The Munish Forge IPO opening date is September 30, 2025, and the IPO will close on October 3, 2025. The Munish Forge IPO is a book-built issue. The company will raise approximately ₹[.] crore through the IPO, consisting of a fresh issue of shares worth ₹[.] crore and an offer for sale of 13,44,000 equity shares with a face value of ₹10.
The price band for the Munish Forge IPO is ₹[.] to ₹[.] per share. The retail share is 35%, QIBs 50%, and HNIs 15%. The Munish Forge IPO will be listed on the NSE on October 8, 2025. The allotment date for the Munish Forge IPO is October 6, 2025.
The company reported revenue of ₹161.58 crore in 2024, compared to ₹161.18 crore in 2023. The company reported a profit of ₹4.39 crore in 2024, compared to a profit of ₹1.97 crore in 2023. Based on the financial data, IPO investors should invest in IPOs GMP for the long term.
Munish Forge IPO Details
| IPO Open Date | September 30, 2025 |
| IPO Close Date | October 3, 2025 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹[.] to ₹[.] Per Share |
| Issue Size | Approx ₹[.] Crores |
| Fresh Issue | Approx ₹[.] Crores |
| Offer for Sale: | Approx 13,44,000 Equity Shares |
| Issue Type | Book Built Issue |
| IPO Listing | NSE SME |
| DRHP Draft Prospectus |  |
| RHP Draft Prospectus | |
Munish Forge IPO Market Lot
The Munish Forge IPO minimum market lot is [.] shares with ₹[.] application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | – | – | ₹- |
| Retail Maximum | – | – | ₹- |
| S-HNI Minimum | – | – | ₹- |
IPO Reservation
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 50% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 35% |
Munish Forge IPO Anchor Investors
| Anchor Bidding Date | 2025 |
| Anchor Investors List | |
| Shares Offered | [.] Shares |
| Anchor Size | [.] Cr. |
| lock-in period end date 50% shares (30 Days) | 2025 |
| lock-in period end date 50% shares (90 Days) | 2025 |
Munish Forge IPO Dates
The Munish Forge IPO date is September 30 and the close date is October 3. The Munish Forge IPO allotment will be finalized on October 6 and the IPO listing on October 8.
| IPO Open Date: | September 30, 2025 |
| IPO Close Date: | October 3, 2025 |
| Basis of Allotment: | October 6, 2025 |
| Refunds: | October 7, 2025 |
| Credit to Demat Account: | October 7, 2025 |
| IPO Listing Date: | October 8, 2025 |
| IPO Bidding Cut-off Time: | October 3, 2025 – 5 PM |
Promoters and Holding Pattern
The promoters of the company are Mr. Davinder Bhasin, Mr. Dev Arjun Bhasin, Ms. Minakshi Bhasin, Munish Promoters and Developers Private Limited and Dev Arjuna Enterprises Private Limited.
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 1,77,13,863 | 100.00% |
| Promoter Holding Post Issue | 2,40,70,663 | -% |
Objects of the Issue & Utilisation of proceeds
| Purpose | Crores |
| Capital expenditure towards Civil construction and Purchase of additional Plant & Machinery | 6.28 |
| Repayment/Pre-payment of Certain Debt Facilities | 11.00 |
| Working Capital Requirements | 112.38 |
| General Corporate Purpose | – |
About Munish Forge IPO
To be updated soon
Munish Forge IPO Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2022 | ₹125.10 | ₹123.92 | ₹1.43 | ₹121.41 |
| 2023 | ₹161.18 | ₹158.77 | ₹1.97 | ₹107.01 |
| 2024 | ₹161.58 | ₹155.81 | ₹4.39 | ₹113.22 |
| December 2024 | ₹130.93 | ₹116.77 | ₹10.53 | ₹146.78 |
Munish Forge IPO Valuation – FY2024
Check Munish Forge IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 10.81% |
| ROCE: | 9.88% |
| EBITDA Margin: | 7.15% |
| PAT Margin: | 2.75% |
| Debt to equity ratio: | 1.16 |
| Earning Per Share (EPS): | ₹2.68 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 10.81% |
| Net Asset Value (NAV): | ₹42.14 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Ramkrishna Forgings Limited | 19.36 | 35.71 | 16.31% | 147.84 | 3,489.61 Cr. |
| Happy Forgings Limited | 26.78 | 33.23 | 15.07% | 171.17 | 1,358.24 Cr. |