Metalic Technoforge IPO
GMP, Subscription, Price, Dates & Financial Details
Metal Forging
Metalic Technoforge Ltd. was incorporated in October 2016 and is engaged in the manufacturing of closed-die forged and precision-machined engineering components.The company's product portfolio comprises a wide range of complex, safety-critical components, including large and small forged rings,…
Open Date
Tue, 21 Jul 2026
Close Date
Thu, 23 Jul 2026
Price Band
₹ 72 – 77
Lot Size
1600
Issue Size
₹ 50.00 Cr
Minimum Investment
₹ 246,400 (3200 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
Metalic Technoforge IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹50 Crore, comprising a fresh issue of 61.60 Lakh equity shares aggregating to ₹47.00 Crore.
The Metalic Technoforge IPO remained open for subscription from July 21, 2026, to July 23, 2026. The basis of allotment was finalized on July 24, 2026, and the company's shares were listed on NSE SME Platform on July 28, 2026.
The company had fixed the price band at ₹72 to ₹77 per share, with a lot size of 1600 shares. Retail investors were required to make a minimum investment of ₹246,400 (based on the upper price band) to apply for one lot.
Bigshare Services Pvt Ltd served as the registrar to the issue. Smart Horizon Capital Advisors Private Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Metalic Technoforge Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Metalic Technoforge IPO Timeline (Tentative)
- IPO Open Date
- Tue, 21 Jul 26
- IPO Close Date
- Thu, 23 Jul 26
- Basis of Allotment
- Fri, 24 Jul 26
- Initiation of Refunds
- Mon, 27 Jul 26
- Credit of Shares to Demat
- Mon, 27 Jul 26
- Listing Date
- Tue, 28 Jul 26 — NSE & BSE
Open Date
21 July 2026
Close Date
23 July 2026
Basis Of Allotment
24 July 2026
Listing Date
28 July 2026
IPO Subscription
Check Live Subscription →The Metalic Technoforge IPO has received bids for 3,69,31,200 shares against 43,20,000 shares offered, resulting in an overall subscription of 8.55x. the NII category is subscribed 17.42x, Retail Investors 7x, and QIBs 4.58x. Within the NII category, BNII is subscribed 21.35x, while SNII is subscribed 9.6x.
QIB
4.58x
NII
17.42x
BNII
21.35x
SNII
9.6x
RII
7x
Total
8.55x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 21,60,000 shares, representing 50% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 12,32,000 shares (28.52%), while Non-Institutional Investors (NIIs) receive 9,28,000 shares (21.48%).
| Category | Shares Offered | Shares Offered |
|---|---|---|
| Qualified Institutions | 1,232,000 | 28.52% |
| Non-Institutional | 928,000 | 21.48% |
| BNII | 617,600 | 14.3% |
| SNII | 310,400 | 7.19% |
| Retail Investors | 2,160,000 | 50% |
| Total | 4,320,000 | 100% |
Financials Details(₹ in Crores)
| Particular | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 92.09 | 65.1 | 33.67 |
| Revenue | 97.98 | 75.64 | 51.5 |
| Profit After Tax | 12.36 | 9.03 | 4.26 |
| Net Worth | 33.42 | 17.4 | 7.72 |
| Reserve & Surplus | 15.92 | 16.4 | 7.37 |
| Total Borrowings | 31.78 | 27.97 | 10.81 |
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.
Metalic Technoforge Limited KPI Information
| Particular | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| ROE % | 48.66 | 71.87 | 76.27 |
| ROCE % | 30.38 | 31.88 | 37.01 |
| Debt / Equity | 0.95 | 1.61 | 1.4 |
| RoNW % | 37 | 51.88 | 55.21 |
| Pat Margin % | 12.94 | 12.14 | 8.39 |
Peers Comparison
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Metalic Thermoforminge Ltd | 10 | 0 | 7.12 | 7.12 | 37 | 19.1 |
| Amic Forging Limited | 10 | 66.91 | 26.78 | 26.78 | 13.31 | 197.6 |
| Tirupati Forge Ltd | 2 | 135.43 | 0.51 | 0.51 | 4.72 | 10.53 |
| Paramount Speciality Forgings Ltd | 10 | 14.93 | 2.16 | 2.16 | 7.57 | 28.57 |
About Metalic Technoforge Limited
Metalic Technoforge Ltd. was incorporated in October 2016 and is engaged in the manufacturing of closed-die forged and precision-machined engineering components.
The company's product portfolio comprises a wide range of complex, safety-critical components, including large and small forged rings, ball studs, gear blanks with broaching, gears, coupling assemblies, and other precision-engineered products. These components are used across multiple industrial applications and are manufactured to meet stringent quality and performance standards.
