Manipal Health Enterprises GMP ₹33 ▲ 5.59%Xtranet Technologies GMP ₹9 ▲ 7.09%Indo-MIM GMP ₹171 ▲ 35.26%Poojaa Precision Engg. GMP ₹195 ▲ 64.78%Lohia Corp GMP ₹11 ▲ 2.59%Advance Technoforge GMP ₹5.5 ▲ 5.79%Gulf Lloyds GMP ₹1 ▲ 1.00%
IPO Index
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Sanjay Bambhaniya · Jul 22, 2026

Advance Technoforge IPO Details 2026

SME Fixed Price Upcoming
Electric Equipments - OEM
BSE SME
Price Band
₹95 - ₹95
Issue Size
₹24.03 Cr
Lot Size
1200
Min. Investment
₹1,14,000
Live GMP ₹5.50
5.79% Est. Listing: ₹100.50
SIP CalcCompare
IPO Timeline
DRHP FILED December 23, 2025
OPEN July 27, 2026
CLOSE July 29, 2026
ALLOTMENT July 30, 2026
LISTING August 3, 2026
IPO DETAILS REVIEW GMP SUBSCRIPTION ALLOTMENT STATUS

Advance Technoforge

Company overview & key insights

The Advance Technoforge IPO size is ₹24.03 crore, including a fresh issue of ₹24.03 crore and an offer for sale of ₹0 crore. It is a Fixed Price issue. The IPO issue opens on July 27, 2026 and closes on July 29, 2026. The share allotment is expected on July 30, 2026, and the listing date is August 3, 2026. Advance Technoforge Ltd. is based in Rajkot and operates in the Electric Equipments – OEM sector. It filed its DRHP on December 23, 2025 and will list its shares on BSE SME. Kfin Technologies Ltd. is the registrar, while Sun Capital Advisory Services Pvt.Ltd. serves as the merchant banker for the offer.

Advance Technoforge Limited – manufacturer and supplier of forged and precision machined parts – serves automotive, construction and other industries.

advance technoforge ipo

IPO Highlights

Key details & important dates

IPO Details

Total Issues ₹24.03 Cr
Fresh Issue ₹24.03 Cr
Offer for Sale -
IPO Price Band ₹95 - ₹95
Face Value ₹10
Lot Size 1200
Listed On BSE SME

IPO Dates

DRHP Filed December 23, 2025
Issue Open July 27, 2026
Issue Close July 29, 2026
Allotment Date July 30, 2026
Refunds Initiation July 31, 2026
Credit of Shares July 31, 2026
Listing Date August 3, 2026

Stay up-to-date with all IPO details. Do not miss any deadlines & avoid missed investment opportunities.

How to Apply

IPO Issue Structure

Reservation & Lot Size Details

The company has reserved shares for various investor categories. The Retail Shares reservation is 50.00% (12,00,000 shares), and QIB has –% (–). Further, the minimum lot size is 2400 shares. The anchor investor reservation is –% (– shares), and the market maker reservation is 5.12% (1,29,600 shares).

IPO Reservation

QIB – (-%)
Anchor Investor – (-%)
QIB (Ex. Anchor) – (-%)
NII (HNI) 12,00,000 (50%)
bNII > ₹10L – (-%)
sNII < ₹10L – (-%)
Retail 12,00,000 (50%)
Employee –
Shareholder –
Market Maker 1,29,600 (₹1.23 Cr)
Total 25,29,600 (100.00%)

IPO Lot Size

Retail (Min)
2 | 2400 Shares
₹2,28,000
Small Investor Quota
Retail (Max)
2 | 2400 Shares
₹2,28,000
Retail Investment Limit
S-HNI (Min)
3 | 3600 Shares
₹3,42,000
Small HNI (₹2L – ₹10L)
S-HNI (Max)
– | – Shares
₹-
Small HNI (Up to ₹10 L)
B-HNI (Min)
– | – Shares
₹-
Big HNI (Above ₹10L)
Zerodha Apply Now Upstox Apply Now Angel One Apply Now

Tip: Determine your investment budget and your exact allotment chances based on your investor category.

