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  2. /Munish Forge Limited
Munish Forge IPO logo

Munish Forge IPO

SME • NSE

Min. investment

₹2,30,400

IPO DetailsSubscriptionPriceListingAllotmentReviewsNews

Issue Size

₹73.92 Cr

Price

₹91 to ₹96

Lot Size

1200 shares

IPO Dates

30 Sept - 3 Oct

Min. Investment

₹2,30,400

Status

Listed

Issue Size

₹73.92 Cr

Price

₹91 to ₹96

Lot Size

1200 shares

IPO Dates

30 Sept - 3 Oct

Min. Investment

₹2,30,400

Status

Listed

Munish Forge IPO overview

IPO Prospectus

DHRPRHP

IPO Progress

30 Sept

Open

3 Oct

Close

6 Oct

Allotment

8 Oct

Listing

Key Financial Ratios

P/E

16.16x

IPO Lot Size

Cat.CategoryLotsSharesNo of sharesAmountProfitProfit
Retail (Min)22,400₹2,30,400+₹21,600+9.4%
S-HNI (Min)33,600₹3,45,600+₹32,400+9.4%
S-HNI (UPI)44,800₹4,60,800+₹43,200+9.4%
S-HNI (Max)89,600₹9,21,600+₹86,400+9.4%
B-HNI (Min)910,800₹10,36,800+₹97,200+9.4%

Profit based on the official listing price for each investor category.

Subscription Figure

CategoryOfferedAppliedTimes
QII36,56,40059,18,4001.62
NII10,98,00057,40,8005.23
NII (>10L)7,32,00047,25,6006.46
NII (<10L)3,66,00010,15,2002.77
Retail25,60,80068,01,6002.66
Total73,15,2001,84,60,8002.52

Application-Wise Breakup

HNI (>10L)2013991.99
HNI (3-10L)1012792.76
Retail1,0672,8342.66
Total1,3693,5122.57
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Lead Manager(s)

  1. Gretex Corporate Services Ltd.

Company Promotor(s)

  1. Mr. Davinder Bhasin
  2. Mr. Dev Arjun Bhasin
  3. Ms. Minakshi Bhasin
  4. Munish Promoters
  5. Developers Private Limited
  6. Dev Arjuna Enterprises Private Limited.

Registrar Details

Name

Skyline Financial Services Private Ltd

Phone

2228511022

Email

info@skylinerta.com

Address

D-153A, 1st Floor, Okhla Industrial Area, Phase-I, New Delhi -110020

Website

https://www.skylinerta.com/ipo.ph

Company Contact Details

Name

Munish Forge IPO

Phone

+91 94177 30280

Email

cs@munishforge.com

Website

https://munishforge.com/

Address

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

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.

Disclaimer

Information on this page is for general awareness only and is not investment advice. Grey market premium (when shown) is unofficial and indicative. Always read the RHP/DRHP and consult a qualified adviser before investing.

Common questions about Munish Forge IPO

What is Munish Forge IPO?

Munish Forge IPO is a public issue where the company offers its shares to investors through the stock , allowing retail, HNI, and institutional participation.

What is the IPO price band of Munish Forge IPO?

What is the minimum investment required for Munish Forge IPO?

What is the lot size of Munish Forge IPO?

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What is Munish Forge IPO GMP today?

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Financial Performance

Munish Forge IPO

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Munish Forge IPO Ratings & Reviews