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Metalic Technoforge IPO 2026: Detailed Company Analysis, Industry Position, Financial Review & Investment Outlook
Metalic Technoforge Limited has entered the primary market with its IPO, offering investor...
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M
SME IPO
LISTED
NSE SME
METALIC
Metalic Technoforge IPO
Metalic Technoforge IPO details, live grey market premium (GMP), dates, price band, lot size, subscription & review.
Live GMP Today
₹6
+7.8%
Est. Listing: ₹83.00
Price Band
₹72 - ₹77
Per equity share
Lot Size
1600 Shares
Min Invest: ₹2,46,400
Issue Size
₹49.96 Cr
Total Public Offering
Issue Dates
20 July 2026 – 22 July 2026
Bidding period
Subscription
8.47x
Total overall demand
Metalic Technoforge IPO Details
Key facts at a glance| IPO Open Date | 20 July 2026 | IPO Close Date | 22 July 2026 |
|---|---|---|---|
| Basis of Allotment | 23 July 2026 | Listing Date | 27 July 2026 |
| Price Band | ₹72 - ₹77 per share | Face Value | ₹10 per share |
| Market Lot Size | 1600 Shares | Min Investment (Retail) | ₹2,46,400 |
| Total Issue Size | ₹49.96 Cr | Issue Type | Book Built Issue IPO |
| Fresh Issue | — | Offer for Sale (OFS) | — |
| Listing At | NSE SME | Issue Category | SME Issue |
| Registrar | TBA | ||
Metalic Technoforge IPO Timetable (Tentative Dates)
| Event | Tentative Date | Status |
|---|---|---|
| IPO Open Date | 20 July 2026 | Confirmed |
| IPO Close Date | 22 July 2026 | Confirmed |
| Basis of Allotment | 23 July 2026 | Tentative |
| Initiation of Refunds | 27 July 2026 | Tentative |
| Credit of Shares to Demat | 27 July 2026 | Tentative |
| IPO Listing Date | 27 July 2026 | Tentative |
| Cut-off time for UPI Mandate Confirmation | 23 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.
Metalic 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 | 3,200 Shares | ₹2,46,400 |
| Retail (Max) | 2 Lots | 3,200 Shares | ₹2,46,400 |
| S-HNI (Min) | 3 Lots | 4,800 Shares | ₹3,69,600 |
| S-HNI (Max) | 8 Lots | 12,800 Shares | ₹9,85,600 |
| B-HNI (Min) | 9 Lots | 14,400 Shares | ₹11,08,800 |
Metalic Technoforge IPO Live GMP & Movement History
Daily unofficial grey market trends
Current Grey Market Premium
₹6 +7.8%
Estimated Listing Price
₹83.00
| Date | IPO GMP (₹) | Estimated Listing Price | Estimated Listing Gain (%) |
|---|---|---|---|
| 23 Jul 2026 | ₹0 | ₹77.00 | +0.00% |
| 22 Jul 2026 | ₹0 | ₹77.00 | +0.00% |
| 21 Jul 2026 | ₹0 | ₹77.00 | +0.00% |
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.
Metalic Technoforge IPO Subscription Status
Demand breakdown by investor category
Retail
7.00x
QIB
4.58x
NII / HNI
—
Total
8.47x
About Metalic Technoforge
Incorporated in 2016, Metalic Technoforge Limited is an Indian manufacturer specialising in precision-engineered forged and machined metal components. The company’s core business operations comprise forging, heat treatment, and precision machining processes. It serves domestic and international original equipment manufacturers (OEMs) across multiple industrial sectors, including farm equipment, general engineering, oil and gas, hydraulic cylinders, and construction equipment. Metalic Technoforge generates its revenue through the sale of key products such as gears, transmission components, hydraulic application parts, and general engineering components, alongside processing fees earned from custom job work services. Operating from its integrated manufacturing facilities in Rajkot, Gujarat, the company has established a specialised market presence supported by international quality certifications like IATF 16949:2016 and PED-2014/68/EU, serving prominent industrial hubs in states like Gujarat and Maharashtra, as well as export markets including Germany and the United States.
Key Strengths
- Serves prominent automotive and industrial original equipment manufacturers in both domestic and international markets.
- Houses forging, heat treatment, and precision machining processes within an integrated manufacturing system in Rajkot.
- Holds premium international engineering accreditations including IATF 16949:2016 and pressure equipment certifications.
- Supplies critical metal components to diverse industries, including farm equipment, hydraulics, and oil and gas sectors.
- Utilises in-house infrastructure for tooling, die manufacturing, and specialised design simulation software.
Key Risks
- Derives 64.61% of its total operational revenue from the top 10 customers.
- Concentrates over 62% of domestic sales within Gujarat, Maharashtra, and Uttar Pradesh.
- Depends significantly on gears and transmission components for its core revenue generation.
- Sources a substantial majority of its raw material purchases exclusively from suppliers in Gujarat.
- Faces high workforce instability with employee attrition rates reaching up to 24.18%.
Metalic Technoforge IPO Reservation & Share Quotas
Metalic Technoforge IPO Anchor Investors
Metalic Technoforge IPO Important Dates
Metalic Technoforge Promoters and Shareholding Pattern
Metalic Technoforge Objects of the Issue & Utilisation of Proceeds
About Metalic Technoforge IPO
Metalic Technoforge Ltd., founded in October 2016, is one of the leading manufacturers of closed-die forged and precision machined components. Its product range comprises safety-critical forged and precision-machined products, including big and small rings, ball studs, gear blanks with broaching, gears, coupling assemblies, and other critical components. Its products cater to national and international OEMs in various automotive and non-automotive sectors.
In automotive OEMs, it includes automobiles, tractors, and commercial vehicles. Non-automotive OEMs include manufacturers of agricultural equipment, hydraulic equipment, construction machinery, and general engineering products. Its manufacturing facility is located in Rajkot, Gujarat. As of 2026, Metallic Technoforge had an order book of ₹2,447.06 lakhs.
Metalic Technoforge Company Financial Report
Metalic Technoforge Company Valuation & Key Performance Indicators
Metalic Technoforge Peer Group Comparison
Metalic Technoforge Lead Managers & Merchant Bankers
- Smart Horizon Capital Advisors Pvt. Ltd.
Metalic Technoforge IPO FAQs
Metalic Technoforge IPO opens for subscription on 20 July 2026 and closes on 22 July 2026.
The price band for Metalic Technoforge IPO is set at ₹72.00 to ₹77.00 per share.
The minimum market lot size is 1600 shares. A retail investor can apply for a minimum of 1 lot requiring an investment of 3,200 Shares (₹2,46,400).
The latest Grey Market Premium (GMP) for Metalic Technoforge IPO is ₹6. GMP represents the unofficial premium at which shares trade prior to listing.
The basis of allotment for Metalic Technoforge IPO is tentatively scheduled for 23 July 2026, and shares are expected to list on the stock exchanges on 27 July 2026.
The registrar details will be confirmed in the official prospectus.
Metalic Technoforge IPO Analysis & Articles
