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Advance Technoforge Ltd. has withdrawn its Initial Public Offer (IPO) documents filed with the exchange on July 28, 2025.
Advance Technoforge Ltd. IPO was a Fixed Price Issue
The equity shares were proposed to be listed on the BSE SME. Sun Capital Advisory Services Pvt.Ltd. was the book running lead manager and Kfin Technologies Ltd. was the registrar of the issue.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Lot Size | |
| Sale Type | Fresh Capital |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 25,30,000 shares |
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net Issue |
| NII Shares Offered | 50% of the Net Issue |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Thu, Mar 27, 2025 |
| Offer document withdrawn | Mon, Jul 28, 2025 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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:
As of 24 February 2025, the company has 136 employees as on engaged in manufacturing, marketing, administration, financial, legal and other activities of the Company.
Competitive Strengths:
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 33.28 | 29.15 | 22.17 | 22 |
| Total Income | 26.01 | 48.24 | 37.91 | 31.56 |
| Profit After Tax | 1.35 | 1.7 | 0.75 | 0.4 |
| Net Worth | 8.28 | 6.93 | 5.22 | 4.47 |
| Reserves and Surplus | 1.78 | 6.44 | 4.73 | 3.98 |
| Amount in ₹ Crore | ||||
| KPI | Values |
|---|---|
| ROE | 24.62% |
| ROCE | 18.07% |
| Debt/Equity | 1.62 |
| RoNW | 24.62% |
| PAT Margin | 3.55% |
The Company Advance Technoforge IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | Purchase and installation of machinery for manufacturing of precision machine components at the Existing Premises (Including GST) | 60.82 |
| 2 | Part Funding of working capital requirements | 50 |
| 3 | General Corporate purposes |
Advance Technoforge Ltd.
Sr. No.121, Plot No.1 to 6, At& Po. Padavala Road,
Opp. Eaterflow Piping System,
Veraval Shapar, Lodhika
Rajkot, Gujarat, 360024
Phone: +91 9825368310
Email: cs@advancetechforge.com
Website: http://www.advancetechforge.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: ncml.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Advance Technoforge IPO is a SME IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at . The minimum order quantity is .
The Advance Technoforge IPO open and close dates are not available as of now.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Advance Technoforge IPO using UPI as a payment gateway. Zerodha customers can apply in Advance Technoforge IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Advance Technoforge IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Advance Technoforge IPO dates are not announced. Please check back again after some time.
Advance Technoforge IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Advance Technoforge IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Advance Technoforge IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Advance Technoforge IPO allotment status.
The Advance Technoforge IPO listing date is not yet announced. The tentative date of Advance Technoforge IPO listing is [.].
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