Description

Munish Forge Limited's equity shares listed on NSE EMERGE SME Platform effective October 08, 2025, with symbol MUNISH, issue price Rs. 96 per share, trading in Trade for Trade Surveillance Segment.

Summary

Munish Forge Limited has been admitted to trading on the National Stock Exchange’s EMERGE SME Platform effective October 08, 2025. The company’s equity shares will trade under symbol MUNISH with ISIN INE1K8Y01018, initially in Series ‘ST’ (Trade for Trade Surveillance Segment with Settlement Type ‘W’) before transitioning to Series ‘SM’ (Normal Rolling Segment). The IPO was priced at Rs. 96 per share with a face value of Rs. 10, and total issued securities of 24,070,263 equity shares.

Key Points

  • Company Symbol: MUNISH
  • ISIN: INE1K8Y01018
  • Face Value: Rs. 10 per share
  • Issue Price: Rs. 96 per share
  • Total Securities: 24,070,263 equity shares
  • Market Lot Size: 1,200 equity shares
  • Trading Series: Initially ST (Trade for Trade Surveillance Segment), to transition to SM (Normal Rolling Segment)
  • Settlement Type: Initially ‘W’, transitioning to ‘N’
  • Market Maker Maximum Spread: Within 10%
  • Trading Mode: Continuous market with pre-open session for IPO
  • Effective Date: October 08, 2025

Regulatory Changes

No regulatory changes introduced. The listing follows existing SEBI circulars CIR/MRD/DP/01/2012 and CIR/MRD/DP/02/2012 dated January 20, 2012 for IPO pre-open sessions and surveillance segment protocols, and Exchange Circular No. NSE/CMTR/37202 dated March 14, 2018 for continuous market trading.

Compliance Requirements

  • Trading Members: Must use designated security codes for trading in the specified lot sizes (1,200 equity shares)
  • Market Makers: Two appointed market makers - Gretex Share Broking Limited and NNM Securities Private Limited - must maintain spreads within 10%
  • Company Compliance Officer: Ms. Sukhdeep Kaur designated as Company Secretary and Compliance Officer
  • Registrar & Transfer Agent: Skyline Financial Services Private Limited appointed for share transfer services

Important Dates

  • Listing Date: October 08, 2025
  • Circular Effective Date: October 08, 2025
  • Financial Year: April 2025 - March 2026

Impact Assessment

Market Impact: Minimal market-wide impact as this is a standard SME IPO listing on the EMERGE platform. The Trade for Trade Surveillance Segment (TFTS) classification indicates enhanced monitoring but is routine for new SME listings.

Operational Impact:

  • Trading members can access new SME security for client trading
  • Initial surveillance measures (Series ST) provide investor protection during early trading phase
  • Market makers ensure liquidity with designated spread limits

Company Details:

Impact Justification

Routine SME IPO listing on EMERGE platform with standard surveillance measures, limited market-wide impact