{"id":50423,"date":"2025-09-30T14:02:22","date_gmt":"2025-09-30T08:32:22","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=50423"},"modified":"2025-09-30T14:02:54","modified_gmt":"2025-09-30T08:32:54","slug":"munish-forge-ipo-gmp-review","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/munish-forge-ipo-gmp-review\/","title":{"rendered":"Munish Forge IPO GMP &#038; Review: Should You Apply or Avoid?"},"content":{"rendered":"<p><a href=\"https:\/\/univest.in\/user\/log-in\"><strong><em>Check Expert\u2019s Verdicts on Munish Forge IPO<\/em><\/strong><\/a><\/p><p><strong>Munish Forge&#8217;s IPO<\/strong> is open for bidding from 30th September 2025 to 3rd October 2025. It is a book-building IPO of \u20b973.92 crores, comprising an entirely fresh issue of \u20b90.64 crores, and the offer for sale is 0.13.&nbsp; The problem will be listed on NSE and SME on its tentative listing date, 8th October 2025.&nbsp;<\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/munish-forge-ipo-gmp-review\/#Munish_Forge_IPO_Details\" title=\"Munish Forge IPO Details&nbsp;\">Munish Forge IPO Details&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/munish-forge-ipo-gmp-review\/#Munish_Forge_IPO_Share_Reservation\" title=\"Munish Forge IPO Share Reservation\">Munish Forge IPO Share Reservation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/munish-forge-ipo-gmp-review\/#Munish_Forge_IPO_GMP_Grey_Market_Premium\" title=\"Munish Forge IPO GMP Grey Market Premium\">Munish Forge IPO GMP Grey Market Premium<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/munish-forge-ipo-gmp-review\/#Munish_Forge_IPO_GMP_Review\" title=\"Munish Forge IPO GMP Review\">Munish Forge IPO GMP Review<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/munish-forge-ipo-gmp-review\/#Financial_Health\" title=\"Financial Health\">Financial Health<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/munish-forge-ipo-gmp-review\/#Technical_Analysis\" title=\"Technical Analysis\">Technical Analysis<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/munish-forge-ipo-gmp-review\/#Munish_Forge_IPO_Subscription_Status\" title=\"Munish Forge IPO Subscription Status\">Munish Forge IPO Subscription Status<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/munish-forge-ipo-gmp-review\/#About_Munishh_Forge_Limited\" title=\"About Munishh Forge Limited\">About Munishh Forge Limited<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/munish-forge-ipo-gmp-review\/#Munish_Forge_Limited_Financials\" title=\"Munish Forge Limited Financials\">Munish Forge Limited Financials<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/munish-forge-ipo-gmp-review\/#Explanation\" title=\"Explanation\">Explanation<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/munish-forge-ipo-gmp-review\/#Munish_Forge_IPO_Bidding_Requirements\" title=\"Munish Forge IPO Bidding Requirements\">Munish Forge IPO Bidding Requirements<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/munish-forge-ipo-gmp-review\/#Munish_Forge_IPO_Promoter_Holding\" title=\"Munish Forge IPO Promoter Holding\">Munish Forge IPO Promoter Holding<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/munish-forge-ipo-gmp-review\/#Aim_of_the_Munish_Forge_IPO\" title=\"Aim of the Munish Forge IPO\">Aim of the Munish Forge IPO<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/munish-forge-ipo-gmp-review\/#Should_I_Invest_in_the_Munish_Forge_IPO\" title=\"Should I Invest in the Munish Forge IPO?\">Should I Invest in the Munish Forge IPO?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/munish-forge-ipo-gmp-review\/#Pros_of_Munish_Forge_IPO\" title=\"Pros of Munish Forge IPO\">Pros of Munish Forge IPO<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/munish-forge-ipo-gmp-review\/#Cons_of_Munish_Forge_IPO\" title=\"Cons of Munish Forge IPO\">Cons of Munish Forge IPO<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/munish-forge-ipo-gmp-review\/#How_to_Apply_for_the_Munish_Forge_IPO\" title=\"How to Apply for the Munish Forge IPO?\">How to Apply for the Munish Forge IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/munish-forge-ipo-gmp-review\/#How_to_Check_Munish_Forge_IPO_Allotment_Status\" title=\"How to Check Munish Forge IPO Allotment Status?\">How to Check Munish Forge IPO Allotment Status?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/munish-forge-ipo-gmp-review\/#Check_On_BSE\" title=\"Check On BSE\">Check On BSE<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/univest.in\/blogs-2\/munish-forge-ipo-gmp-review\/#Check_On_the_Registrar_Portal\" title=\"Check On the Registrar Portal\">Check On the Registrar Portal<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/univest.in\/blogs-2\/munish-forge-ipo-gmp-review\/#Lets_Wrap\" title=\"Let\u2019s Wrap\">Let\u2019s Wrap<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/univest.in\/blogs-2\/munish-forge-ipo-gmp-review\/#FAQs_on_Munish_Forge_IPO\" title=\"FAQs on Munish Forge IPO\">FAQs on Munish Forge IPO<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/univest.in\/blogs-2\/munish-forge-ipo-gmp-review\/#How_is_the_Munish_Forge_IPO\" title=\"How is the Munish Forge IPO?\">How is the Munish Forge IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/univest.in\/blogs-2\/munish-forge-ipo-gmp-review\/#What_is_the_IPO_price_of_Munish_Forge\" title=\"What is the IPO price of Munish Forge?\">What is the IPO price of Munish Forge?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/univest.in\/blogs-2\/munish-forge-ipo-gmp-review\/#Is_the_Munish_Forge_IPO_a_good_investment\" title=\"Is the Munish Forge IPO a good investment?\">Is the Munish Forge IPO a good investment?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-26\" href=\"https:\/\/univest.in\/blogs-2\/munish-forge-ipo-gmp-review\/#Who_is_the_registrar_of_the_Munish_Forge_IPO\" title=\"Who is the registrar of the Munish Forge IPO?\">Who is the registrar of the Munish Forge IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-27\" href=\"https:\/\/univest.in\/blogs-2\/munish-forge-ipo-gmp-review\/#What_is_the_issue_size_of_the_Munish_Forge_IPO\" title=\"What is the issue size of the Munish Forge IPO?&nbsp;&nbsp;\">What is the issue size of the Munish Forge IPO?