Munish Forge Ltd IPO
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Munish Forge Ltd IPO Details
Details
Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
---|---|---|---|---|---|
₹ 77 L | ₹ 13.44 L | TBA | ₹ 177.14 L | DBC | ₹ 73.92 Cr |
IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
30 Sep, 25 | 03 Oct, 25 | 1200 | ₹ 1,09,200 | Book Building - SME | 08 Oct, 25 |
Munish Forge Ltd IPO Dates
Details
Sector | Type |
---|---|
Sector | Castings & Forgings |
Sub Sector | NA |
Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
---|---|---|---|
QIB | 0x | 0 | 0 |
NII | 0x | 0 | 0 |
Retail | 0x | 0 | 0 |
Employee | 0x | 0 | 0 |
Total | 0x | 7700400 | 0 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Munish Forge Ltd Financial Status
Income Statement
Balance Sheet
Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
---|---|---|---|
Revenue from operations | 8.54 | 5.47 | 4.85 |
EBITDA | 11.30 | 8.53 | 8.53 |
PAT | 4.39 | 1.97 | 1.43 |
Total Assets | 85.93 | 82.00 | 94.55 |
Share Capital | 9.64 | 9.64 | 9.64 |
Total Borrowings | 57.95 | 60.27 | 73.08 |
Operating Activities (Net Cash) | 7.15 | 5.03 | 5.11 |
Investing Activities (Net Cash) | -4.93 | 0.00 | 0.00 |
Financing Activities (Net Cash) | 57.95 | 60.27 | 73.08 |
Net Cashflow | 1.04 | 9.17 | 3.59 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Munish Forge Ltd
Our Company was originally incorporated on July 25, 1986, as a Private Limited Company in the name of Gaisu Forge Private Limited under the provisions of the Companies Act, 1956 bearing Registration Number 6950 issued by the Registrar of Companies, Punjab, Himachal Pradesh & Chandigarh. Further, our Company was converted from a Private Limited Company to Public Limited Company along with name change and consequently, the name of our Company was changed from Gaisu Forge Private Limited to Munish Forge Limited and a Fresh Certificate of Incorporation consequent to Conversion was issued on May 03, 1995 bearing Registration Number 6950 issued by the Registrar of Companies, Punjab, Himachal Pradesh & Chandigarh. Further, our Company was converted from a Public Limited Company to Private Limited Company and consequently, the bearing Registration Number 06950 issued by the Registrar of Companies, Punjab, Himachal Pradesh & Chandigarh. Subsequently, pursuant to a Special Resolution of our Shareholders passed in the Extra-Ordinary General Meeting held on November 12, 2024, our Company was again converted from a Private Limited Company to Public Limited Company and consequently, the name of our Company was changed from Munish Forge Private Limited to Munish Forge Limited and a Fresh Certificate of Incorporation consequent to Conversion was issued on December 17, 2024, bearing Corporate Identification Number U28910PB1986PLC006950 by the Central Processing Centre.
The industrial sector plays a crucial role in the economic development of a country. It encompasses a wide range of activities, from manufacturing and construction to energy production and mining. Industrial growth is often linked to technological advancements, improved infrastructure, and favorable government policies. A well-developed industrial sector not only boosts employment opportunities but also enhances the country's GDP and global competitiveness. In recent years, sustainable industrial practices have gained prominence, emphasizing resource efficiency, waste reduction, and eco-friendly production methods.
Our company was established as Gaisu Forge Private Limited in 1986, underwent multiple transformations before becoming a public limited company in December 2024. A leading forging and casting manufacturer, it supplies highprecision components for Defense, Oil & Gas, Automotive, Railways, Agriculture, and Infrastructure, including flanges, scaffolding, auto parts, tank track chains, bomb shells, and fence posts. As a key supplier to the Indian Army, it produces battle tank track chains and bomb shells. With a strong presence in India, the USA, UK, Canada, and Europe, Munish Forge continues to expand as a trusted partner known for its integrated production, innovation, and commitment to quality excellence.
Peer Comparison:
- Ramkrishna Forgings Ltd
- Happy Forgings Ltd
Munish Forge Ltd IPO Key Points
Strengths
- Experienced Promoters.
- Integrated manufacturing facility.
- Quality Assurance and Control.
- Quality Driving Global Reach.
- Financial Track Record.
Risk
- Our existing international operations and our plans to expand into additional overseas markets are subject to various business, economic, political, regulatory and legal risks.
- The Company is dependent on few numbers of customers for sales. The loss of any of these large customers may affect our revenues and profitability.
- Our Promoter and Directors play a key role in our functioning and we heavily rely on their knowledge and experience in operating our business and therefore, it is critical for our business that our Promoter and Directors remain associated with us.
Strategy
- Enhancing Efficiency and Promoting Sustainability.
- Strategic Growth and Market Expansion.
- Corporate Governance and Sustainability Commitment.
- Experienced Promoters.
- Integrated manufacturing facility.
- Quality Assurance and Control.
- Quality Driving Global Reach.
- Financial Track Record.
How To Apply for Munish Forge Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.