IPO Details
Bidding Dates
30 Sept 25 - 03 Oct 25
Price Range ₹
91 - 96
Total Equity
₹ 52.87Cr
Lot Size
2400
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
30 Sept 2025
Offer end
03 Oct 2025
Allotment
06 Oct 2025
Refund initiation
07 Oct 2025
Demat transfer
07 Oct 2025
Listing
08 Oct 2025
Offer start
30 Sept 2025
Offer end
03 Oct 2025
Allotment
06 Oct 2025
Refund initiation
07 Oct 2025
Demat transfer
07 Oct 2025
Listing
08 Oct 2025
About Company
Munish Forge Limited, incorporated in July 1986, is a manufacturer of customized components like flanges, scaffolding, auto parts, tank tracks, and bomb shells, serving sectors including defence, oil and gas, automobile, and infrastructure. The company holds global certifications such as ISO 9001:2015 and IATF 16949. As of March 31, 2025, Munish Forge employed 754 people and uses advanced manufacturing technologies to ensure high-quality standards.End-to-end integrated manufacturing processes, from die design to packagingUse of advanced CNC machines, robotic welders, and CAD/CAM software for enhanced efficiencyPrestigious clientele including OEMs and Tier-1 suppliers across India, Europe, North America, and the Middle EastRobust quality control with compliance to international standardsInvestments in technology and sustainable manufacturing practices, including solar power
Year Founded
25-07-1986
Promotor Details
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 100 | 68.01 |
| Share Capital | 17713861 | 16369861 |
Offer to Public
55,06,800.00 Cr
Project Details
- Capital expenditure towards Civil construction and Purchase of additional Plant & Machinery - 71.893cr
- Repayment/Pre-payment of Certain Debt Facilities - 100.849cr
- Working Capital Requirements - 1103.464cr
- General Corporate Purposes - 28.391cr
Objectives
- i. Capital expenditure towards Civil construction and Capital expenditure towards purchase of additional machinery.ii. Repayment/Pre-payment of Certain Debt Facilities.iii. Working Capital Requirementsiv. General Corporate Purposes
Highlights
- Diverse client base across defence, automotive, and infrastructure sectors
- Strong focus on quality with certifications and rigorous testing
- Integrated manufacturing ensures better control and faster delivery
- Consistent profitability improvement with PAT growth in FY25
- Export capability with compliance to international standards
Challenges
- Decline in total income compared to previous fiscal year
- Moderate increase in borrowings affecting financial leverage
- Highly competitive and cyclical industries exposure
- Dependence on few large clients may impact revenue consistency
- Capital-intensive operations with ongoing upgrade and technology investments
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2025 | 16,154.02 | 1,771.39 | 1,429.93 | 1,430.13 | 8.0735 |