GMP IPO Watch
Advance Technoforge IPO 2026: Forged Engineering Components, Manufacturing Excellence, Business Growth & Investment Outlook
Advance Technoforge Limited is expected to launch its IPO, offering investors an opportuni...
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A
SME IPO
LISTED
BSE SME
ADVANCE
Advance Technoforge IPO
Advance Technoforge IPO details, live grey market premium (GMP), dates, price band, lot size, subscription & review.
Live GMP Today
₹5
+5.3%
Est. Listing: ₹100.00
Price Band
₹95
Per equity share
Lot Size
1200 Shares
Min Invest: ₹2,28,000
Issue Size
₹24.03 Cr
Total Public Offering
Issue Dates
26 July 2026 – 28 July 2026
Bidding period
Subscription
1.55x
Total overall demand
Advance Technoforge IPO Details
Key facts at a glance| IPO Open Date | 26 July 2026 | IPO Close Date | 28 July 2026 |
|---|---|---|---|
| Basis of Allotment | 29 July 2026 | Listing Date | 2 August 2026 |
| Price Band | ₹95 per share | Face Value | ₹10 per share |
| Market Lot Size | 1200 Shares | Min Investment (Retail) | ₹2,28,000 |
| Total Issue Size | ₹24.03 Cr | Issue Type | Book Built Issue IPO |
| Fresh Issue | — | Offer for Sale (OFS) | — |
| Listing At | BSE SME | Issue Category | SME Issue |
| Registrar | TBA | ||
Advance Technoforge IPO Timetable (Tentative Dates)
| Event | Tentative Date | Status |
|---|---|---|
| IPO Open Date | 26 July 2026 | Confirmed |
| IPO Close Date | 28 July 2026 | Confirmed |
| Basis of Allotment | 29 July 2026 | Tentative |
| Initiation of Refunds | 31 July 2026 | Tentative |
| Credit of Shares to Demat | 31 July 2026 | Tentative |
| IPO Listing Date | 2 August 2026 | Tentative |
| Cut-off time for UPI Mandate Confirmation | 29 July 2026 (5:00 PM) | Deadline |
* Note: Timelines are tentative and subject to regulatory confirmation. UPI mandate approvals must be completed by 5:00 PM on the IPO closing day.
Advance Technoforge IPO Lot Size & Investment Details
Application limits for Retail and HNI investors| Application Category | Lots | Shares | Amount (at Cut-off) |
|---|---|---|---|
| Retail (Min) | 2 Lots | 2,400 Shares | ₹2,28,000 |
| Retail (Max) | 2 Lots | 2,400 Shares | ₹2,28,000 |
| S-HNI (Min) | 3 Lots | 3,600 Shares | ₹3,42,000 |
| S-HNI (Max) | 8 Lots | 9,600 Shares | ₹9,12,000 |
| B-HNI (Min) | 9 Lots | 10,800 Shares | ₹10,26,000 |
Advance Technoforge IPO Live GMP & Movement History
Daily unofficial grey market trends
Current Grey Market Premium
₹5 +5.3%
Estimated Listing Price
₹100.00
| Date | IPO GMP (₹) | Estimated Listing Price | Estimated Listing Gain (%) |
|---|---|---|---|
| 27 Jul 2026 | ₹9 | ₹104.00 | +9.47% |
Disclaimer: Grey Market Premium (GMP) figures are purely unofficial and indicative rates traded in the unregulated grey market. GMP is highly volatile and does not guarantee the actual listing price. Always consult a SEBI registered investment advisor before bidding.
Advance Technoforge IPO Subscription Status
Demand breakdown by investor category
Retail
2.68x
QIB
0.00x
NII / HNI
—
Total
1.55x
About Advance Technoforge
Advance Technoforge Limited is engaged in manufacturing forged steel machined components using carbon steel, alloy steel, and stainless steel. The company specialises in closed die forging, upset forging, and ring rolling forging, providing products in both rough and precision machined conditions. It manufactures and supplies precision machined components as per customer specifications and international standards for original equipment manufacturers (OEMs) and various end-use industries, including automotive, general engineering, oil and gas, earthmoving and agriculture equipment, hydraulic cylinders, power transmission, and railways. Revenue is generated primarily from the sale of these manufactured forging and precision machine components across domestic and international export markets. Operating from its manufacturing facilities in Rajkot, Gujarat, the company maintains in-house testing, forging, and machining capabilities, adhering to international quality standards such as IATF 16949 and ISO 9001.
Key Strengths
- Strategic location of manufacturing facilities in Rajkot, Gujarat.
- Experienced Promoters and management team actively involved in operations.
- Established customer base and strong existing relationships with clients across industries.
- Successful and proven track record of producing forged and precision-machined parts.
- Offering flexible operations, strong technical capabilities, and execution to maintain quality standards.
Key Risks
- Reliance on a limited group of key customers for a significant portion of operational revenue.
- Reliance on a limited number of suppliers for steel without long-term supply agreements.
- Manufacturing capacity is currently underutilised, which may affect operational efficiency and profitability.
- Operations are working capital-intensive with a time lag in customer payment collections.
- Previous filing of the Draft Prospectus was withdrawn, which may be perceived negatively.
