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March 23, 2023 - March 27, 2023

Maiden Forgings IPO Subscription Details

Maiden Forgings IPO Subscription Status Live

Maiden Forgings IPO subscribed 1.20 times. The public issue subscribed 1.12 times in the retail category, 1.00 times in QIB, and 1.42 times in the NII category by March 27, 2023 (Day 3).

Investor CategorySubscription (times)Shares OfferedShares Bid forTotal Amount (Rs Cr.)*
Qualified Institutions1.00360,0003,60,0002.27
Non-Institutional Buyers1.421,160,00016,46,00010.37
Retail Investors1.122,264,00025,44,00016.03
Total 1.203,784,00045,50,00028.67

Total Application : 1,358 (1.20 times)

Disclaimer: *The total amount is calculated based on the final issue price or the price in the upper price range.

* Market Maker portion of 190,000 equity shares not included.

Maiden Forgings IPO (Day-wise) Subscription Details (times)

Day 1
March 23, 2023
Day 2
March 24, 2023
Day 3
March 27, 2023

Maiden Forgings IPO Shares Offered

Maiden Forgings IPO is a public issue of 3,974,000 equity shares. The issue offers 2,264,000 shares to retail investors, 360,000 shares to qualified institutional buyers, and 1,160,000 shares to non-institutional investors.

CategoryShares OfferedAmount (Rs Cr) Size (%)
Market Maker190,0001.204.78%

IPO Investor Categories

  • Qualified Institutional Buyers (QIB)

    Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes of insurance companies, and pension schemes.

  • Non-Institutional Investors(NII)

    Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc who bid for shares worth more than Rs 2 lakhs are known as Non-institutional bidders (NII). Unlike QIB bidders, they do not need SEBI registration.

    NII category has two subcategories:

    1. sNII (bids below Rs 10L)

      The Small NII category is for NII investors who bid for shares between Rs 2 lakhs to Rs 10 lakhs. The 1/3 of NII category shares are reserved for the Small NII sub-category. This subcategory is also known as Small HNI (sHNI).

    2. bNII (bids above Rs 10L)

      The Big NII category is for NII investors who bid for shares worth more than Rs 10 Lakhs. The 2/3 of NII category shares are reserved for the Big NII subcategory. This subcategory is also known as Big HNI (bHNI).

  • Retail Individual Investors(RII)

    The retail individual investor or NRIs who apply up to Rs 2 lakhs in an IPO are considered as RII reserved category.

  • Employee (EMP)

    A category of eligible employees who have a reserved quota in the IPO.

  • Others

    A category of eligible shareholders or other investors who have a reserved quota in the IPO.

What is the difference between RII, NII, QIB and Anchor Investor?

Disclaimer: The above information / data is sourced from National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) websites and is subject to change in real time. For latest information / data, please refer to the respective websites. The information / data provided here in is for informational purposes only and is provided by on "AS IS" and "AS AVAILABLE" basis and without warranty, express or implied. does not warrant the accuracy, adequacy or completeness of the information you obtain through the above websites. shall not be liable in any way for any discrepancies, errors, omissions, losses or damage., including its affiliates and its directors, staff and employees, shall not be liable for any loss, damage of any kind, including but not limited to direct, indirect, punitive, exemplary, consequential damages and lost profits arising in any way out of the use of information / data obtained through the said websites. The recipient alone is fully responsible / liable for any decision made based on this information / data. All recipients, before relying on the said information, should do their own research and seek appropriate professional advice.

Maiden Forgings IPO Subscription FAQs

The Maiden Forgings IPO is subscribed 1.20 by March 27, 2023.

Maiden Forgings IPO Subscription

Investor CategorySubscription (times)
Qualified Institutional1.00
Non Institutional1.42
Retail Individual1.12
Employee Reservations[.]
Total Subscription1.20

Retail category of Maiden Forgings IPO subscribed 1.12 times as of date March 27, 2023. The public issue closes on March 27, 2023 for bidding.

An investor can apply in Maiden Forgings IPO online via bank (using ASBA) or the broker (using UPI). The Maiden Forgings IPO shares are offered online only.

The Maiden Forgings IPO is subscribed 1.20 by March 27, 2023.

The Maiden Forgings IPO allotment status is expected on or around March 31, 2023. Visit Maiden Forgings IPO allotment status to check.

The Maiden Forgings IPO listing date is Thursday, April 6, 2023. The equity share of Maiden Forgings Limited will list on BSE SME.

Visit Maiden Forgings IPO subscription status page for real-time bidding information about Maiden Forgings IPO.

Maiden Forgings IPO Timetable

IPO Opens OnMarch 23, 2023
IPO Closes OnMarch 27, 2023
Finalisation of Basis of AllotmentMarch 31, 2023
Initiation of RefundsApril 3, 2023
Credit of Shares to Demat AccountApril 5, 2023
IPO Listing DateApril 6, 2023