Munish Forge Ltd IPO
Price Range
₹91 - ₹96
-
Min. Quantity
2,400 Shares
Closes on
3 October 2025
-
Min. investment
₹2,30,400
Munish Forge Ltd IPO Timeline
| Event | Date |
|---|---|
| Munish Forge Ltd IPO Opening Date | 30 September 2025 |
| Munish Forge Ltd IPO Closing Date | 3 October 2025 |
| Basis of Allotment | 6 October 2025 |
| Initiation of Refunds | 7 October 2025 |
| Credit of Shares to Demat | 7 October 2025 |
| Munish Forge Ltd IPO Listing Date | 8 October 2025 |
Munish Forge Ltd IPO Details
| Munish Forge Ltd IPO Date | 30 September 2025 to 3 October 2025 |
| Munish Forge Ltd IPO Face Value | ₹10 per share |
| Munish Forge Ltd IPO Price | ₹91 to ₹96 per share |
| Munish Forge Ltd IPO Lot Size | 2,400 |
| Issue Size | Shares of ₹10 (aggregating up to ₹73.92 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹61.02 Cr) |
| Offer for Sale | Shares of ₹10 (aggregating up to ₹12.9 Cr) |
| Issue Type | Book Building - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | Not more than -7,31,520 of the Net Offer |
| Retail Shares Offered | Not less than 25,60,320 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 14,82,480 of the Net Offer |
| Company Promoters | Davinder Bhasin, Dev Arjun Bhasin, Minakshi Bhasin |
Munish Forge Ltd IPO Lot Size
The Munish Forge Ltd IPO lot size is 2,400 shares. A retail-individual investor can apply for up to 0 lots (0 shares or ₹0).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 2,400 | ₹2,30,400 |
| Maximum | - | 0 | ₹0 |
- Strengths
- Risks
- Opportunities
- Experienced Promoters.
- Integrated manufacturing facility.
- Quality Assurance and Control.
- Quality Driving Global Reach.
- Financial Track Record.
- Relationship with our Customers.
- Raw Material Risk.
- Manufacturing Capacity.
- Global Presence.
- In-house manufacturing facility with equipped technologies and processes.
Company Financials
Munish Forge Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 113.22 | 161.58 | 4.39 |
| 03-2023 | 107.01 | 161.18 | 1.97 |
| 03-2022 | 121.41 | 125.1 | 1.43 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Capital expenditure towards Civil construction and Purchase of additional Plant & Machinery
- Repayment/Pre-payment of Certain Debt Facilities
- Working Capital Requirements
- General Corporate Purposes
Munish Forge Ltd IPO Promoter Holding
| Pre Issue Share Holding | 69.92% |
| Post Issue Share Holding | 45.87% |
Munish Forge Ltd IPO Subscription Status (Bidding Detail)
The Munish Forge Ltd IPO is subscribed 3.3524 times on 3 October 2025 05:00:00 PM. The public issue subscribed 2.6565 times in the retail category, -8.0906 times in the QIB category, and 3.8724 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | -8.0906 | 3.8724 | 2.6565 | - | 3.3524 |
Munish Forge Ltd IPO Prospectus
Munish Forge Ltd IPO Listing Date
| BSE Script | |
| NSE Symbol | |
| Listing In | NSE - SME |
| ISIN | INE1K8Y01018 |
| IPO Price | ₹- |
| Face Value | ₹- |
Company Contact Information
Village Gobindgarh Adjoining-Phase VII Focal Point,Ludhiana-141010
Phone: +91-161-5218 900
Email: cs@munishforge.com
Website: www.munishforge.com
Munish Forge Ltd IPO Registrar
Munish Forge Ltd IPO Lead Manager(s)
- Gretex Corporate Services Ltd
How to Check the Allotment Status of Munish Forge Ltd IPO?
To check the IPO allotment status, follow these steps:
- Visit the official website of the IPO registrar.
- Navigate to the IPO Allotment Status page.
- Select “Munish Forge Ltd” from the list of available IPOs.
- Enter any one of these - PAN Number, Application Number, DP/Client ID.
- Click on Submit to view your allotment status.
About Munish Forge Ltd IPO
Munish Forge Limited was initially established by the Promoter, Mr. Davinder Bhasin, under the name of 'Gaisu Forge Private Limited with the main object in manufacturing forged components like cycle parts, electrical insulator parts and metalwork on July 25, 1986 with the Registrar of Companies, Punjab, Himachal Pradesh & Chandigarh. The Company changed the name from Gaisu Forge Private Limited to Munish Forge Limited, transitioning from a private to a public entity, marking a significant milestone in growth by the addition of new products like Flange, further expanding its business operations on May 3, 1995. The Company restructured again and changed its status from a Limited Company to a Private Limited Company as Munish Forge Private Limited in 2002. Subsequently, Company was again