

Munish Forge
08 Oct '25SME
Min. Investment
₹2,18,400
Issue size
₹73.92 Cr
GMP
Locked
Overall subscription: 2.85x
Check allotment status
Expert verdict



IPO dates
30 Sep
Opening
03 Oct
Closing
06 Oct
Allotment
08 Oct
Listing
*Refunds will be initiated on 07 Oct '25

IPO quota
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 2 | 2400 | ₹2,30,400 |


Subscription (as on 18 October 2025, 08:30 AM)
Overall2.85x





About company
Founded: 1986|MD: Mr. Davinder Bhasin
- Munish Forge manufactures components such as flanges, scaffolding, automotive parts, tank track chains, bomb shells, fence posts, and other steel accessories. These products are made to serve the Indian Army as well as industries including defence, oil and gas, automotive, construction, and infrastructure. The primary raw materials used in production include billets, rounds, strips, wire sleeves, rolled and continuous sections (RCS), and mild steel (MS) pipes.
- Use of proceeds:
- The IPO consists of both a fresh issue of shares and an offer for sale (OFS). Proceeds from the OFS will go to the respective selling shareholders, whereas the net proceeds from the fresh issue will be utilised for the following purposes:
- To fund the capital expenditure requirements - Rs 7.19 crore.
- To repay/ pre-pay debts availed by the company - Rs 9.7 crore.
- To fulfil the company’s working capital requirements - Rs 30 crore.
- General corporate purposes.

Issue Details & Objective
Lot size
1200 Shares
Price band
₹91 to 96
Face value
₹10 per share


Financials

IPO reservation
Anchor investor - 22.17%
QIB - 36.96%
HNI - 11.10%
Retail - 25.88%
FAQs
Should I apply for the Munish Forge IPO?

Our SEBI-registered investment advisors give out verdicts for each IPO. You can refer to their expert verdict at the top of this page. Please note that these verdicts are for informational purposes only and should not be construed as investment advice. Markets are subject to risk, and investors should exercise their own discretion and diligence.
What is the issue size of Munish Forge IPO?

The issue size of Munish Forge IPO is ₹73.92 Cr
What are the open and close dates for Munish Forge IPO?

The Munish Forge IPO will be open for applications from 30 Sep '25 to 03 Oct '25
What is the lot size and minimum order quantity of Munish Forge IPO?

The lot size of Munish Forge IPO is 1200 Shares and its minimum investment amount is ₹2,18,400.
What is the GMP value of Munish Forge IPO?

Grey market premium (GMP) is a premium amount at which grey market IPO shares are traded before they get listed in the stock exchange. The GMP for Munish Forge IPO is 7.29
