Munish Forge IPO — Listing Performance
Munish Forge IPO facts & figures
| Issue category | SME |
|---|---|
| Issue open date | 30 Sep 2025 |
| Listing date | 8 Oct 2025 |
| Overall subscription | 3.35x |
| Issue price | ₹96 |
| Listing-day close | ₹110.25 (14.84%) |
| Recent market price | ₹93 (-3.13% vs issue) |
| 52-week range | ₹53.80 – ₹137.05 |
| Identifiers | NSE: MUNISH · ISIN: INE1K8Y01018 |
How the listing went
Munish Forge saw a healthy listing pop, closing day one 14.84% above the issue price, on moderate subscription of 3.35x.
Munish Forge against every other debut on record
- Rank in 2025: 72 of 215 NSE debuts, on a 14.84% first-day close.
- 65th percentile of 116 SME debuts in 2025 (median 6.52%).
- 8th of 23 debuts in October 2025.
- Subscribed 3.35x: 34th percentile of 165 SME issues with a figure; the 65 subscribed between 1 and 5 times closed day one a median -1.34%.
- Opened 9.38% above issue, then added 5.46 points to the close.
- Day-one range ₹102 to ₹110.25: a 8.59% swing on the issue price.
- Last close ₹93 (11 Sep 2026): 3.13% below issue, against 14.84% on day one.
- 47% up its 52-week range of ₹53.80 to ₹137.05.
- Priced at the top of the ₹91 to ₹96 band.
- Listed 5 calendar days after close.
- All 601 SME debuts on record: median 14.22%, 79% closed above issue.
Computed over 1109 verified NSE debuts to 11 Sep 2026 · sources