From 107,000 units in FY23 to 135,000 units in FY24, the Indian Construction Equipment industry surpassed sales projections of 2024 and recorded a 26% growth. Munish Forge Private Limited, a company operating in this landscape, is gearing up for the Munish Forge IPO, which is expected to open on 30 September 2025.
While Gretex Corporate Services Limited is managing the Munish Forge Ltd IPO as its lead manager, Skyline Financial Services Limited is entrusted with the registry and allotment. Don’t forget to view the Munish Forge IPO allotment status.
For a more comprehensive Munish Forge IPO details, view the Munish Forge Limited DRHP and RHP.
Note: 50% shares will be unlocked 30 days after allotment, while the rest will be free from lock-in restrictions after 90 days.
Discussed here are the key Munish Forge IPO details, including the Munish Forge Pvt Ltd turnover, IPO price, size, timeline and more.
The key strengths and risks associated with the Munish Forge IPO are discussed below.
Strengths
Experienced Promoters: The experiences of the promoters and key managerial personnel provide key insights that aid in growth.
Manufacturing Facility: The company aims to maintain a robust production centre, equipped with modern technical trends to meet customer needs.
Quality Assurance: The company maintains stringent quality checks and has various certifications to demonstrate product and production quality.
Global Footprint: More than 60% of products are exported, and the business has spread its wings to the markets of the USA, the UK, Dubai, etc.
Risks
Credit Rating: If any credit rating agency downgrades the sovereign rating of India, the company might find it difficult to raise funds.
Global Risk: The company has a strong international presence and plans to grow it further. However, several political, business, economic and other risks might hinder the plans.
Vulnerability to Few Client Groups: A huge part of revenue is derived from a limited number of clients.
Continuation of Partnership: The company relies heavily on promoters and directors. Continuation of their association with the business can be key.
On 27 September 2025, the Munish Forge IPO GMP is 0. However, the GMP might change soon. Stay updated with the latest GMP. Don’t forget to check the detailed analysis, along with their RHP and DRHP, to understand the Munish Forge IPO size, date, financials, etc.
Stay tuned with the live subscription status before hitting APPLY.
What is the Munish Forge IPO date?
The Munish Forge IPO opens on 30 September 2025 and ends on 03 October 2025. Check out the live subscription data in real time.
What is the Munish Forge IPO price?
The total issue is ₹73.92 crores for the Munish Forge IPO. The final issue price can be between ₹91 and ₹96 per share. Also, don't forget to check the Munish Forge IPO live subscription status before applying.
Do I need a demat account to bid for the Munish Forge IPO?
Yes, a demat account is required to bid for the Munish Forge IPO. Click here to get the ultimate list of the top demat account providers.
What is the Munish Forge IPO GMP?
