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By Dipavali Naik
Munish Forge Ltd.
To finance its business expansion, Munish Forge is coming out with an IPO to raise Rs.73.92 crore, which will open for subscription on Tuesday, 30th September 2025 and will close on Friday, 3rd October 2025. The issue comprises 77,00,400 equity shares of Rs.10 each in the price band of Rs.91 – 96/share. The market lot size is 1,200 shares and the issue will be listed on the NSE Emerge platform.
The net proceeds from the issue will be utilized for funding capital expenditure for capacity enhancement, meeting working capital requirements, repaying/prepaying certain borrowings, and for general corporate purposes.
The issue is managed by Gretex Corporate Services Ltd. and the registrar is Skyline Financial Services Pvt. Ltd.
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