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Munish Forge Listing Price
| Exchange | Listing Price | Gain/Loss | % |
|---|---|---|---|
| NSE | ₹105.00 | +₹9.00 | +9.38% |
Munish Forge Subscription
Last updated on 03-Oct-2025 16:58:24
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 1462800 | 5918400 | 4.05 |
| HNIs | 1098000 | 5355600 | 4.88 |
| bHNI | 732000 | 4340400 | 5.93 |
| sHNI | 366000 | 1015200 | 2.77 |
| Individual | 2560800 | 6801600 | 2.66 |
| Total | 5121600 | 18075600 | 3.53 |
Application-Wise Breakup  | |||
|---|---|---|---|
| Category | Reserved | Applied | Times |
| HNIs (10L+) | 203 | 399 | 1.97 |
| HNIs (3-10L) | 102 | 279 | 2.74 |
| Individual | 1067 | 2834 | 2.66 |
| Subscription Demand (in ₹ crore) | |||
|---|---|---|---|
| Category | Offered | Demand | Times |
| QIB | 14.04 | 56.82 | 4.05 |
| FII | - | 5.01 | - |
| FI | - | 0 | - |
| IC | - | 0 | - |
| MF | - | 0 | - |
| OTH | - | 51.81 | - |
| HNIs | 10.54 | 51.41 | 4.88 |
| bHNI | 7.03 | 41.67 | 5.93 |
| sHNI | 3.51 | 9.75 | 2.77 |
| Individual | 24.58 | 65.3 | 2.66 |
| Total | 49.17 | 173.53 | 3.53 |
| QIB Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹0.5 | @8% ₹0.6 | @9% ₹0.7 | @10% ₹0.7 | @11% ₹0.8 | @12% ₹0.9 |
Munish Forge Lot(s) Distribution
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| bHNI | 9 | 10800 | 1036800 | 203 |
Munish Forge Reservation
| Category | Shares Offered | % |
|---|---|---|
| Anchor | 2193600 | 28.49% |
| QIB | 1462800 | 19% |
| HNI | 1098000 | 14.26% |
| INDIVIDUAL | 2560800 | 33.26% |
| Market Maker | 385200 | 5% |
| Total | 7700400 | 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) |
Key Performance Indicator (KPI)
| KPI | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE | 21.22% | 10.83% | 5.47% |
| ROCE | 16.44% | 9.89% | 7.06% |
| EPS (basic) | 8.7 | 2.68 | 1.2 |
Company Financials In crores
| Period Ended | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| Assets | 161.54 | 113.09 | 106.88 |
| Total Income | 178.63 | 161.58 | 161.18 |
| Profit After Tax | 14.3 | 4.39 | 1.97 |
| EBITDA | 24.36 | 11.43 | 9.14 |
| NET Worth | 67.4 | 40.52 | 35.94 |
| Reserves and Surplus | 49.69 | 30.89 | 26.3 |
| Total Borrowing | 60.2 | 47.16 | 50.22 |
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 Latest Announcements
| Date | Subject | Attachment Text |
|---|
Munish Forge Financial Results
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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