Advance Technoforge
CLOSEDIPO Date: 27 Jul - 29 Jul 2026
Listing Date: 3 Aug 2026
Price Range
Rs.95 - Rs.95
Issue Size
24 Cr
Min Investment
₹1,14,000
Lot Size
1200 Shares
Schedule of Advance Technoforge
Issue open date
27 Jul 2026
Issue close date
29 Jul 2026
UPI mandate deadline
29 Jul 2026 (5 PM)
Allotment finalization
30 Jul 2026
Share credit
31 Jul 2026
Listing date
3 Aug 2026
Mandate end date
13 Aug 2026
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 24 Cr |
| Fresh Issue | 24.03 Cr |
| Offer for Sale | 0 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 30 Jul 2026 |
| Allotment Link | {Link} |
Grey Market PremiumNew
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 28 Jul 2026 | ₹95 | ₹8 | ₹103 (8.42%) |
| 26 Jul 2026 | ₹95 | ₹9 | ₹104 (9.47%) |
| 25 Jul 2026 | ₹95 | ₹9 | ₹104 (9.47%) |
| 24 Jul 2026 | ₹95 | ₹9 | ₹104 (9.47%) |
| 23 Jul 2026 | ₹95 | ₹6 | ₹101 (5.79%) |
| 22 Jul 2026 | ₹95 | ₹3 | ₹98 (3.68%) |
Performance Advance Technoforge
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| Rs.95 - Rs.95 | .... | .... | .... |
About Advance Technoforge
Advance Technoforge Limited is a manufacturer of forged and precision machined components for original equipment manufacturers (OEMs) across the automotive, oil and gas, railways, earthmoving, agriculture, power transmission, construction machinery, and industrial equipment sectors. The company manufactures components according to customer specifications and international standards, with additional processing capabilities such as powder coating, CED coating, galvanising, plating, polishing, passivation, ultrasonic cleaning, and machining. Its product portfolio includes tow hook assemblies, valve bodies, steering knuckles, connecting rods, bearing housings, gear shifter forks, hydraulic components, flanges, and other engineered parts used in a range of industrial applications. The company manufactures products using materials such as carbon steel, alloy steel, stainless steel, and bearing steel. Its manufacturing facility has a forging capacity of 6,000 MT per year and operates through three production lines equipped for forging, heating, trimming, and precision machining.
| Founded in | 2013 |
| Managing director | Mr Nilesh S. Moliya |
| Parent organization |
Financial Overview
Strengths
- Strategic location of manufacturing facilities in Rajkot, Gujarat.
- Experienced Promoters and management team actively involved in operations.
- Established customer base and strong existing relationships with clients across industries.
- Successful and proven track record of producing forged and precision-machined parts.
- Offering flexible operations, strong technical capabilities, and execution to maintain quality standards.
Risks
- Reliance on a limited group of key customers for a significant portion of operational revenue.
- Reliance on a limited number of suppliers for steel without long-term supply agreements.
- Manufacturing capacity is currently underutilised, which may affect operational efficiency and profitability.
- Operations are working capital-intensive with a time lag in customer payment collections.
- Previous filing of the Draft Prospectus was withdrawn, which may be perceived negatively.
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | N/A |
| Non-Institutional Investors (NIIs) | N/A |
| Retail Individual Investors (RIIs) | N/A |
| Employee | N/A |
| Total | N/A |