IPO details · Updated
Advance Technoforge Limited
- Price Band
- ₹95
- Lot Size
- 1,200 shares
- Min. Investment
- ₹1,14,000
- Issue Size
- ₹24.04 Cr
- Offer Dates
- 27 Jul – 29 Jul 2026
- Listing
- 3 Aug 2026
Issue Details
- Total Issue Size
- ₹24.04 Cr
- 25,30,800 shares
- Fresh Issue
- ₹24.04 Cr
- 25,30,800 shares
- Offer for Sale
- ₹0 Cr
- Face Value
- ₹10 per share
- Issue Type
- Book-built IPO
- Listing At
- BSE SME
- Shares Pre-Issue
- 65,00,000
- Shares Post-Issue
- 90,30,800
IPO Timeline
Offer opens
27 Jul 2026
Offer closes
29 Jul 2026
Allotment
30 Jul 2026
Listing
3 Aug 2026
Issue Allocation
Share of the offer reserved for each investor category
- HNI47.4%12,00,000 shares
- Retail47.4%12,00,000 shares
- MarketMaker5.1%1,29,600 shares
Subscription Status
Times subscribed by investor category
| Category | Offered | Bids | Subscribed |
|---|---|---|---|
| NII | 12,00,000 | 5,16,000 | 0.43x |
| Retail | 12,00,000 | 32,16,000 | 2.68x |
| Total | 24,00,000 | 37,32,000 | 1.55x |
Lot Size & Investment
1 lot = 1,200 shares
Retail (min)
2 lots · 2,400 shares
Retail (max)
2 lots · 2,400 shares
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 2 | 2,400 | ₹2,28,000 |
Financial Performance
Restated figures in ₹ crore, unless stated otherwise
| Period | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Assets | 46.92 | 39.51 | 28.65 |
| Total Income | 50.73 | 51.16 | 48.24 |
| Profit After Tax | 4.06 | 2.7 | 1.7 |
| EBITDA | 8.35 | 5.52 | 3.86 |
| Net Worth | 13.38 | 9.56 | 6.93 |
| Reserves & Surplus | 7.19 | 3.13 | 6.44 |
| Total Borrowing | 17.29 | 17.51 | 11.19 |
Key Performance Indicators
| Period | Mar-26 |
|---|---|
| ROE (%) | 30.33 |
| ROCE (%) | 22.52 |
| EPS (₹) | 6.24 |
| P/E (pre-issue) | 15.22 |
| P/E (post-issue) | 21.16 |
Peer Comparison
Listed companies in the same business
| Company | P/E | ROE |
|---|---|---|
| Tirupati Forge Limited | 93.56 | 5.24% |
| Forge Auto International Limited | 9.39 | 17% |
About Advance Technoforge Limited
Incorporated in 2013, Advance Technoforge Limited (ATL) is engaged in the manufacturing and supplying of the forged and precision machined parts with coatings and treatments, serving industries like automotive, valves, pumps, construction, and more. With 20+ years of experience the company manufactures the qualified product lines cto global original equipment manufacturers-OEMs in Automotive, oil and gas industries, earth moving equipment, Railway etc. Products: Tow Hook Assembly - A robust component designed for securing vehicles, made from alloy steel with a polished and plated finish, suitable for US electric SUVs. Retainer Plate - A structural part used in material lifting equipment, crafted from durable carbon steel for strength and reliability. Cross Member - Provides support in material lifting equipment, made from carbon steel to ensure stability and durability under heavy loads. Connecting Rod - A key part in automotive engines, designed from carbon steel to withstand high stress and provide optimal performance. Boden (End Cap) - Used in hydraulic applications, made from carbon steel for durability and effective sealing in hydraulic systems. As of 30 June 2026, the company has 205 employees as on engaged in manufacturing, marketing, administration, financial, legal and other activities of the Company. Competitive Strengths: Experienced Promoters and Senior Management Integrated Manufacturing Facility with diversified product portfolio Large-scale Manufacturing Capabilities Long-Standing Relationship with Interested Parties Strong knowledge and expertise of senior management team
Objects of the Issue
- Purchase and installation of machinery for manufacturing of precision machine components at the Existing Premises (Including GST) (₹7.19 Cr)
- Part Funding of working capital requirements (₹7.25 Cr)
- Repayment / Prepayment of all or certain of borrowings availed by the Company (₹2.40 Cr)
- General Corporate purposes (₹3.59 Cr)
- Issue Expenses (₹3.60 Cr)
Promoters
- <p>Nilesh Shambhubhai Moliya
- Pradipbhai Bhikhabhai Vora
- Daxaben Nileshbhai Moliya
- Kajal Alpesbhai Moliya
- Shraddhaben Pradipbhai Vora</p>
Company Information
- Book running lead managers
- Sun Capital Advisory Services Pvt.Ltd.
- Registered office
- Sr. No.121, Plot No.1 to 6, At& Po. Padavala Road, Opp. Eaterflow Piping System, Veraval Shapar, Lodhika, Rajkot, Gujarat, 360024
- Market maker
- JSK Securities & Services Pvt.Ltd.
Official Documents
Opens the source filing in a new tab
Similar IPOs
Disclaimer: Data on OpenIPO is for information only and is not investment advice. OpenIPO is not a SEBI-registered entity. GMP figures are unofficial estimates and may change. Verify all details against the company RHP and the official registrar before investing.