IPO Ideas
Munish Forge Limited IPO logo

Munish Forge Limited IPO

BBSMENSEListed
Listed at
105
+9.38%

Munish Forge Limited IPO is a SME book building IPO. Issue size is 73.92 Cr. Price band is ₹91 to ₹96 per share. Minimum investment is ₹2.30 L. Lot size is 1200 shares. Open from 30 Sept 2025 to 3 Oct 2025. Allotment on 6 Oct 2025. Listing on 8 Oct 2025 at NSE. Managed by Gretex Corporate Services Ltd.. Registrar: Skyline Financial Services Private Ltd. Key details for GMP, subscription, price, allotment, and listing in one place.

Official documents: RHP and DRHP.

Munish Forge Limited IPO overview

Munish Forge Limited IPO Key figures

Price band, lot, minimum application, and issue window at a glance.

Price band
₹91 to ₹96
Lot size
1200 shares / lot
Min investment
₹2,30,400
Issue open – close
30 Sept 2025 → 3 Oct 2025

Munish Forge Limited IPO important dates

Issue Opens
30 Sept 2025
Issue Closes
3 Oct 2025
Allotment
6 Oct 2025
Listing
8 Oct 2025

Munish Forge Limited IPO lot size

CategoryLotsSharesAmount
Retail (Min)22,4002,30,400
S-HNI (Min)33,6003,45,600
S-HNI (UPI)44,8004,60,800
S-HNI (Max)89,6009,21,600
B-HNI (Min)910,80010,36,800

About Munish Forge Limited IPO

From the company / RHP narrative.

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.

Objective of the issue

How the issuer plans to use IPO proceeds.

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 Limited IPO FAQs
A quick overview of key terms, dates, and how to track this IPO.

Documents & links

Prospectus, draft filings, and company site open in a new tab.

Registrar

Details about the registrar of the issue.

Registrar Name
Skyline Financial Services Private Ltd
Phone
2228511022
Address
D-153A, 1st Floor, Okhla Industrial Area, Phase-I, New Delhi -110020

Issue details

Key details about the issue, including the face value, lot size, and minimum investment.

Issue Type
BB
Face Value
10
Lead Managers
Gretex Corporate Services Ltd.
Min Quantity
2,400
Company Promoters
Mr. Davinder Bhasin,Mr. Dev Arjun Bhasin,Ms. Minakshi Bhasin,Munish Promoters,Developers Private Limited,Dev Arjuna Enterprises Private Limited.
Phone
+91 94177 30280
Address
Munish Forge Ltd. Village-Gobindgarh, Adj. Phase-VII Focal Point, Ludhiana, Punjab, 141010

Related articles

Research posts and updates that reference this company or theme.

Follow IPO & unlisted research in the app, available on iOS and Android.