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15 Days Price Change

Munish Forge IPO

Closing In

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Profile
Issue Size 52.87 Cr
Profile
Price Range 91  to  96 per share
Profile
Min Investment ₹96
Profile
Lot Size 1
Profile
Face Value ₹10
Profile
Draft Prospectus
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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

Our company, Munish Forge Limited, envisioned by our founder Mr. Davinder Bhasin is a manufacturer in the forgingand casting industry, specializing in manufacturing premium forged and cast components. With the vision, we haveestablished ourselves as a trusted name in producing forged components that cater to a wide range of industries. We havecontinuously evolved, combining innovation with a commitment to excellence, ensuring that we deliver engineeredsolutions that meet the ever-growing demands of our customers across the globe. We manufacture components like Flange, Scaffolding, Auto parts, Tank tracks chains, Bomb shells, Fence post and steelaccessories as per customer specifications and International Standard catering to the requirements of Indian Army andvarious industries such as Defence, Oil and Gas, Automobile, Construction and Infrastructure. Read More

Basic Info

Face Value 10 per share

Price 91  to  96 per share

P/E (x) 11

Sales( Cr.) 175

PAT( Cr.) 14

EPS 8.7

Draft Prospectus

Exchange NSE-SME

Promoter

Company Promoters

Davinder Bhasin Dev Arjun Bhasin Minakshi Bhasin Munish Promoters and Developers Pvt Ltd. Dev Arjuna Enterprises Pvt Ltd.

Pre Issue Share Holding 100%

Post Issue Share Holding 68.01%

Listing Details:

Listing Price: 105

Listing Gain: 8.57%

Current Price: 68.7

Gain On Issue: 68.7 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Sep 30, 2025
Closing Date Oct 03, 2025
Allotment Oct 06, 2025
Refund Oct 07, 2025
Delivery of Shares Oct 07, 2025
Listing Date Oct 08, 2025

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 2400 230,400
Retail (Max) -- -- --
S-HNI (Min) 1 2400 230,400
S-HNI (Max) 4 9600 921,600
B-HNI (Min) 5 12000 1,152,000

Objective of the Issue

i. Capital expenditure towards Civil construction and Capital expenditure towards purchase of additional machinery.ii. Repayment/Pre-payment of Certain Debt Facilities.iii. Working Capital Requirementsiv. General Corporate Purposes

Issue

Category Nos Bid Bid (x)
QIB 0 5918400 0x
NII 0 5740800 0x
Retail 0 6801600 0x
EMP 0 0 0x
Total 0 18460800 0x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Munish Forge Profit & Loss

#(Fig in Cr.) Mar 2025 TTM
Net Sales 175
Other Income 3
Total Income 179
Total Expenditure 151
Operating Profit 28
Interest 5
Depreciation 3
Exceptional Income / Expenses 0
Profit Before Tax 19
Provision for Tax 5
Profit After Tax 14
Adjustments 0
Profit After Adjustments 14
Adjusted Earnings Per Share 8.1

Munish Forge Balance Sheet

#(Fig in Cr.) Mar 2025
Shareholder's Funds 67
Minority's Interest 0
Borrowings 11
Other Non-Current Liabilities 2
Total Current Liabilities 81
Total Liabilities 162
Fixed Assets 37
Other Non-Current Assets 18
Total Current Assets 107
Total Assets 162

Munish Forge Cash Flow

#(Fig in Cr.) Mar 2025
Opening Cash & Cash Equivalents 3
Cash Flow from Operating Activities 6
Cash Flow from Investing Activities -10
Cash Flow from Financing Activities 8
Net Cash Inflow / Outflow 3
Closing Cash & Cash Equivalent 6

Munish Forge Ratios

# Mar 2025
Earnings Per Share (Rs) 8.07
CEPS(Rs) 9.98
DPS(Rs) 0
Book NAV/Share(Rs) 38.01
Core EBITDA Margin(%) 13.89
EBIT Margin(%) 13.77
Pre Tax Margin(%) 11.02
PAT Margin (%) 8.15
Cash Profit Margin (%) 10.08
ROA(%) 8.85
ROE(%) 21.24
ROCE(%) 18.95
Receivable days 52.74
Inventory Days 125.36
Payable days 49.76
PER(x) 0
Price/Book(x) 0
Dividend Yield(%) 0
EV/Net Sales(x) 0.41
EV/Core EBITDA(x) 2.6
Net Sales Growth(%) 0
EBIT Growth(%) 0
PAT Growth(%) 0
EPS Growth(%) 0
Debt/Equity(x) 0.89
Current Ratio(x) 1.33
Quick Ratio(x) 0.58
Interest Cover(x) 4.99
Total Debt/Mcap(x) 0

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 0% 0% 0% 0%
Operating Profit CAGR 0% 0% 0% 0%
PAT CAGR 0% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR NA% NA% NA% NA%
ROE Average 21% 21% 21% 21%
ROCE Average 19% 19% 19% 19%

Company Contact Information

Munish Forge Ltd.

Sukhdeep Kaur

+91 94177 30280

cs@munishforge.com

Village - Gobindgarh Adj. Phase- V I I Focal Point

IPO Lead Manager(s)

Munish Forge Ltd.

Gretex Corporate Services Ltd.

Registrar Info

Munish Forge Ltd.

Skyline Financial Services Pvt Ltd

D-153/A, 1st Floor,Okhla Industrial Area, Phase - I, New Delhi - 110020

91-011-26812682/84

91-11-26292681

admin@skylinerta.com

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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