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Munish Forge IPO is a Book Building IPO listing on NSE EMERGE exchange, with an ipo size of ₹ 73.92 Cr. The company is based in Ludhiana and caters to Automobile - Forging And Casting sector. Gretex Corporate Services is the merchant banker of Munish Forge IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 1st May 2025. Munish Forge IPO open date is 30th September 2025 and close date is 3rd October 2025. IPO Allotment Date is 6th October 2025 and Listing date is 8th October 2025.
IPO
Size:
₹ 73.92 Cr.
Avg IPO Size (Sector Based)
: ₹
25.88 cr.
Sector: Automobile - Forging And Casting
SME
IPO so far:
9
Merchant Banker:
Gretex Corporate
SME
IPO by BRLM so far:
57
City:
Ludhiana
SME
IPO so far:
6
Revenue (annualised):
₹
175.44
cr. 
PE
Ratio:
16.45x
Average Sector PE Ratio: 17.90x
Munish Forge IPO size is ₹ 73.92 Cr. with IPO price of ₹ 96.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
| Particulars | Amount |
|---|---|
| Capital expenditure towards Civil construction and Capital expenditure towards purchase of additional machinery | 7.18 |
| Repayment/Pre-payment of Certain Debt Facilities | 9.70 |
| Working Capital Requirements | 30.00 |
| General Corporate Purposes | 0.00 |
Gretex Corporate Services Limited is the book-running lead manager of the Munish Forge IPO. Skyline Financial Services Private Limited is the Registrar and Market Maker is Gretex Share Broking Private Limited, NNM Securities Private Limited for Munish Forge IPO.
Munish Forge IPO anchor investors are the below investors. The number of anchor investors in this IPO is 10.
| Anchor Investor Name | No. of shares Allotted | Offer Price (in ₹.) | Amount Invested (in ₹.) |
|---|---|---|---|
| Strategic Sixth Sense | 208,800.00 | ₹ 96.00 | ₹ 20,044,800.00 |
| Next Orbit Growth | 208,800.00 | ₹ 96.00 | ₹ 20,044,800.00 |
| Saint Capital Fund | 573,600.00 | ₹ 96.00 | ₹ 55,065,600.00 |
| StepTrade Revolution Fund | 104,400.00 | ₹ 96.00 | ₹ 10,022,400.00 |
| Arnesta Global opportunities | 208,800.00 | ₹ 96.00 | ₹ 20,044,800.00 |
| SB Opportunities Fund | 158,400.00 | ₹ 96.00 | ₹ 15,206,400.00 |
| Shine star build | 208,800.00 | ₹ 96.00 | ₹ 20,044,800.00 |
| CP Capital Limited | 208,800.00 | ₹ 96.00 | ₹ 20,044,800.00 |
| Eminence Global Fund | 104,400.00 | ₹ 96.00 | ₹ 10,022,400.00 |
| 3 Sigma Global | 208,800.00 | ₹ 96.00 | ₹ 20,044,800.00 |
Munish Forge IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Munish Forge IPO, based in Ludhiana, operates in the Automobile - Forging And Casting sector with a focus on Manufacturing premium forged and cast components. The company is launching its SME IPO on the NSE EMERGE exchange, using the Book Building Issue method. Munish Forge IPO size is ₹ 73.92 Cr. with fresh issue size of ₹ 61 Cr. and Offer for sale being ₹ 12.90 Cr.
The IPO allotment date for Munish Forge IPO is expected to be 6th October 2025, after the finalization of basis of allotment. Investors can check Munish Forge IPO allotment status on the registrars website, Skyline Financial Services Private Limited . Munish Forge IPO refund dates are 7th October 2025.
Munish Forge IPO is expected to be listed on 8th October 2025.
The upper price band for the Munish Forge IPO is set at ₹ 96.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Munish Forge IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Munish Forge IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 3rd October 2025. After submission, funds are blocked until the basis of allotment of Munish Forge IPO is finalised.
The merchant banker for Munish Forge IPO is Gretex Corporate Services Limited . Gretex Corporate Services Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Munish Forge IPO RHP for further details.
The registrar for Munish Forge IPO is Skyline Financial Services Private Limited . Investors can go to Skyline Financial Services Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Munish Forge IPO through their official website or helpline.
Munish Forge IPO was subscribed 3.53 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
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IPO
Size:
₹ 73.92 Cr.
Avg IPO Size (Sector Based)
:
₹ 25.88 Cr.
Sector: Automobile - Forging And Casting
SME
IPO so far:
9
Merchant Banker:
Gretex Corporate
SME
IPO by BRLM so far:
57
City:
Ludhiana
SME
IPO so far:
6
Revenue (annualised):
₹ 175.44 cr.
PE
Ratio:
16.45x
Average Sector PE Ratio: 17.90x
Munish Forge IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Munish Forge Financial Review Page
Merchant Banker(s) of Munish Forge IPO: Gretex Corporate Services Limited
Munish Forge IPO subscription was 3.53 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Munish Forge IPO listed at a listing price of 105.00 against the offer price of 96.00.
The current market price of Munish Forge is 110.25.
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