&nbsp;&nbsp;<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-28\" href=\"https:\/\/univest.in\/blogs-2\/munish-forge-ipo-gmp-review\/#Upcoming_IPOs\" title=\"Upcoming IPOs\">Upcoming IPOs<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-29\" href=\"https:\/\/univest.in\/blogs-2\/munish-forge-ipo-gmp-review\/#Current_Previous_IPOs\" title=\"Current &amp; Previous IPOs\">Current &amp; Previous IPOs<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-30\" href=\"https:\/\/univest.in\/blogs-2\/munish-forge-ipo-gmp-review\/#Read_Our_Articles_on_the_Best_Stocks\" title=\"Read Our Articles on the Best Stocks\">Read Our Articles on the Best Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-31\" href=\"https:\/\/univest.in\/blogs-2\/munish-forge-ipo-gmp-review\/#Also_Explore\" title=\"Also Explore\">Also Explore<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-32\" href=\"https:\/\/univest.in\/blogs-2\/munish-forge-ipo-gmp-review\/#Univest_Screeners\" title=\"Univest Screeners\">Univest Screeners<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-33\" href=\"https:\/\/univest.in\/blogs-2\/munish-forge-ipo-gmp-review\/#Explore_Webstories_on_Univest\" title=\"Explore Webstories on Univest&nbsp;\">Explore Webstories on Univest&nbsp;<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Munish_Forge_IPO_Details\"><\/span><strong>Munish Forge IPO Details&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>The <strong>Munish Forge IPO<\/strong> date is fixed between 30th September 2025 and 3rd October 2025. The face value of Munish Forge&#8217;s IPO shares is \u20b910 per share, and the IPO price is set between \u20b991 and \u20b996 per share.<\/p><p>Skyline Financial Services Private Limited is the registrar of the Munish Forge<strong> IPO <\/strong>and<strong> <\/strong>is responsible for managing the allotment process and initiating refunds. Check out the latest <a href=\"https:\/\/univest.in\/blogs\/what-is-an-ipo\">IPO<\/a> details in the table below.&nbsp;<\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>IPO Open Date<\/strong><\/td><td>30th September 2025<\/td><\/tr><tr><td><strong>IPO Close Date<\/strong><\/td><td>3rd October 2025<\/td><\/tr><tr><td><strong>IPO Allotment Date<\/strong><\/td><td>6th October 2025<\/td><\/tr><tr><td><strong>Refund Initiation&nbsp;<\/strong><\/td><td>7th October 2025<\/td><\/tr><tr><td><strong>Issue Size<\/strong><\/td><td>77,00,400 shares(aggregating up to \u20b973.92 Cr)<\/td><\/tr><tr><td><strong>Fresh Issue<\/strong><\/td><td>59,71,200 shares(aggregating up to \u20b957.32 Cr)<\/td><\/tr><tr><td><strong>Offer for Sale&nbsp;<\/strong><\/td><td>13,44,000 shares of \u20b910(aggregating up to \u20b912.90 Cr)<\/td><\/tr><tr><td><strong>Face Value<\/strong><\/td><td>\u20b910 per share<\/td><\/tr><tr><td><strong>Lot Size<\/strong><\/td><td>1,200 shares<\/td><\/tr><tr><td><strong>Issue Price Final<\/strong><\/td><td>\u20b991 and \u20b996 per share<\/td><\/tr><tr><td><strong>Issue Type<\/strong><\/td><td>Bookbuilding IPO<\/td><\/tr><tr><td><strong>Listing At<\/strong><\/td><td>NSE &amp; SME<\/td><\/tr><tr><td><strong>Listing Date<\/strong><\/td><td>8th October 2025<\/td><\/tr><\/tbody><\/table><\/figure><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Munish_Forge_IPO_Share_Reservation\"><\/span><strong>Munish Forge IPO Share Reservation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><strong>Munish Forge&#8217;s IPO<\/strong> is a book-building IPO of \u20b973.92 crores, comprising an entirely fresh issue of 0.64 crore shares, which will be listed on the NSE and SME Exchange. Furthermore, SEBI has specified the share reservation criteria for different investor categories.&nbsp;<\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Investor Categories<\/strong><\/td><td><strong>Shares Offered<\/strong><\/td><\/tr><tr><td><strong>QIB Shares Offered<\/strong><\/td><td>Not more than 50% of the Net Offer<\/td><\/tr><tr><td><strong>NII Shares Offered<\/strong><\/td><td>Not more than 35% of the Net Offer<\/td><\/tr><tr><td><strong>Retail Shares Offered&nbsp;<\/strong><\/td><td>Not more than 15% of the Net Offer<\/td><\/tr><\/tbody><\/table><\/figure><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Munish_Forge_IPO_GMP_Grey_Market_Premium\"><\/span><strong>Munish Forge IPO GMP Grey Market Premium<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>GMP is the gap between the price band of the issue and the price at which company shares are currently trading in the grey market. Would you like to receive live updates on the Munish Forge<strong> IPO<\/strong>? If yes, then you\u2019ve reached the right spot. Check the table below to learn about the GMP trends.<\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>GMP Date<\/strong><\/td><td><strong>IPO Price<\/strong><\/td><td><strong>GMP<\/strong><\/td><td><strong>Estimated Listing Price&nbsp;<\/strong><\/td><td><strong>Estimated Listing Gains<\/strong><\/td><\/tr><tr><td><strong>02-10-2025<\/strong><\/td><td>\u20b9-<\/td><td>\u20b9-<\/td><td>\u20b9-<\/td><td>\u20b9-<\/td><\/tr><tr><td><strong>01-10-2025<\/strong><\/td><td>\u20b9-<\/td><td>\u20b9-<\/td><td>\u20b9-<\/td><td>\u20b9-<\/td><\/tr><tr><td><strong>30-09-2025<\/strong><\/td><td>\u20b996.00<\/td><td>\u20b90.00<\/td><td>\u20b996.00<\/td><td>0.00%<\/td><\/tr><tr><td><strong>29-09-2025<\/strong><\/td><td>\u20b996.00<\/td><td>\u20b90.00<\/td><td>\u20b996.00<\/td><td>0.00%<\/td><\/tr><tr><td><strong>28-09-2025<\/strong><\/td><td>\u20b996.00<\/td><td>\u20b90.00<\/td><td>\u20b996.00<\/td><td>0.00%<\/td><\/tr><tr><td><strong>27-09-2025<\/strong><\/td><td>\u20b996.00<\/td><td>\u20b90.00<\/td><td>\u20b996.00<\/td><td>0.00%<\/td><\/tr><tr><td><strong>26-09-2025<\/strong><\/td><td>\u20b996.00<\/td><td>\u20b90.00<\/td><td>\u20b996.00<\/td><td>0.00%<\/td><\/tr><tr><td><strong>25-09-2025<\/strong><\/td><td>\u20b996.00<\/td><td>\u20b90.00<\/td><td>\u20b996.00<\/td><td>0.00%<\/td><\/tr><tr><td><strong>24-09-2025<\/strong><\/td><td>\u20b996.00<\/td><td>\u20b90.00<\/td><td>\u20b996.00<\/td><td>0.00%<\/td><\/tr><\/tbody><\/table><\/figure><p>As of September 30, 2025, Munish Forge<strong>&#8216;s IPO GMP<\/strong> stands at \u20b90 per share, indicating that the share is likely to list at \u20b996 on its tentative listing date, October 6, 2025.