Advance Technoforge IPO
GMP, Subscription, Price, Dates & Financial Details
Forging
Advance Technoforge Limited (ATL), incorporated in 2013, is a leading manufacturer and supplier of forged and precision-machined components with advanced surface coatings and treatments. The company serves a diverse range of industries, including automotive, oil & gas, valves, pumps,…
Open Date
Mon, 27 Jul 2026
Close Date
Wed, 29 Jul 2026
Issue Price
₹ 95
Lot Size
1200
Issue Size
₹ 24.03 Cr
Minimum Investment
₹ 228,000 (2400 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Advance Technoforge IPO has successfully completed its IPO process and is now listed on BSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a fixed price issue with a total issue size of ₹24 Crore, comprising a fresh issue of 25.30 Lakh equity shares aggregating to ₹24.03 Crore.
The Advance Technoforge IPO remained open for subscription from July 27, 2026, to July 29, 2026. The basis of allotment was finalized on July 30, 2026, and the company's shares were listed on BSE SME Platform on August 03, 2026.
The company had fixed the price at ₹95 per share, with a lot size of 1200 shares. Retail investors were required to make a minimum investment of ₹228,000 (based on the upper price band) to apply for one lot.
KFin Technologies Limited served as the registrar to the issue. Sun Capital Advisory Services (P) Ltd acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Advance Technoforge Limited is now a publicly listed company on BSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Advance Technoforge IPO Timeline (Tentative)
- IPO Open Date
- Mon, 27 Jul 26
- IPO Close Date
- Wed, 29 Jul 26
- Basis of Allotment
- Thu, 30 Jul 26
- Initiation of Refunds
- Fri, 31 Jul 26
- Credit of Shares to Demat
- Fri, 31 Jul 26
- Listing Date
- Mon, 03 Aug 26 — NSE & BSE
Open Date
27 July 2026
Close Date
29 July 2026
Basis Of Allotment
30 July 2026
Listing Date
03 August 2026
IPO Subscription
Check Live Subscription →The Advance Technoforge IPO has received bids for 38,60,400 shares against 24,00,000 shares offered, resulting in an overall subscription of 1.61x. the NII category is subscribed 0.53x, Retail Investors 2.68x, and QIBs 0x.
QIB
0x
NII
0.53x
RII
2.68x
Total
1.61x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 12,00,000 shares, representing 50% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 0 shares (%), while Non-Institutional Investors (NIIs) receive 12,00,000 shares (50%).
| Category | Shares Offered | Shares Offered |
|---|---|---|
| Non-Institutional | 1,200,000 | 50% |
| Retail Investors | 1,200,000 | 50% |
| Total | 2,400,000 | 100% |
Financials Details(₹ in Crores)
| Particular | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 46.92 | 39.51 | 28.65 |
| Revenue | 50.73 | 51.16 | 48.24 |
| Profit After Tax | 4.06 | 2.7 | 1.7 |
| Net Worth | 13.38 | 9.56 | 6.93 |
| Reserve & Surplus | 7.19 | 3.13 | 6.44 |
| Total Borrowings | 17.29 | 17.51 | 11.19 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Advance Technoforge Limited KPI Information
| Particular | Mar 2024 | Mar 2024 | Mar 2023 |
|---|---|---|---|
| ROE % | 30.33 | 28.2 | 24.62 |
| ROCE % | 22.52 | 17.63 | 17.77 |
| Debt / Equity | 1.29 | 1.83 | 1.62 |
| RoNW % | 30.33 | 28.2 | 24.62 |
| Pat Margin % | 8.11 | 5.32 | 3.55 |
Peers Comparison
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Advance Technoforge Ltd | 10 | 15.22 | 6.24 | 6.24 | 30.33 | 20.59 |
| Tirupati Forge Ltd | 2 | 93.56 | 0.51 | 0.51 | 5.24 | 10.53 |
| Forge Auto International Ltd | 10 | 9.39 | 9.91 | 9.91 | 17 | 63.23 |
About Advance Technoforge Limited
Advance Technoforge Limited (ATL), incorporated in 2013, is a leading manufacturer and supplier of forged and precision-machined components with advanced surface coatings and treatments. The company serves a diverse range of industries, including automotive, oil & gas, valves, pumps, construction equipment, material handling, earthmoving machinery, and railways.
Backed by over 20 years of industry experience, ATL specializes in manufacturing high-quality engineered components that meet stringent international quality standards. The company supplies its products to global Original Equipment Manufacturers (OEMs) across the automotive, oil & gas, earthmoving equipment, railway, and other industrial sectors.
Product Portfolio
- Tow Hook Assembly: A high-strength alloy steel component designed for vehicle recovery and towing applications. It features a polished and plated finish and is specifically engineered for use in U.S. electric SUVs.
