Munish Forge Limited
ListedSMEIndustrials · NSE
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, meeting both customer specifications and international standards. Serving the Indian Army and industries like defence, oil and gas, automobile, construction, and infrastructure, the company holds certifications including ISO 9001:2015, ISO 14001:2015, IATF 16949:2016, and PED. It produces critical defence components like battle tank track chains and bomb shells, with rigorous testing in-house and at NABL-certified labs. Munish Forge also exports products globally, adhering to international standards, and uses advanced manufacturing methods, including induction furnaces and solar power, to improve efficiency and reduce environmental impact. As of March 31, 2025, the company employed 754 people.
Price Band
₹91 – ₹96
Issue Size
₹73.92 Cr
Lot Size
1200 shares
GMP
—
Est. Listing
₹96
at current GMP
Subscribed
3.60x
overall
Open
30 Sep 2025
Close
3 Oct 2025
Allotment
6 Oct 2025
Refund
7 Oct 2025
Demat Credit
8 Oct 2025
Listing
8 Oct 2025
Last updated 11 months ago
Live Grey Market Premium
Munish Forge Limited GMP Today
Last updated: 21 Nov 2025
Current Premium
₹00.0%
Issue Price (Upper)
₹96
Band: ₹91 – ₹96
Estimated Listing Price
₹96
Upper price + GMP
Lot Size
1200 shares
Min investment ₹1,15,200
Estimated Profit / Lot
₹0
1200 × ₹0
Munish Forge Limited GMP Historical Trend
GMP History
Grey Market Premium trend
—
▲ 0 today
Updated less than a minute ago
Estimated Listing Price
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | — | 0.0% | ₹96 |
| 30 Oct 2026 | — | 0.0% | ₹96 |
| 29 Oct 2026 | — | 0.0% | ₹96 |
GMP is unofficial market data. Not a guarantee of listing performance.
About Munish Forge Limited Public Issue & Market Profile
Munish Forge Limited is bringing an initial public offering (IPO) in the Industrials sector with an aggregate issue size of ₹73.92 Crores. The shares are offered at a price band of ₹91 to ₹96 per equity share on NSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Public Issue & Pricing Context:
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 1200 shares (approx. ₹1,15,200 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Basis of Allotment & Listing Timeline:
Allotment reconciliation will be managed by Skyline Financial Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2025-10-08, while un-allotted funds or UPI block mandates will be released on 2025-10-07.
Frequently Asked Questions
What is Munish Forge Limited IPO GMP today?
The latest grey market premium for Munish Forge Limited IPO is ₹0, which indicates an expected listing price of ₹96.
What does Kostak Rate and Sauda mean in IPO GMP?
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
Is Grey Market Premium officially recognized?
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.