<\/p><p>GMP data is subject to change based on market trends and sentiments. Please verify the live GMP status before applying for the Munish Forge<strong> GMP<\/strong>. Stay informed with Univest to know about real-time insights on IPOs and their GMP trends.&nbsp;<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Munish_Forge_IPO_GMP_Review\"><\/span><strong>Munish Forge IPO GMP Review<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"536\" src=\"https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/09\/30135730\/Munish-Forge-2-1-1024x536.jpg\" alt=\"\" class=\"wp-image-50429\" srcset=\"https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/09\/30135730\/Munish-Forge-2-1-1024x536.jpg 1024w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/09\/30135730\/Munish-Forge-2-1-300x157.jpg 300w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/09\/30135730\/Munish-Forge-2-1-768x402.jpg 768w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/09\/30135730\/Munish-Forge-2-1-900x471.jpg 900w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/09\/30135730\/Munish-Forge-2-1-600x314.jpg 600w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/09\/30135730\/Munish-Forge-2-1-150x79.jpg 150w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/09\/30135730\/Munish-Forge-2-1.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><p>Check out the detailed Munishh Forge<strong> GMP IPO <\/strong>review<strong> <\/strong>for a thorough understanding of its potential to report listing gains on 8th October 2025. The Munish Forge IPO review below will help you invest effectively to avoid significant losses. Explore more to make informed investment decisions on this IPO.&nbsp;<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Financial_Health\"><\/span><strong>Financial Health<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Assess a company&#8217;s financial performance to know about its ability to sustain a competitive edge. Therefore, it is crucial to understand the business&#8217;s financial growth margins and declines before applying for the Munish Forge IPO.<\/p><p>Munish Forge Limited&#8217;s revenue increased by 0.24% from \u20b9161.18 crore in March 2023 to \u20b9161.58 crore in March 2024. Moreover, the company&#8217;s PAT rose by 122.84% from \u20b91.97 crores to \u20b94.39 crores.<\/p><p>Munish Forge Limited&#8217;s IPO has demonstrated consistent revenue growth, indicating that the company is financially stable. Moreover, brokers, investors, and RAs have a positive outlook for the Munishh Forge IPO on its tentative listing date,8th October 2025.&nbsp;&nbsp;<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Technical_Analysis\"><\/span><strong>Technical Analysis<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Several technical indicators are available to assess a company&#8217;s potential to deliver returns. Use the parameters mentioned below to analyse the technical aspects of the Munish Forge<strong> IPO.<\/strong><\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Key Indicators<\/strong><\/td><td><strong>Value<\/strong><\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/price-to-earnings-ratio-p-e-ratio\"><strong>PE Ratio (Price-to-Earnings)<\/strong><\/a><strong>&nbsp;<\/strong><\/td><td>38.74<\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/earnings-per-share-eps-formula\"><strong>EPS (Earnings Per Share)<\/strong><\/a><\/td><td>2.48<\/td><\/tr><tr><td><strong>RoNW<\/strong><\/td><td>10.81%<\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/return-on-capital-employed\"><strong>ROCE<\/strong><\/a><\/td><td>9.88%<\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/return-on-equity\"><strong>ROE<\/strong><\/a><\/td><td>10.81%<\/td><\/tr><tr><td><strong>EBITDA Margin<\/strong><\/td><td>&#8211;<\/td><\/tr><tr><td><strong>Price to Book Value<\/strong><\/td><td>2.28<\/td><\/tr><tr><td><strong>Market Capitalisation<\/strong><\/td><td>\u20b9231.07 Cr.<\/td><\/tr><\/tbody><\/table><\/figure><p>The P\/E ratio of Munish Forge Limited&#8217;s share is 38.74, and its Earnings Per Share (EPS) stands at 2.48. Thus, the Munish Forge<strong> Limited IPO<\/strong> can deliver gains on its tentative listing date, 8th October&nbsp; 2025.&nbsp;<\/p><p><strong><em>Note<\/em><\/strong><em>: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of Munish Forge Limited are subject to change following the IPO. Refer to the table below for post-issue updates on these two metrics.&nbsp;<\/em><\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Indicators<\/strong><\/td><td><strong>Pre-IPO<\/strong><\/td><td><strong>Post-IPO<\/strong><\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/price-to-earnings-ratio-p-e-ratio\"><strong>PE Ratio<\/strong><\/a><\/td><td>38.74<\/td><td>16.45<\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/what-is-eps-earnings-per-share-in-the-stock-market\"><strong>EPS&nbsp;<\/strong><\/a><\/td><td>2.48<\/td><td>5.84<\/td><\/tr><\/tbody><\/table><\/figure><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Munish_Forge_IPO_Subscription_Status\"><\/span><strong>Munish Forge IPO Subscription Status<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><strong>The Munish Forge IPO<\/strong> is scheduled to open for bidding on September 30, 2025. The subscription status for this IPO is yet to be announced. Stay informed on this passage to check the live Munish Forge IPO subscription status.