Munish Forge IPO Listing at 9.4% premium at ₹105 Per Share

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Posted by : sachet | Wed Oct 08 2025

Munish Forge IPO Listing at 9.4% premium at ₹105 Per Share

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Munish Forge IPO Listing: The Munish Forge IPO was subscribed 3.53 times as of its closing. In this subscription, qualified institutional buyers (QIBs) received 4.05 times the allocation, and non-institutional investors (NIIs) received 4.88 times the allocation. The retail quota of the issue was subscribed to 33.26%. Before delving deeper into the topic, go through the details of the Munish Forge IPO.

Table of Contents

Munish Forge IPO Listing

On the NSE (National Stock Exchange), shares are listed at ₹105 per share, representing a 9.4% premium over the issue price of ₹96.

Munish Forge IPO Details

It is a book-building IPO of ₹73.92 crores, comprising an entirely fresh issue of ₹0.64 crores, and the offer for sale is 0.13. The problem will be listed on NSE and SME on its tentative listing date, 8th October 2025. The Munish Forge IPO date is fixed between 30th September 2025 and 3rd October 2025. The face value of Munish Forge’s IPO shares is ₹10 per share, and the IPO price is set between ₹91 and ₹96 per share.

IPO Open Date	30th September 2025
IPO Close Date	3rd October 2025
IPO Allotment Date	6th October 2025
Refund Initiation	7th October 2025
Issue Size	77,00,400 shares(aggregating up to ₹73.92 Cr)
Fresh Issue	59,71,200 shares(aggregating up to ₹57.32 Cr)
Offer for Sale	13,44,000 shares of ₹10(aggregating up to ₹12.90 Cr)
Face Value	₹10 per share
Lot Size	1,200 shares
Issue Price Final	₹91 and ₹96 per share
Issue Type	Bookbuilding IPO
Listing At	NSE & SME
Listing Date	8th October 2025

About Munish Forge Limited

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.

Munish Forge Limited Financials

The company’s financial analysis is essential before applying for the Munish Forge IPO. Refer to the table to learn about Munish Forge Limited’s financial information.

Year Ended	31st March 2024 (in cr.)	31st March 2023 (in cr.)	31st March 2022 (in cr.)
Assets	113.22	107.01	121.41
Revenue	161.58	161.18	125.10
Profit After Tax	4.39	1.97	1.43
Net Worth	40.61	36.03	34.11
EBITDA	–	–	–
Reserve and Surplus	41.46	4.58	26.39
Total Borrowing	47.16	50.22	59.14

Explanation

Munish Forge Limited’s revenue increased by 0.24% from ₹161.18 crore in March 2023 to ₹161.58 crore in March 2024. Moreover, the company’s PAT rose by 122.84% from ₹1.97 crores to ₹4.39 crores.

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