Munish Forge Ltd - IPO

Munish Forge Ltd IPO Details

Initial public offer of 77,00,400* equity shares of face value of Rs. 10/- each (the Equity Shares) of Munish Forge Limited (the Company or the Offer) for cash at a price of Rs. 96 per equity share including a share premium of Rs. 86 per equity share (the Offer Price) aggregating to Rs.73.92 Crore (the Offer) comprising of fresh offer of 63,56,400 equity shares aggregating to Rs. 61.02 Crore (Fresh Offer) and an offer sale of 13,44,000 equity shares by Mr. Davinder bhasin (Selling Shareholder) aggregating to Rs. 12.90 Crore (Offer for Sale)(Public Offer). the offer includes a reservation of 3,85,200 equity shares aggregating to Rs. 3.70 Crore will be reserved for subscription by market maker to the offer (the Market Maker Reservation Portion). the offer less the market maker reservation portion i.e. net offer of 73,15,200 equity shares aggregating to Rs. 70.23 Crore ( The Net Offer).Price Band: Rs. 91/- to Rs. 96/- for equity share of face value of Rs. 10 each.The floor price is 9.10 times times the face value and cap price is 9.60 times of the face value of the equity shares.Bids can made for a minimum of 2,400 equity shares and in multiples of 1,200 equity shares thereafter.

Objective of issue

Capital expenditure towards Civil construction and Purchase of additional Plant & Machinery. Repayment/Pre-payment of Certain Debt Facilities. Working Capital Requirements. General Corporate Purposes.

Munish Forge Ltd Contact Details

Munish Forge Ltd, D-153/A 1st Flr, Okhla Industrial Are, Phase-I, New Delhi-110020

Phone - 011 - 26812682 / 83

Fax - 011 - 26812682

Email - cs@munishforge.com

Website - www.munishforge.com