&nbsp;<\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Investor Category<\/strong><\/td><td><strong>Shares Offered<\/strong><\/td><td><strong>Shares Subscribed<\/strong><\/td><td><strong>Subscription to the Times<\/strong><\/td><\/tr><tr><td><strong>QIB Shares Offered<\/strong><\/td><td>Not more than 50% of the Net Offer<\/td><td>Yet to be announced<\/td><td>Yet to be announced<\/td><\/tr><tr><td><strong>NII Shares Offered<\/strong><\/td><td>Not more than 35% of the Net Offer<\/td><td>Yet to be announced<\/td><td>Yet to be announced<\/td><\/tr><tr><td><strong>Retail Shares Offered&nbsp;<\/strong><\/td><td>Not more than 15% of the Net Offer<\/td><td>Yet to be announced<\/td><td>Yet to be announced<\/td><\/tr><\/tbody><\/table><\/figure><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"About_Munishh_Forge_Limited\"><\/span><strong>About Munishh Forge Limited<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"536\" src=\"https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/09\/30135758\/Munish-Forge-3-1-1024x536.jpg\" alt=\"\" class=\"wp-image-50430\" srcset=\"https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/09\/30135758\/Munish-Forge-3-1-1024x536.jpg 1024w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/09\/30135758\/Munish-Forge-3-1-300x157.jpg 300w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/09\/30135758\/Munish-Forge-3-1-768x402.jpg 768w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/09\/30135758\/Munish-Forge-3-1-900x471.jpg 900w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/09\/30135758\/Munish-Forge-3-1-600x314.jpg 600w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/09\/30135758\/Munish-Forge-3-1-150x79.jpg 150w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/09\/30135758\/Munish-Forge-3-1.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><p>Munish Forge Limited was established in July 1986. Munish Forge Limited manufactures a range of components, including flanges, scaffolding, auto parts, tank tracks, bomb shells, fence posts, and steel accessories, all in accordance with customer specifications and international standards. It serves the Indian Army and various industries, including defence, oil and gas, automobile, construction, and infrastructure. The company holds certifications such as ISO 9001:2015, ISO 14001:2015, IATF 16949:2016, and the Pressure Equipment Directive (PED). 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.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Munish_Forge_Limited_Financials\"><\/span><strong>Munish Forge Limited Financials<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>The company&#8217;s financial analysis is essential before applying for the <strong>Munish Forge&nbsp; IPO. <\/strong>Refer to the table to learn about Munish Forge Limited&#8217;s financial information.&nbsp;<\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Year Ended<\/strong><\/td><td><strong>31st March 2024 (in cr.)<\/strong><\/td><td><strong>31st March 2023 (in cr.)<\/strong><\/td><td><strong>31st March 2022 (in cr.)<\/strong><\/td><\/tr><tr><td><strong>Assets<\/strong><\/td><td>113.22<\/td><td>107.01<\/td><td>121.41<\/td><\/tr><tr><td><strong>Revenue<\/strong><\/td><td>161.58<\/td><td>161.18<\/td><td>125.10<\/td><\/tr><tr><td><strong>Profit After Tax<\/strong><\/td><td>4.39<\/td><td>1.97<\/td><td>1.43<\/td><\/tr><tr><td><strong>Net Worth<\/strong><\/td><td>40.61<\/td><td>36.03<\/td><td>34.11<\/td><\/tr><tr><td><strong>EBITDA<\/strong><\/td><td>&#8211;<\/td><td>&#8211;<\/td><td>&#8211;<\/td><\/tr><tr><td><strong>Reserve and Surplus<\/strong><\/td><td>41.46<\/td><td>4.58<\/td><td>26.39<\/td><\/tr><tr><td><strong>Total Borrowing<\/strong><\/td><td>47.16<\/td><td>50.22<\/td><td>59.14<\/td><\/tr><\/tbody><\/table><\/figure><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Explanation\"><\/span><strong>Explanation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Munish Forge Limited&#8217;s revenue increased by 0.24% from \u20b9161.18 crore in March 2023 to \u20b9161.58 crore in March 2024. Moreover, the company&#8217;s PAT rose by 122.84% from \u20b91.97 crores to \u20b94.39 crores.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Munish_Forge_IPO_Bidding_Requirements\"><\/span><strong>Munish Forge IPO Bidding Requirements<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 thereof. The following table represents the minimum and maximum investments by individual investors (retail) and HNI in terms of shares and amount.<\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Application&nbsp;<\/strong><\/td><td><strong>Lots&nbsp;<\/strong><\/td><td><strong>Shares&nbsp;<\/strong><\/td><td><strong>Amount<\/strong><\/td><\/tr><tr><td>Individual Investors (Retail) (Min)<\/td><td>2<\/td><td>2,400<\/td><td>\u20b92,30,400<\/td><\/tr><tr><td>Individual Investors (Retail) (Max<\/td><td>2<\/td><td>2,400<\/td><td>\u20b92,30,400<\/td><\/tr><tr><td>S-HNI (Min)<\/td><td>3<\/td><td>3,600<\/td><td>\u20b93,45,600<\/td><\/tr><tr><td>S-HNI (Max)<\/td><td>8<\/td><td>9,600<\/td><td>\u20b99,21,600<\/td><\/tr><tr><td>B-HNI(Min)<\/td><td>9<\/td><td>10,800<\/td><td>\u20b910,36,800<\/td><\/tr><\/tbody><\/table><\/figure><p><strong>Munish Forge&#8217;s IPO <\/strong>has reserved lot sizes for different investor categories. Refer to the table below to view the requirements for applying to this IPO.<\/p><p><em>Use the lot size calculator to find how many shares you should apply for!<\/em><\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Munish_Forge_IPO_Promoter_Holding\"><\/span><strong>Munish Forge IPO Promoter Holding<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Refer to the table below to review the holdings of Munish Forge Limited\u2019s promoters: Sanjay Singhania, Ajay DD Singhania, Bajrang Bothra, Laxmi Pat Bothra and Nikhil Bothra.<\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td>Share Holding Pre-Issue<\/td><td>100.00%<\/td><\/tr><tr><td>Share Holding Post-Issue<\/td><td>&#8211;<\/td><\/tr><\/tbody><\/table><\/figure><p>Note: The value will be calculated using Equity Dilution = Share Holding Pre-Issue &#8211;&nbsp; Share Holding Post-Issue.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Aim_of_the_Munish_Forge_IPO\"><\/span><strong>Aim of the Munish Forge IPO<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>The primary aim of the Munish Forge<strong> IPO<\/strong> is to raise \u20b973.92 crore. On the other hand, Munish Forge has decided to utilise these funds in different ways. Explore some of the secondary objectives for the Munish Forge IPO.