Metalic Technoforge IPO Details

SME NSE

Metalic Technoforge IPO Summary

Metalic Technoforge IPO opens for subscription on 21 Jul 2026 and closes on 23 Jul 2026.The IPO will be listed on NSE with the tentative listing date set for 28 Jul 2026.

Metalic Technoforge IPO price band has been fixed at ₹72 – ₹77 per share. The face value is ₹10 per share with a lot size of 1600.

Metalic Technoforge IPO total issue size comprises 64,88,000 shares (aggregating up to ₹49.96 Cr). This includes a fresh issue of 64,88,000 shares (aggregating up to ₹49.96 Cr). Pre-issue shareholding stands at 1,74,96,400, which will increase to 2,39,84,400 post-issue.

Metalic Technoforge IPO carries a ₹6 (7.79%) GMP, reflecting investor sentiment.

Metalic Technoforge IPO Lot Size :Individual Minimum is 2 lots (3,200 shares) amounting to ₹246,400. Individual Maximum is 2 lots (3,200 shares) amounting to ₹246,400. SHNI Minimum is 3 lots (4,800 shares) amounting to ₹369,600. SHNI Maximum is 8 lots (12,800 shares) amounting to ₹985,600. BHNI Minimum is 9 lots (14,400 shares) amounting to ₹1,108,800.

The Lead Managers for Metalic 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 Smart Horizon Capital Advisors 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 Shreni Shares. You can analyze their track record by checking the Market Maker Performance Summary report.

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

Metalic Technoforge IPO Details

Listing Price : ₹87 at a Premium of 12.99%

Open Date

21 Jul 2026

Close Date

23 Jul 2026

Listing Date

28 Jul 2026

Issue Price

₹72 - ₹77

Face Value

₹10 per share

Lot Size

1600 Shares

GMP

₹6(7.79%)

Issue Type

IPO

Listing On

NSE

Type

Book Built Issue

Pre-issue Shareholding

1,74,96,400 shares

Post-issue Shareholding

2,39,84,400 shares

Total Issue Size

64,88,000 shares(aggregating up to ₹49.96 Cr)

Fresh Issue

64,88,000 shares(aggregating up to ₹49.96 Cr)

Offer for Sale

Metalic Technoforge IPO Subscription

Metalic Technoforge IPO Application Wise Breakup

Metalic Technoforge IPO Dates

21 Jul 2026
Opening dateOpen
23 Jul 2026
Closing dateClose
24 Jul 2026
Allotment Date Allotment
27 Jul 2026
Initiation of RefundsRefund
27 Jul 2026
Credit of SharesCredit
28 Jul 2026
Listing dateListing

Metalic Technoforge IPO Lot Size

Application	Lots	Shares	Amount
Individual Minimum	2	3200	₹246,400
Individual Maximum	2	3200	₹246,400
SHNI Minimum	3	4800	₹369,600
SHNI Maximum	8	12800	₹985,600
BHNI Minimum	9	14400	₹1,108,800

Metalic Technoforge IPO Reservation

Promoter Holding

Pre Issue:

83.63%

Post Issue:

61.00%

Promoter Names:

Gajipara Keyur Dhirajlal, Trambadiya Dhaval Vrajlal, Vadodariya Satish Rameshbhai, Kapadiya Vipul K, Rupapara Jay Rameshbahi, Gajipara Ronakkumar Mansukhbhai, Ekta Satish Vadodariya

Documents

DRHP

Metalic Technoforge IPO DRHP

RHP

Metalic Technoforge IPO RHP

Anchor List

Anchor Investors

Metalic Technoforge IPO Valuations

ROE71.87%

ROCE31.88%

Debt/Equity1.61

RoNW51.88%

PAT Margin12.14%

EBITDA Margin21.62%

Price to Book Value7.52

EPS(₹) (Pre IPO)7.07

EPS(₹) (Post IPO)5.16

P/E (x) (Pre IPO)10.9

P/E (x) (Post IPO)14.94

Metalic Technoforge Financial Information

Period Ended	31 Mar 2026	31 Mar 2025	31 Mar 2024
Assets	92.09	65.10	33.67
Total Income	97.98	75.64	51.50
Profit After Tax	12.36	9.03	4.26
EBITDA	21.95	16.08	7.29
NET Worth	33.42	17.40	7.72
Reserves and Surplus	15.92	16.40	7.37
Total Borrowing	31.78	27.97	10.81
Amount in ₹ Crore

About Metalic Technoforge IPO

Incorporated in October 2016, Metalic Technoforge Ltd. manufactures closed-die forged and precision-machined components.

The company's product portfolio includes complex, safety-critical forged and precision-machined products such as big and small rings, ball studs, gear blanks with broaching, gears, coupling assemblies, and other critical components for various industries.

The company serves domestic and global OEMs across automotive and non-automotive sectors. Automotive OEMs include manufacturers of automobiles, tractors, and commercial vehicles. Non-automotive OEMs include manufacturers of agricultural equipment, hydraulic equipment, construction machinery, and general engineering products.

The company's manufacturing unit is situated in Rajkot, Gujarat.

As of March 01, 2026, the Company had an order book of approximately ₹ 2,447.06 lakhs.

As of February 28, 2026, the company had 188 personnel at its manufacturing units and registered office.

