Advance Technoforge Ltd is aiming to raise ₹24.03 crore through its IPO, which opens for bidding today, Jul 27, 2026. The public issue will remain open for subscription until Jul 29, 2026.
Advance Technoforge IPO Detailed Insights
- IPO Type: SME IPO
- Issue Size: ₹24.03 crore
- Fresh Issue: 25,29,600 equity shares worth ₹24.03 crore
- Price : ₹95 per share
Issue Allocation
Out of 25,29,600 total shares offered, 1,29,600 shares are reserved for market maker 12,00,000 shares are allocated to Retail Individual Investors (RIIs), 12,00,000 shares to Non-Institutional Investors (NIIs)
Issue Price and Lot Size
It is a fixed price issue with shares offered at ₹95 per share The minimum lot size for an application is 1,200 shares.
Investors applying under the Retail Individual Investor (RII) category are required to make a minimum investment of ₹2,28,000 while Non-Institutional Investors (NIIs) must invest atleast ₹3,42,000.
IPO Fund Utilization
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 |
IPO Management and Listing
The IPO is managed by Sun Capital Advisory Services Pvt.Ltd., as the Book Running Lead Manager while Kfin Technologies Ltd. has been appointed as the official Registrar for the issue.
