Advance Technoforge IPO Details

SME BSE

Advance Technoforge IPO Summary

Advance Technoforge IPO opens for subscription on 27 Jul 2026 and closes on 29 Jul 2026.The IPO will be listed on BSE with the tentative listing date set for 03 Aug 2026.

Advance Technoforge IPO price band has been fixed at ₹95 – ₹95 per share. The face value is ₹10 per share with a lot size of 1200.

Advance Technoforge IPO total issue size comprises 25,29,600 shares (aggregating up to ₹24.03 Cr). This includes a fresh issue of 25,29,600 shares (aggregating up to ₹24.03 Cr).

Advance Technoforge IPO carries a ₹4 (4.21%) GMP, reflecting investor sentiment.

Advance Technoforge IPO Lot Size :Individual Minimum is 2 lots (2,400 shares) amounting to ₹228,000. Individual Maximum is 2 lots (2,400 shares) amounting to ₹228,000. HNI Minimum is 3 lots (3,600 shares) amounting to ₹342,000.

The Lead Managers for Advance Technoforge IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Sun Capital Advisory Services Pvt Ltd . To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.

For SME (Small and Medium-sized Enterprise) IPOs, a Market Maker is appointed to ensure liquidity and stability for the stock once it is listed. They do this by continuously quoting bid and ask prices, ensuring there is a market for the shares. The appointed market maker for this IPO is JSK Securities & Services Pvt Ltd. You can analyze their track record by checking the Market Maker Performance Summary report.

For detailed information, Refer to the Advance Technoforge Limited RHP.

Advance Technoforge IPO Details

Listing Price : ₹94 at a Discount of 1.05%

Open Date

27 Jul 2026

Close Date

29 Jul 2026

Listing Date

03 Aug 2026

Issue Price

₹95 - ₹95

Face Value

₹10 per share

Lot Size

1200 Shares

GMP

₹4(4.21%)

Issue Type

IPO

Listing On

BSE

Type

Fixed Price Issue

Pre-issue Shareholding

Post-issue Shareholding

25,29,600 shares

Total Issue Size

25,29,600 shares(aggregating up to ₹24.03 Cr)

Fresh Issue

25,29,600 shares(aggregating up to ₹24.03 Cr)

Offer for Sale

Advance Technoforge IPO Subscription

Advance Technoforge IPO Application Wise Breakup

Advance Technoforge IPO Dates

27 Jul 2026
Opening dateOpen
29 Jul 2026
Closing dateClose
30 Jul 2026
Allotment Date Allotment
31 Jul 2026
Initiation of RefundsRefund
31 Jul 2026
Credit of SharesCredit
03 Aug 2026
Listing dateListing

Advance Technoforge IPO Lot Size

Application	Lots	Shares	Amount
Individual Minimum	2	2400	₹228,000
Individual Maximum	2	2400	₹228,000
HNI Minimum	3	3600	₹342,000

Advance Technoforge IPO Reservation

Promoter Holding

Pre Issue:

100%

Post Issue:

71.99%

Promoter Names:

Nilesh Shambhubhai Moliya, Pradipbhai Bhikhabhai Vora, Daxaben Nileshbhai Moliya, Kajal Alpesbhai Moliya, Shraddhaben Pradipbhai Vora

Documents

DRHP

Advance Technoforge IPO DRHP

RHP

Advance Technoforge IPO RHP

Advance Technoforge IPO Valuations

ROE30.33%

ROCE22.52%

Debt/Equity1.29

RoNW30.33%

PAT Margin8.11%

EBITDA Margin16.69%

Price to Book Value4.61

EPS(₹) (Pre IPO)6.24

EPS(₹) (Post IPO)4.49

P/E (x) (Pre IPO)15.22

P/E (x) (Post IPO)21.16

Advance Technoforge Financial Information

Period Ended	31 Mar 2026	31 Mar 2025	31 Mar 2024
Assets	46.92	39.51	28.65
Total Income	50.73	51.16	48.24
Profit After Tax	4.06	2.70	1.70
EBITDA	8.35	5.52	3.86
NET Worth	13.38	9.56	6.93
Reserves and Surplus	7.19	3.13	6.44
Total Borrowing	17.29	17.51	11.19
Amount in ₹ Crore

About Advance Technoforge IPO

Incorporated in 2013, Advance Technoforge Limited (ATL) is engaged in the manufacturing and supplying of the forged and precision machined parts with coatings and treatments, serving industries like automotive, valves, pumps, construction, and more.

With 20+ years of experience the company manufactures the qualified product lines cto global original equipment manufacturers-OEMs in Automotive, oil and gas industries, earth moving equipment, Railway etc.

Products:

Tow Hook Assembly - A robust component designed for securing vehicles, made from alloy steel with a polished and plated finish, suitable for US electric SUVs.
Retainer Plate - A structural part used in material lifting equipment, crafted from durable carbon steel for strength and reliability.
Cross Member - Provides support in material lifting equipment, made from carbon steel to ensure stability and durability under heavy loads.
Connecting Rod - A key part in automotive engines, designed from carbon steel to withstand high stress and provide optimal performance.
Boden (End Cap) - Used in hydraulic applications, made from carbon steel for durability and effective sealing in hydraulic systems.

