Munish Forge, a manufacturer specializing in forgings and castings, is set to raise ₹74 crore through an initial public offering (IPO) on the NSE Emerge platform. The company plans to issue approximately 77 lakh equity shares, with the price range set between ₹91 and ₹96 per share. The subscription period for the IPO will commence on Tuesday.
The net proceeds from this offering will be allocated towards funding capital expenditures, enhancing working capital, reducing debt, and fulfilling general corporate requirements. Gretex Corporate Services will act as the lead manager for the IPO, while Skyline Financial Services has been appointed as the registrar.
Davinder Bhasin, Managing Director of Munish Forge, noted that the company is committed to supplying forged and cast components across diverse sectors including precision engineering, manufacturing, and processes. Its clientele includes industries such as Defence, Oil & Gas, Automobile, and Infrastructure. Bhasin emphasized that the funds raised will be directed towards expanding the company’s manufacturing capacity.
Alok Harlalka, Director of Gretex Corporate Services, stated that the IPO will allow Munish Forge to invest in advanced machinery, improve civil infrastructure, reduce its debt burden, and bolster its working capital. He highlighted that these initiatives are aimed at enhancing production capacity, improving operational efficiency, and facilitating expansion into both Indian and global markets.
The article was published on September 26, 2025.
