Advance Technoforge IPO: dates, price band, lot size and GMP
Advance Technoforge IPO listed on 3 Aug at ₹94 (BSE SME). Issue dates 27 – 29 Jul 2026, price band ₹95, lot 1,200 shares. The shares now trade on the exchange; any pre-IPO price on this site is historical.
Listing: Advance Technoforge listed on 3 Aug 2026 on BSE SME at ₹94, −₹1 (−1.1%) against the ₹95 upper band. Advance Technoforge IPO listing date, price and gain · Recently listed IPOs
Updated 20 Oct 2026, 15:10 IST. Unofficial grey-market figures, dated.
BuyUnlistedShares tracks 211 IPOs on its calendar; the Advance Technoforge IPO has a price band of ₹95, a lot of 1,200 shares and no grey-market premium reported yet as of 20 Oct 2026.
Key details
| Board | SME |
|---|---|
| Issue dates | 27 – 29 Jul 2026 |
| Price band | ₹95 |
| Lot size | 1,200 shares |
| Issue size | ₹24.04 Cr |
| Fresh issue | ₹22.81 Cr |
| Subscription | 1.55x |
| Registrar | Kfin Technologies Ltd. |
| Lead managers | Sun Capital Advisory Services Pvt.Ltd. |
| Status | Listed |
Timeline
- Issue opens: 27 Jul
- Issue closes: 29 Jul
- Allotment: 30 Jul
- Refunds: 31 Jul
- Demat credit: 31 Jul
- Listing: 3 Aug
Live subscription
| Category | Subscribed |
|---|---|
| QIB | 0x |
| NII | 0.43x |
| Retail | 2.68x |
| Total | 1.55x |
Last updated 29 Jul 2026, 6:55 PM IST.
Issue details
| Face value | ₹10 |
|---|---|
| Issue type | Fixed Price Issue |
| Listing at | BSE SME |
| Market cap at the upper band | ₹85.78 Cr |
| P/E (pre-issue) | 15.22x |
| P/E (post-issue) | 21.16x |
| Fresh issue (shares) | 24,01,200 |
| Total shares offered | 24,01,200 |
| Promoter holding pre-issue | 100% |
| Promoter holding post-issue | 71.99% |
| Promoters | Nilesh Shambhubhai Moliya, Pradipbhai Bhikhabhai Vora, Daxaben Nileshbhai Moliya, Kajal Alpesbhai Moliya, Shraddhaben Pradipbhai Vora |
| Lead managers | Sun Capital Advisory Services Pvt.Ltd. |
| Registrar phone | 040-79615565 |
| Registrar email | ncml.ipo@kfintech.com |
| Company website | advancetechforge.com |
Lot sizes by investor category
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (minimum) | 2 | 2,400 | ₹2,28,000 |
| Retail (maximum) | 2 | 2,400 | ₹2,28,000 |
| sNII (minimum) | 3 | 3,600 | ₹2,28,000 |
| bNII (minimum) | 3 | 3,600 | ₹10,26,000 |
Reservation
| Category | Share of issue | Shares offered | Basis |
|---|---|---|---|
| NII (HNI) | 50% | 12,00,000 | 50% of the Net Issue |
| Retail | 50% | 12,00,000 | 50% of the Net Issue |
| Market Maker | 5.4% | 1,29,600 |
Subscription by day
| Day | QIB | NII | sHNI | bHNI | Retail | Total |
|---|---|---|---|---|---|---|
| Day 1 · 28 Jul | — | 0.14x | — | — | 0.81x | 0.44x |
| Day 2 · 29 Jul | — | 0.43x | — | — | 2.68x | 1.55x |
Key ratios as of 31 Mar 2026
| EPS (pre-issue) | ₹6.24 |
|---|---|
| EPS (post-issue) | ₹4.49 |
| P/E (pre-issue) | 15.22x |
| P/E (post-issue) | 21.16x |
| RoNW | 30.33% |
| RoCE | 22.52% |
| RoE | 30.33% |
| PAT margin | 8.11% |
| EBITDA margin | 16.69% |
| Price / book | 4.61x |
| NAV per share | ₹20.59 |
| Debt / equity | 1.29 |
| Market cap (upper band) | ₹85.78 Cr |
Financials (₹ Cr)
| Metric | FY26 | FY25 | FY24 | FY26 vs FY25 |
|---|---|---|---|---|
| Assets | 46.92 | 39.51 | 28.65 | +18.8% |
| Total Income | 50.73 | 51.16 | 48.24 | −0.8% |
| Profit After Tax | 4.06 | 2.7 | 1.7 | +50.4% |
| EBITDA | 8.35 | 5.52 | 3.86 | +51.3% |
| NET Worth | 13.38 | 9.56 | 6.93 | +40% |
| Reserves and Surplus | 7.19 | 3.13 | 6.44 | +129.7% |
| Total Borrowing | 17.29 | 17.51 | 11.19 | −1.3% |
About Advance Technoforge
Advance Technoforge Limited (ATL), established in 2013, is engaged in the manufacture and supply of forged and precision-machined components. The company provides value-added solutions through specialized coatings and surface treatments, catering to a wide range of industries, including automotive, oil & gas, valves, pumps, construction equipment, railways, and earth-moving machinery. Backed by over two decades of industry expertise, ATL serves domestic and international Original Equipment Manufacturers (OEMs) by delivering high-quality engineered components designed to meet stringent performance and reliability standards.