- Retainer Plate: A precision-engineered carbon steel component used in material lifting equipment, offering superior strength, durability, and operational reliability.
- Cross Member: A structural carbon steel component that provides essential support and stability in material handling and lifting equipment, ensuring dependable performance under heavy loads.
- Connecting Rod: A critical automotive engine component manufactured from high-grade carbon steel, designed to withstand high mechanical stress while delivering optimal engine performance.
- Boden (End Cap): A carbon steel component used in hydraulic systems, providing effective sealing, durability, and reliable performance in demanding hydraulic applications.
As of 24 February 2025, Advance Technoforge Limited employed 136 personnel across its manufacturing, marketing, administration, finance, legal, and other support functions, enabling the company to maintain efficient operations and deliver high-quality products to its global customer base.
Advance Technoforge IPO Promoters
- Nilesh Shambhubhai Moliya
- Pradipbhai Bhikhabhai Vora
- Daxaben Nileshbhai Moliya
- Kajal Alpesbhai Moliya
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
71.99%
Advance Technoforge IPO Objective
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Purchase and installation of machinery for manufacturing of precision machine components at the Existing Premises (Including GST)
- Part Funding of working capital requirements
- General Corporate purposes
Advance Technoforge Limited Address / Contact Details
Advance Technoforge Ltd.
Sr. No.121, Plot No.1 to 6, At& Po. Padavala Road,
Opp. Eaterflow Piping System,
Veraval Shapar, Lodhika
Rajkot, Gujarat, 360024
Tel: +91 9825368310
Email:cs@advancetechforge.com
Website:https://www.advancetechforge.com/
IPO Snapshot
Advance Technoforge IPO Lot Size
The Advance Technoforge IPO has a lot size of 1,200 shares. Retail investors require a minimum investment of ₹2,28,000 by applying for 2 lot (2,400 shares). The maximum application allowed for the retail category is 2 lots (2,400 shares), requiring an investment of ₹2,28,000.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | 228,000.00 |
| Retail (Max) | 2 | 2,400 | 228,000.00 |
| S-HNI (Min) | 3 | 3,600 | 342,000.00 |
Issue Reservation
- NII — 50%
- RII — 50%
Book Running Lead Managers
- Sun Capital Advisory Services (P) Ltd
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Advance Technoforge IPO?
Advance Technoforge IPO is a Fixed price IPO with a total issue size of ₹24.03 crore. The Advance Technoforge IPO price band is ₹95 to 95 per share. The Advance Technoforge IPO subscription opens on Mon, Jul 27, 2026, and closes on Wed, Jul 29, 2026. The Advance Technoforge IPO will be listed on the BSE. KFin Technologies Limited is the registrar for the Advance Technoforge IPO.
When will the Advance Technoforge IPO open for subscription?
The Advance Technoforge IPO opens on Mon, Jul 27, 2026 and closes on Wed, Jul 29, 2026
What is Advance Technoforge IPO Price Band?
Advance Technoforge IPO Price Band is ₹95 to 95 per share.
What is Advance Technoforge IPO Lot Size?
Advance Technoforge IPO lot size is 1200 shares, Retail investors need a minimum investment of ₹228000 based on the upper price band
What is the minimum investment for Advance Technoforge IPO?
The minimum investment for Advance Technoforge IPO is ₹228000, based on one lot of 1200 shares at the upper price band of ₹95 per share.
How to apply for Advance Technoforge IPO?
Investors can apply for the Advance Technoforge IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Wed, Jul 29, 2026. The application amount remains blocked until the Advance Technoforge IPO allotment is finalized.
What is Advance Technoforge IPO Issue Size?
Advance Technoforge IPO issue size is ₹24.03 crores.
What is the Advance Technoforge IPO Allotment Date?
Advance Technoforge IPO allotment date is Thu, Jul 30, 2026.
Who is the Advance Technoforge IPO Registrar?
The registrar for Advance Technoforge IPO is KFin Technologies Limited. Investors can go to KFin Technologies Limited website to check Advance Technoforge IPO allotment status, refund processing, and other IPO-related information.
What is the Advance Technoforge IPO GMP?
The Advance Technoforge IPO GMP (Grey Market Premium) is ₹5 as of Thu, Jul 23, 2026. Based on the upper price band of ₹95 per share, the estimated Advance Technoforge IPO listing price is ₹100, indicating a potential listing gain of approximately 5.26% over the issue price.
Who is the Advance Technoforge IPO Lead Manager?
The book-running lead managers (BRLMs) for the Advance Technoforge IPO are . The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Advance Technoforge IPO Red Herring Prospectus (RHP).