✓
Open
30 Sep to 3 Oct, 2025
✓
Close
30 Sep to 3 Oct, 2025
3
Allotment
—
✓
Listing
Wed, Oct 8, 2025
Price Band
₹91 to ₹96
Issue Size
77,00,400 shares (agg. up to ₹74 Cr)
Lot Size
1,200 Shares
Listing Date
Wed, Oct 8, 2025
Latest GMP
₹0
Est. Gain
0%
✦ AI Insight
GMP Trend
08-10-2025₹0Est. ₹96+0%
07-10-2025₹0Est. ₹96+0%
06-10-2025₹0Est. ₹96+0%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 2.77x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 161.54 | 113.09 | 106.88 |
| Total Income | 178.63 | 161.58 | 161.18 |
| Profit After Tax | 14.30 | 4.39 | 1.97 |
| EBITDA | 24.36 | 11.43 | 9.14 |
| NET Worth | 67.40 | 40.52 | 35.94 |
| Reserves and Surplus | 49.69 | 30.89 | 26.30 |
| Total Borrowing | 60.20 | 47.16 | 50.22 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| KVS Castings Ltd. | SME | ₹27.83 Cr | ₹56 | 11.65 | ₹69.61 | +24.30% | ₹94.97 |
| Swastika Castal Ltd. | SME | ₹14.07 Cr | ₹65 | 14.8 | ₹66.82 | +2.80% | ₹139.90 |
| Neetu Yoshi Ltd. | SME | ₹77.04 Cr | ₹75 | 17.02 | ₹110.25 | +47.00% | ₹188.25 |
| Super Iron Foundry Ltd. | SME | ₹68.05 Cr | ₹108 | 46.84 | ₹102.60 | -5.00% | ₹38.90 |
| Abha Power & Steel Ltd. | SME | ₹38.54 Cr | ₹75 | 28.65 | ₹77.80 | +3.73% | ₹24.00 |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital expenditure towards Civil construction and Purchase of additional Plant & Machinery | 7.19 |
| 2 | Repayment/Pre-payment of Certain Debt Facilities | 9.70 |
| 3 | Working Capital Requirements | 30.00 |
| 4 | General Corporate Purposes | 2.84 |
| 5 | Issue Expenses | 11.29 |
| Total | 61.02 |
About Munish Forge IPO
Updated on Aug 5, 2026
Contact Details
Munish Forge Ltd. AddressVillage-GobindgarhAdj.Phase-VIIFocal PointLudhiana, Punjab, 141010+91 94177 30280cs@munishforge.comVisit Website