munish forge limited

munish forge limited

MUNISH • ISIN: INE1K8Y01018

NSE
SME

Listing Price: ₹105

+9.38% Gain
About Company

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.

Investment Objective

Capital expenditure towards Civil construction and Purchase of additional Plant & Machinery

Repayment/Pre-payment of Certain Debt Facilities

Working Capital Requirements

General Corporate Purposes

₹91 to ₹96

Price Band

73.92 Cr

Issue Size

1.15 L

Min Investment

1200 shares

Lot Size

16.16x

P/E Ratio

Important Dates

Issue Opens

30 Sept 2025

Issue Closes

3 Oct 2025

Allotment

6 Oct 2025

Listing

8 Oct 2025

Subscription Status
QII

Qualified Institutional Investors

1.62x

5,918,400 / 3,656,400 shares

HNI (>₹10L)

High Networth Individuals (Above ₹10 Lakhs)

6.46x

4,725,600 / 732,000 shares

NII (<₹10L)

Non-Institutional Investors (Below ₹10 Lakhs)

2.77x

1,015,200 / 366,000 shares

Retail

Retail Individual Investors

2.66x

6,801,600 / 2,560,800 shares

Financial Performance
Offer Documents
RHP
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DHRP
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Issue Details
Issue TypeBB
Face Value₹10
Lead ManagersGretex Corporate Services Ltd.
Min Quantity2,400
Max Quantity5,208
Company Promoters
Mr. Davinder Bhasin
Mr. Dev Arjun Bhasin
Ms. Minakshi Bhasin
+3 more
Website

https://munishforge.com/

Email

cs@munishforge.com

Phone+91 94177 30280
Address

Munish Forge Ltd.
Village-Gobindgarh,
Adj. Phase-VII
Focal Point,
Ludhiana, Punjab, 141010