Comparison between Dove Soft IPO and Munish Forge IPO.
Dove Soft 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.
| Dove Soft IPO | Munish Forge IPO | |
|---|---|---|
| Logo |  | |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | BSE SME | NSE SME |
| Lead Managers | Swastika Investmart Ltd. | Gretex Corporate Services Ltd. |
| Registrar | Purva Sharegistry (India) Pvt.Ltd. | Skyline Financial Services Pvt.Ltd. |
| Market Maker | Gretex Share Broking Pvt.Ltd. | |
| DRHP | DRHP  | DRHP |
| RHP | RHP | |
| Final Prospectus | Final Prospectus | |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL |
The total issue size of Dove Soft IPO is up to ₹0.00 Cr whereas the issue size of the Munish Forge IPO is up to ₹70.23 Cr. The final issue price of Dove Soft IPO is and of Munish Forge IPO is ₹96.00 per share.
| Dove Soft IPO | Munish 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) | ₹96.00 per share | |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1200 shares | |
| Fresh Issue Size | 53,28,000 shares | 59,71,200 shares |
| Fresh Issue Size (Amount) | up to ₹0.00 Cr | up to ₹57.32 Cr |
| OFS Issue Size | 12,72,000 shares | 13,44,000 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹12.90 Cr |
| Issue Size Total | 66,00,000 shares | 73,15,200 shares |
| Issue Size Total (Amount) | up to ₹0.00 Cr | up to ₹70.23 Cr |
Dove Soft IPO opens on , while Munish Forge IPO opens on Sep 30, 2025. The closing date of Dove Soft IPO and Munish Forge IPO is , and Oct 03, 2025, respectively.
| Dove Soft IPO | Munish Forge IPO | |
|---|---|---|
| Anchor Bid Date | Sep 29, 2025 | |
| Issue Open | Sep 30, 2025 | |
| Issue Close | Oct 03, 2025 | |
| Basis Of Allotment (Tentative) | Oct 06, 2025 | |
| Initiation of Refunds (Tentative) | Oct 07, 2025 | |
| Credit of Share (Tentative) | Oct 07, 2025 | |
| Listing date (Tentative) | Oct 08, 2025 | |
| Anchor Lockin End date 1 | Nov 05, 2025 | |
| Anchor Lockin End date 2 | Jan 04, 2026 |
Dove Soft IPO P/E ratio is , as compared to Munish Forge IPO P/E ratio of 11.89.
| Dove Soft IPO | Munish Forge IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Consolidated)
| Company Financials (Restated)Munish Forge Ltd.'s revenue increased by 11% and profit after tax (PAT) rose by 226% between the financial year ending with March 31, 2025 and March 31, 2024.
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 74.32 | 100 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 68.01 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 11.89 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹231.07 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 33.12% | 21.22% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 42.14% | 16.44% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.13 | 0.89 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹8.07 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 26.50% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Dove Soft IPO Retail Individual Investors (RII) are offered 0 shares while in Munish Forge IPO retail investors are offered 0 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Dove Soft IPO and 14,62,800 shares in Munish Forge IPO.
| Dove Soft IPO | Munish Forge IPO | |
|---|---|---|
| Anchor Investor Reservation | 0 shares | 21,93,600 shares |
| Market Maker Reservation | 0 shares | 3,85,200 shares |
| QIB | 0 shares | 14,62,800 shares |
| NII | 0 shares | 10,98,000 shares |
| RII | 0 shares | 25,60,800 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 0 shares | 73,15,200 shares |
Dove Soft IPO subscribed in total, whereas Munish Forge IPO subscribed 3.53x.
| Dove Soft IPO | Munish Forge IPO | |
|---|---|---|
| QIB (times) | 4.05x | |
| NII (times) | 4.88x | |
| Big NII (times) | 5.93x | |
| Small NII (times) | 2.77x | |
| RII (times) | 2.66x | |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 3.53x |