Strength Of Metalic Technoforge IPO

Our Manufacturing facility.
Diversified product portfolio.
Quality Assurance and Control.
Our Order Book.
Long-Standing Relationship with our customers.

Risk Of Metalic Technoforge IPO

A significant portion of the company's domestic revenue is derived from customers located in Gujarat, Maharashtra and Uttar Pradesh which accounted for 69.00%, 59.22%%, 78.70%% and 88.73% of its revenue from operations for the period ended on September 30, 2025 and for the financial years ended March 31, 2025, 2024 and 2023, respectively. Any adverse developments in these regions may materially and adversely affect the company's business, financial condition, results of operations and cash flows.
The company depends on a limited number of suppliers for its raw materials and the absence of long-term contractual arrangements with such suppliers exposes the company to supply, quality and pricing risks that could adversely affect its business and financial performance.
The company depends on a limited number of key customers for a substantial portion of its revenue and the absence of long-term contractual arrangements with such customers exposes the company to customer concentration, demand volatility and credit risks that could adversely affect its business and financial performance.
The company's business is dependent and will continue to depends on its manufacturing facility, and the company is subject to certain risks in the company's manufacturing process. Any slowdown or shutdown in its manufacturing operations or strikes, work stoppages or increased wage demands by the company's employees that could interfere with the company's operations could have an adverse effect on its business, financial condition and results of operations.
The company derives significant portion of its revenue from Gears and Transmission Components. The company's profitability, business and commercial success is significantly dependent on its ability to successfully anticipate the industry and customer requirements and utilize the company's resources to enhance and provide our products that efficiently satisfy and meet itsclient's specific requirements in a timely manner. Any failures on the company's part to do so, may have an impact on the reputation of the company's business, which could have an adverse effect on its revenue, reputation, financial conditions, results of operations and cash flows.
The company's operations are dependent on its existing machinery, equipment and technology for critical business functions, and any failures to maintain, repair, upgrade or adapt to technological changes may adversely affect the company's business and results of operations.
The company is dependent on the performance of certain industries in which its customers operate and fluctuations in the performance of such industries may result in a loss of such customers, a decrease in the volume of work the company undertakes or the price at which the company offers its products.,
The company exports its products to various countries and the company's revenue from customers outside India represented 29.66%, 37.72%, 18.57%, and 9.39% of the total revenue from export for the period ended on September 30, 2025 and for the financial years ended March 31, 2025, 2024 and 2023, respectively. The company's international operations expose the company to risks relating to foreign market conditions, geographic concentration, regulatory requirements and foreign exchange fluctuations which could adversely affect its business, financial condition and results of operations.
The company is subject to various laws and extensive government regulations and if the company fails to obtain, maintain or renew the company's statutory and regulatory licenses, permits and approvals required in the ordinary course of its business, including environmental, health and fire safety laws and other regulations, the company's business financial condition, results of operations and cash flows may be adversely affected.
The company has not yet placed orders in relation to the capital expenditure requirements of the Company towards setting up of the proposed Manufacturing Unit IV and upgradation of existing units at manufacturing facility in Rajkot, Gujarat. In the event of any delay in placing the orders, or in the event the vendors are not able to provide the plant and machineries or complete the civil and related works etc. in a timely manner, or at all, the same may result in time and cost over-runs.

Objectives Metalic Technoforge IPO

1. Funding of capital expenditure requirements of the Company towards setting up of the proposed Manufacturing Unit IV and upgradation of existing units at manufacturing facility in Rajkot, Gujarat

2. Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by the Company.

3. General Corporate Purpose

Company Contact Details

Sr. No.-129/1 P4(New Survey no. 296), Plot No.-5&6 Padavala Main Road, Opp. Electric Power House, Kot VillagePadavala, Veraval (Shapar), Kotda Sanghani
Rajkot, Gujarat , 360024
Phone: +91- 9033332532
Email: investors@metalictechnoforge.com
Website: https://www.metalictechnoforge.com/

Registrar Contact Details

Name:

Bigshare Services Pvt Ltd

Phone:

+91-22-62638200

Email:

ipo@bigshareonline.com

Website:

https://ipo.bigshareonline.com/ipo_status.html

Lead Mangers

Market Maker

Metalic Technoforge FAQs

The Metalic Technoforge IPO is a SME public issue comprising 6488000 equity shares with a face value of ₹10 each, aggregating to a total issue size of ₹49.96 Cr. The issue price has been fixed at ₹77 per equity share, and the minimum application size is 1600 shares.

The IPO opens for subscription on 21 Jul 2026, and closes on 23 Jul 2026.

Bigshare Services Pvt Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the NSE

The Metalic Technoforge IPO opens on 21 Jul 2026.

Metalic Technoforge IPO lot size is 1600, and the minimum amount required for application is ₹123200.

You may apply for the Metalic 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 Metalic Technoforge IPO is scheduled to be finalized on 24 Jul 2026. Subsequently, the shares allotted will be credited to investors’ demat accounts by 27 Jul 2026. Investors are advised to regularly check the Metalic Technoforge IPO allotment status for updates.

The listing date for the Metalic Technoforge IPO has not yet been officially announced. However, the tentative listing date is scheduled for 28 Jul 2026.

Metalic 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 ₹6 (7.79%).