Munish Forge Limited
NAV/Share (₹)40.99
RONW(%)26.50
EPS (Basic) (₹)8.70
Listed Price₹105.00
Listing Gain+9.38%
Price Band₹91 - ₹96
Lot Size1,200 shares
Min Bid₹1,15,200
Subscription3.6x
Listed Market Snapshot
₹105.00Listed price from market data
+9.38%listing gain
Issue Amount
₹73.92 Cr
Listed Price
₹105.00
Current Price
₹80
Registrar
Skyline Financial Services Private Limited
IPO Schedule & Timeline
Bookbuilding IPOOpen30 Sep 2025
Close03 Oct 2025
Allotment06 Oct 2025
Listing08 Oct 2025
Quota Reservation & Application Lots
Quota Reservation (% Shares)
Anchor21,93,600 shares
28.49%
QIB14,62,800 shares
19%
HNI10,98,000 shares
14.26%
Retail25,60,800 shares
33.26%
Market Maker3,85,200 shares
5%
Minimum Application Lots
Retail2 Lots (2,400 shares)
₹2,30,400
sHNI3 Lots (3,600 shares)
₹3,45,600
bHNI9 Lots (10,800 shares)
₹10,36,800
Company Promoters
Mr. Davinder BhasinMr. Dev Arjun BhasinMs. Minakshi BhasinMunish Promoters and Developers Private LimitedDev Arjuna Enterprises Private Limited
Company Background
Munish Forge Limited, incorporated in July 1986, manufactures a wide range of components such as flanges, scaffolding, auto parts, tank tracks, bomb shells, fence posts, and steel accessories, meeting both customer specifications and international standards. Serving the Indian Army and industries like defence, oil and gas, automobile, construction, and infra...
Lead Managers & Bankers
Financial Performance
Figures in ₹ CroresMetric Breakdown
Revenue
Latest (Mar-25)₹178.63 Cr
Growth+42.8%
Revenue Trend (₹ in Crores)
Key Performance Indicators (KPIs)
Peer Comparison & Valuation
Financial Performance
Ramkrishna Forgings Limited
NAV/Share (₹)166.28
RONW(%)13.35
EPS (Basic) (₹)22.22
Happy Forgings Limited
NAV/Share (₹)196.27
RONW(%)14.47
EPS (Basic) (₹)973.85
Valuation
Munish Forge Limited
P/E(X)NA
CMP* (₹)NA
Face value (₹)NA
Ramkrishna Forgings Limited
P/E(X)34.80
CMP* (₹)NA
Face value (₹)NA
Happy Forgings Limited
P/E(X)NA
CMP* (₹)NA
Face value (₹)NA
Broker & Analyst Reviews
Review Not Available
Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.
IPO Allotment & Registrar Status
Official Registrar: Skyline Financial Services Private Limited
Allotment Finalized
Allotment Date
06 Oct 2025Official Status
Out / FinalizedRegistrar
Skyline Financial Services Private LimitedListing Date
08 Oct 2025Official Allotment Verification Links
Official Registrar Portal
Skyline Financial Services Private Limited
Direct allotment verification on the official registrar portal appointed for Munish Forge. Check with PAN or Application No.
Stock Exchange Portal
BSE India Investor Portal
Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.
Allotment Schedule & Milestones
IST1. Allotment Finalization06 Oct 2025Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date08 Oct 2025Trading commences on exchange
How to Check Munish Forge Allotment Online
1Open Portal
Click on the official registrar link or BSE portal button above.
2Select Company
Select Munish Forge from the issue drop-down list.
3Enter Details
Select PAN, Application No., or DP Client ID and type your details.
4View Allocation
Click Submit to check your allotted share count and status.
Prospectus & Official Filings
Allotment FAQs & Help
About Munish Forge IPO
Complete issue overview for Munish Forge (MUNISH) IPO. The issue features an equity share price band of ₹91 – ₹96 per share with a minimum retail lot size of 1200 Shares (minimum application amount of ₹1,15,200). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.