<\/p><ul class=\"wp-block-list\"><li>To Capital expenditure towards Civil construction and Purchase of additional Plant &amp; Machinery<\/li>\n\n<li>To Repayment\/Pre-payment of Certain Debt Facilities<\/li>\n\n<li>To Working Capital Requirements<\/li>\n\n<li>To General Corporate Purposes<\/li><\/ul><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Should_I_Invest_in_the_Munish_Forge_IPO\"><\/span><strong>Should I Invest in the Munish Forge IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Explore the pros and cons of Munish Forge<strong> <\/strong>to know whether you should apply or avoid the issue. These pros and cons may help you understand the IPO\u2019s efficiency in generating profits in the coming decades.&nbsp;<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Pros_of_Munish_Forge_IPO\"><\/span><strong>Pros of Munish Forge IPO<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><ul class=\"wp-block-list\"><li>The company has integrated manufacturing<\/li>\n\n<li>The company has innovation-driven engineering<\/li>\n\n<li>The company has served prestigious OEMs and Tier-1 suppliers across Europe, North America, the Middle East, and India.\u00a0\u00a0<\/li><\/ul><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Cons_of_Munish_Forge_IPO\"><\/span><strong>Cons of Munish Forge IPO<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><ul class=\"wp-block-list\"><li>The company has a dependence on a few major customers<\/li>\n\n<li>The company has negative and weak cash flows<\/li>\n\n<li>The company has high inventory levels\u00a0<\/li><\/ul><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_to_Apply_for_the_Munish_Forge_IPO\"><\/span><strong>How to Apply for the Munish Forge IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"536\" src=\"https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/09\/30135929\/Munish-Forge-4-1-1024x536.jpg\" alt=\"\" class=\"wp-image-50431\" srcset=\"https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/09\/30135929\/Munish-Forge-4-1-1024x536.jpg 1024w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/09\/30135929\/Munish-Forge-4-1-300x157.jpg 300w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/09\/30135929\/Munish-Forge-4-1-768x402.jpg 768w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/09\/30135929\/Munish-Forge-4-1-900x471.jpg 900w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/09\/30135929\/Munish-Forge-4-1-600x314.jpg 600w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/09\/30135929\/Munish-Forge-4-1-150x79.jpg 150w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/09\/30135929\/Munish-Forge-4-1.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><p>Please follow the steps outlined below to apply for a position at Munish Forge Limited.<\/p><ul class=\"wp-block-list\"><li><strong>Step 1<\/strong>: Conduct thorough research on the Munish Forge IPO, including GMP, subscription status, issue size, lot size, and other relevant details.\u00a0<\/li>\n\n<li><strong>Step 2<\/strong>: Open a <a href=\"https:\/\/univest.in\/blogs\/demat-account\"><strong>demat account with Univest<\/strong><\/a> to gain real-time insights into GMP and subscription status. You can also use your previous demat account by navigating to the IPO section.\u00a0<\/li>\n\n<li><strong>Step 3<\/strong>: Place a bid for two lots of 2,400 shares, valued at \u20b92,30,400.<\/li>\n\n<li><strong>Step 4<\/strong>: You will receive a mandate request after making a bid. Approve the request to proceed further.\u00a0\u00a0\u00a0\u00a0<\/li><\/ul><p><strong><em>Note<\/em><\/strong><em>: You can apply for the Munish Forge IPO from more than one demat account to increase your chances of allotment.&nbsp;<\/em><\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_to_Check_Munish_Forge_IPO_Allotment_Status\"><\/span><strong>How to Check Munish Forge IPO Allotment Status?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>You can check whether the Munish Forge IPO allotment has been completed in various ways. These include NSE and the registrar portal. Refer to the steps below to check your allotment status online.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Check_On_BSE\"><\/span><strong><\/strong><strong>Check On BSE<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><ul class=\"wp-block-list\"><li>Visit the <a href=\"https:\/\/www.bseindia.com\/\" rel=\"nofollow noopener\" target=\"_blank\"><strong>BSE Official Website<\/strong>.<\/a><\/li>\n\n<li>Navigate to the IPO Allotment Section.\u00a0<\/li>\n\n<li>Select Equity as the issue type.\u00a0<\/li>\n\n<li>Choose the Munish Forge<strong> IPO.<\/strong>\u00a0\u00a0<\/li>\n\n<li>Choose whether to proceed with the PAN number or the application number.\u00a0<\/li>\n\n<li>Submit your details to get the allotment status online.\u00a0<\/li><\/ul><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Check_On_the_Registrar_Portal\"><\/span><strong><\/strong><strong>Check On the Registrar Portal<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><ul class=\"wp-block-list\"><li>Visit the <a href=\"https:\/\/www.skylinerta.com\/ipo.php\" rel=\"nofollow noopener\" target=\"_blank\"><strong>registrar portal<\/strong>.<\/a><\/li>\n\n<li>Click on the allotment option.<\/li>\n\n<li>Fill in the required details.<\/li>\n\n<li>Click on the submit button to know your Munish<strong> Forge IPO<\/strong> allotment status.<\/li><\/ul><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Lets_Wrap\"><\/span><strong>Let\u2019s Wrap<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><strong>Munish Forge&#8217;s IPO <\/strong>is a fresh issue of shares worth \u20b973.92 crore. The shares of Munishh Forge Limited will be listed on the NSE and SME on its tentative listing date of October 8, 2025. Researching the Munish Forge IPO, including GMP and reviews, is highly recommended to secure your ideal profitability. Brokers and investors have highlighted their pros and cons, so one must analyse them and decide accordingly.<\/p><p><strong><em>Open a demat account on Univest now to initiate your investment journey!<\/em><\/strong><\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"FAQs_on_Munish_Forge_IPO\"><\/span><strong>FAQs on Munish Forge IPO<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_is_the_Munish_Forge_IPO\"><\/span><strong>How is the Munish Forge IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Ans. As of 26th September 2025, the Munish Forge<strong> IPO GMP<\/strong> (Grey Market Premium) stands at \u20b90. It indicates that the estimated listing price could be \u20b996.00 per share. It is a book-building IPO of \u20b973.92 crore, comprising an entirely fresh issue of \u20b90.64 crore. The face value of each share of Munish Forge Limited is \u20b910 per share.