Price Band
₹91 - ₹96
Lot Size
1200
Issue Size
₹73.92 Cr
GMP
N/A
Subscription
3.53x
Analyzing...
IPO Schedule
1
Open
30 Sept 2025
2
Close
3 Oct 2025
3
Allotment
6 Oct 2025
4
Listing
8 Oct 2025
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.
Key Strengths
- Experienced management team with a proven track record.
- Established relationships with key customers in diverse sectors.
- Strong financial performance with consistent profitability.
- Healthy return on equity (ROE) of 21.22% indicates efficient utilization of shareholder funds.
- Competitive pricing strategy in the market.
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.
Valuation Analysis
The P/E ratio of 11.89 at the upper price band suggests the IPO is reasonably valued compared to industry peers, potentially offering an attractive entry point for investors. However, SME IPOs come with inherent risks and investors should carefully consider their risk tolerance.
IPO Details
ExchangeNSE
SegmentSME
ISININE1K8Y01018
NSE SymbolMUNISH
Face Value₹10
Lot Size1200
Issue Size₹73.92 Cr
Key Metrics
ROE17.2
ROCE21
P/E Ratio23.8
Industry P/E20
EPS8.07
PAT Margin8.15%
Debt/Equity0.52
Growth & Quality
ProfitableYes ✓
Subscription
Total0.27x
Imbalance Ratio6.0x
Documents
Registrar
SKYLINE
Key Dates
Open Date30 Sept 2025
Close Date3 Oct 2025
Allotment6 Oct 2025
Listing8 Oct 2025