The Munish Forge Ltd IPO date has been confirmed from September 30, 2025, and closes on October 03, 2025. Read the post to learn about Munish Forge Ltd IPO GMP.
Munish Forge Ltd. IPO is a book build issue of ₹73.92 crores. The issue is a combination of fresh issue of 0.64 crore shares aggregating to ₹61.02 crores and offer for sale of 0.13 crore shares aggregating to ₹12.90 crores. Munish Forge IPO price band is set at ₹91.00 to ₹96.00 per share . The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹2,30,400.00 (2,400 shares) (based on upper price). The minimum lot size investment for HNI is 3 lots (3,600 shares), amounting to ₹3,45,600.
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Bidding Dates
Sept 30 – Oct 03Price Range
₹91 to ₹96 per shareFace Value
₹10 per shareGMP
₹0Munish Forge Ltd IPO GMP
The Munish Forge Ltd IPO GMP Today is ₹0.
IPO Overview
Munish Forge IPO opens for subscription on Sep 30, 2025 and closes on Oct 3, 2025. The allotment for the Munish Forge IPO is expected to be finalized on Oct 6, 2025. Munish Forge IPO will list on NSE SME with a tentative listing date fixed as Oct 8, 2025.
Munish Forge Ltd IPO Details
IPO Date | September 30, 2025 to October 3, 2025 |
Listing Date | [.] |
Face Value | ₹10 per share |
Issue Price Band | ₹91 to ₹96 per share |
Lot Size | 1,200 Shares |
Sale Type | Fresh Capital-cum-Offer for Sale |
Total Issue Size | 77,00,400 shares (aggregating up to ₹73.92 Cr) |
Reserved for Market Maker | 3,85,200 shares (aggregating up to ₹3.70 Cr) |
Fresh Issue (Ex Market Maker) | 59,71,200 shares (aggregating up to ₹57.32 Cr) |
Offer for Sale | 13,44,000 shares of ₹10 (aggregating up to ₹12.90 Cr) |
Net Offered to Public | 73,15,200 shares (aggregating up to ₹70.23 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 |
Munish Forge Ltd Financial Information
Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
Assets | 146.78 | 113.22 | 107.01 | 121.41 |
Total Income | 130.93 | 161.58 | 161.18 | 125.10 |
Profit After Tax | 10.53 | 4.39 | 1.97 | 1.43 |
Net Worth | 51.09 | 40.61 | 36.03 | 34.11 |
Reserves and Surplus | 34.71 | 41.46 | 4.58 | 26.39 |
Total Borrowing | 60.78 | 47.16 | 50.22 | 59.14 |
Amount in ₹ Crore |
Munish Forge Ltd IPO Timeline
IPO Open Date | Tue, Sep 30, 2025 |
IPO Close Date | Fri, Oct 3, 2025 |
Tentative Allotment | Mon, Oct 6, 2025 |
Initiation of Refunds | Tue, Oct 7, 2025 |
Credit of Shares to Demat | Tue, Oct 7, 2025 |
Tentative Listing Date | Wed, Oct 8, 2025 |
Cut-off time for UPI mandate confirmation | 5 PM on Fri, Oct 3, 2025 |
Company Profile

Munish Forge Limited is guided by a progressive vision, aspiring to set a benchmark of excellence in quality and service. Recognizing that success is dynamic, the company continually adapts to the future, dedicating its efforts to achieving “Reliability through Perfection & Excellent Services.” With a strong global presence, Munish Forge exports a significant portion of its products, adhering to strict international quality standards and rigorous control measures across all product lines.
Embracing modern manufacturing technologies, including induction furnaces and solar power solutions, the company enhances efficiency while minimizing environmental impact. Continuous investment in technology and process improvements ensures competitiveness in the market.
Registrar Info
Name | Skyline Financial Services Pvt.Ltd. |
Phone number | 02228511022 |
Email ID | ipo@skylinerta.com |
Website | https://www.skylinerta.com/ipo.php |
Contact Details
Name | Munish Forge Ltd |
Phone number | +91 94177 30280 |
Email ID | cs@munishforge.com |
Website | https://munishforge.com/ |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Munish Forge Ltd IPO FAQs
When Munish Forge IPO will open?
The Munish Forge IPO opens on September 30, 2025 and closes on October 3, 2025.
What is the lot size of Munish Forge IPO?
Munish Forge IPO lot size is 1200, and the minimum amount required for application is ₹2,30,400, with 2 lots being the minimum application size.
When is Munish Forge IPO listing date ?
The Munish Forge IPO listing date is not yet announced. The tentative date of Munish Forge IPO listing is Wednesday, October 8, 2025.