MUNISH • ISIN: INE1K8Y01018
Incorporated in July 1986, Munish Forge Limited manufactures components, including flanges, scaffolding, auto parts, tank tracks, bomb shells, fence posts, and steel accessories, according to customer specifications and international standards. It serves the Indian Army and industries such as defence, oil and gas, automobile, construction, and infrastructure.
The company holds certifications like ISO 9001:2015, ISO 14001- 2015, IATF- 16949- 2016, PED (Pressure Equipment Directive).
The company manufactures key components for the Indian Army, including Battle Tank Track Chains and Bomb Shells. Rigorous testing in-house and at NABL-certified labs ensures its products meet Defence-level standards.
Munish Forge exports many products globally, ensuring compliance with international standards. Strict quality controls maintain reliability across product lines.
The company uses modern manufacturing techniques, like induction furnaces and solar power, to enhance efficiency and minimise environmental impact. Ongoing investment in technology and process improvements keeps Munish Forge competitive.
As of March 31, 2025, there is a total of 754 employees on the company's payroll.
Competitive Strength:
Integrated Manufacturing: From die design and forging to machining, heat treatment, plating, and packaging — all processes are handled in-house for better control and faster delivery.
Innovation-Driven Engineering: Use of CNC machines, robotic welders, CAD/CAM systems, and advanced simulation tools to maintain product reliability and reduce production time.
Clientele: Serves prestigious OEMs (Original Equipment Manufacturers) and Tier-1 suppliers across Europe, North America, the Middle East, and India.
Capital expenditure towards Civil construction and Purchase of additional Plant & Machinery
Repayment/Pre-payment of Certain Debt Facilities
Working Capital Requirements
General Corporate Purposes
Price Band
Issue Size
Min Investment
Lot Size
P/E Ratio
Issue Opens
30 Sept 2025
Issue Closes
3 Oct 2025
Allotment
6 Oct 2025
Listing
8 Oct 2025
Qualified Institutional Investors
5,918,400 / 3,656,400 shares
High Networth Individuals (Above ₹10 Lakhs)
4,725,600 / 732,000 shares
Non-Institutional Investors (Below ₹10 Lakhs)
1,015,200 / 366,000 shares
Retail Individual Investors
6,801,600 / 2,560,800 shares
Issue Type | BB |
Face Value | ₹10 |
Lead Managers | Gretex Corporate Services Ltd. |
Min Quantity | 2,400 |
Max Quantity | 5,208 |
Company Promoters | Mr. Davinder Bhasin Mr. Dev Arjun Bhasin Ms. Minakshi Bhasin +3 more |
Website | |
Phone | +91 94177 30280 |
Address | Munish Forge Ltd. |