Munish Forge
September 30, 2025 – October 3, 2025
| Price | ₹91 - ₹96 |
| GMP Rumors * | ₹0 |
|---|---|
| Lot size | 1200 |
| Allotment | Oct 6, 2025 |
| Listing | Oct 8, 2025 |
Munish Forge Lot(s) Distribution
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| INDIVIDUAL | 2 | 2400 | 230400 | 0 |
| sHNI | 3 | 3600 | 345600 | 0 |
| bHNI | 9 | 10800 | 1036800 | 0 |
Munish Forge Reservation
| Category | Shares Offered | % |
|---|---|---|
| Total | 0 | 100% |
Munish Forge About
Munish Forge IPO Details
| Issue Size | 77,00,400 shares (aggregating to ₹73.92 Cr) |
| Fresh Issue | 63,56,400 shares (aggregating to ₹61.02 Cr) |
| Offer for Sale | 13,44,000 shares of ₹10 (aggregating to ₹12.90 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,77,13,863 shares |
| Share Holding Post Issue | 2,40,70,263 shares |
| Reserved for Market Maker | 3,85,200 shares (aggregating to ₹3.70 Cr) |
Munish Forge IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII Shares Offered | Not less than 15% of the Net Offer |
Key Performance Indicator (KPI)
Details will be added soon.Company Financials In crores
| Period | Dec 2024 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|
| Assets | 146.78 | 113.22 | 107.01 | 121.41 |
| Income | 130.93 | 161.58 | 161.18 | 125.10 |
| Profit | 10.53 | 4.39 | 1.97 | 1.43 |
| Net Worth | 51.09 | 40.61 | 36.03 | 34.11 |
| Reserves | 34.71 | 41.46 | 4.58 | 26.39 |
| Borrowing | 60.78 | 47.16 | 50.22 | 59.14 |
Company Overview
Business: Manufacturer of forged components such as flanges, scaffolding, auto parts, tank tracks, bomb shells, fence posts, and steel accessories, built to customer specifications and global standards.
Industries Served: Defence (Indian Army), oil & gas, automobile, construction, and infrastructure.
Defence Focus: Supplies critical components like Battle Tank Track Chains and Bomb Shells, tested in-house and at NABL-certified labs.
Certifications: ISO 9001:2015, ISO 14001:2015, IATF 16949:2016, PED compliance.
Global Reach: Exports multiple products worldwide, adhering to international standards.
Technology & Sustainability: Utilizes induction furnaces, solar power, and modern manufacturing techniques to improve efficiency and reduce environmental impact.
Employees: 754 (as of March 31, 2025).
Strength
Integrated in-house manufacturing – end-to-end control ensures quality, speed, and efficiency.
Innovation-driven engineering – adoption of CNC, robotics, CAD/CAM, and simulation tools enhances reliability and reduces cycle time.
Strong process capability – ability to deliver diverse, complex, and customized products.
Weakness
Exposure to international market risks – subject to political, regulatory, and economic uncertainties overseas.
Dependence on Promoter & Directors – loss of key leadership may impact operations.
Corporate compliance discrepancies – errors in filings may attract penalties and affect financial standing.
Munish Forge Lead Manager(s)
Munish Forge Address
Village-Gobindgarh,
Adj. Phase-VII
Focal Point,
Ludhiana, Punjab, 141010
Phone: +91 94177 30280
Email: cs@munishforge.com
Website: https://munishforge.com/
Munish Forge Registrar
Munish Forge Reviewers
| Reviewer | Recommendation | File |
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