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_IPO_price_of_Munish_Forge\"><\/span><strong>What is the IPO price of Munish Forge?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Ans. The Munish Forge<strong> IPO<\/strong> price is set between \u20b991 to \u20b996 per share.&nbsp; Retail investors can apply for a minimum of 2 lots, each consisting of 2,400 shares, worth \u20b92,30,400. Moreover, HNIs are required to bid for a minimum of 3 lots (3,600 shares) worth \u20b93,45,600.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Is_the_Munish_Forge_IPO_a_good_investment\"><\/span><strong>Is the Munish Forge IPO a good investment?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Ans. Munish Forge Limited&#8217;s revenue increased by 0.24% from \u20b9161.18 crore in March 2023 to \u20b9161.58 crore in March 2024. Moreover, the company&#8217;s PAT rose by 122.84% from \u20b91.97 crores to \u20b94.39 crores.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Who_is_the_registrar_of_the_Munish_Forge_IPO\"><\/span><strong>Who is the registrar of the Munish Forge IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Ans. Skyline Financial Services Private Limited is the registrar of the Munish Forge<strong> IPO,<\/strong> responsible for managing the allotment procedure and initiating refunds. For any queries regarding the Munish Forge allotment and refund, you can contact Skyline Financial Services Private Limited at <a href=\"mailto:compliances@skylinerta.com\">compliances@skylinerta.com<\/a> or 02228511022.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_issue_size_of_the_Munish_Forge_IPO\"><\/span><strong>What is the issue size of the Munish Forge IPO?&nbsp;&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Ans. Munish Forge<strong>&#8216;s IPO<\/strong> is a book-building IPO of \u20b973.92 crore, comprising an entirely fresh issue of 0.64 crore shares. Moreover, the IPO is set to open on 30th September 2025 and will be closed on 3rd October 2025.&nbsp;<\/p><p><strong><em>Disclaimer<\/em><\/strong><em>: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the Munish Forge IPO, download the Munish Forge IPO RHP and the Munish Forge IPO DRHP. Conduct thorough research before investing in IPOs to minimise the risk of significant losses. You can also consult your financial advisor.<\/em><\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Upcoming_IPOs\"><\/span><strong>Upcoming IPOs<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>IPO Names<\/strong><\/td><td><strong>Expected Year of IPO<\/strong><\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/phonepe-ipo\"><strong>PhonePe IPO<\/strong><\/a><\/td><td>2025<\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/bajaj-energy-ipo\"><strong>Bajaj Energy IPO<\/strong><\/a><\/td><td>2025<\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/oyo-ipo\"><strong>OYO IPO<\/strong><\/a><\/td><td>2025<\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/flipkart-ipo\"><strong>Flipkart IPO<\/strong><\/a><\/td><td>2025<\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/zepto-ipo\"><strong>Zepto IPO<\/strong><\/a><\/td><td>2025<\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/boat-ipo-details\"><strong>boAt IPO<\/strong><\/a><\/td><td>2025<\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/meesho-ipo\"><strong>Meesho IPO<\/strong><\/a><\/td><td>2025<\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/jio-ipo\"><strong>Jio IPO<\/strong><\/a><\/td><td>2026<\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/national-stock-exchange-nse-ipo\"><strong>NSE IPO<\/strong><\/a><\/td><td>2025<\/td><\/tr><\/tbody><\/table><\/figure><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Current_Previous_IPOs\"><\/span><strong>Current &amp; Previous IPOs<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Company<\/strong><\/td><td><strong>IPO Open<\/strong><\/td><td><strong>IPO Close<\/strong><\/td><td><strong>Type<\/strong><\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/arc-insulation-insulators-ipo\">ARC Insulation&nbsp; &amp; Insulators IPO<\/a><\/td><td>21st August 2025<\/td><td>25th August 2025<\/td><td>SME<\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/mangal-electrical-ipo\">Mangal Electricals Industries IPO<\/a><\/td><td>20th August 2025<\/td><td>22nd August 2025<\/td><td>Mainboard<\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/patel-retail-ipo\">Patel Retail IPO<\/a><\/td><td>19th August 2025<\/td><td>21st August 2025<\/td><td>Mainboard<\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/vikram-solar-ipo\">Vikram Solar IPO<\/a><\/td><td>19th August 2025<\/td><td>21st August 2025<\/td><td>Mainboard<\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/gem-aromatics-ipo\">Gem Aromatics IPO<\/a><\/td><td>19th August 2025<\/td><td>21st August 2025<\/td><td>Mainboard<\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/shreeji-shipping-global-ipo\">Shreeji Shipping Global IPO<\/a><\/td><td>19th August 2025<\/td><td>21st August 2025<\/td><td>Mainboard<\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/lgt-business-connextions-ipo\">LGT Business Connextions IPO<\/a><\/td><td>19th August 2025<\/td><td>21st August 2025<\/td><td>SME<\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/studio-lsd-ipo\">Studio LSD IPO<\/a><\/td><td>18th August 2025<\/td><td>20th August 2025<\/td><td>SME<\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/regaal-resources-ipo\">Regaal Resources IPO<\/a><\/td><td>12th August 2025<\/td><td>14th August 2025<\/td><td>Mainboard<\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/bluestone-jewellery-ipo\">Bluestone Jewellery IPO<\/a><\/td><td>11th August 2025<\/td><td>13th August 2025<\/td><td>Mainboard<\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/jsw-cement-ipo-2\">JSW Cement IPO<\/a><\/td><td>7th August 2025<\/td><td>11th August 2025<\/td><td>Mainboard<\/td><\/tr><\/tbody><\/table><\/figure><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Read_Our_Articles_on_the_Best_Stocks\"><\/span><strong>Read