Munish Forge SME IPO Subscription
ListedUpdated 8 October 2025, 9:15 AM IST· NSE SME
Munish Forge SME IPO subscription closed on 3 October 2025 at 3.53x overall by shares. QIB demand came in at 4.05x, NII at 5.23x, and retail at 2.66x. See Retail, SHNI, and BHNI allotment chances in the table below.
Allotment date is 6 October 2025. Listing date on NSE and BSE is 8 October 2025.
Munish Forge SME IPO Day-wise Subscription
Daily QIB, NII, Retail, and overall subscription as bids come in
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 30 Sept 2025 | 0.36x | 0.52x | 0.11x | 0.27x |
| Day 2 - 1 Oct 2025 | 0.36x | 0.26x | 0.23x | 0.27x |
| Day 3 - 3 Oct 2025 | 4.05x | 4.88x | 2.66x | 3.53x |
Munish Forge SME IPO Allotment Chances
Retail, SHNI, and BHNI chances based on application subscription
Munish Forge SME IPO allotment chances for Retail, SHNI, and BHNI. All three use lottery when the category is oversubscribed.
| Category | Subscription (Apps) | Allotment Chances |
|---|---|---|
| Retail (IND) | 2.66x | 1 in 3 |
| SHNI (Rs 2L to Rs 10L) | 2.74x | 1 in 3 |
| BHNI (above Rs 10L) | 1.97x | 1 in 2 |
Chances use application subscription (how many bids came in), not share or amount figures. If you get allotment, you get at least one lot. Higher subscription means lower chance per PAN.
Check the Munish Forge SME IPO Allotment Status page from 6 October 2025 for your result.
Munish Forge SME IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 96.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 14.04 Cr | Rs 56.82 Cr | 4.05x |
| FII | - | Rs 5.01 Cr | - |
| DFI | - | - | - |
| Mutual Funds | - | - | - |
| Other | - | Rs 51.81 Cr | - |
| NII | Rs 10.54 Cr | Rs 55.11 Cr | 5.23x |
| bNII (above Rs 10L) | Rs 7.03 Cr | Rs 45.37 Cr | 6.46x |
| Corporate | - | Rs 5.77 Cr | - |
| Individual | - | Rs 39.39 Cr | - |
| Other | - | Rs 20.74 L | - |
| sNII (Rs 2L to Rs 10L) | Rs 3.51 Cr | Rs 9.75 Cr | 2.77x |
| Corporate | - | Rs 17.28 L | - |
| Individual | - | Rs 9.54 Cr | - |
| Other | - | Rs 3.46 L | - |
| IND | Rs 24.58 Cr | Rs 65.30 Cr | 2.66x |
| Total | Rs 49.17 Cr | Rs 177.22 Cr | 3.60x |
Munish Forge SME IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 1,219 | 5 | 0.00x |
| FII | - | 1 | - |
| DFI | - | - | - |
| Mutual Funds | - | - | - |
| Other | - | 4 | - |
| NII | 305 | 678 | 2.22x |
| bNII (above Rs 10L) | 203 | 399 | 1.97x |
| Corporate | - | 22 | - |
| Individual | - | 375 | - |
| Other | - | 2 | - |
| sNII (Rs 2L to Rs 10L) | 102 | 279 | 2.74x |
| Corporate | - | 5 | - |
| Individual | - | 273 | - |
| Other | - | 1 | - |
| IND | 1,067 | 2,834 | 2.66x |
| Total | 2,591 | 3,517 | 1.36x |
What Do These Subscription Numbers Mean?
3.53x overall by shares means bids covered about 4 times the shares on offer. Allotment chances depend on applications in each category.
QIB at 4.05x by shares shows institutional demand from mutual funds, FIIs, and banks.
NII covers bids above Rs 2 lakh (2.22x by applications). Split: SHNI 2.74x, BHNI 1.97x by applications. SHNI and BHNI allotment is by lottery.
At 2.66x subscription by applications, about 1 in 3 retail applicants may get allotment (~38% chance per application). Retail allotment is also by lottery.
Munish Forge SME IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 30 September 2025 |
| IPO Close Date | 3 October 2025 |
| Allotment Date | 6 October 2025 |
| Refund Initiation | 7 October 2025 |
| Share Credit to Demat | 7 October 2025 |
| Listing Date | 8 October 2025 |
| Minimum Investment | Rs 2,30,400.00 |
| Lot Size | 1200 shares |
About Munish Forge SME
No company information available
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors (SHNI & BHNI)
Investors bidding above Rs 2 lakh. Split into SHNI (Rs 2 lakh to Rs 10 lakh) and BHNI (above Rs 10 lakh). Both use lottery allotment when oversubscribed.
