Maiden Forgings Ltd - IPO

Maiden Forgings Ltd IPO Details

Initial public issue of upto 37,84000 equity shares of face value of Rs. 10.00 each (Equity Shares) of the company for cash at a price of Rs. 63 per equity share (including a share premium of Rs. 53 per equity share) (Issue Price) aggregating up to Rs. 23.84 crores (Issue / Offer). This issue includes a reservation of Rs. 1,90,000 equity shares aggregating up to Rs. 1.20 crores for subscription by market maker (Market Maker Reservation Portion). The issue less the market maker reservation portion is hereinafter referred to as the Net Issue. The issue and the net issue shall constitute Rs. 26.62 and Rs. 25.28, respectively, of the post-issue paid-up equity share capital of the company, respectively. The face value of the equity share is 10 and the issue price is Rs. 63. The issue price is 6.3 times of the face value of the equity shares.Bids can be made for a minimum of 2000 equity shares and in multiples of 2000 equity shares thereafter.

Objective of issue

Consolidation and expansion of the manufacturing facilities. Working capital. General corporate purposes.

Maiden Forgings Ltd Contact Details

Maiden Forgings Ltd, 451 Krishna Apra Bus, Netaji Subhash Place, Pitampura, New Delhi-110034

Phone - 011-45121795

Fax - 01145121795

Email - cs@maidenforgings.in

Website - https:, maidenforgings.in