Comparison between Krupalu Metals IPO and Munish Forge IPO.
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 IPO | Munish Forge IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Bookbuilding |
| Listing At | BSE SME | NSE SME |
| Lead Managers | Finshore Management Services Ltd. | Gretex Corporate Services Ltd. |
| Registrar | Cameo Corporate Services Ltd. | Skyline Financial Services Pvt.Ltd. |
| Market Maker | Anant Securities | Gretex Share Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
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 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) | ₹72.00 per share | ₹96.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1600 shares | 1200 shares |
| Fresh Issue Size | 17,77,600 shares | 59,71,200 shares |
| Fresh Issue Size (Amount) | up to ₹12.80 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 | 17,77,600 shares | 73,15,200 shares |
| Issue Size Total (Amount) | up to ₹12.80 Cr | up to ₹70.23 Cr |
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 IPO | Munish Forge IPO | |
|---|---|---|
| Anchor Bid Date | Sep 29, 2025 | |
| Issue Open | Sep 08, 2025 | Sep 30, 2025 |
| Issue Close | Sep 11, 2025 | Oct 03, 2025 |
| Basis Of Allotment (Tentative) | Sep 12, 2025 | Oct 06, 2025 |
| Initiation of Refunds (Tentative) | Sep 15, 2025 | Oct 07, 2025 |
| Credit of Share (Tentative) | Sep 15, 2025 | Oct 07, 2025 |
| Listing date (Tentative) | Sep 16, 2025 | Oct 08, 2025 |
| Anchor Lockin End date 1 | Nov 05, 2025 | |
| Anchor Lockin End date 2 | Jan 04, 2026 |
Krupalu Metals IPO P/E ratio is 13.39, as compared to Munish Forge IPO P/E ratio of 11.89.
| Krupalu Metals IPO | Munish Forge IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)Krupalu Metals Ltd.'s revenue increased by 31% and profit after tax (PAT) rose by 39% 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) | 100 | 100 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 68.12 | 68.01 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 13.39 | 11.89 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹42.28 Cr. | ₹231.07 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 21.22% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 48.45% | 16.44% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.37 | 0.89 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹5.38 | ₹8.07 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 35.12% | 26.50% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 IPO | Munish Forge IPO | |
|---|---|---|
| Anchor Investor Reservation | 0 shares | 21,93,600 shares |
| Market Maker Reservation | 94,400 shares | 3,85,200 shares |
| QIB | 0 shares | 14,62,800 shares |
| NII | 8,88,000 shares | 10,98,000 shares |
| RII | 8,89,600 shares | 25,60,800 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 17,77,600 shares | 73,15,200 shares |
Krupalu Metals IPO subscribed 1.20x in total, whereas Munish Forge IPO subscribed 3.53x.
| Krupalu Metals IPO | Munish Forge IPO | |
|---|---|---|
| QIB (times) | 4.05x | |
| NII (times) | 1.27x | 4.88x |
| Big NII (times) | 5.93x | |
| Small NII (times) | 2.77x | |
| RII (times) | 1.13x | 2.66x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 1.20x | 3.53x |
