Munish Forge IPO is set to open for bidding from September 30 to October 3, 2025, and aims to raise ₹73.92 crore, with shares priced between ₹91 and ₹96. Munish Forge operates in the automobile forging and casting sector, specializing in manufacturing premium forged and cast components for automotive and industrial applications. With an experienced management team and strong industry presence, Munish Forge IPO offers investors a chance to participate in India’s automotive components manufacturing sector poised for growth amid increasing demand for high-quality forged parts.
₹00
₹96
₹105.00
Expert Opinions
Market sentiment for Munish Forge IPO is cautiously optimistic, reflecting steady revenue growth and improved profitability in a competitive forging and casting sector. The company’s strengths include a diversified product portfolio catering to automotive and industrial clients, operational efficiency reflected in rising EBITDA margins, and strategic focus on quality and innovation. Risks involve industry cyclicality, raw material price volatility, and stiff competition from domestic and global players.
The valuation analysis for financial year 2025 indicates the Munish Forge IPO with Return on Equity (ROE) of 21.22%, Return on Capital Employed (ROCE) of 16.44%, and Net Asset Value (NAV) of ₹40.99, suggesting solid returns and asset base. For long-term investors, the IPO offers potential in India’s automotive components sector growth, while short-term investors should factor valuation multiples and market fluctuations.
Investor Considerations
Munish Forge IPO demonstrates stable company performance with marginal revenue growth from ₹161.18 crore in FY 2023 to ₹178.63 crore in FY 2025 and a notable jump in PAT margin to 8.15%, reflecting improved profitability. The automotive forging sector outlook remains constructive, driven by increasing automobile production, demand for high-quality components, and emerging electric vehicle trends.
The valuation analysis for financial year 2025 positions the Munish Forge IPO with a Price to Book Value of 2.34, EBITDA Margin of 13.89%, and Debt to Equity ratio of 0.89, indicating moderate valuation with manageable leverage. Growth prospects hinge on capacity expansion, product innovation, and entering newer market segments. Risks include competitive pressures, raw material cost volatility, and sector cyclicality. Long-term investors may find value given industry fundamentals, whereas short-term investors should be cautious of listing volatility and market sentiment shifts.
| Date | GMP | Trend |
|---|---|---|
| 07 Oct 2025 13.15 | ₹00 | --- |
| 06 Oct 2025 11.39 | ₹00 | --- |
| 04 Oct 2025 11.25 | ₹00 | --- |
| 03 Oct 2025 12.07 | ₹00 | --- |
FAQs
The Grey Market Premium showed poor accuracy in predicting Munish Forge IPO’s listing performance. With a final GMP of ₹0, it projected no premium over the issue price of ₹96, suggesting a flat debut. However, the stock listed at ₹105, delivering a 9.4% gain. This resulted in a prediction error of 9.4%, where the GMP incorrectly signaled a flat listing and underestimated the actual gains, reflecting weak reliability in this case.
Munish Forge IPO Current GMP is ₹00.
Munish Forge IPO Expected Returns is 0.00%.
Munish Forge IPO estimated listing price is ₹96.