Metalic Technoforge Ltd. serves both domestic and international Original Equipment Manufacturers (OEMs) across the automotive and non-automotive sectors. Its automotive customer base includes manufacturers of passenger vehicles, commercial vehicles, and tractors, while its non-automotive customers include manufacturers of agricultural equipment, hydraulic systems, construction machinery, and general engineering products.
The company's manufacturing facility is strategically located in Rajkot, Gujarat, providing efficient access to key industrial markets and supporting its production capabilities.
As of March 1, 2026, Metalic Technoforge Ltd. had an order book valued at approximately ₹2,447.06 lakhs, reflecting a healthy pipeline of business and continued customer demand.
As of February 28, 2026, the company employed 188 personnel across its manufacturing facility and registered office, supporting its manufacturing, operational, and administrative functions.
Metalic Technoforge IPO Promoters
- Mr. Gajipara Keyur Dhirajlal
- Mr. Trambadiya Dhaval Vrajlal
- Mr. Vadodariya Satish Rameshbhai
- Mr. Kapadiya Vipul K
- Mr. Rupapara Jay Rameshbahi
- Mr. Gajipara Ronakkumar Mansukhbhai
- Ms. Ekta Satish Vadodariya
Promoters Holding
Holding Pre Issue
83.63%
Holding Post Issue
61.00%
Metalic Technoforge IPO Objective
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Funding of capital expenditure requirements of the Company towards setting up of the proposed Manufacturing Unit IV and upgradation of existing units at manufacturing facility in Rajkot, Gujarat.
- Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by our Company.
- General Corporate Purpose
Metalic Technoforge Limited Address / Contact Details
Metalic Technoforge Ltd. Address
Sr. No.-129/1 P4(New Survey no. 296), Plot No.-5&6
Padavala Main Road, Opp. Electric Power House, Kot
VillagePadavala, Veraval (Shapar), Kotda Sanghani
Rajkot, Gujarat, 360024
Telephone: +91- 9033332532
Email:investors@metalictechnoforge.com
Website:http://www.metalictechnoforge/
IPO Snapshot
Metalic Technoforge IPO Lot Size
The Metalic Technoforge IPO has a lot size of 1,600 shares. Retail investors require a minimum investment of ₹2,46,400 by applying for 2 lot (3,200 shares). The maximum application allowed for the retail category is 2 lots (3,200 shares), requiring an investment of ₹2,46,400.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | 246,400.00 |
| Retail (Max) | 2 | 3,200 | 246,400.00 |
| S-HNI (Min) | 3 | 4,800 | 369,600.00 |
| S-HNI (Max) | 8 | 12,800 | 985,600.00 |
| B-HNI (Min) | 9 | 14,400 | 1,108,800.00 |
Issue Reservation
- QIB — 28.52%
- NII — 21.48%
- RII — 50%
Book Running Lead Managers
- Smart Horizon Capital Advisors Private Limited
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 Metalic Technoforge IPO?
Metalic Technoforge IPO is a Book-building IPO with a total issue size of ₹50 crore. The Metalic Technoforge IPO price band is ₹72 to 77 per share. The Metalic Technoforge IPO subscription opens on Tue, Jul 21, 2026, and closes on Thu, Jul 23, 2026. The Metalic Technoforge IPO will be listed on the NSE. Bigshare Services Pvt Ltd is the registrar for the Metalic Technoforge IPO.
When will the Metalic Technoforge IPO open for subscription?
The Metalic Technoforge IPO opens on Tue, Jul 21, 2026 and closes on Thu, Jul 23, 2026
What is Metalic Technoforge IPO Price Band?
Metalic Technoforge IPO Price Band is ₹72 to 77 per share.
What is Metalic Technoforge IPO Lot Size?
Metalic Technoforge IPO lot size is 1600 shares, Retail investors need a minimum investment of ₹246400 based on the upper price band
What is the minimum investment for Metalic Technoforge IPO?
The minimum investment for Metalic Technoforge IPO is ₹246400, based on one lot of 1600 shares at the upper price band of ₹77 per share.
How to apply for Metalic Technoforge IPO?
Investors can apply for the Metalic 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 Thu, Jul 23, 2026. The application amount remains blocked until the Metalic Technoforge IPO allotment is finalized.
What is Metalic Technoforge IPO Issue Size?
Metalic Technoforge IPO issue size is ₹50 crores.
What is the Metalic Technoforge IPO Allotment Date?
Metalic Technoforge IPO allotment date is Fri, Jul 24, 2026.
Who is the Metalic Technoforge IPO Registrar?
The registrar for Metalic Technoforge IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website to check Metalic Technoforge IPO allotment status, refund processing, and other IPO-related information.
Who is the Metalic Technoforge IPO Lead Manager?
The book-running lead managers (BRLMs) for the Metalic 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 Metalic Technoforge IPO Red Herring Prospectus (RHP).