The Munish Forge IPO minimum market lot is 2,400 shares with ₹2,30,400 application amount. The Munish Forge IPO is a SME IPO, and it is to be listed on NSE.
Business Overview
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. All of these products undergo strict testing in-house at NABL-certified labs to ensure they meet defence standards. As of March 31, 2025, the company had 754 employees.
IPOWatch View
We recommend investors may apply for an IPO with Long-term Views. Investors should also look at the QIB, NII, and Retail numbers before investing.
Munish Forge IPO Subscription Status – Day 3
| Category | Day 1 | Day 2 | Day 3 |
| QIB | 0.36 | 0.36 | 4.05 |
| NII | 0.52 | 0.26 | 4.88 |
| RII | 0.11 | 0.23 | 2.66 |
| Total | 0.27 | 0.27 | 3.53 |
Munish Forge IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
Munish Forge IPO Review and Rating
- May Apply For Long-term View
Munish Forge IPO Form
How to apply for the Munish Forge IPO? You can apply for Munish Forge IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Munish Forge IPO in the Invest section. The other option is you can apply for Munish Forge IPO via IPO forms downloaded online. Check out the Asston Pharmaceuticals forms – Click IPO Forms blank IPO forms download, fill, and submit in your bank or with your broker.
