Munish Forge IPO

About the company

Incorporated in 1986, Munish Forge operates in the forging and casting industry, manufacturing products such as flanges, scaffolding systems, auto parts, tank track chains, bomb shells, fence posts, and steel accessories to serve diverse sectors, including defence, oil and gas, automobile, construction, and infrastructure. In FY25, flanges represent the largest revenue segment, contributing 32.64%, followed by Scaffolding at 22.16%. Defence revenue grew from 1.37% in FY24 to 12.93% in FY25, while flange revenue declined from 53.48% to 32.64% in the same period. The exports contributed 60.32% of total revenue in FY25, with the USA being the largest contributor at 33.45%. The company served 167 customers in FY25, with repetitive customers contributing 41.32% of total customers.

Financial performance (₹ Cr)

Subscription breakup (final, times)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   30 Sept 2025

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   03 Oct 2025

   Last day to place your bid

3. Basis of Allotment

   Completed
   06 Oct 2025

   Share allotment finalised

4. Refund Initiation

   Completed
   07 Oct 2025

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   07 Oct 2025

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   08 Oct 2025

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.