Advance Technoforge Ltd.
TECHNOFORGESME
Ask IPO
Overview
Advance Technoforge Limited manufactures closed-die and related steel forgings and precision-machined components, supplying safety-critical and complex parts to domestic and global OEMs across automotive, oil & gas, railways, earthmoving, valves/pumps and other industrial applications. The company operates an integrated forging-and-machining setup with in-house testing and multiple process capabilities (including coatings and surface treatments), backed by certifications such as IATF 16949 and ISO 9001, and a stated focus on quality, traceability and capacity expansion.
Opening Date
Jul 27, 2026
Closing Date
Jul 29, 2026
Listing Date
Aug 03, 2026
IPO Type
SME
IPO Status
Upcoming
Issue Size
24.03 Cr
Fresh Issue
24.03 Cr
Offer for Sale
0 Cr
Price Band
₹95 - ₹95
Lot Size
1200
IPO Timeline
Financials
Revenue
Profit After Tax (PAT)
Use of IPO funds
Key Performance Indicator
P/E Ratio
—
EPS
—
ROE
30.33%
ROCE
—
RONW
30.33%
Debt to Equity Ratio
—
PAT Margin
—
EBITDA Margin
—
P/B
—
Bull vs Bear
Bull case
- •
End-to-end capability from design to testing can embed the company into customer processes, making it harder to replace once qualified.
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Quality certifications and safety-critical parts raise switching costs for customers, because qualifying a new supplier can be slow and risky.
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India’s forging market growth outlook suggests room for capacity additions to find demand, supporting longer-term scale if execution stays disciplined.
Bear case
- •
Customer concentration is high, so losing one large buyer or a price cut request could quickly hit revenue, cash flow, and plant utilization.
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Steel sourcing is concentrated and lacks long-term contracts, so supply delays or price spikes can squeeze margins or disrupt deliveries.
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Export exposure is unhedged, so currency swings can make reported rupee revenue and profit jump around, even if volumes stay steady.
Net takeaway
This is a manufacturing business aiming to deepen its role in precision, certified components, where customer qualification and end-to-end execution can create stickiness over time. That thesis needs steady demand and on-time, on-spec delivery, plus successful capacity expansion without cost overruns. But earnings can be fragile if a few key customers or steel suppliers change terms, and export currency moves add noise. The key thing to monitor is customer diversification alongside cash generation as capacity ramps.
Subscription Rate
Subscription data will be available once the IPO opens.
Application Details
Frequently Asked Questions about Advance Technoforge Ltd.
Advance Technoforge Limited manufactures closed-die and related steel forgings and precision-machined components, supplying safety-critical and complex parts to domestic and global OEMs across automotive, oil & gas, railways, earthmoving, valves/pumps and other industrial applications. The company operates an integrated forging-and-machining setup with in-house testing and multiple process capabilities (including coatings and surface treatments), backed by certifications such as IATF 16949 and ISO 9001, and a stated focus on quality, traceability and capacity expansion.
The Advance Technoforge Ltd. IPO is scheduled to open for subscription on Jul 27, 2026 and close on Jul 29, 2026. Investors can apply for shares during this period through eligible platforms.
The price band for the Advance Technoforge Ltd. IPO is ₹95 to ₹95. Investors can place bids within this range once the issue opens.
The minimum lot size for the Advance Technoforge Ltd. IPO is 1200 shares. The minimum investment amount ₹1,14,000.
The total issue size of the Advance Technoforge Ltd. IPO is approximately ₹24.03. Issue size represents the total value of shares offered to the public.
As per the latest available information, the Advance Technoforge Ltd. IPO has been subscribed data will be available once the issue opens. Subscription levels can change significantly during the offer period.
The Grey Market Premium (GMP) for the Advance Technoforge Ltd. IPO is ₹[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]. GMP reflects unofficial market sentiment and should not be considered a guarantee of listing performance.
The shares of Advance Technoforge Ltd. are expected to list on stock exchanges on Aug 03, 2026, subject to completion of the allotment process and regulatory approvals.
The net proceeds from the Advance Technoforge Ltd. IPO are proposed to be used for We intend to utilize the proceeds of the Issue to meet the following objects: -, Purchase and installation of plant and machineries for manufacturing of precision machine components at the Existing Premises (factory at Plot 20 & 21, Survey No. 121, At.: Padvala Village, Veraval (Shapar) Indl Area., Ta.: Kotada Sangani Dist.: Rajkot - 360 024. Gujarat-India to be referred to as the 'Existing Premises');, Part Funding of working capital requirements; and, General Corporate purposes (Collectively, herein referred to as the 'Objects').
Before applying for the Advance Technoforge Ltd. IPO, investors generally review the company’s business model, financial performance, valuation, industry outlook, and risk factors mentioned in the offer document.
