How to Check Metalic Technoforge IPO Allotment Status

Metalic Technoforge Limited was incorporated in 2016 as Metalic Technoforge Private Limited. The company was later converted into a public limited company and renamed Metalic Technoforge Limited in 2025. 

The company manufactures closed-die forged and precision-machined components. Its product portfolio includes big rings, small rings, ball studs, gear blanks with broaching, gears, coupling assemblies and other safety-critical components. 

Metalic Technoforge serves domestic and global OEMs across automotive and non-automotive sectors. Its products are used by customers in automobiles, tractors, commercial vehicles, agricultural equipment, hydraulic equipment, construction machinery and general engineering segments. 

The company operates its manufacturing unit in Rajkot, Gujarat. As of March 1, 2026, it had an order book of about ₹24.47 crore, while its workforce stood at 188 personnel as of February 28, 2026. 

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Steps to Check Metalic Technoforge IPO Allotment Status on Registrar Site

• Visit the Bigshare Services Pvt.Ltd
• Select "Metalic Technoforge" from the dropdown menu on the allotment status page
• Enter your PAN ID, Demat Account Number, or Application Number in the designated field
• Complete the captcha verification process and click on the "Submit" button to view your allotment status

Steps to Metalic Technoforge IPO Allotment Status on BSE

• Navigate to the NSE IPO Allotment Status Page
• Select the issue type: equity/debt
• Choose "Metalic Technoforge" from the list of active IPOs in the dropdown menu
• Input your Application Number and PAN ID in the required fields
• Verify the captcha and click "Search" to check your allotment status

Metalic Technoforge IPO Subscription Status

Metalic Technoforge IPO was subscribed 8.47 times on July 23, 2026, based on Day 3 subscription data. The issue saw strong demand from the NII and Individual Investor categories, while the QIB portion was also fully subscribed.

• The QIB portion was subscribed 4.58 times on Day 3. 
• The NII portion was subscribed 17.07 times by the final day. 
• Individual Investors subscribed 7.00 times at the close of bidding.

Metalic Technoforge IPO Share Price and Investment Details

Metalic Technoforge IPO price band was ₹72 to ₹77 per share. The lot size was 1,600 shares, while individual investors were required to apply for a minimum of 2 lots, or 3,200 shares, amounting to ₹2,46,400 at the upper price band. The company raised ₹14.17 crore from anchor investors ahead of the IPO. The issue included a market maker reservation of 3,28,000 shares. Given the 8.47 times overall subscription, listing expectations remain positive, subject to broader market conditions. 

Utilisation of IPO Proceeds

Since the IPO is entirely a fresh issue, the company will receive the net proceeds after issue expenses. Metalic Technoforge proposes to use the proceeds for funding capital expenditure towards setting up Manufacturing Unit IV and upgrading existing units at its Rajkot manufacturing facility, repayment or prepayment of certain outstanding secured borrowings, and general corporate purposes.

Business Overview

Metalic Technoforge is positioned in the forged and precision-machined components segment, with exposure to automotive, agricultural equipment, hydraulic equipment, construction machinery and general engineering customers. Its business depends on manufacturing capability, product development, quality systems and relationships with OEM and industrial customers. 

The company’s revenue and profitability have grown over the last three reported years. Total income increased from ₹51.50 crore in FY 2024 to ₹75.64 crore in FY 2025 and ₹97.98 crore in FY 2026. Profit after tax rose from ₹4.26 crore in FY 2024 to ₹9.03 crore in FY 2025 and ₹12.36 crore in FY 2026. EBITDA stood at ₹21.95 crore in FY 2026. 

The company’s net worth stood at ₹33.42 crore as of March 31, 2026. Its strengths include its manufacturing facility in Rajkot, diversified forged and machined product portfolio, quality-control systems, export presence, customer relationships and order book. EBITDA margin stood at 21.62% in FY 2026, while PAT margin was 12.14%. 

Investors should also note the risks. The company had total borrowings of ₹31.78 crore as of March 31, 2026 and a debt-to-equity ratio of 1.61. Its business is exposed to raw material price movements, dependence on key customers and suppliers, execution risk for the proposed capacity expansion, and demand cycles in automotive and industrial end markets. 

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