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Krupalu Metals IPO vs Munish Forge IPO

Comparison between Krupalu Metals IPO and Munish Forge IPO.

IPO Details

Krupalu Metals IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Munish Forge IPO is a SME Bookbuilding proposed to list at NSE SME.

 Krupalu Metals IPOMunish Forge IPO
LogoKrupalu Metals IPO LogoMunish Forge IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersFinshore Management Services Ltd.Gretex Corporate Services Ltd.
RegistrarCameo Corporate Services Ltd.Skyline Financial Services Pvt.Ltd.
Market MakerAnant SecuritiesGretex Share Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Krupalu Metals IPO is up to ₹12.80 Cr whereas the issue size of the Munish Forge IPO is up to ₹70.23 Cr. The final issue price of Krupalu Metals IPO is ₹72.00 per share and of Munish Forge IPO is ₹96.00 per share.

 Krupalu Metals IPOMunish Forge IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹91.00 per share
Issue Price (Upper)₹96.00 per share
Issue Price (Final)₹72.00 per share₹96.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size1600 shares1200 shares
Fresh Issue Size17,77,600 shares59,71,200 shares
Fresh Issue Size (Amount)up to ₹12.80 Crup to ₹57.32 Cr
OFS Issue Size0 shares13,44,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹12.90 Cr
Issue Size Total17,77,600 shares73,15,200 shares
Issue Size Total (Amount)up to ₹12.80 Crup to ₹70.23 Cr

IPO Timetable

Krupalu Metals IPO opens on Sep 08, 2025, while Munish Forge IPO opens on Sep 30, 2025. The closing date of Krupalu Metals IPO and Munish Forge IPO is Sep 11, 2025, and Oct 03, 2025, respectively.

 Krupalu Metals IPOMunish Forge IPO
Anchor Bid DateSep 29, 2025
Issue OpenSep 08, 2025Sep 30, 2025
Issue CloseSep 11, 2025Oct 03, 2025
Basis Of Allotment (Tentative)Sep 12, 2025Oct 06, 2025
Initiation of Refunds (Tentative)Sep 15, 2025Oct 07, 2025
Credit of Share (Tentative)Sep 15, 2025Oct 07, 2025
Listing date (Tentative)Sep 16, 2025Oct 08, 2025
Anchor Lockin End date 1Nov 05, 2025
Anchor Lockin End date 2Jan 04, 2026

Financials & KPIs

Krupalu Metals IPO P/E ratio is 13.39, as compared to Munish Forge IPO P/E ratio of 11.89.

 Krupalu Metals IPOMunish Forge IPO
Financials

Company Financials (Restated)

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets20.0319.4615.25
Total Income48.5037.1233.58
Profit After Tax2.151.550.42
EBITDA3.702.571.08
NET Worth6.124.062.56
Reserves and Surplus2.121.660.16
Total Borrowing8.379.577.44
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets161.54113.09106.88
Total Income178.63161.58161.18
Profit After Tax14.304.391.97
EBITDA24.3611.439.14
NET Worth67.4040.5235.94
Reserves and Surplus49.6930.8926.30
Total Borrowing60.2047.1650.22
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100100
Promoter Shareholding (Post-Issue)68.1268.01
P/E Ratio13.3911.89
Market Cap₹42.28 Cr.₹231.07 Cr.
ROE21.22
ROCE48.4516.44
Debt/Equity1.370.89
EPS₹5.38₹8.07
RoNW35.1226.50

Shares Offered

In the Krupalu Metals IPO Retail Individual Investors (RII) are offered 8,89,600 shares while in Munish Forge IPO retail investors are offered 8,89,600 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Krupalu Metals IPO and 14,62,800 shares in Munish Forge IPO.

 Krupalu Metals IPOMunish Forge IPO
Anchor Investor Reservation0 shares21,93,600 shares
Market Maker Reservation94,400 shares3,85,200 shares
QIB0 shares14,62,800 shares
NII8,88,000 shares10,98,000 shares
RII8,89,600 shares25,60,800 shares
Employee0 shares0 shares
Others
Total17,77,600 shares73,15,200 shares

Bids Received (Subscription)

Krupalu Metals IPO subscribed 1.20x in total, whereas Munish Forge IPO subscribed 2.47x.

 Krupalu Metals IPOMunish Forge IPO
QIB (times)4.05x
NII (times)1.27x4.88x
Big NII (times)5.93x
Small NII (times)2.77x
RII (times)1.13x2.66x
Employee (times)
Other (times)
Total (times)1.20x2.47x

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Compare:

Krupalu Metals IPO Vs Munish Forge IPO