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Munish Forge: IPO, Share Price and Results Since Listing
Munish Forge listed on NSE Emerge on 8 October 2025 after an IPO at INR 96 a share. On 11 November 2026 the shares closed at INR 82, 14.58% below the issue price. For H2 FY2026 it reported revenue of INR 100.10 crore and a profit after tax of INR 3.08 crore.
Key Facts
- IPO dates
- 30 September 2025 to 3 October 2025
- Issue price
- INR 96
- Issue size
- INR 73.92 crore
- Subscription
- 3.60 times
- Lead manager
- Gretex Corporate Services Limited
- Listing day
- opened at INR 105 (+9.38%), closed at INR 110.25 (+14.84%)
- Listed on NSE Emerge
- 8 October 2025
- Symbol
- MUNISH
- Latest close
- INR 82 on 11 November 2026
- Against issue price
- -14.58%
- Lot size now
- 1,200 shares (INR 98,400 at the latest close)
Results Filed With NSE
Consolidated figures, INR crore. Change compares with the same period a year earlier.
| Period | Revenue | Change | Profit after tax | EPS (INR) | Filed | |
|---|---|---|---|---|---|---|
| H2 FY2026 | 100.10 | – | 3.08 | 1.81 | after listing | 29 May 2026 |
| FY2026 | 182.64 | – | 10.07 | 5.43 | after listing | 29 May 2026 |
| H1 FY2026 | 82.53 | – | 6.99 | 3.94 | before listing | 16 December 2025 |
Promoter Holding
Promoter holding has moved from 68.01% on 7 October 2025 to 68.01% on 30 September 2026 (0 percentage points).
| As of | Promoters | Public |
|---|---|---|
| 30 September 2026 | 68.01% | 31.99% |
| 31 March 2026 | 68.01% | 31.99% |
| 7 October 2025 | 68.01% | 31.99% |
Anchor Lock-ins
| Lock-in | Ends |
|---|---|
| 30 days | 5 November 2025 |
| 90 days | 4 January 2026 |
Next Board Meeting
13 November 2026: Financial results
Sources: NSE Emerge filings (results XBRL, shareholding pattern, board meetings), NSE daily price files, and IPO records. Prices are not adjusted for bonus issues or splits.