Munish Forge has released IPO and all details of IPO such as last date to apply, price, prospectus PDF and all other details are given below.
Munish Forge IPO Details
| IPO Open Date | September 30, 2025 |
| IPO Close Date | October 3, 2025 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹91 to ₹96 Per Share |
| Issue Size | Approx ₹73.92 Crores |
| Fresh Issue | Approx ₹61.02 Crores |
| Offer for Sale | Approx 13,44,000 Equity Shares |
| Issue Type | Book Built Issue |
| IPO Listing | NSE SME |
| Download Prospectus PDF | Click Here |
Munish Forge IPO Dates and Schedule
| IPO Open Date | September 30, 2025 |
| IPO Close Date | October 3, 2025 |
| Basis of Allotment | October 6, 2025 |
| Refunds | October 7, 2025 |
| Credit to Demat Account | October 7, 2025 |
| IPO Listing Date | October 8, 2025 |
| IPO Bidding Cut-off Time | October 3, 2025 – 5 PM |
About Munish Forge IPO
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, all designed as per customer requirements and international standards. The company caters to the Indian Army as well as industries like defence, oil and gas, automobile, construction, and infrastructure. It holds several certifications, including ISO 9001:2015, ISO 14001:2015, IATF 16949:2016, and PED, which reflect its commitment to quality and global standards. Munish Forge produces critical components for the Indian Army, such as battle tank track chains and bomb shells, with testing carried out both in-house and at NABL-certified labs to ensure defence-level quality. The company also exports many products worldwide, following strict quality controls to maintain reliability. With advanced manufacturing techniques like induction furnaces, CNC machines, robotic welders, CAD/CAM systems, and solar power, it focuses on efficiency, innovation, and sustainability. Continuous investment in technology and process improvements helps the company stay competitive. As of March 31, 2025, it had 754 employees. Its strengths include an integrated in-house manufacturing setup covering everything from die design and forging to machining, heat treatment, plating, and packaging, which ensures better control and faster delivery. Serving leading OEMs and Tier-1 suppliers across Europe, North America, the Middle East, and India, Munish Forge continues to build a strong global presence.