Our Articles on the Best Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><a href=\"https:\/\/univest.in\/blogs\/tech-stocks\">Tech Stocks in India to Invest in 2025 | Tech Sector Stocks&nbsp;<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/battery-stocks\">Best Battery Stocks in India to Invest in 2025 | Battery Sector Stocks<\/a>&nbsp;<\/p><p><a href=\"https:\/\/univest.in\/blogs\/shipping-stocks\">Best Shipping Stocks in India to Invest in 2025 | Shipping Sector Stocks<\/a>&nbsp;<\/p><p><a href=\"https:\/\/univest.in\/blogs\/paint-stocks\">Paint Stocks in India to Invest in 2025 | Paint Sector Stocks<\/a>&nbsp;<\/p><p><a href=\"https:\/\/univest.in\/blogs\/paper-stocks\">Paper Stocks in India to Invest in 2025 | Paper Sector Stocks&nbsp;<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/semiconductor-stocks-in-india\">Best Semiconductor Stocks in India 2025<\/a>&nbsp;<\/p><p><a href=\"https:\/\/univest.in\/blogs\/large-cap-stocks\">Best Large Cap Stocks in India 2025&nbsp;<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/green-energy-penny-stocks\">Green Energy Penny Stocks<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/cement-stocks\">Best Cement Stocks To Invest in India<\/a><\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Also_Explore\"><\/span><strong>Also Explore<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Best Stocks&nbsp;<\/strong><\/td><td><strong>Multibagger Stocks&nbsp;<\/strong><\/td><td><strong>Penny Stocks<\/strong><\/td><td><strong>Fundamentally Strong Stocks&nbsp;<\/strong><\/td><td><strong>Sector-Wise Stocks<\/strong><\/td><td><strong>PSU \/Government Stocks<\/strong><\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/best-indian-stocks-for-next-10-years\">For the Next 10 Years<\/a><\/td><td><a href=\"https:\/\/univest.in\/blogs\/multibagger-stocks-for-next-5-years\">For the Next 5 Years<\/a><\/td><td><a href=\"https:\/\/univest.in\/blogs\/solar-penny-stocks\">Solar Penny Stocks<\/a><\/td><td><a href=\"https:\/\/univest.in\/blogs\/fundamentally-strong-stocks-bse\">On BSE<\/a><\/td><td><a href=\"https:\/\/univest.in\/blogs\/solar-energy-stocks\">Solar Energy Sector<\/a><\/td><td><a href=\"https:\/\/univest.in\/blogs\/psu-stocks-list\">PSU Stocks List<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/best-long-term-stocks-to-invest\">Long Term<\/a>&nbsp;<\/td><td><a href=\"https:\/\/univest.in\/blogs\/multibagger-penny-stocks-below-100-rs\">Below 100 <\/a>Rs<\/td><td><a href=\"https:\/\/univest.in\/web-stories\/top-5-penny-stocks-under-re-1\">Top 5 Penny Stocks<\/a><\/td><td><a href=\"https:\/\/univest.in\/blogs\/best-fundamentally-strong-stocks\">For Long-Term<\/a><\/td><td><a 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href=\"https:\/\/univest.in\/blogs\/top-10-multibagger-penny-stocks-for-2026\">For 2026<\/a><\/td><td><\/td><td><\/td><td><a href=\"https:\/\/univest.in\/blogs\/best-oil-and-gas-stocks\">Oil and Gas Sector<\/a><\/td><td><\/td><\/tr><\/tbody><\/table><\/figure><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Univest_Screeners\"><\/span><strong>Univest Screeners<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Exclusive<\/strong><\/td><td><strong>Indices<\/strong><\/td><td><strong>Breakouts<\/strong><\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/screeners\/short-term-verdict-buy\">Buy in the Short Term<\/a><\/td><td><a href=\"https:\/\/univest.in\/screeners\/nifty-smlcap-100\">Nifty Small Cap 100<\/a><\/td><td><a href=\"https:\/\/univest.in\/screeners\/daily-fresh-breakouts\">Daily Fresh Breakouts<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/screeners\/long-term-verdict-buy\">Buy in the Long Term<\/a><\/td><td><a href=\"https:\/\/univest.in\/screeners\/nifty-midcap\">Nifty Midcap<\/a><\/td><td><a href=\"https:\/\/univest.in\/screeners\/weekly-breakouts\">Weekly Breakouts<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/screeners\/fii-holding\">FII Holdings Change<\/a><\/td><td><a href=\"https:\/\/univest.in\/screeners\/nifty-bank\">Nifty Bank<\/a><\/td><td><a href=\"https:\/\/univest.in\/screeners\/oversold-stocks\">Oversold Stocks<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/screeners\/golden-crossover\">Golden Crossover<\/a><\/td><td><a href=\"https:\/\/univest.in\/screeners\/sensex\">Sensex<\/a><\/td><td><a href=\"https:\/\/univest.in\/screeners\/nearing-breakout\">Nearing Breakout<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/screeners\/upcoming-dividents\">Upcoming Dividends<\/a><\/td><td><a href=\"https:\/\/univest.in\/screeners\/nifty-fin-service\">Nifty Fin Service<\/a><\/td><td><\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/screeners\/dii-holding\">DII Holdings Change<\/a><\/td><td><a href=\"https:\/\/univest.in\/screeners\/bankex\">Bankex<\/a><\/td><td><\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/screeners\/highest-dividend-paying-stocks\">High Dividend Stocks<\/a><\/td><td><a href=\"https:\/\/univest.in\/screeners\/nifty-midcap-100\">Nifty Mid Cap 100<\/a><\/td><td><\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/screeners\/top-results-to-watch\">Earnings Announced<\/a><\/td><td><a href=\"https:\/\/univest.in\/screeners\/nifty50\">Nifty 50<\/a><\/td><td><\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/screeners\/fundamentally-strong-stocks\">Fundamentally Strong&nbsp;<\/a><\/td><td><\/td><td><\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/screeners\/top-gainers\">Top Gainers<\/a><\/td><td><\/td><td><\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/screeners\/top-losers\">Top Losers<\/a><\/td><td><\/td><td><\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/screeners\/low-debt-mid-cap\">Low Debt Mid Caps<\/a><\/td><td><\/td><td><\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/screeners\/cash-rich-small-cap\">Cash-Rich Small Caps<\/a><\/td><td><\/td><td><\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/screeners\/volume-shockers\">Volume Shockers<\/a><\/td><td><\/td><td><\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/screeners\/52-week-high\">52-Week High&nbsp;<\/a><\/td><td><\/td><td><\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/screeners\/52-week-low\">52-Week