Advance Technoforge was incorporated on October 07, 1998. The company manufactures forged and precision-machined steel components using carbon, alloy, and stainless steel through advanced forging processes. It supplies these products to OEMs across automotive, oil & gas, earthmoving, railway, and general engineering industries
| Bidding Dates |
|---|
| 27 Jul 2026 - 29 Jul 2026 |
| Subscription |
|---|
| 1.53x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹2,28,000 | 2 | 2 | 1200 | 2.5 M | ₹95 | 71.99 % | ₹240.3 M | RHP DOC |
Advance Technoforge IPO SUBSCRIPTION STATUS
29 Jul '26Advance Technoforge IPO overall subscription rate was 1.53 times the total available shares
Advance Technoforge IPO retail subscription rate was 2.55 times in the retail segment
Advance Technoforge IPO non-institutional investor subscription rate was 0.51 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
29 Jul 2026 (Day 3) | 2.55x | 0.51x | - |
28 Jul 2026 (Day 2) | 0.76x | 0.17x | - |
27 Jul 2026 (Day 1) | 0.35x | 0.13x | - |
Advance Technoforge FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY26 | 50.0 | 4.1 | 4.5 | 3.0 | 16.7% |
| FY25 | 50.7 | 2.7 | 3.8 | -3.0 | 10.9% |
| FY24 | 48.0 | 1.7 | 3.8 | 2.2 | 8.0% |
Advance Technoforge IPO SUBSCRIPTION STATUS DETAILS
Advance Technoforge had 2.5 M shares on offer
Advance Technoforge IPO offer price was ₹95
Advance Technoforge IPO minimum Investment was ₹228000
Advance Technoforge IPO issue size was ₹ 240.3 M
Advance Technoforge had a minimum lot size of 1200 Shares per application
Advance Technoforge NUMBER OF SHARES ON OFFER
Advance Technoforge IPO IMPORTANT DATES
| Issue Open Date | 27 Jul 2026 |
| Issue close Date | 29 Jul 2026 |
| Allotment Date | 30 Jul 2026 |
| Refund Date | 31 Jul 2026 |
| Demat Account Credit Date | 31 Jul 2026 |
| Listing Date | 03 Aug 2026 |
| Listing on Exchange(s) | BSE |
| Advance Technoforge Allotment Status | Exchange/ Registrar |
Advance Technoforge IPO subscription opened on 27 Jul 2026, and closed on 29 Jul 2026
IPO allotment for Advance Technoforge was finalized on Thursday, 30 Jul 2026
IPO listing for Advance Technoforge was on BSE on Monday, 03 Aug 2026
Advance Technoforge IPO LISTING GAINS
| Issue Price (adjusted) | 95.0 |
| Listing Open Price | 94.0 |
| Listing Close Price | 89.3 |
| Listing Gain% | -1.1% |
| Current Gain% | -23.4% |
Advance Technoforge Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Advance Technoforge Ltd. | 72.8 | 65.7 | 16.2 | 0.3 | 1.3 | 29.6 | 8.6 | 50.7 | -0.8 | 4.1 | 49.9 | 4.5 | 49.8 |
| Bharat Forge Ltd. | 2265.2 | 108296.6 | 97.7 | 5.5 | 6.4 | 11.3 | 4.8 | 17010.3 | 10.9 | 1079.7 | 14.7 | 23.2 | 17.7 |
| AIA Engineering Ltd. | 4776 | 44569.8 | 35.1 | 1.8 | 10.1 | 15.8 | 14.9 | 4893.9 | 6 | 1270.2 | 19.7 | 136.1 | 19.7 |
| Indo-MIM Ltd. | 867.4 | 42888.8 | 18.9 | 10.9 | 4320.7 | 28.1 | 533.5 | 25.9 | |||||
| Happy Forgings Ltd. | 1906.2 | 17990.5 | 54.9 | 2.5 | 11 | 14.2 | 11.4 | 1577.1 | 9 | 301.6 | 12.8 | 34.7 | 21.6 |
| Ramkrishna Forgings Ltd. | 726.6 | 13138.1 | 122.9 | -1.6 | 3 | 2.2 | 1 | 4251.2 | 4.7 | 71.8 | -82.7 | 5.9 | -78.7 |
Advance Technoforge INFORMATION ON IPO ISSUE
About Advance Technoforge
Advance Technoforge was incorporated on October 07, 1998. The company manufactures forged and precision-machined steel components using carbon, alloy, and stainless steel through advanced forging processes. It supplies these products to OEMs across automotive, oil & gas, earthmoving, railway, and general engineering industries
Object of the Issue
- Purchase and installation of plant and machineries for manufacturing of precision machine components at the existing premises
- Part funding of working capital requirements