Advance Technoforge IPO Reservation & Share Quotas
The Advance Technoforge IPO is structured under the SME Fixed Price Issue framework. The shares offered in the public issue are reserved for eligible Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs), ensuring balanced participation across both investor categories.
The reservation percentages indicate the allocation available to each category for subscription. The final allotment will be carried out in accordance with SEBI regulations and the basis of allotment approved after the issue closes.
| Investor Category | Shares Offered | Reservation (%) |
|---|---|---|
| NII Shares Offered | 12,00,000 Shares | 47.44% |
| Retail Shares Offered | 12,00,000 Shares | 47.44% |
Note: The above reservation is based on the issue structure disclosed by the company. Final allotment of shares will be subject to the level of subscription received in each investor category.
Advance Technoforge IPO Important Dates
The Advance Technoforge IPO will open for subscription on July 27, 2026 and close on July 29, 2026. During this subscription window, eligible investors can apply for shares through the ASBA process or other approved IPO application methods made available by their brokers and banks.
The basis of allotment is expected to be finalized on July 30, 2026. Refunds for unsuccessful applicants and the credit of allotted shares to successful investors' demat accounts are scheduled for July 31, 2026. The equity shares of Advance Technoforge Limited are proposed to be listed on the BSE SME platform on August 3, 2026.
| Event | Date |
|---|---|
| IPO Open Date | July 27, 2026 |
| IPO Close Date | July 29, 2026 |
| Basis of Allotment | July 30, 2026 |
| Refunds | July 31, 2026 |
| Credit to Demat Account | July 31, 2026 |
| IPO Listing Date | August 3, 2026 |
Advance Technoforge IPO Important Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 27 Jul 2026 |
| IPO Close Date | 29 Jul 2026 |
| Basis of Allotment | 30 Jul 2026 |
| Refunds | - |
| Credit to Demat Account | - |
| IPO Listing Date | 03 Aug 2026 |
Note: The timeline for அட்வான்ஸ் டெக்னோஃபோர்ஜ் IPO is tentative and subject to change.
Advance Technoforge Objects of the Issue & Utilisation of Proceeds
Advance Technoforge Limited intends to utilize the net proceeds from its IPO to strengthen its manufacturing capabilities and support future business growth. A major portion of the funds will be invested in purchasing and installing new machinery for the production of precision machine components at the company's existing manufacturing facility.
The company will also allocate part of the proceeds towards meeting its working capital requirements, enabling it to efficiently manage day-to-day operations, execute customer orders, and support business expansion. The remaining funds, where applicable, will be utilized for general corporate purposes in accordance with applicable regulations.
| Purpose | Amount |
|---|---|
| Purchase and installation of machinery for manufacturing of precision machine components at the existing premises (including GST) | ₹6.08 Crores |
| Part funding of working capital requirements | ₹5.00 Crores |
| General Corporate Purpose | ₹- |
Note: The company proposes to utilize the IPO proceeds as stated in the Red Herring Prospectus (RHP). The actual deployment of funds will be carried out in accordance with SEBI regulations and the approved objects of the issue.
Advance Technoforge Objects of the Issue & Utilisation of Proceeds
To Be Updated Soon
Advance Technoforge Company Financial Report
Advance Technoforge Limited has maintained stable operating performance over the last three financial years. The company has reported consistent revenue while improving its profitability, reflecting better operational efficiency and cost management. Its total asset base has also grown steadily, indicating continued investment in manufacturing capacity and business operations.
The financial summary below highlights the company's revenue, expenses, profit after tax (PAT), and total assets for the latest reported financial years, providing investors with an overview of its financial performance before the IPO.
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | ₹48.24 Cr. | ₹45.97 Cr. | ₹1.70 Cr. | ₹28.65 Cr. |
| 2025 | ₹51.16 Cr. | ₹47.63 Cr. | ₹2.70 Cr. | ₹39.51 Cr. |
| 2026 | ₹50.73 Cr. | ₹45.20 Cr. | ₹4.06 Cr. | ₹46.92 Cr. |
Amount in ₹ Crores: The above financial figures are based on the latest available financial statements of Advance Technoforge Limited and are intended to help investors assess the company's financial performance before investing in the IPO.
Advance Technoforge Company Financial Report
To Be Updated Soon
Advance Technoforge Company Valuation & Key Performance Indicators
To Be Updated Soon
Advance Technoforge Peer Group Comparison
To Be Updated Soon
Advance Technoforge IPO FAQs
Advance Technoforge IPO opens for subscription on 26 July 2026 and closes on 28 July 2026.
The price band for Advance Technoforge IPO is set at ₹95.00 per share.
The minimum market lot size is 1200 shares. A retail investor can apply for a minimum of 1 lot requiring an investment of 2,400 Shares (₹2,28,000).
The latest Grey Market Premium (GMP) for Advance Technoforge IPO is ₹5. GMP represents the unofficial premium at which shares trade prior to listing.
The basis of allotment for Advance Technoforge IPO is tentatively scheduled for 29 July 2026, and shares are expected to list on the stock exchanges on 2 August 2026.
The registrar details will be confirmed in the official prospectus.
Advance Technoforge IPO Analysis & Articles
