
Munish Forge Ltd IPO
NSELot: 1200Castings, Forgings & Fastners
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
| Category | Day 3 | Day 2 | Day 1 |
|---|---|---|---|
| QIB | 4.05x | 0.36x | 0.36x |
| NII | 4.88x | 0.26x | 0.52x |
| Retail | 2.66x | 0.23x | 0.11x |
| Total | 3.53x | 0.27x | 0.27x |
Risk Factors
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.