Munish Forge Limited IPO
NSE SME Allotment Awaited₹ 230400 /2400 Shares
*Min Investment
30 Sep, 2025
Open Date03 Oct, 2025
Close Date06 Oct, 2025
Allotment Date08 Oct, 2025
Listing DateMunish Forge IPO Live Subscription Details
Munish Forge IPO Issue Details
- Issue Price ₹91-96 per equity share
- Face Value ₹10 Per Equity Share Issue Size
- Total Size 77,00,400 shares(aggregating up to ₹73.92 crore)
- Fresh Share 63,56,400 shares(aggregating up to ₹61.02 crore)
- Offer For Sale 13,44,000 shares(aggregating up to ₹12.9 crore)
- Listing at NSE SME
- Lead Manager Gretex Corporate Services Ltd.
- Registrar Skyline Financial Services Pvt.Ltd.
Market Lot Size
Investors can bid for a minimum of 2400 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 2 | 2400 | ₹2,30,400 |
| Retail(max) | 2 | 2400 | ₹2,30,400 |
| SHNI(min) | 3 | 3600 | ₹3,45,600 |
| SHNI(max) | 8 | 9600 | ₹9,21,600 |
| BHNI(min) | 9 | 10,800 | ₹10,36,800 |
Munish Forge IPO Reservation
Munish Forge IPO offers total 7700400 shares. Out of which 1462800 (18%) allocated to QIB, 1098000 (15%) allocated to NII,2560800 (33%) allocated to RII, NA (NA%) allocated to employees and 2193600 (29%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 2193600 (29%) | |
| Market Maker Shares Offered | 385200 (5%) | |
| QIB Shares Offered | 1462800 (18%) | |
| NII (HNI) Shares Offered | 1098000 (15%) | |
| bNII < ₹10L | 732000 (9.6%) | |
| sNII < ₹10L | 366000 (4.81%) | |
| Retail Shares Offered | 2560800 (33%) | |
| Total Shares Offered | 7700400 (100%) |
Munish Forge IPO Documents
Munish Forge IPO Details
Munish Forge Limited IPO is an SME IPO, priced at ₹91-96 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 77,00,400 equity shares, aggregating up to ₹73.92 crores..
The IPO bidding window is open from Sep 30, 2025 to Oct 3, 2025. The allotment is expected to be finalized on Oct 6, 2025, and the tentative listing date is Oct 8, 2025.
The minimum lot size for retail investors is 2400 shares, with a minimum investment of ₹2,30,400.
Gretex Corporate Services Ltd. is acting as the lead manager to the issue. The registrar of the IPO is Skyline Financial Services Pvt.Ltd., and
Munish Forge Valuations
Munish Forge Company Financials
| 31-Dec-24 | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|---|
| Assets | 146.78 | 113.22 | 107.01 | 121.41 |
| Revenue | 130.93 | 161.58 | 161.18 | 125.10 |
| Profit After Tax | 10.53 | 4.39 | 1.97 | 1.43 |
| Net Worth | 51.09 | 40.61 | 36.03 | 34.11 |
| Reserves & Surplus | 51.09 | 40.61 | 36.03 | 34.11 |
| Total Borrowing | 60.78 | 47.16 | 50.22 | 59.14 |
About Munish Forge Company
Established in July 1986, Munish Forge Limited produces components such as flanges, scaffolding, auto parts, tank tracks, bomb shells, fence posts, and steel accessories to customer and international standards. It supplies the Indian Army and defence, oil and gas, automobile, construction, and infrastructure industries.
Certifications such as ISO 9001:2015, ISO 14001-2015, IATF-16949-2016, PED (Pressure Equipment Directive) are held by the company.The organization produces crucial parts for the Indian Army, such as Battle Tank Track Chains and Bomb Shells. Stringent in-house and NABL-approved laboratory testing confirms its products are Defence-level compliant.
Munish Forge supplies numerous products internationally, adhering to global standards. Stringent quality checks ensure consistency in product lines.The firm applies contemporary manufacturing methods, such as induction furnaces and solar energy, to improve efficiency and reduce environmental degradation. Continued investment in technology and process development maintains Munish Forge competitive.
As of March 31, 2025, there are a total of 754 employees working for the company.
Munish Forge - Promoter(s)
Mr. Davinder Bhasin, Mr. Dev Arjun Bhasin, Ms. Minakshi Bhasin, Munish Promoters and Developers Private Limited and Dev Arjuna Enterprises Private Limited.
Pre Issue Share Holding : %
Post Issue Share Holding : %
Munish Forge IPO - Issue Objectives
Capital expenditure towards Civil construction and Purchase of additional Plant & Machinery
Repayment/Pre-payment of Certain Debt Facilities
Working Capital Requirements
General Corporate Purposes
Contact Details
Munish Forge
Village-Gobindgarh, Adj. Phase-VII, Focal Point, Ludhiana, Punjab, 141010
+91 94177 30280
Registrar Contact Details
Skyline Financial Services Private Ltd
02228511022
Munish Forge IPO - FAQs
Ans. Munish Forge Limited IPO is a SME IPO. The issue is priced at ₹91-96 per equity share. The minimum order quantity is 1200 Shares. The IPO opens on Sep 30, 2025, and closes on Oct 3, 2025. Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Munish Forge Limited IPO opens on Sep 30, 2025 and closes on Oct 3, 2025.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Munish Forge Limited IPO is 77,00,400 shares(aggregating up to ₹73.92 Cr).
Ans. The IPO price band is set between ₹91-96 per equity share.
Ans. To apply for Munish Forge Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Munish Forge Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Munish Forge Limited IPO is Oct 6, 2025.
Ans. The Munish Forge Limited IPO will be listed on Oct 8, 2025.
Ans. Follow the steps to check the allotment status for Munish Forge Limited IPO here.
