Metalic Technoforge
OPENIPO Date: 21 Jul - 23 Jul 2026
Listing Date: 28 Jul 2026
Price Range
₹72 to ₹77
Issue Size
50 Cr
Min Investment
₹1,15,200
Lot Size
1600 Shares
Schedule of Metalic Technoforge
Issue open date
21 Jul 2026
Issue close date
23 Jul 2026
UPI mandate deadline
23 Jul 2026 (5 PM)
Allotment finalization
24 Jul 2026
Share credit
27 Jul 2026
Listing date
28 Jul 2026
Mandate end date
7 Aug 2026
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 50 Cr |
| Fresh Issue | 0.65 Cr |
| Offer for Sale | 0 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 24 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 |
|---|---|---|---|
| 20 Jul 2026 | ₹77 | ₹0 | ₹77 (0%) |
| 19 Jul 2026 | ₹77 | ₹0 | ₹77 (0%) |
| 18 Jul 2026 | ₹77 | ₹0 | ₹77 (0%) |
| 17 Jul 2026 | ₹77 | ₹0 | ₹77 (0%) |
| 16 Jul 2026 | ₹77 | ₹0 | ₹77 (0%) |
Performance Metalic Technoforge
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| ₹72 to ₹77 | .... | .... | .... |
About Metalic Technoforge
Metalic Technoforge Limited is an Indian manufacturer of precision-engineered forged and machined metal components, incorporated in 2016. The company undertakes forging, heat treatment, precision machining, and quality assurance processes to produce critical components for domestic and global OEMs. Its products cater to industries such as automotive, farm equipment, oil & gas, hydraulic systems, construction equipment, and general engineering. The company generates revenue through the sale of forged and machined components, including gears and transmission parts, as well as custom job-work and machining services, with exports to markets such as Germany and the United States.
| Founded in | 2016 |
| Managing director | Keyur Dhirajlal Gajipara |
| Parent organization |
Financial Overview
Strengths
- Strong capabilities across the entire manufacturing value chain, including forging, heat treatment, machining, and testing.
- Diversified customer base spanning automotive and non-automotive industries, reducing dependence on a single sector.
- International quality certifications such as IATF 16949:2016 and PED 2014/68/EU, supporting exports and OEM relationships.
- Established presence in export markets including Germany and the United States, alongside a growing domestic customer base.
Risks
- Revenue is dependent on demand from OEMs in cyclical industries such as automotive, agriculture, and construction equipment.
- Export business exposes the company to foreign exchange fluctuations and global economic uncertainties.
- Raw material price volatility (especially alloy and carbon steel) can affect operating margins.
- High customer concentration or loss of key OEM clients could materially impact revenue growth.
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 |