Munish Forge
Book Building issueSMENSE₹73.92 Cr issue
+9.38%
Listing gain over issue price
Issue size
₹73.92 Cr
1 lot at cut-off
₹1,15,200
Lot size
1,200shares
Open
30 Sep 2025
Close
03 Oct 2025
Allotment
06 Oct 2025
Listing
08 Oct 2025
Listing performance
Issue price
₹96
Listed at
₹105
Listing-day close
₹110.25
Latest price
₹80
Close on 23 Oct 2026
Listing gain
+9.38%
Return since issue
-16.67%
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- IPO date
- 30 Sep 2025 – 03 Oct 2025
- Listing date
- 08 Oct 2025
- Face value
- ₹10 per share
- Issue price
- ₹96 per share
- Lot size
- 1,200 shares
- Issue type
- Book Building issue
- Listing at
- NSE
- Total issue size
- ₹73.92 Cr
- Market cap at offer price
- ₹231 Cr
- Promoter holding
- 100.00% → 68.01% pre-issue → post-issue
- ISIN
- INE1K8Y01018
- Registrar
- Skyline Financial Services Pvt.Ltd.
- Lead managers
- Gretex Corporate Services Ltd.
- Registered office
- Village-Gobindgarh, Adj.Phase-VII, Focal Point, Punjab
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Anchor investor · within QIB | 21,93,600 | — | — |
| Market maker | 3,85,200 | — | — |
Application size
Minimum 1,200 shares per lot, in multiples, at ₹96
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1,200 | ₹1,15,200 |
| S-HNI (min) | 2 | 2,400 | ₹2,30,400 |
| S-HNI (max) | 8 | 9,600 | ₹9,21,600 |
| B-HNI (min) | 9 | 10,800 | ₹10,36,800 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Shares allocated
21,93,600
Anchor portion
₹21.06 Cr
at ₹96 per share
Valuation and performance
Valuation at offer price
₹96 per share
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 8.07 | 5.94 |
| P/E (×) | 11.90 | 16.16 |
| Price to book (×) | 2.34 | — |
| Market cap | — | ₹231 Cr |
Key performance indicators
Latest reported period
- Return on net worth
- 26.50%
- ROCE
- 16.44%
- Debt / equity
- 0.89
- PAT margin
- 8.15%
- EBITDA margin
- 13.89%
- NAV per share
- ₹40.99
- Price to book
- 2.34
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
Munish Forge IPO FAQs
What is the lot size of Munish Forge IPO?
The minimum lot size of Munish Forge IPO is 1,200 shares. One lot costs ₹1,15,200 at the cut-off price.
When does Munish Forge IPO open and close?
Munish Forge IPO opened for subscription on 30 Sep 2025 and closed on 03 Oct 2025.
What is the listing date of Munish Forge IPO?
Munish Forge IPO listed on 08 Oct 2025.