Advance Technoforge IPO Subscribed 1.55 Times on Day 3, Retail Portion Booked 2.67 Times
Varda Khade
- 2 min read
Last Updated: 29th July 2026 - 04:49 pm
Advance Technoforge Limited's initial public offering (IPO) was subscribed 1.55 times by 5:24 PM on Day 3, July 29, 2026. The public issue received bids for 37.09 lakh shares against 24.00 lakh shares available for subscription. Individual Investors led the demand with a subscription of 2.67 times, while the Non-Institutional Investors (NIIs) category was subscribed 0.43 times.
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| Date | NII | Individual Investors | Total |
|---|---|---|---|
| Day 1 (July 27) | 0.14 | 0.37 | 0.25 |
| Day 2 (July 28) | 0.07 | 0.81 | 0.44 |
| Day 3 (July 29) | 0.43 | 2.67 | 1.55 |
Here are the subscription details for Advance Technoforge IPO Day 3, as of 5:24 PM:
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total |
|---|---|---|---|---|
| Market Maker | 1 | 1,29,600 | 1,29,600 | 1.23 |
| NII | 0.43 | 12,00,000 | 5,10,000 | 4.85 |
| Individual Investors | 2.67 | 12,00,000 | 31,99,200 | 30.39 |
| Total | 1.55 | 24,00,000 |
37,09,200 |
35.24 |
Key Highlights – Day 3
- Overall subscription reached 1.55 times on Day 3, compared with 0.44 times on Day 2.
- Individual Investors subscribed 2.67 times, placing bids for 31.99 lakh shares.
- Non-Institutional Investors (NIIs) subscribed 0.43 times, with bids for 5.10 lakh shares.
- Overall, investors bid for 37.09 lakh shares against 24.00 lakh shares available in the public issue.
Key Highlights – Day 2
- Overall subscription reached 0.44 times on Day 2, compared with 0.25 times on the opening day.
- Individual Investors subscribed 0.81 times.
- Non-Institutional Investors (NIIs) subscribed 0.07 times.
- Overall, investors bid for around 44% of the shares available in the public issue.
Key Highlights – Day 1
- Overall subscription stood at 0.25 times on Day 1 (July 27, 2026).
- Individual Investors subscribed 0.37 times.
- Non-Institutional Investors (NIIs) subscribed 0.14 times.
- Overall, investors bid for around 25% of the shares available in the public issue.
About Advance Technoforge Limited
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.
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