The Initial Public Offering (IPO) of Advance Technoforge Ltd is prepared to hit the Indian primary market. Opening on Jul 27, 2026 and closing on Jul 29, 2026, the company aims to captivate investors with its final issue price at ₹95 per share.
This IPO consists solely of fresh issue of 0.25 crore equity shares worth ₹24.03 crores.
Breaking Down the Details
- IPO Dates: This Initial Public Offer (IPO) will open on Jul 27, 2026 and close on Jul 29, 2026.
- Price Details: The company has set the final issue price at ₹95 per share for its IPO.
- IPO Size: Advance Technoforge Ltd plans to raise ₹24.03 crores, only with fresh issue.
- Lot Size: Investors can apply for minimum 2 lots, with one lot consisting of 2400 shares.
- Minimum Investment: The minimum required investment is ₹2,28,000 for two lots (₹95.00 X 2400 shares)
- Allotment Date: The allotment of shares is expected to be finalized on Jul 30, 2026.
- Registrar : Kfin Technologies Ltd. has been appointed as the official Registrar for the IPO.
- Lead Manager : Sun Capital Advisory Services Pvt.Ltd. will oversee the IPO as the Lead Manager.
Advance Technoforge IPO Objectives
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 |
Stay tuned with us for Advance Technoforge IPO subscription updates.
