Munish Forge IPO subscribed 3.53 times on the last day, while the retail quota was subscribed 2.66 times, the QIB was subscribed 4.05 times, and the NII quota was subscribed by 4.88 times, respectively.
Details About Munish Forge IPO
Munish Forge got approval from SEBI for an IPO of ₹73.92 crores and ₹61.02 crores, and offer for sale up to 13,44,000 equity shares with a face value of ₹10 each.
Moreover, the company has set up a price band between ₹91 to ₹96 per share.
In this IPO a total of 2,400 shares were available in 2 lot sizes for the minimum Retail category and for the maximum retail category.
while S-HNI (Min) total of 3,600 shares in 3 lot sizes.
To invest in this IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum investment of ₹2,30,400 and maximum investment of ₹2,30,400.
- Small HNI (S-HNI): Minimum investment of ₹3,45,600.
Subscription duration of Munish Forge IPO
The opening date of the Munish Forge IPO subscription was on September 30, 2025 and closing date of the IPO subscription was on October 3, 2025. The basis of allotment of the IPO was on October 6, 2025, while the IPO listing has been scheduled for October 8, 2025.
Funds Deployment of This Company
Following are the purposes the company is planning to use the funds raised by launching an IPO as follows:
A portion of IPO money would be utilised for Capital expenditure towards Civil construction and the Purchase of additional Plant & Machinery.
A portion of the IPO money would be used for Repayment/Pre-payment of Certain Debt Facilities.
A portion of IPO money would be used for Working Capital Requirements.
A portion of IPO money would be used for the General Corporate Purpose.
About Munish Forge IPO
Munish Forge Limited, founded in July 1986, is one of the leading manufacturers of components, including flanges, scaffolding, auto parts, tank tracks, bomb shells, fence posts, and steel accessories. The company offers its services to support the Indian Army and industries like defence, oil & gas, automobile, construction, and infrastructure.
The company manufactures products like flanges, scaffolding, auto parts, tank track chains, bomb shells, fence posts, and steel accessories that meet customer needs and international standards. ISO 9001:2015, ISO 14001- 2015, IATF- 16949- 2016, and PED (Pressure Equipment Directive) are some of the certifications the company holds. Moreover, the company develops important components, especially for the Indian Army’s Battle Tank Track Chains and Bomb Shells.
