Munish Forge IPO Opens on Sept 30, 2025
FinTech BizNews Service
Mumbai, Sept 26, 2025 – Munish Forge is engaged in manufacturing of forgings and castings, proposes to open its Initial Public Offering on Sept 30, 2025, aiming to raise Rs73.92 Crores (at upper price band) with shares to be listed on the NSE Emerge platform.
The issue size is 77,00,400 equity shares with a face value of Rs10 each with a price band of Rs 91 - Rs96 Per Share.
Equity Share Allocation
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."
About Munish Forge Limited
Munish Forge Limited, Incorporated in 1986, Munish Forge is a leading manufacturer of forgings and castings. The company supplies high-precision components to sectors such as Defence, Oil & Gas, Automotive, Railways, Agriculture, and Infrastructure. Its product range includes flanges, scaffolding, auto parts, tank track chains, bomb shells, and fence posts. As a key supplier to the Indian Army, the company manufactures battle tank track chains and bomb shells, with a strong presence across India, the USA, UK, Canada, and Europe.
In FY25, The Company achieved a Revenue of Rs 17,544.60 Lakhs, EBITDA of Rs 2,436.16 Lakhs & PAT of Rs 1,430.13 Lakhs.
