Munish Forge Limited
Promoters Davinder Bhasin · Minakshi Bhasin · Dev Arjun Bhasin · Munish Promoters And Developers Private Limited · Dev Arjuna Enterprises Private limited
Against an issue price of ₹96. Split- and bonus-adjusted official closes — a past move, never a forecast.
Munish Forge Limited raised ₹72 crore through a SME-platform initial public offer.
The filing places it in Industrial Products and names five promoters: Davinder Bhasin, Minakshi Bhasin, Dev Arjun Bhasin, Munish Promoters And Developers Private Limited and Dev Arjuna Enterprises Private limited.
The book was open from 30 September 2025 to 3 October 2025.
The issue was priced at ₹96 a share, from a band of ₹91 to ₹96.
We did not poll this issue while its book was open. The exchange publishes only the current cumulative figure and no history, so a subscription series cannot be reconstructed after an issue closes.
The shares listed on 8 October 2025.
The last official close on file is ₹83 (5 November 2026), which is 13.5% below the issue price.
It now trades as MUNISH, and its filed financials are on its company page.
Shares sold in the issue at ₹96 last closed at ₹83.
See MUNISH’s filed financials and price history →Official exchange closes, restated for splits, bonuses and rights issues since listing. A record of past price movement, not a forecast.
- How it was priced
- Book-built — the price was discovered inside a band from the bids received
- Listing sought at
- NSE
- Registered office
- Northern India
- Company website
- www.munishforge.com
- Registrar
- Skyline Financial Services Private Limited
- Lead manager
- Gretex Corporate Services Pvt Limited
- Bidding opens30 Sept 2025
- Bidding closes3 Oct 2025
- Basis of allotmentnot published
Not published in the exchange feeds we ingest — we do not estimate it.
- Listing8 Oct 2025
We did not poll this issue while its book was open. The exchange publishes only the current cumulative figure and no history, so a subscription series cannot be reconstructed after an issue closes.
We did not poll this issue while its book was open. The exchange publishes only the current cumulative figure and no history, so a subscription series cannot be reconstructed after an issue closes.
We have not extracted an anchor allotment list for this issue.
- All other pre-issue capitalSEBI ICDR 2018 Reg. 17 — all other pre-issue capital, 6 months from allotment8 Apr 2026already free
- Promoters' minimum contributionSEBI ICDR 2018 Reg. 16(1)(a) — promoters' minimum contribution, 18 months from allotment8 Apr 2027whole tranche releases on this date
Computed from the SEBI ICDR 2018 lock-in rules, not disclosed by the issuer or the exchange. The regulation counts from the date of allotment, which no feed we ingest publishes, so these are counted from the listing date and fall at most two to three business days later than the true expiry.
The "Basis for Offer Price" chapter states the earnings the price was set against and the multiples it implies. We have not extracted it for this issue — several offer documents are served as .zip archives or as scanned pages with no text layer.
We have not extracted this section from the offer document for this issue yet. It is read from the abridged prospectus, and several offer documents are served as .zip archives or as scanned pages with no text layer.
We have not extracted this section from the offer document for this issue yet. It is read from the abridged prospectus, and several offer documents are served as .zip archives or as scanned pages with no text layer.
The peer table is printed in the offer document's "Basis for Offer Price" chapter; we have not extracted it for this issue yet.
| Firm | Issues | Typical listing move | Below issue @30d | @90d | @180d |
|---|---|---|---|---|---|
Gretex Corporate Services Limited 2023 – 2026 | 16 0 measurable | — | — | — | 0 of 2 |
| Firm | Issues | Typical listing move | Below issue @30d | @90d | @180d |
|---|---|---|---|---|---|
Skyline financial services private limited 2021 – 2026 | 79 2 measurable | +12.3% | 1 of 3 | 1 of 3 | 1 of 4 |
A count of what happened to the other issues each firm was named on, computed from exchange closes. Not a rating, not a ranking, and not a view on the firm.
- Prospectus· PDF · exchange archive6 Oct 2025
- Red herring prospectus (RHP)· PDF · exchange archive24 Sept 2025
- Draft red herring prospectus (DRHP)· ZIP · exchange archive3 May 2025
- In-principle approval (XBRL)· XML · exchange archive
Filed with SEBI and the exchanges by the issuer. These are the source for every figure on this page.
Compiled from NSE and SEBI offer documents and exchange feeds. A description of the issue and of the bids received — not investment advice, and not a view on whether to apply. No grey-market premium, no allotment lookup and no listing-gain estimate is published here.