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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

Quick Profit Calculator for Munish Forge Limited IPO

Pre-filled: Issue Price = ₹96, Lot Size = 1,200 shares, Listing Price = ₹105

CategoryLotsInvestmentAt listingProfit
Retail (Min)22,30,400105+₹21,600
S-HNI (Min)33,45,600105+₹32,400
S-HNI (UPI)44,60,800105+₹43,200
S-HNI (Max)89,21,600105+₹86,400
B-HNI (Min)910,36,800105+₹97,200

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

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.

Munish Forge Limited IPO Issue Objective

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.

What is Munish Forge Limited IPO?
Munish Forge Limited IPO is a public issue where the company offers its shares to investors through the stock exchange, allowing retail, HNI, and institutional participation.
What is the IPO price band of Munish Forge Limited IPO?
The IPO price band of Munish Forge Limited IPO is ₹₹91 to ₹96 per share, as mentioned in the issue details.
What is the minimum investment required for Munish Forge Limited IPO?
The minimum investment in Munish Forge Limited IPO is ₹2,30,400, based on the applicable lot size for retail investors.
What is the lot size of Munish Forge Limited IPO?
The lot size of Munish Forge Limited IPO is 1200 shares per lot, and applications must be made in multiples of this lot size.
What are the opening and closing dates of Munish Forge Limited IPO?
Munish Forge Limited IPO opens on 30 Sept 2025 and closes on 3 Oct 2025, as per the announced schedule.
What is Munish Forge Limited IPO subscription status?
Munish Forge Limited IPO subscription status shows the level of demand across retail, HNI, and institutional investor categories during the issue period.
What is Munish Forge Limited IPO GMP today?
Munish Forge Limited IPO GMP (Grey Market Premium) today is around ₹TBA, reflecting current grey market activity before listing.
Is Munish Forge Limited IPO GMP positive or negative?
Munish Forge Limited IPO GMP is currently subject to change, based on prevailing grey market trends. GMP may change over time.
What does Munish Forge Limited IPO GMP indicate for listing?
A positive Munish Forge Limited IPO GMP may indicate market interest ahead of listing, while actual listing performance depends on subscription response and market conditions.
When is Munish Forge Limited IPO listing date?
The expected listing date of Munish Forge Limited IPO is 8 Oct 2025, subject to completion of the allotment process.
Where can I check Munish Forge Limited IPO allotment status?
Munish Forge Limited IPO allotment status can be checked online once the allotment process is completed using application or PAN details.
Can Munish Forge Limited IPO subscription and GMP change before listing?
Yes, Munish Forge Limited IPO subscription figures and GMP may change during the issue period and before listing based on market activity.

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