Comparison between DSM Fresh Foods IPO and Munish Forge IPO.
DSM Fresh Foods 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.
| DSM Fresh Foods 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 | Narnolia Financial Services Ltd. | Gretex Corporate Services Ltd. |
| Registrar | Maashitla Securities Pvt.Ltd. | Skyline Financial Services Pvt.Ltd. |
| Market Maker | Alacrity Securities Ltd. | Gretex Share Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | Anchor Investor |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of DSM Fresh Foods IPO is up to ₹55.75 Cr whereas the issue size of the Munish Forge IPO is up to ₹70.23 Cr. The final issue price of DSM Fresh Foods IPO is ₹100.00 per share and of Munish Forge IPO is ₹96.00 per share.
| DSM Fresh Foods IPO | Munish Forge IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹95.00 per share | ₹91.00 per share |
| Issue Price (Upper) | ₹100.00 per share | ₹96.00 per share |
| Issue Price (Final) | ₹100.00 per share | ₹96.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1200 shares | 1200 shares |
| Fresh Issue Size | 55,75,200 shares | 59,71,200 shares |
| Fresh Issue Size (Amount) | up to ₹55.75 Cr | up to ₹57.32 Cr |
| OFS Issue Size | 0 shares | 13,44,000 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹12.90 Cr |
| Issue Size Total | 55,75,200 shares | 73,15,200 shares |
| Issue Size Total (Amount) | up to ₹55.75 Cr | up to ₹70.23 Cr |
DSM Fresh Foods IPO opens on Sep 26, 2025, while Munish Forge IPO opens on Sep 30, 2025. The closing date of DSM Fresh Foods IPO and Munish Forge IPO is Oct 06, 2025, and Oct 03, 2025, respectively.
| DSM Fresh Foods IPO | Munish Forge IPO | |
|---|---|---|
| Anchor Bid Date | Sep 25, 2025 | Sep 29, 2025 |
| Issue Open | Sep 26, 2025 | Sep 30, 2025 |
| Issue Close | Oct 06, 2025 | Oct 03, 2025 |
| Basis Of Allotment (Tentative) | Oct 07, 2025 | Oct 06, 2025 |
| Initiation of Refunds (Tentative) | Oct 08, 2025 | Oct 07, 2025 |
| Credit of Share (Tentative) | Oct 08, 2025 | Oct 07, 2025 |
| Listing date (Tentative) | Oct 09, 2025 | Oct 08, 2025 |
| Anchor Lockin End date 1 | Nov 11, 2025 | Nov 05, 2025 |
| Anchor Lockin End date 2 | Jan 11, 2026 | Jan 04, 2026 |
DSM Fresh Foods IPO P/E ratio is 18.28, as compared to Munish Forge IPO P/E ratio of 11.89.
| DSM Fresh Foods IPO | Munish Forge IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Financials | Company Financials (Restated)DSM Fresh Foods Ltd.'s revenue increased by 45% and profit after tax (PAT) rose by 94% between the financial year ending with March 31, 2025 and March 31, 2024.
| 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.
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| Promoter Shareholding (Pre-Issue) | 38.24 | 100 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 28.11 | 68.01 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 18.28 | 11.89 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹225.10 Cr. | ₹231.07 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 20.78% | 21.22% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 24.71% | 16.44% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.65 | 0.89 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹5.53 | ₹8.07 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 20.78% | 26.50% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the DSM Fresh Foods IPO Retail Individual Investors (RII) are offered 19,53,600 shares while in Munish Forge IPO retail investors are offered 19,53,600 shares. Qualified Institutional Buyers (QIB) are offered 11,16,000 shares in DSM Fresh Foods IPO and 14,62,800 shares in Munish Forge IPO.
| DSM Fresh Foods IPO | Munish Forge IPO | |
|---|---|---|
| Anchor Investor Reservation | 16,66,800 shares | 21,93,600 shares |
| Market Maker Reservation | 3,31,200 shares | 3,85,200 shares |
| QIB | 11,16,000 shares | 14,62,800 shares |
| NII | 8,38,800 shares | 10,98,000 shares |
| RII | 19,53,600 shares | 25,60,800 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 55,75,200 shares | 73,15,200 shares |
DSM Fresh Foods IPO subscribed 1.36x in total, whereas Munish Forge IPO subscribed 3.53x.
| DSM Fresh Foods IPO | Munish Forge IPO | |
|---|---|---|
| QIB (times) | 1.53x | 4.05x |
| NII (times) | 2.06x | 4.88x |
| Big NII (times) | 2.71x | 5.93x |
| Small NII (times) | 0.74x | 2.77x |
| RII (times) | 0.96x | 2.66x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 1.36x | 3.53x |