Low<\/a><\/td><td><\/td><td><\/td><\/tr><\/tbody><\/table><\/figure><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Explore_Webstories_on_Univest\"><\/span><strong>Explore Webstories on Univest&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>1. <a href=\"https:\/\/univest.in\/web-stories\/best-time-to-buy-dividend-stocks\/\">Best Time To Buy Dividend Stocks<\/a><\/p><p>2. <a href=\"https:\/\/univest.in\/web-stories\/how-rbi-policies-affect-dividend-stocks\/\">How RBI Policies Affect Dividend Stocks<\/a><\/p><p>3. <a href=\"https:\/\/univest.in\/web-stories\/can-dividend-stocks-beat-inflation\/\">Can Dividend Stocks Beat Inflation<\/a><\/p><p>4. <a href=\"https:\/\/univest.in\/web-stories\/what-is-the-dividend-aristocrat-list\/\">What Is The Dividend Aristocrat List<\/a><\/p><p>5. <a href=\"https:\/\/univest.in\/web-stories\/which-indian-psus-offer-the-best-dividends\/\">Which Indian Psus Offer The Best Dividends<\/a><\/p><p>6. <a href=\"https:\/\/univest.in\/web-stories\/large-cap-vs-small-cap-dividend-stocks\/\">Large Cap Vs Small Cap Dividend Stocks<\/a><\/p><p><\/p><p><\/p>","protected":false},"excerpt":{"rendered":"<p>Check Expert\u2019s Verdicts on Munish Forge IPO Munish Forge&#8217;s IPO is open for bidding from 30th September 2025 to 3rd October 2025. It is a book-building IPO of \u20b973.92 crores, comprising an entirely fresh issue of \u20b90.64 crores, and the offer for sale is 0.13.&nbsp; The problem will be listed on NSE and SME on<\/p>\n","protected":false},"author":23,"featured_media":50428,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1281],"tags":[2477],"class_list":["post-50423","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo","tag-munish-forge-ipo-gmp"],"metadata":{"_edit_lock":["1759827645:23"],"_last_editor_used_jetpack":["block-editor"],"rank_math_internal_links_processed":["1"],"amazonS3_cache":["a:24:{s:66:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2025\/09\/Munish-Forge-2.jpg\";a:2:{s:2:\"id\";i:50425;s:11:\"source_type\";s:13:\"media-library\";}s:75:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2025\/09\/Munish-Forge-2-1024x536.jpg\";a:2:{s:2:\"id\";i:50425;s:11:\"source_type\";s:13:\"media-library\";}s:98:\"\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/09\/30134041\/Munish-Forge-2.jpg\";a:2:{s:2:\"id\";i:50425;s:11:\"source_type\";s:13:\"media-library\";}s:107:\"\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/09\/30134041\/Munish-Forge-2-1024x536.jpg\";a:2:{s:2:\"id\";i:50425;s:11:\"source_type\";s:13:\"media-library\";}s:66:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2025\/09\/Munish-Forge-3.jpg\";a:2:{s:2:\"id\";i:50426;s:11:\"source_type\";s:13:\"media-library\";}s:75:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2025\/09\/Munish-Forge-3-1024x536.jpg\";a:2:{s:2:\"id\";i:50426;s:11:\"source_type\";s:13:\"media-library\";}s:98:\"\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/09\/30134105\/Munish-Forge-3.jpg\";a:2:{s:2:\"id\";i:50426;s:11:\"source_type\";s:13:\"media-library\";}s:107:\"\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/09\/30134105\/Munish-Forge-3-1024x536.jpg\";a:2:{s:2:\"id\";i:50426;s:11:\"source_type\";s:13:\"media-library\";}s:66:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2025\/09\/Munish-Forge-4.jpg\";a:2:{s:2:\"id\";i:50427;s:11:\"source_type\";s:13:\"media-library\";}s:75:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2025\/09\/Munish-Forge-4-1024x536.jpg\";a:2:{s:2:\"id\";i:50427;s:11:\"source_type\";s:13:\"media-library\";}s:98:\"\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/09\/30134337\/Munish-Forge-4.jpg\";a:2:{s:2:\"id\";i:50427;s:11:\"source_type\";s:13:\"media-library\";}s:107:\"\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/09\/30134337\/Munish-Forge-4-1024x536.jpg\";a:2:{s:2:\"id\";i:50427;s:11:\"source_type\";s:13:\"media-library\";}s:68:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2025\/09\/Munish-Forge-2-1.jpg\";a:2:{s:2:\"id\";i:50429;s:11:\"source_type\";s:13:\"media-library\";}s:77:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2025\/09\/Munish-Forge-2-1-1024x536.jpg\";a:2:{s:2:\"id\";i:50429;s:11:\"source_type\";s:13:\"media-library\";}s:100:\"\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/09\/30135730\/Munish-Forge-2-1.jpg\";a:2:{s:2:\"id\";i:50429;s:11:\"source_type\";s:13:\"media-library\";}s:109:\"\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/09\/30135730\/Munish-Forge-2-1-1024x536.jpg\";a:2:{s:2:\"id\";i:50429;s:11:\"source_type\";s:13:\"media-library\";}s:68:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2025\/09\/Munish-Forge-3-1.jpg\";a:2:{s:2:\"id\";i:50430;s:11:\"source_type\";s:13:\"media-library\";}s:77:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2025\/09\/Munish-Forge-3-1-1024x536.jpg\";a:2:{s:2:\"id\";i:50430;s:11:\"source_type\";s:13:\"media-library\";}s:100:\"\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/09\/30135758\/Munish-Forge-3-1.jpg\";a:2:{s:2:\"id\";i:50430;s:11:\"source_type\";s:13:\"media-library\";}s:109:\"\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/09\/30135758\/Munish-Forge-3-1-1024x536.jpg\";a:2:{s:2:\"id\";i:50430;s:11:\"source_type\";s:13:\"media-library\";}s:68:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2025\/09\/Munish-Forge-4-1.jpg\";a:2:{s:2:\"id\";i:50431;s:11:\"source_type\";s:13:\"media-library\";}s:77:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2025\/09\/Munish-Forge-4-1-1024x536.jpg\";a:2:{s:2:\"id\";i:50431;s:11:\"source_type\";s:13:\"media-library\";}s:100:\"\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/09\/30135929\/Munish-Forge-4-1.jpg\";a:2:{s:2:\"id\";i:50431;s:11:\"source_type\";s:13:\"media-library\";}s:109:\"\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/09\/30135929\/Munish-Forge-4-1-1024x536.jpg\";a:2:{s:2:\"id\";i:50431;s:11:\"source_type\";s:13:\"media-library\";}}"],"rank_math_primary_category":["1281"],"rank_math_seo_score":["91"],"rank_math_title":["Munish Forge IPO: Everything You Should Know About"],"rank_math_description":["Get Munish Forge IPO GMP, check subscription details, price, lot size, and listing information. 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