Product Portfolio Tow Hook Assembly: A heavy-duty forged component used for vehicle towing and recovery applications. Manufactured from alloy steel and finished with polishing and plating processes, it is designed for use in electric SUVs and other automotive applications. Retainer Plate: An engineered component utilized in lifting and handling equipment. Made from carbon steel, it provides structural support and durability in demanding industrial environments. Cross Member: A load-bearing component used in material handling systems and lifting equipment. Its carbon steel construction ensures strength, rigidity, and long service life.
Connecting Rod: A critical engine component employed in automotive and industrial machinery applications. Manufactured from high-strength carbon steel, it is designed to perform under high-pressure operating conditions. Boden (End Cap): A precision-engineered component used in hydraulic systems, offering effective sealing and durability for fluid power applications. The company operates an integrated manufacturing setup equipped to handle forging, machining, coating, and finishing processes, enabling efficient production and quality control across its product range.
As of February 24, 2025, Advance Technoforge Limited employed 136 personnel across manufacturing operations, sales and marketing, administration, finance, legal, and other support functions. Key Competitive Advantages Promoted and managed by an experienced leadership team with deep industry knowledge. Integrated manufacturing capabilities covering forging, machining, and value-added finishing processes. Broad product portfolio serving multiple end-user industries and applications. Ability to undertake large-scale production while maintaining quality standards. Established relationships with OEMs and long-term business partners.
Objects of the issue
- Purchase and installation of machinery for manufacturing of precision machine components at the Existing Premises (Including GST) — ₹7.19 Cr
- Part Funding of working capital requirements — ₹7.25 Cr
- Repayment / Prepayment of all or certain of borrowings availed by the Company — ₹2.4 Cr
- General Corporate purposes — ₹3.59 Cr
- Issue Expenses — ₹3.6 Cr
Net proceeds: ₹24.03 Cr
Peer comparison
| Company | EPS (Diluted) | NAV (₹ per share) | P/E (x) | RoNW (%) | Financial statements |
|---|---|---|---|---|---|
| Advance Technoforge Ltd. (issuer) | 6.24 | 20.59 | 15.22x | 30.33% | Standalone |
| Tirupati Forge Limited | 0.51 | 10.53 | 93.56x | 5.24% | Standalone |
| Forge Auto International Limited | 9.91 | 63.23 | 9.39x | 17% | Standalone |
Note: As certified by M/s R V D & Co., Chartered Accountants, by way of their certificate dated 15 June 2026. Information is based as per available financials for FY 2026 of the Peers from the stock exchange. For the Company, information is based on latest full year fiscal as per the Restated Financial Statements for FY 2026. * Price is taken as closing price on NSE Limited as on 15 June 2026 (i.e. Forge Auto International Limited's price is ₹ 93.10 on 15th June 2026 and Tirupati Forge Limited's price is ₹ 46.78 on 15th June 2026, respectively.
Offer documents: DRHP (PDF)
Frequently asked questions
When does the Advance Technoforge IPO open and close?
The issue is scheduled for 27 – 29 Jul 2026.
What is the Advance Technoforge IPO price band?
The price band is ₹95 per share with a lot size of 1,200 shares.
How big is the Advance Technoforge IPO?
The total issue size is ₹24.04 Cr.
When will Advance Technoforge list?
The tentative listing date is 3 Aug on the SME platform.
How do I apply for the Advance Technoforge IPO?
Apply through your broker or bank using ASBA or UPI within the issue window; the amount stays blocked in your account until allotment. BuyUnlistedShares does not take applications; it tracks the issue and the unlisted price before it.
Sources
- Draft red herring prospectus (DRHP), Advance Technoforge · as filed with SEBI · bseindia.com
- Registrar allotment page, Kfin Technologies Ltd. · allotment 30 Jul · ipostatus.kfintech.com
- BSE SME issues page · listing 3 Aug · bsesme.com
- Advance Technoforge company website · advancetechforge.com
- BuyUnlistedShares IPO record: GMP, subscription and allotment, dated daily · GMP as of 3 Aug, 04:00 · buyunlistedshares.com
How to cite this page: BuyUnlistedShares, “Advance Technoforge IPO”, https://buyunlistedshares.com/ipo/advance-technoforge-ipo, as of 20 Oct 2026.
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Indicative reference price, dated. BuyUnlistedShares is India's premium unlisted shares desk, run by Gayatri Financial Synergy LLP. In the market since 2002. Data as of 20 Oct 2026.
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