munish forge limited IPO
IPO Overview
Munish forge limited IPO is a SME public issue offered through a Book Building issue with a total issue size of ₹73.92 Cr. The IPO price band is set at ₹91 to ₹96 per share, and retail investors can apply with a minimum investment of ₹2.30 L as per IPO guidelines.
The Munish forge limited IPO opens on 30 Sept 2025 and closes on 3 Oct 2025. The IPO allotment is expected to be finalized on 6 Oct 2025, and the equity shares are proposed to be listed on NSE on 8 Oct 2025.
Investors can refer to the Munish forge limited IPO RHP-DRHP for detailed information. The issue is managed by Gretex Corporate Services Ltd. as the book running lead manager, while Skyline Financial Services Private Ltd is the registrar to the IPO. Before investing, market participants often review IPO details, valuation, PE ratio, financials, and risk factors.
About Company
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
Repayment/Pre-payment of Certain Debt Facilities
Working Capital Requirements
General Corporate Purposes