Indian SME Investor IPO Review

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IPO Reviews by Indian SME Investor

IPO	Review
Maiden Forgings Limited IPO	Apply 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. 2 March 23, 2023 8:39:16 AM

IPO

Review

Maiden Forgings Limited IPO

Apply

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.

March 23, 2023 8:39:16 AM

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