Munish Forge IPO Details
The Munish Forge IPO is a book build issue with a total issue size of ₹73.92 cr, comprising of fresh issue of 5971200 equity shares., and a offer for sale of 1344000 equity shares. Munish Forge IPO opened for subscription on Sep 30, 2025 and closed on Oct 03, 2025. Munish Forge IPO is set price band at ₹91 to ₹96 per share, with a lot size of 1200 shares. Minimum investment for Retail investors was ₹230,400.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Oct 06, 2025, and listed on the NSE on Oct 08, 2025.
Skyline Financial Services Private Ltd has been appointed as the registrar. Gretex Corporate Services Pvt Ltd are the Book Running Lead Manager for the issue.
Before investing in the Munish Forge IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 91 – 96
- Lot Size
- 1200
- Issue Size
- ₹73.92 Cr
- Minimum Investment
- ₹230400 (2400 Shares)
- Listing Date
- 08 October 2025
Current GMP
₹3 (+3.13%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Munish Forge Limited
Munish Forge Limited
Incorporated in July 1986, Munish Forge Limited is engaged in the manufacturing of precision-engineered components such as flanges, scaffolding, auto parts, tank tracks, bomb shells, fence posts, and other steel accessories, produced as per customer specifications and international quality standards.
The company serves diverse sectors including defence, oil & gas, automobile, construction, and infrastructure, with the Indian Army as one of its key clients. It manufactures critical defence components such as Battle Tank Track Chains and Bomb Shells, which undergo stringent testing both in-house and at NABL-certified laboratories to meet defence-grade requirements.
Munish Forge holds multiple quality and process certifications, including ISO 9001:2015, ISO 14001:2015, IATF 16949:2016, and PED (Pressure Equipment Directive), reinforcing its commitment to international standards. The company also exports its products globally, ensuring reliability and compliance across markets.
To enhance efficiency and sustainability, the company employs modern manufacturing technologies, including induction furnaces and solar power systems, while continuously investing in technology upgrades and process improvements to maintain competitiveness.
As of March 31, 2025, the company has a workforce of 754 employees.
Munish Forge IPO Promoters
- Mr. Davinder Bhasin
- Mr. Dev Arjun Bhasin
- Ms. Minakshi Bhasin
- Munish Promoters and Developers Private Limited
- Dev Arjuna Enterprises Private Limited
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
0.00%
Munish Forge IPO Objective
The Company Munish Forge IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Capital expenditure towards purchase of additional Plant & Machinary and Modernization of old Machinery, civil construction and expansion of Solar PV Power Plant by 135 kWp
- Repayment/Pre-payment of Certain Debt Facilities
- Working Capital Requirements
- General Corporate Purposes
Address / Contact Info
Munish Forge Ltd.
Village-Gobindgarh,
Adj. Phase-VII
Focal Point,
Ludhiana, Punjab, 141010
Phone: +91 94177 30280
Email: cs@munishforge.com
Website: https://munishforge.com/
IPO Snapshot
Book Running Lead Managers
- Gretex Corporate Services Pvt Ltd
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Munish Forge IPO is a Book-building IPO with a total issue size of ₹73.92 crore. The Munish Forge IPO price band is ₹91 to 96 per share. The Munish Forge IPO subscription opens on Tue, Sep 30, 2025, and closes on Fri, Oct 3, 2025. The Munish Forge IPO will be listed on the NSE. Skyline Financial Services Private Ltd is the registrar for the Munish Forge IPO.
The Munish Forge IPO opens on Tue, Sep 30, 2025 and closes on Fri, Oct 3, 2025
Munish Forge IPO Price Band is ₹91 to 96 per share.
Munish Forge IPO lot size is 1200 shares, Retail investors need a minimum investment of ₹230400 based on the upper price band
The minimum investment for Munish Forge IPO is ₹230400, based on one lot of 1200 shares at the upper price band of ₹96 per share.
Investors can apply for the Munish Forge IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Oct 3, 2025. The application amount remains blocked until the Munish Forge IPO allotment is finalized.
Munish Forge IPO issue size is ₹73.92 crores.
Munish Forge IPO allotment date is Wed, Jul 1, 2026.
The registrar for Munish Forge IPO is Skyline Financial Services Private Ltd. Investors can go to Skyline Financial Services Private Ltd website to check Munish Forge IPO allotment status, refund processing, and other IPO-related information.
The Munish Forge IPO GMP (Grey Market Premium) is ₹3 as of Fri, Oct 3, 2025. Based on the upper price band of ₹96 per share, the estimated Munish Forge IPO listing price is ₹99, indicating a potential listing gain of approximately 0% over the issue price.