Loading...
Guest User
Welcome! Please login.
| IPO Listing At | NSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹73.92 Cr |
| Reserved for Market Maker | ₹3.70 Cr |
| Net Issue Size | ₹73.92 Cr |
| Fresh Issue | ₹57.32 Cr |
| Offer for Sale | ₹12.90 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹91.00-96.00 per share |
| NSE Code | MUNISH |
| Registrar | Skyline Financial Services Pvt.Ltd. |
| Lead Managers |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 2,400 shares · Multiples of 1,200 shares
Incorporated in July 1986, Munish Forge Limited manufactures components, including flanges, scaffolding, auto parts, tank tracks, bomb shells, fence posts, and steel accessories, according to customer specifications and international standards. It serves the Indian Army and industries such as defence, oil and gas, automobile, construction, and infrastructure.
The company holds certifications like ISO 9001:2015, ISO 14001- 2015, IATF- 16949- 2016, PED (Pressure Equipment Directive).
The company manufactures key components for the Indian Army, including Battle Tank Track Chains and Bomb Shells. Rigorous testing in-house and at NABL-certified labs ensures its products meet Defence-level standards.
Munish Forge exports many products globally, ensuring compliance with international standards. Strict quality controls maintain reliability across product lines.
The company uses modern manufacturing techniques, like induction furnaces and solar power, to enhance efficiency and minimise environmental impact. Ongoing investment in technology and process improvements keeps Munish Forge competitive.
As of March 31, 2025, there is a total of 754 employees on the company's payroll.
Competitive Strength:
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital expenditure towards Civil construction and Purchase of additional Plant & Machinery | 7.19 |
| 2 | Repayment/Pre-payment of Certain Debt Facilities | 9.70 |
| 3 | Working Capital Requirements | 30.00 |
| 4 | General Corporate Purposes | 2.84 |
| Total | 49.73 |
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 161.54 | 113.09 | 106.88 |
| Total Income | 178.63 | 161.58 | 161.18 |
| Profit After Tax | 14.30 | 4.39 | 1.97 |
| EBITDA | 24.36 | 11.43 | 9.14 |
| NET Worth | 67.40 | 40.52 | 35.94 |
| Reserves and Surplus | 49.69 | 30.89 | 26.30 |
| Total Borrowing | 60.20 | 47.16 | 50.22 |
| Amount in ₹ Crore | |||
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 21.22% |
| ROCE | 16.44% |
| Debt / Equity | 0.89% |
| RoNW | 26.50% |
| PAT Margin | 8.15% |
| EBITDA Margin | 13.89% |
| Price to Book Value | 2.34 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 8.07 | 5.94 |
| P/E (x) | 11.89 | 16.16 |
| Promoter Holding | 100% | 68.01% |
| Market Cap | ₹231.07 Cr. | |