As of 30 June 2026, the company has 205 employees as on engaged in manufacturing, marketing, administration, financial, legal and other activities of the Company.

Strength Of Advance Technoforge IPO

Strategic Location of Manufacturing Facilities.
Experienced Promoters and Management Team.
Established customer base for Products and byproduct.
Strong existing client relationship.
A successful and proven track record.
Offering Flexible Operation for meeting specific customers requirement.
Strong technical and execution capabilities to maintain quality.

Risk Of Advance Technoforge IPO

The company relys heavily on a group of customers for a significant portion of its operational revenue. The loss of any one or more of these key customers could have a substantial negative impact on the company business, operations, and financial stability.
The company relys on a limited number of suppliers for the steel required as its primary raw material. Additionally, the company does not have fixed supply agreements with these suppliers. If they fails to meet its needs, it could negatively impact the company business.
The company is exposed to foreign currency exchange rate fluctuations, which may harm its results of operations, impact the company cash flows and cause its financial results to fluctuate.
Its indebtedness, including various conditions and restrictions imposed on it by the company financing agreements, could adversely affect its ability to react to changes in the company business, and its may be limited in the company ability to use debt to fund future capital needs.
Any inability on its part to comply with prescribed technical specifications and standards of quality in connection with the company products could adversely impact its operations and profitability.
Obsolescence, destruction, breakdowns of its plant or equipment or failures to repair or maintain the same may adversely affect the company business, cash flows, financial condition and results of operations.
In the normal course of business, the company requires various approvals, NOCs, licenses, registrations, and permits. Some of these need to be transferred from Advance TechnoForge Private Limited to Advance TechnoForge Limited following the company's name change. Any failures or delay in completing these transfers in a timely manner may negatively impact its operations.
If the company is unable to compete effectively with its competitors, it could have a negative impact on our business, financial position, and operational results.
The company relys on third-party transportation providers for the delivery of raw materials, components, and finished products. As a result, rising transportation costs or the unavailability of transportation services could negatively impact its business, financial condition, operational results, and future prospects.
Its business is inherently working capital-intensive, requiring significant working capital dues to the time lag between procuring raw materials, producing finished goods, and collecting payments from customers.

Objectives Advance Technoforge IPO

1. Purchase and installation of machinery for manufacturing of precision machine components at the Existing Premises (Including GST)

2. Part Funding of working capital requirements

3. General Corporate purposes

Company Contact Details

Sr. No.121, Plot No.1 to 6, At& Po. Padavala Road, Opp. Eaterflow Piping System, Veraval Shapar, Lodhika
Rajkot, Gujarat , 360024
Phone: +91 9825368310
Email: cs@advancetechforge.com
Website: http://www.advancetechforge.com/

Registrar Contact Details

Name:

Kfin Technologies Ltd

Phone:

+91-40-67162222

Email:

ncml.ipo@kfintech.com

Website:

https://ipostatus.kfintech.com/

Lead Mangers

Market Maker

Advance Technoforge FAQs

The Advance Technoforge IPO is a SME public issue comprising 2529600 equity shares with a face value of ₹10 each, aggregating to a total issue size of ₹24.03 Cr. The issue price has been fixed at ₹95 per equity share, and the minimum application size is 1200 shares.

The IPO opens for subscription on 27 Jul 2026, and closes on 29 Jul 2026.

Kfin Technologies Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the BSE

The Advance Technoforge IPO opens on 27 Jul 2026.

Advance Technoforge IPO lot size is 1200, and the minimum amount required for application is ₹114000.

You may apply for the Advance Technoforge IPO online by using either the UPI or ASBA payment method. The ASBA facility is available through the net banking platform of your respective bank. The UPI-based IPO application option is typically provided by brokers that do not offer banking services. For detailed guidance on the online IPO application process, please refer to the procedures outlined by Zerodha, Groww, Upstox, 5Paisa, Paytm Money, Fyers, Alice Blue, Nuvama, HDFC Bank, ICICI Direct, Kotak Securities, Axis Direct, and SBI Bank.

The Basis of Allotment for the Advance Technoforge IPO is scheduled to be finalized on 30 Jul 2026. Subsequently, the shares allotted will be credited to investors’ demat accounts by 31 Jul 2026. Investors are advised to regularly check the Advance Technoforge IPO allotment status for updates.

The listing date for the Advance Technoforge IPO has not yet been officially announced. However, the tentative listing date is scheduled for 03 Aug 2026.

Advance Technoforge IPO Grey Market Premium (GMP) refers to the unofficial price at which the company’s IPO shares are traded in the grey market prior to their listing on the stock exchange. The GMP serves as an indicator of investor demand, expected listing gains, and the overall market sentiment toward the IPO.

As of now, the current GMP stands at ₹4 (4.21%).