contact your broker to apply in Maiden Forgings IPO.

Zerodha, the largest stockbroker in India, offers an online IPO application. You can apply for an IPO online with Zerodha by visiting https://zerodha.com/ipo

You could check Maiden Forgings IPO Grey Market Premium (GMP Rate) by visiting our IPO Grey Market Price (Message Board). Note that there is no official source of GMP Rate as it's a black market.

Maiden Forgings IPO Allotment and Listing

The Maiden Forgings IPO allot status will be available online on March 31, 2023. Check the Maiden Forgings IPO Allotment Status here.

Click here to check Maiden Forgings IPO Allotment Status.

Maiden Forgings IPO listing Date is April 6, 2023. The regular trading starts at 10 AM on listing day.BSE and NSE allow a pre-open trading on listing day. This 45 minutes session starts at 9 AM and ends at 9:45 AM. This session allows buyers and sellers to place/ modify /cancel orders. The next 15 minutes are for price discovery and processing orders placed in the pre-open trading session. The Maiden Forgings IPO listing date and time is published by the exchange in a circular.

Click here to view the Maiden Forgings IPO Basis of Allotment.

It is hard to say at what price Maiden Forgings IPO Shares will list. The price varies by the demand and supply of IPO shares on the day of listing.

The Maiden Forgings IPO shares will list on April 6, 2023 at BSE SME.

Maiden Forgings IPO - Should I apply?

Visit our IPO Analysis and Recommendations page to view IPO Notes from experts.

Sorry, we do not provide IPO recommendations. But we share a lot of information about Maiden Forgings IPO which could help you with questions like Maiden Forgings IPO buy or not? You should also read Maiden Forgings IPO Analysis from experts and check the daily subscription status.

It actually depends on many factors. This includes company financials, segment outlook, market situation, issue pricing, the background of promoters, lead managers performance, company strengths, risks and oversubscription. You should read the prospectus document, IPO Analysis from experts and follow the subscriptions.

Maiden Forgings IPO listing day gains are highly unpredictable as depends on many factors on the day listing. It depends on factors like the demand (IPO oversubscription), the market situation on the day of listing, Issue size etc.

Visit our IPO Performance Tracker to check the Maiden Forgings IPO performance. The performance reports are available 1 day after listing.