IPO - Initial Public Offerings

 MUNISH

  

MUNISH FORGE LTD. IPO

30 Sep, 10:00 AM

Issue Open

03 Oct, 05:00 PM

Issue Close

1200

Lot Size

₹ 91.00 – ₹ 96.00

Price Range

IPO Issue Details

Issue size 73.92 Cr
Market Price 96.00
Registrar Skyline Financial Services Private Limited
Face Value RS.10 /- Per share
Listing at NSE

About

MUNISH FORGE LTD. IPO
Incorporated in July 1986, Munish Forge Limited manufactures components, including flanges, scaffolding, auto parts, tank tracks, bomb shells, fence posts, and steel accessories, according to customer specifications and international standards. It serves the Indian Army and industries such as defence, oil and gas, automobile, construction, and infrastructure. The company holds certifications like ISO 9001:2015, ISO 14001- 2015, IATF- 16949- 2016, PED (Pressure Equipment Directive). 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 exports many products globally, ensuring compliance with international standards. Strict quality controls maintain reliability across product lines. The company uses modern manufacturing techniques, like induction furnaces and solar power, to enhance efficiency and minimise environmental impact. Ongoing investment in technology and process improvements keeps Munish Forge competitive. As of March 31, 2025, there is a total of 754 employees on the company's payroll.

IPO Lot Size

Category Lots Shares Amount
Retail (Min) 2 2400 ₹ 2,30,400.00
Retail (Max) 2 2400 ₹ 2,30,400.00
S-HNI (Min) 3 3600 ₹ 3,45,600.00
S-HNI (Max) 8 9600 ₹ 9,21,600.00
B-HNI (Min) 9 10800 ₹ 10,36,800.00

IPO TimeLine

Open Date 30-Sep-2025
Close Date 03-Oct-2025
Basis of Allotment Date 06-Oct-2025
Initiation of Refunds 07-Oct-2025
Credit Shares to Demat A/c 07-Oct-2025
IPO Listing Date 08-Oct-2025