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
Count	0	1	0	0	0
%	0.00	100.00	0.00	0.00	0.00

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

Member	Review
JKS	Apply for Listing Gain at Upper Price Band VERY GOOD IPO 3 March 18, 2023 2:40:40 PM
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
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. 2 March 23, 2023 8:39:16 AM
CAhsBlr	Neutral May apply but bit risky. March 24, 2023 12:19:02 PM
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

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