Investment Guide

IPO Documents & GMP

Prospectus & Grey Market Premium

On December 23, 2025 the company filed its Draft Red Herring Prospectus. The Red Herring Prospectus is available to understand the business operations, financials, and the risks involved.

DRHP Document Draft Red Herring Prospectus

IPO GMP

Live

The Grey Market Premium indicates the extra price that people pay in the unofficial market. This value changes daily based on demand for the shares.

Track live GMP Today

Financial Performance (₹ in Cr)

Period Ended31 Mar 202630 Jun 202531 Mar 202531 Mar 202431 Mar 2023
Total Income–44.3650.747.9637.79
Profit After Tax–3.82.6920.75
EBITDA–6.165.542.35
Net Worth–10.589.6375.23
Assets–41.88402922.16
Total Debt–18.4617.48118.5

Key Performance Indicator

Particulars30-Jun-2025FY25FY24FY23
EBITDA Margin (%)13.8910.8586.22
PAT Margin (%)8.575.3141.98
EPS (₹)1.474.1530.16
ROE (%)8.9827.9324.514.34
ROCE (%)4.3617.6318.0713.18
ROA (%)2.276.8163.38
Debt to Equity (x)1.741.821.612
RoNW (%)30.33–––
Price to Book Value––––

IPO Financial Snapshot

Objectives & Key Metrics

IPO Objectives

Funding working capital requirements in Part ₹5.00 Cr.
Total Fund Requirement ₹5.00 Cr.

IPO Key Metrics

Pre IPO EPS
–
Earnings Per Share
Post IPO EPS
–
Earnings Per Share
Pre IPO P/E
–
Price to Earnings
Post IPO P/E
–
Price to Earnings
Market Capitalization TBA
Insight: IPO objectives and KPIs provide measurable data to track the company’s real growth.
IPO KPIs

Advance Technoforge Ltd. Company Details:

Company Profile · Overview

Advance Technoforge Ltd. started its business in 2013. The company operates in the Electric Equipments – OEM sector. It manufactures forged and precision machined parts for the global market. Its main office is in Rajkot. The firm employs 136 workers in various departments. Its leadership team has 20+ years of industry experience.

Main Offerings

Tow Hook Assembly and Retainer Plate
Cross Member and Connecting Rod
Boden End Cap for hydraulic systems

Key Strengths

Experienced Promoters and Senior Management
Integrated Manufacturing Facility with diversified product portfolio
Large scale Manufacturing Capabilities
Company Address: Sr. No.121, Plot No.1 to 6, At& Po. Padavala Road, Opp. Eaterflow Piping System, Veraval Shapar, Lodhika, Rajkot, Gujarat, 360024. You can contact the company via call or email. +91 9825368310 / cs@advancetechforge.com
Intermediaries
Registrar
Kfin Technologies Ltd.
040-79615565
ncml.ipo@kfintech.com
Lead Manager
Sun Capital Advisory Services Pvt.Ltd.
Market Maker
RESERVATION 1,29,600 shares (approx ₹1.23 Cr)
Promoters
Promoter Group
Nilesh Shambhubhai Moliya, Pradipbhai Bhikhabhai Vora Daxaben Nileshbhai Moliya and Kajal Alpesbhai Moliya

Frequently Asked Questions

5 FAQs
What is Advance Technoforge IPO?

Advance Technoforge IPO is a BSE SME fixed price issue of 25,29,600 equity shares. The total issue value equals ₹24.03 crore.

What are the issue dates for this IPO?

The subscription window opens on July 27, 2026. The issue closes on July 29, 2026.

What is the lot size for retail investors?

Retail investors must bid for a minimum of 2 lots. One application requires 2400 shares.

Who acts as the registrar for this issue?

Kfin Technologies Ltd. handles the registrar duties. Investors can check allotment status on their portal.

Where will the company list its shares?

The company will list its equity shares on the BSE SME platform. The listing date is August 3, 2026.

Sanjay Bambhaniya
Sanjay Bambhaniya
Sanjay has 8+ years of experience in data-driven IPO insights. His expertise in digital marketing and web development complements his financial knowledge and helps him to develop effective fintech solutions. He is an entrepreneur and director who helps investors understand complex primary market trends in easy-to-understand IPO reports, news, and updates.
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