Fixed Price IPO | ₹24 Cr | Listing at BSE SME | Mon, Jul 27, 2026 - Wed, Jul 29, 2026
Advance Technoforge IPO is a fixed issue price of ₹24.03 crores. The issue is entirely a fresh issue of 0.25 crore shares of ₹24.03 crore.
Advance Technoforge IPO opens for subscription on Jul 27, 2026 and closes on Jul 29, 2026. The allotment for the Advance Technoforge IPO is expected to be finalized on Jul 30, 2026. Advance Technoforge IPO will list on the BSE SME with a tentative listing date fixed as Aug 3, 2026.
Advance Technoforge IPO is set final issue price at ₹95 per share. The lot size for an application is 1,200 shares. The minimum amount of investment required by an individual investor (retail) is ₹2,28,000 (2,400 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (3,600 shares), amounting to ₹3,42,000.
Sun Capital Advisory Services Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The Market Maker of the company is JSK Securities & Services Pvt.Ltd.
Refer to Advance Technoforge IPO DRHP for detailed Information.
IPO Open
Mon, Jul 27, 2026
IPO Close
Wed, Jul 29, 2026
Issue Price
₹95 per share
Market Cap (Pre-IPO)
₹85.78 Cr
| IPO Date | 27 to 29 Jul, 2026 |
| Listing Date | Mon, Aug 3, 2026T |
| Face Value | ₹10 per share |
| Issue Price | ₹95 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 25,29,600 shares (agg. up to ₹24 Cr) |
| Reserved for Market Maker | 1,29,600 shares JSK Securities & Services Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 24,00,000 shares (agg. up to ₹23 Cr) |
| Net Offered to Public | 24,00,000 shares (agg. up to ₹23 Cr) |
| Share Holding Pre Issue | 65,00,000 shares |
| Share Holding Post Issue | 90,29,600 shares |
Advance Technoforge IPO comprises a total issue size of 25,29,600 shares. The net offer to the public is 24,00,000 shares, after excluding 1,29,600 shares allotted on a firm basis. Of the Net offer 12,00,000 (50.00%) allocated to NII 12,00,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 12,00,000 | 50.00% | 47.44% |
| Retail Shares Offered | 12,00,000 | 50.00% | 47.44% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,29,600 | 5.12% | |
| Total Shares Offered | 25,29,600 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 2,400 | ₹2,28,000 |
| Individual investors (IND) (Max) | 2 | 2,400 | ₹2,28,000 |
| HNI (Min) | 3 | 3,600 | ₹3,42,000 |
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 30 June 2026, the company has 205 employees as on engaged in manufacturing, marketing, administration, financial, legal and other activities of the Company.
Competitive Strengths:
Advance Technoforge Ltd.'s revenue decreased by 1% and profit after tax (PAT) rose by 51% between the financial year ending with March 31, 2026 and March 31, 2025.
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 46.92 | 39.51 | 28.65 |
| Total Income | 50.73 | 51.16 | 48.24 |
| Profit After Tax | 4.06 | 2.70 | 1.70 |
| EBITDA | 8.35 | 5.52 | 3.86 |
| NET Worth | 13.38 | 9.56 | 6.93 |
| Reserves and Surplus | 7.19 | 3.13 | 6.44 |
| Total Borrowing | 17.29 | 17.51 | 11.19 |
| Amount in ₹ Crore | |||
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Millworks Technologies Ltd. | SME | ₹160.34 Cr | ₹331 | 11.4 | ₹660.30 | +99.49% | ₹693.30 (+5.00%) |
| Apsis Aerocom Ltd. | SME | ₹35.77 Cr | ₹110 | 14.58 | ₹160.65 | +46.05% | ₹409.45 (+1.99%) |
| Digilogic Systems Ltd. | SME | ₹81.00 Cr | ₹104 | 28.52 | ₹79.05 | -23.99% | ₹115.00 (-1.63%) |
| Aequs Ltd. | Mainboard | ₹921.81 Cr | ₹124 | -74.71 | ₹151.29 | +22.01% | ₹232.74 (-2.41%) |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Purchase and installation of machinery for manufacturing of precision machine components at the Existing Premises (Including GST) | 7.19 |
| 2 | Part Funding of working capital requirements | 7.25 |
| 3 | Repayment / Prepayment of all or certain of borrowings availed by the Company | 2.40 |
| 4 | General Corporate purposes | 3.59 |
| 5 | Issue Expenses | 3.60 |
| Total | 24.03 |
| KPI | Mar 31, 2026 |
|---|---|
| ROE | 30.33% |
| ROCE | 22.52% |
| Debt/Equity | 1.29 |
| RoNW | 30.33% |
| PAT Margin | 8.11% |
| EBITDA Margin | 16.69% |
| Price to Book Value | 4.61 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 6.24 | 4.49 |
| P/E (x) | 15.22 | 21.16 |
| Promoter Holding | 100% | 71.99% |
| Market Cap | ₹85.78 Cr. |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to Lead Manager including underwriting commissions | 0.82 |
| 2 | Advertising and Publication expenses | 0.04 |
| 3 | Fees to the Registrar to the Issue | 0.01 |
| 4 | Fees payable to Legal Advisors | 0.06 |
| 5 | Fees payable to the Regulators including Stock Exchange | 0.05 |
| 6 | Printing and distribution of Issue stationery | 0.01 |
| 7 | Commission/procession fee for SCBs, Sponsor Banks and Banker to the Issue | 0.02 |
| 8 | Brokerage, commission and selling commission, Registered Brokers, RTAs and DPs | 0.03 |
| 9 | Expenses and fees payable for marketing, promotion & distribution, Underwriting, Market Making etc. | 2.46 |
| 10 | Expenses and fees payable for Peer Reviewed Auditor | 0.05 |
| 11 | Others Expenses including out of pocket and fee to Chartered Engineer and Practicing Company Secretary certificate etc. | 0.06 |
| Total | 3.60 |
Lead Manager Reports
Advance Technoforge IPO is a SME IPO of 25,29,600 equity shares of the face value of ₹10 aggregating up to ₹24 Crores. The issue is priced at ₹95 per share. The minimum order quantity is 1200.
The IPO opens on Mon, Jul 27, 2026, and closes on Wed, Jul 29, 2026.
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 opens on Mon, Jul 27, 2026 and closes on Wed, Jul 29, 2026.
Advance Technoforge IPO lot size is 1200, and the minimum amount required for application is ₹2,28,000, with 2 lots being the minimum application size.
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 Thursday, July 30, 2026, and the allotted shares will be credited to your demat account by Fri, Jul 31, 2026. Check the Advance Technoforge IPO allotment status.
The Advance Technoforge IPO listing date is not yet announced. The tentative date of listing is Mon, Aug 3, 2026.
