Munish Forge Limited, a leading player in the manufacturing of forgings and castings, is set to launch its Initial Public Offering (IPO) on September 30, 2025. With an issue size of up to 77,00,400 equity shares at a price band of ₹91–₹96 per share, the company aims to raise ₹73.92 crore (at the upper price band). The IPO will be listed on the NSE Emerge platform, marking a significant milestone in Munish Forge’s growth journey.
Equity Share Allocation
- Qualified Institutional Buyer – Not more than 36,56,400.00 Equity Shares
- Non-Institutional Investors – Not less than 10,98,000.00 Equity Shares
- Individual Investors – Not less than 25,60,800.00 Equity Shares
- Market Maker – Up to 3,85,200.00 Equity Shares
The net proceeds from the IPO will be utilized for funding capital expenditure for capacity enhancement, meeting working capital requirements, repaying/pre paying certain borrowings and general corporate purposes. The anchor portion will open on Monday, Sept 29, 2025 and the issue will close on Friday, Oct 03, 2025.
The Book Running Lead Manager to the Issue is Gretex Corporate Services Limited, and the Registrar is Skyline Financial Services Private Limited.
Mr. Davinder Bhasin, Managing Director of Munish Forge Limited expressed, “Over the last four decades, Munish Forge Limited has built its presence in precision engineering and manufacturing, serving sectors such as Defence, Oil & Gas, Automobile, and Infrastructure. The company focuses on supplying forged and cast components, maintaining relationships with its customers, and improving its technology and processes.
The IPO is an important step for the company, and the funds raised will be used to expand manufacturing capacity. The company will continue to focus on its business activities and meet the requirements of its customers and stakeholders.”
Mr. Alok Harlalka, Director of Gretex Corporate Services Limited said, “We are glad to partner with Munish Forge Limited in its IPO journey. With a proven track record in manufacturing forgings and castings for critical sectors such as Defence, Oil & Gas, Automotive, Railways, and Infrastructure, the company is well-positioned for the next phase of growth. The IPO will enable the company to invest in advanced machinery and civil infrastructure, reduce debt, and strengthen its working capital base. These steps will enhance production capacity, improve operational efficiency, and support expansion into new markets, both in India and globally. We believe this fundraise will help the company grow further and create long-term value.”
The IPO represents an important step for Munish Forge as it looks to strengthen its market presence and unlock new opportunities for expansion. With a strong foundation in manufacturing and a clear vision for the future, the company’s public offering is poised to draw the attention of investors seeking long-term value in India’s growing industrial sector.
