Advance Technoforge IPO
Advance Technoforge IPO Details
-
Open Date
27 Jul 2026
-
Close Date
29 Jul 2026
- IPO Price Range
₹ 95
- IPO Size
₹ 24.03 Cr
Advance Technoforge IPO Timeline
Advance Technoforge IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 27-July-2026 | - | 0.14 | 0.37 | 0.25 |
| 28-July-2026 | - | 0.07 | 0.81 | 0.44 |
| 29-July-2026 | - | 0.10 | 1.05 | 0.57 |
Last Updated: 29 July 2026 10:21 AM by 5paisa
Advance Technoforge Limited is an engineering company engaged in manufacturing and exporting closed-die steel forgings, upset forgings, ring rolling forgings and precision-machined components. The company serves diverse industries, including automotive, oil and gas, earthmoving equipment, railways and general engineering. Its manufacturing capabilities cover product development, forging, machining, heat treatment, testing and validation, enabling end-to-end solutions for customers. With advanced in-house technologies, multiple quality certifications and a focus on complex engineering components, the company caters to both domestic and international OEMs.
Established in: 2013
Managing Director: Nilesh Shambhubhai Moliya
Advance Technoforge Objectives
1. Purchase and installation of machinery for manufacturing of precision machine components at the existing premises (including GST) (₹7.19 Cr)
2. Part funding of working capital requirements (₹7.25 Cr)
3. Repayment / prepayment of all or certain of borrowings availed by the company (₹2.4 Cr)
4. General corporate purposes (₹3.59 Cr)
Advance Technoforge IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹24.03 Cr |
| Offer For Sale | - |
| Fresh Issue | ₹24.03 Cr |
Advance Technoforge IPO Lot Size
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 2,400 | 2,28,000 |
| Individual investors (IND) (Max) | 2 | 2,400 | 2,28,000 |
| HNI (Min) | 3 | 3,600 | 3,42,000 |
Advance Technoforge IPO Reservation
| Investors Category | Subscription (times) | Shares Offered* | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| Non-Institutional Buyers | 0.10 | 12,00,000 | 1,21,200 | 1.15 |
| Individual Investors (IND category bidding for 2 Lots) | 1.05 | 12,00,000 | 12,55,200 | 11.92 |
| TOTAL** | 0.57 | 24,00,000 | 13,76,400 | 13.08 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
| Particulars (In ₹ Crores) | FY24 | FY25 | FY26 |
| Revenue | 48.24 | 51.16 | 50.73 |
| EBITDA | 3.86 | 5.52 | 8.35 |
| PAT | 1.7 | 2.7 | 4.06 |
| Particulars (In ₹ Crores) | FY24 | FY25 | FY26 |
| Total Assets | 28.65 | 39.51 | 46.92 |
| Share Capital | 0.5 | 6.5 | 6.5 |
| Total Liabilities | 28.65 | 39.51 | 46.92 |
| Cash Flows (₹ Crores) | FY24 | FY25 | FY26 |
| Net Cash Generated From / (used in) Operating Activities | 0.19 | 3.79 | 4.45 |
| Net Cash Generated From / (used in) Investing Activities | -1.82 | -8.80 | -2.71 |
| Net Cash Generated From / (used in) Financing Activities | 1.67 | 5.03 | -1.75 |
| Net Increase (Decrease) in Cash and Cash Equivalents | 0.04 | 0.009 | -0.008 |
Strengths
1. Integrated forging and machining capabilities
2. Diversified industrial end-user base
3. Strong focus on quality certifications
4. Long-standing OEM customer relationships
Weaknesses
1. Steel price volatility impacts margins
2. Capital-intensive manufacturing operations
3. High working capital requirements
4. Industry demand remains cyclical
Opportunities
1. Rising demand for precision forgings
2. Growth in export opportunities
3. Expanding infrastructure and industrial sectors
4. Increasing localisation of engineering components
Threats
1. Intense competition from global manufacturers
2. Fluctuating raw material costs
3. Economic slowdown affecting end-user industries
4. Supply chain and logistics disruptions
1. Why Invest in Advance Technoforge IPO?
2. Integrated forging and precision machining capabilities.
3. Diversified presence across multiple industrial sectors.
4. Strong focus on exports and quality standards.
5. Well-positioned to benefit from manufacturing growth.
Advance Technoforge operates in India's growing precision forging industry, supported by increasing demand from automotive, industrial engineering, railways, oil and gas, and infrastructure sectors. The shift towards localisation, higher exports and value-added engineered components is creating favourable growth opportunities for domestic manufacturers. With integrated forging and machining capabilities, a diversified customer base and a focus on quality and operational efficiency, the company is well positioned to benefit from rising demand for precision-engineered forged components in both Indian and international markets.
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FAQs
Advance Technoforge IPO opens from July 27, 2026 to July 29, 2026.
The size of Advance Technoforge IPO is ₹24.03 Cr.
The price band of Advance Technoforge IPO is fixed at ₹95 per share.
To apply for Advance Technoforge IPO, follow the steps given below:
● Login to your 5paisa demat account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Advance Technoforge IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Advance Technoforge IPO is of 2,400 shares and the investment required is ₹2,28,000.
The share allotment date of Advance Technoforge IPO is July 30, 2026
The Advance Technoforge IPO will likely be listed on August 3, 2026.
Sun Capital Advisory Services Private Limited is the book running lead manager for Advance Technoforge IPO.
Advance Technoforge IPO plans to utilise the raised capital from the IPO for:
1. Purchase and installation of machinery for manufacturing of precision machine components at the existing premises (including GST) (₹7.19 Cr)
2. Part funding of working capital requirements (₹7.25 Cr)
3. Repayment / prepayment of all or certain of borrowings availed by the company (₹2.4 Cr)
4. General corporate purposes (₹3.59 Cr)