When does Munish Forge IPO subscription close?

Munish Forge IPO subscription closes on 2025-10-03.

MUNISHSME / NSEListed

Munish Forge

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 infrastructure, the company holds certifications including ISO 9001:2015, ISO 14001:2015, IATF 16949:2016, and PED. It produces critical defence components like battle tank track chains and bomb shells, with rigorous testing in-house and at NABL-certified labs. Munish Forge also exports products globally, adhering to international standards, and uses advanced manufacturing methods, including induction furnaces and solar power, to improve efficiency and reduce environmental impact. As of March 31, 2025, the company employed 754 people.

drhp anchor

₹91 - ₹963.6x sub

Listed Price₹105.00

Listing Gain+9.38%

MUNISHSME / NSEListed

Munish Forge IPO Subscription

Q: What is the live subscription status of Munish Forge IPO?

Munish Forge IPO has been subscribed 3.6x overall across Qualified Institutional Buyers (QIB), Non-Institutional Investors (NII), and Retail Individual Investors.

drhp Document anchor Document

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

Subscription Status

3.6xTotal Demand

Updated 21 Nov 2025, 02:33 PM

QIB4.05x

Popular / Warm DemandOffered: 14,62,800 sh

Nib5.23x

Popular / Warm DemandOffered: 10,98,000 sh

Hnis(10l +)6.46x

Popular / Warm DemandOffered: 7,32,000 sh

Hnis (2-10l)2.77x

Fully Subscribed (Safe)Offered: 3,66,000 sh

Retail2.66x

Fully Subscribed (Safe)Offered: 25,60,800 sh

Category	Offered (Shares)	Applied (Shares)	Times Subscribed
QIB	14,62,800	59,18,400	4.05x
Nib	10,98,000	57,40,800	5.23x
Hnis(10l +)	7,32,000	47,25,600	6.46x
Hnis (2-10l)	3,66,000	10,15,200	2.77x
Retail	25,60,800	68,01,600	2.66x

Category	Offered	Applied	Times
QIB	14,62,800	59,18,400	4.05x
Nib	10,98,000	57,40,800	5.23x
Hnis(10l +)	7,32,000	47,25,600	6.46x
Hnis (2-10l)	3,66,000	10,15,200	2.77x
Retail	25,60,800	68,01,600	2.66x

Segment Subscription Demand

Segment / Category	Demand (Shares)	Offered (Shares)	Times Sub.
QIB	56.82	14.04	4.05x
Fiis	5.01	0	Open
Others	51.81	0	Open
Retail	65.3	24.58	2.66x
Hnis 2+	9.75	3.51	2.78x
Hnis 10+	45.37	7.03	6.45x

Application-wise Breakup

Category	Reserved	Applied	Times Sub.
QIB	0	5	Open
Nib	0	678	Open
Retail	1,067	2,834	2.66x
Hnis(10l +)	203	399	1.97x
Hnis (2-10l)	102	279	2.74x

Bidding status cross-verified with live IPO subscription numbers ↗BSE & NSE Bidding Portal Feed

About Munish Forge IPO Subscription Demand

Live subscription status and bidding analysis for Munish Forge (MUNISH) IPO. The issue is subscribed 3.6x overall across Qualified Institutional Buyers (QIB), Non-Institutional Investors (NII/HNI), and Retail Individual Investors (RII). Check real-time grey market demand on our GMP Tracker or review full issue details, lot size, and price band on the IPO Details Page.