IND - Individual Investors
Investors bidding up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Winners get at least one lot.
Munish Forge SME IPO Pages
Open related pages for this IPO: details, GMP, subscription, allotment, review, FAQ, registrar, timeline, and news.
Munish Forge SME Details
Issue size, price, financials, and company info
Munish Forge SME GMP
Live grey market premium and listing estimate
Munish Forge SME Subscription
QIB, NII, Retail, SHNI and BHNI subscription
Munish Forge SME Allotment
Allotment date, chances, and check by PAN
Munish Forge SME Review
SWOT, strengths, risks, and IPO review
Munish Forge SME FAQ
Common questions on dates, GMP, and allotment
Munish Forge SME Registrar
Registrar website and how to check allotment
Munish Forge SME Timeline
Open, close, allotment, and listing dates
Munish Forge SME News
Updates, blogs, and latest IPO news
Munish Forge SME IPO Subscription FAQs
What is Munish Forge SME IPO subscription status today?
Munish Forge SME IPO subscription closed on 3 October 2025 with overall subscription of 3.53x (by shares) as of 27 August 2026, 4:32 AM IST. QIB 4.05x, NII 2.22x, IND 2.66x.
What is the overall subscription of Munish Forge SME IPO?
Munish Forge SME IPO is subscribed 3.53x overall by shares at close on 3 October 2025. QIB 4.05x, NII 2.22x, and IND 2.66x.
What is Munish Forge SME IPO QIB subscription?
Munish Forge SME IPO QIB (Qualified Institutional Buyers) subscription is 4.05x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is Munish Forge SME IPO IND subscription?
Munish Forge SME IPO IND subscription is 2.66x by applications. Retail bids are up to Rs 2 lakh per PAN.
What is Munish Forge SME IPO NII, SHNI, and BHNI subscription?
Munish Forge SME IPO NII subscription is 2.22x by applications. NII is bids above Rs 2 lakh, split into SHNI (Rs 2L to Rs 10L) at 2.74x and BHNI (above Rs 10L) at 1.97x.
What are Munish Forge SME IPO retail allotment chances?
At 2.66x subscription by applications, about 1 in 3 retail applicants may get allotment (~38% chance per application). Allotment is by lottery.
What are Munish Forge SME IPO SHNI allotment chances?
At 2.74x subscription by applications, about 1 in 3 SHNI applicants may get allotment (~37% chance per application). Allotment is by lottery.
What are Munish Forge SME IPO BHNI allotment chances?
At 1.97x subscription by applications, about 1 in 2 BHNI applicants may get allotment (~51% chance per application). Allotment is by lottery. Share subscription was 6.46x. Allotment chances use applications, not share volume.
When is Munish Forge SME IPO allotment date?
Munish Forge SME IPO allotment date is 6 October 2025. Check Munish Forge SME IPO Allotment Status on IPOwiz from that day using your PAN.
When does Munish Forge SME IPO subscription close?
Munish Forge SME IPO subscription closed on 3 October 2025. No new applications are accepted after the close.
What is Munish Forge SME IPO GMP today?
GMP for Munish Forge SME IPO is not available yet. Track Munish Forge SME IPO GMP Today on IPOwiz once grey market activity starts.
What is Munish Forge SME IPO issue price and lot size?
Munish Forge SME IPO issue price is ₹96 per share. Lot size is 1200 shares. Minimum investment is ₹2,30,400 per lot (minimum 2 lots for SME). Issue size: ₹70.23 Cr.
When is Munish Forge SME IPO listing date?
Munish Forge SME IPO listing date is 8 October 2025 on NSE and BSE. Allotment is on 6 October 2025.
How does subscription affect Munish Forge SME IPO allotment?
In Munish Forge SME IPO, Retail, SHNI, and BHNI allotment is by lottery when oversubscribed. Chances follow application subscription in each category, not share volume. At 3.53x overall, competition is moderate.
For allotment results from 6 October 2025, visit the Munish Forge SME IPO Allotment Status page. For listing day updates on 8 October 2025, download the IPOwiz App.
Sources
We match Munish Forge SME IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- IPO RegistrarRegistrar details are on the allotment page for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews subscription data before it goes live.