Munish Forge Ltd Logo

Munish Forge Ltd IPO

NSELot: 1200

LISTEDSME
Issue Price96
Listing104.74
Current75.4
Price Band
91 - ₹96
Lot Size
1,200
Issue Size
₹73.92 Cr
GMP
0
Subscription
0.27x

IPO Schedule

1
Open
30 Sept
2
Close
3 Oct
3
Allotment
6 Oct
4
Listing
8 Oct

About Munish Forge Ltd

Munish Forge Ltd is an SME engaged in the manufacturing of metal products. They cater to various industries, providing forged and machined components.

Subscription Status

QIB
0.36x
NII
0.52x
Retail
0.11x
CategoryDay 3Day 2Day 1
QIB4.05x0.36x0.36x
NII4.88x0.26x0.52x
Retail2.66x0.23x0.11x
Total3.53x0.27x0.27x

Risk Factors

Dependence on specific industries exposes the company to cyclical downturns.
Fluctuations in raw material prices, particularly steel, can impact profitability.
Competition from larger, established players in the forging industry.

Promoters & Management

The key management team of Munish Forge Limited includes Mr. Davinder Bhasin, the Managing Director, who has over 39 years of experience in the forging, casting, and engineering industries. He is responsible for overseeing the overall business functions, ensuring smooth execution of projects, and guiding the company's strategic direction. Mr. Dev Arjun Bhasin serves as the Executive Director and Chief Executive Officer, bringing nearly 4 years of experience in managing operations and implementing strategic initiatives. Mr. Vishal Anand is the Executive Director with over 2 decades of experience in the industry. The board also includes independent directors such as Ms. Priya Begana, Mr. Arshdeep Singh Bedi, and Mr. Khushvinder Bir Singh, who provide valuable insights and guidance to the company. The company's management team is committed to ethical business practices, environmental sustainability, and stakeholder trust.