- Repayment / Prepayment of all or certain of their borrowings availed by the company
- General corporate purposes
Advance Technoforge - PROMOTERS
| Name |
|---|
| Nilesh Shambhubhai Moliya |
| Pradipbhai Bhikhabhai Vora |
| Daxaben Nileshbhai Moliya |
| Kajal Alpeshbhai Moliya |
| Shraddhaben Pradipbhai Vora |
Advance Technoforge - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Nilesh Shambhubhai Moliya | Managing Director |
| Pradipbhai Bhikhabhai Vora | Whole Time Director |
| Shraddhaben Pradipbhai Vora | Chairman & Non- Executive Director |
| Satyam Nanjibhai Thummar | Non- Executive Independent Director |
| Chirag Ghadiya | Non-Executive Independent Director |
Advance Technoforge Book Running Lead Manager
Sun Capital Advisory Services Private Limited
mb@suncapital.co.in
Advance Technoforge Registrar to the Offer
KFin Technologies Limited
advancetech.ipo@kfintech.com
Advance Technoforge Strengths
Integrated manufacturing facility
The company continuously upgrades its manufacturing infrastructure and adopts advanced technologies to meet evolving market demands and customer requirements. Its focus on technological advancement enhances production efficiency and enables the manufacture of high-quality forged products
Diversified product portfolio
The company operates advanced manufacturing facilities equipped with modern machinery, enabling high-volume production with consistent quality and faster turnaround times. Its experienced engineering team enhances operational efficiency, helping meet customer demand and execute orders within shorter timelines
Client & suppliers relationship
The company has built long-standing relationships with customers and suppliers through consistent product quality, timely delivery, and reliable service. These strong partnerships have resulted in repeat business, enhanced its industry reputation, and provided a competitive advantage across domestic and export markets
Advance Technoforge Risks
Quality standards
The company's business depends on meeting stringent quality standards, technical specifications, and certification requirements set by customers and regulatory bodies. Any failure to maintain these standards could lead to loss of orders, reduced profitability, and adversely affect its business operations
Competition
The company operates in a highly competitive forging and machining industry, facing competition from both domestic and international players on quality, technology, pricing, and delivery. Any inability to compete effectively could reduce market share, pressure profit margins, and adversely affect its financial performance
Capital intensive
The company's operations are working capital-intensive due to the time gap between raw material procurement, production, and customer payments. Any difficulty in managing working capital or securing timely financing could disrupt operations and adversely affect its financial performance
IPO FAQs
The promoters of the company are Nilesh Shambhubhai Moliya, Pradipbhai Bhikhabhai Vora, Daxaben Nileshbhai Moliya, Kajal Alpeshbhai Moliya and Shraddhaben Pradipbhai Vora.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 95.0 - 95.0.
The IPO application opens on Jul 27, 2026 and closes on Jul 29, 2026.
The minimum lot size for the IPO is 2400. The maximum lot size for the IPO is 2400.
For all category investors, the minimum application amount for this IPO is Rs. 228,000.0, the maximum value for this IPO is Rs 228,000.0.
This IPO will be allotted on Jul 30, 2026.
The refund will be credited to your account on Jul 31, 2026.
The allotted shares will be credited to your demat on Jul 31, 2026.
Advance Technoforge Ltd.’s shares listed on the stock exchanges on Aug 03, 2026.