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Advance Technoforge IPO vs Mehul Colours IPO

Comparison between Advance Technoforge IPO and Mehul Colours IPO.

IPO Details

Advance Technoforge IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Mehul Colours IPO is a SME Bookbuilding proposed to list at BSE SME.

 Advance Technoforge IPOMehul Colours IPO
LogoAdvance Technoforge IPO LogoMehul Colours IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtBSE SMEBSE SME
Lead ManagersSun Capital Advisory Services Pvt.Ltd.Seren Capital Pvt.Ltd.
RegistrarKfin Technologies Ltd.Bigshare Services Pvt.Ltd.
Market MakerAsnani Stock Broker Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL

Issue Size and Price

The total issue size of Advance Technoforge IPO is up to ₹0.00 Cr whereas the issue size of the Mehul Colours IPO is up to ₹20.56 Cr. The final issue price of Advance Technoforge IPO is and of Mehul Colours IPO is ₹72.00 per share.

 Advance Technoforge IPOMehul Colours IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹68.00 per share
Issue Price (Upper)₹72.00 per share
Issue Price (Final)₹72.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size1600 shares
Fresh Issue Size25,30,000 shares28,56,000 shares
Fresh Issue Size (Amount)up to ₹0.00 Crup to ₹20.56 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total25,30,000 shares28,56,000 shares
Issue Size Total (Amount)up to ₹0.00 Crup to ₹20.56 Cr

IPO Timetable

Advance Technoforge IPO opens on , while Mehul Colours IPO opens on Jul 30, 2025. The closing date of Advance Technoforge IPO and Mehul Colours IPO is , and Aug 01, 2025, respectively.

 Advance Technoforge IPOMehul Colours IPO
Anchor Bid DateJul 29, 2025
Issue OpenJul 30, 2025
Issue CloseAug 01, 2025
Basis Of Allotment (Tentative)Aug 04, 2025
Initiation of Refunds (Tentative)Aug 05, 2025
Credit of Share (Tentative)Aug 05, 2025
Listing date (Tentative)Aug 06, 2025
Anchor Lockin End date 1Sep 02, 2025
Anchor Lockin End date 2Nov 01, 2025

Financials & KPIs

Advance Technoforge IPO P/E ratio is , as compared to Mehul Colours IPO P/E ratio of 9.87.

 Advance Technoforge IPOMehul Colours IPO
Financials

Advance Technoforge Limited Financial Information (Restated)

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets33.2829.1522.1722
Total Income26.0148.2437.9131.56
Profit After Tax1.351.70.750.4
Net Worth8.286.935.224.47
Reserves and Surplus1.786.444.733.98
Amount in ₹ Crore

Mehul Colours Ltd. Financial Information (Restated)

Mehul Colours Ltd.'s revenue increased by 5% and profit after tax (PAT) rose by 71% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets18.9513.8710.82
Total Income23.7122.6621.37
Profit After Tax5.503.222.94
EBITDA6.884.183.97
Net Worth17.0611.568.36
Reserves and Surplus9.5211.278.07
Total Borrowing0.36
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)10096.86
Promoter Shareholding (Post-Issue)69.24
P/E Ratio9.87
Market Cap₹75.95 Cr.
ROE24.62%38.46%
ROCE18.07%43.53%
Debt/Equity1.62
EPS₹7.30
RoNW24.62%32.26%

Shares Offered

In the Advance Technoforge IPO Retail Individual Investors (RII) are offered while in Mehul Colours IPO retail investors are offered . Qualified Institutional Buyers (QIB) are offered in Advance Technoforge IPO and 5,71,200 shares in Mehul Colours IPO.

 Advance Technoforge IPOMehul Colours IPO
Anchor Investor Reserveration8,54,400 shares
Market Maker Reserveration1,52,000 shares
QIB5,71,200 shares
NII4,28,800 shares
RII10,01,600 shares
Employee0 shares
Others
Total28,56,000 shares

Bids Received (Subscription)

Advance Technoforge IPO subscribed in total, whereas Mehul Colours IPO subscribed 7.98x.

 Advance Technoforge IPOMehul Colours IPO
QIB (times)13.54x
NII (times)10.91x
Big NII (times)14.27x
Small NII (times)5.24x
RII (times)3.56x
Employee (times)
Other (times)
Total (times)7.98x