Munish Forge IPO Date, Review, Price, Allotment Details
The Munish Forge IPO will open on September 30, 2025, and close on October 3, 2025. This Book Built Issue aims to raise approximately ₹[.] crores, comprising a fresh issue of ₹[.] crores along with an offer for sale of 13,44,000 equity shares at a face value of ₹10 each.
The price band for the IPO is ₹[.] to ₹[.] per share, with allocations of 50% for QIBs, 15% for HNIs, and 35% for retail investors. The shares are expected to be listed on the NSE on October 8, 2025, and the allotment will be finalized on October 6, 2025.
Financially, the company reported a revenue of ₹161.58 crores in 2024, slightly up from ₹161.18 crores in 2023, while net profit rose to ₹4.39 crores in 2024, compared to ₹1.97 crores the previous year. Based on these figures, analysts recommend considering the IPO as a long-term investment opportunity.
Munish Forge IPO Details
IPO Open Date September 30, 2025 IPO Close Date October 3, 2025 Face Value ₹10 Per Equity Share IPO Price Band ₹[.] to ₹[.] Per Share Issue Size Approx ₹[.] Crores Fresh Issue Approx ₹[.] Crores Offer for Sale: Approx 13,44,000 Equity Shares Issue Type Book Built Issue IPO Listing NSE SME DRHP Draft Prospectus 
Munish Forge IPO Market Lot
The minimum market lot for the Munish Forge IPO is [.] shares, requiring an application amount of ₹[.].
Application Lot Size Shares Amount Retail Minimum – – ₹- Retail Maximum – – ₹- S-HNI Minimum – – ₹-
IPO Reservation
Investor Category Share Offered -% Shares Anchor Investor – Shares -% QIB (Ex. Anchor) – Shares 50% NII Shares Offered – Shares 15% Retail Shares Offered – Shares 35%
Munish Forge IPO Anchor Investors
Anchor Bidding Date 2025 Anchor Investors List Shares Offered [.] Shares Anchor Size [.] Cr. lock-in period end date 50% shares (30 Days) 2025 lock-in period end date 50% shares (90 Days) 2025
Munish Forge IPO Dates
The Munish Forge IPO will open on September 30 and close on October 3. The allotment is scheduled for October 6, with listing on October 8.
IPO Open Date: September 30, 2025 IPO Close Date: October 3, 2025 Basis of Allotment: October 6, 2025 Refunds: October 7, 2025 Credit to Demat Account: October 7, 2025 IPO Listing Date: October 8, 2025 IPO Bidding Cut-off Time: October 3, 2025 – 5 PM
Promoters and Holding Pattern
The promoters of Munish Forge are Mr. Davinder Bhasin, Mr. Dev Arjun Bhasin, Ms. Minakshi Bhasin, Munish Promoters and Developers Private Limited, and Dev Arjuna Enterprises Private Limited.
Particular Shares % Share Promoter Holding Pre Issue 1,77,13,863 100.00% Promoter Holding Post Issue 2,40,70,663 -%
Objects of the Issue & Utilisation of Proceeds
Purpose Crores Capital expenditure towards Civil construction and the Purchase of additional Plant & Machinery 6.28 Repayment/Pre-payment of Certain Debt Facilities 11.00 Working Capital Requirements 112.38 General Corporate Purpose –
About Munish Forge IPO
To be updated soon
Munish Forge IPO Company Financial Report
Amount ₹ in Crores
Period Ended Revenue Expense PAT Assets 2022 ₹125.10 ₹123.92 ₹1.43 ₹121.41 2023 ₹161.18 ₹158.77 ₹1.97 ₹107.01 2024 ₹161.58 ₹155.81 ₹4.39 ₹113.22 December 2024 ₹130.93 ₹116.77 ₹10.53 ₹146.78
Munish Forge IPO Valuation – FY2024
Check Munish Forge IPO valuations detail like Earnings Per Share (EPS), Price/Earnings P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
KPI Values ROE: 10.81% ROCE: 9.88% EBITDA Margin: 7.15% PAT Margin: 2.75% Debt to equity ratio: 1.16 Earning Per Share (EPS): ₹2.68 (Basic) Price/Earnings P/E Ratio: N/A Return on Net Worth (RoNW): 10.81% Net Asset Value (NAV): ₹42.14
Peer Group Comparison
Company EPS PE Ratio RoNW % NAV Income Ramkrishna Forgings Limited 19.36 35.71 16.31% 147.84 3,489.61 Cr. Happy Forgings Limited 26.78 33.23 15.07% 171.17 1,358.24 Cr.
IPO Lead Managers aka Merchant Bankers
- Gretex Corporate Services Ltd.
Company Address
Munish Forge Ltd.
Village-Gobindgarh,
Adj. Phase-VII
Focal Point,
Ludhiana, Punjab, 141010
Phone: +91 94177 30280
Email: cs@munishforge.com
Website: https://munishforge.com/
IPO Registrar
Skyline Financial Services Pvt. Ltd.
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php