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News Details

( As on 08/10/2025 10:00)

Munish Forge Ltd. debuts with 9.37% premium at Rs 105.00

Munish Forge Ltd. makes a strong debut on the bourses with scrip got listed at Rs 105.00 on the Bombay Stock Exchange, a 9.37 per cent premium to its issue price of Rs 96.00. On the National Stock Exchange, the stock was listed at Rs 105.00.

The company, which raised 0.77 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 77.00 lakhs shares.

The company, listed under ST Group Securities post its IPO, opened for subscription from Sep 30 to Oct 03.

Following a strong opening, the scrip touched an intraday high of Rs [BSEHighPrice] and a low of Rs [NSEHighPrice], before closing the session [UpDown] by [ChangePer] per cent to its listing price at Rs [ClosingPriceBSE] on the NSE.

The company 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 managers & Skyline Financial Services Pvt. Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark NSE Nifty closed trade at 25,108.30, up 30.65 points, or 0.12 per cent.