What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the current subscription status of Munish Forge Limited IPO?

Munish Forge Limited IPO has received a total subscription of 3.60 times overall.

IPO GreyPremiumLIVE

Grey Market Intelligence

Munish Forge Limited

ListedSME

Industrials · 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

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

Overview Live GMP Subscription Status Allotment Status Filing Documents

Overall Subscription

3.60x

Total Demand

QIB Multiplier

4.05x

Institutions & Funds

NII / HNI

5.23x

High Net-Worth

Retail (RII)

2.66x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 3.60x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
QIB	1,462,800	5,918,400	4.05x
NIB	1,098,000	5,740,800	5.23x
HNIs(10L +)	732,000	4,725,600	6.46x
HNIs (2-10L)	366,000	1,015,200	2.77x
RETAIL	2,560,800	6,801,600	2.66x
Total	6,219,600	24,201,600	3.60x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 3.06x

Category	Applications Reserved	Applications Received	Times Subscribed
QIB	—	5	0.00x
NIB	—	678	0.00x
RETAIL	1,067	2,834	2.66x
HNIs(10L +)	203	399	1.97x
HNIs (2-10L)	102	279	2.74x
Total Applications	1,372	4,195	3.06x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

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.

Bidding & Quota Instructions:

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.

Allotment Reconciliation Schedule:

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?

Currently, Munish Forge Limited IPO Grey Market Premium (GMP) is not actively quoted or is quoted flat at ₹0. The shares are expected to list close to the issue price band of ₹91 to ₹96 per equity share.

What is the expected profit per lot for Munish Forge Limited IPO?

The retail lot size is 1200 shares requiring a minimum application amount of ₹1,15,200. Expected listing price is ₹96 per equity share.

What is the issue size and price band for Munish Forge Limited IPO?

The Munish Forge Limited IPO aggregate issue size is ₹73.92 Crores with an equity price band set at ₹91 to ₹96 per equity share. The retail lot size is 1200 shares requiring a minimum capital outlay of approx. ₹1,15,200.

How can I check Munish Forge Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 3.60x (Retail: 2.66x, QIB: 4.05x, NII: 5.23x). You can track live multiples directly on our dedicated subscription page.

Where and when will Munish Forge Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Skyline Financial Services Private Limited) and the BSE status verification website on or around 2025-10-06. Investors can verify status using PAN card or application number.

When is the listing date for Munish Forge Limited IPO?

Munish Forge Limited shares are scheduled to list on NSE on 2025-10-08.