Munish Forge Ltd. has announced public offering of 7700400 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 86.00 per share. The gross proceeds of the issue are expected to be Rs 7,392.38 lakhs.
The company's initial public offer (IPO) will open on 30 September 2025 and is expected to close on 03 October 2025, subject to customary closing conditions. The price band of the issue has been fixed at Rs 91.00-96.00 per share.
The IPO includes a fresh Issue of 7700400 Equity Shares of the Company at an price of Rs 96.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1200 shares with bids in multiples of 1200.
Munish Forge Ltd. anticipates using the proceeds of the issue for i Capital expenditure towards Civil construction and Capital expenditure towards purchase of additional machineryii Repayment/Prepayment of Certain Debt Facilitiesiii Working Capital Requirementsiv General Corporate Purposes.
Gretex Corporate Services Ltd. as lead manager & Skyline Financial Services Pvt. Ltd. is the registrar, to the issue.