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ADVANCE TECHNOFORGE IPO

ALREADY DEPARTEDBSE SME · SME · AEROSPACE & DEFENSE
INDICATIVE FARE / PRICE BAND
₹95
BAND INDICATIVE · NOTHING FINAL UNTIL THE RHP
FIGURES ON THIS PAGE AS OF 10 AUG 2026, 18:03 IST · REFRESHED THROUGH THE DAY
THE FARE BOARD · KEY NUMBERS

BY THE NUMBERS.

PRICE BAND
₹95
LOT SIZE
1200 SHARES
ISSUE SIZE
₹24.04 CR
MIN INVESTMENT
₹1,14,000 · 1200 SHARES
P/E RATIO
15.22
THE TIMETABLE · FOUR STOPS
THE JOURNEY.
OPENS
27 JUL 26
✓ STOP CLEARED
CLOSES
29 JUL 26
✓ STOP CLEARED
ALLOTMENT
30 JUL 26
✓ STOP CLEARED
LISTING
03 AUG 26
✓ STOP CLEARED
REFUNDS INITIATED31 JUL 26SHARES IN DEMAT31 JUL 26
TIMETABLE AS FILED · DATES CAN MOVE · CONFIRM AGAINST THE OFFICIAL RHP AND THE REGISTRAR
END OF THE LINE · LISTING DAY

WHERE IT LANDED.

LISTING PRICE
₹94
DAY-1 LISTING GAIN
-1.05%
THE BOOKING SHEET · SUBSCRIPTION

HOW FULL THE BUS GOT.

OVERALL SUBSCRIPTION1.55×
QIB
NII0.43×
RETAIL2.68×
THE CENTRE TICK = 1× · BUS FULL · SUBSCRIPTION FIGURES AS REPORTED BY THE EXCHANGES · TIMES THE ISSUE · INFORMATION ONLY
THE FARE TABLE · WHAT AN APPLICATION COSTS

TICKET CLASSES.

APPLICATIONLOTSSHARESAMOUNT
MINIMUM APPLICATION · AS PUBLISHED22,400₹2,28,000
EACH ROW SAYS WHETHER ITS FIGURES ARE THE QUANTITIES PUBLISHED FOR THIS ISSUE OR OUR OWN ARITHMETIC · COMPUTED ROWS ARE LOT SIZE × UPPER BAND · AMOUNTS AT THE UPPER BAND OF ₹95 · CATEGORY LIMITS PER SEBI THRESHOLDS (₹2 LAKH RETAIL CEILING, ₹10 LAKH SHNI/BHNI BOUNDARY) · INFORMATION ONLY · WE DO NOT ACCEPT OR PROCESS IPO APPLICATIONS · ONE LOT ALREADY EXCEEDS THE RETAIL CEILING ON THIS ISSUE
THE MANIFEST · ISSUE STRUCTURE

HOW THE ISSUE IS BUILT.

FACE VALUE
₹10
ISSUE TYPE
FIXED PRICE ISSUE
FRESH ISSUE
₹22.81 CR
24,01,200 SHARES
TOTAL SHARES OFFERED
24,01,200

The two legs send the money to different places: a fresh issue raises new capital for the company, while an offer for sale is existing shares being sold by existing shareholders, whose proceeds go to those sellers and not to the company.

FIGURES AS PUBLISHED FOR THIS ISSUE · CONFIRM AGAINST THE OFFICIAL RHP
THE GAUGES · VALUATION AND RETURNS

ON THE DASHBOARD.

EPS · PRE-ISSUE
6.24
EPS · POST-ISSUE
4.49
P/E RATIO
15.22
P/E · POST-ISSUE
21.16
RONW
30.33%
ROCE
22.52%
ROE
30.33%
PAT MARGIN
8.11%
EBITDA MARGIN
16.69%
PRICE / BOOK
4.61
NAV PER SHARE
₹20.59
DEBT / EQUITY
1.29
MARKET CAP
₹85.78 CR
FIGURES STATED AS OF 31 MAR 2026 · AS PUBLISHED FOR THIS ISSUE AND REPRODUCED WITHOUT ADJUSTMENT · A REPORTED RATIO IS NOT A VIEW ON VALUE · CONFIRM AGAINST THE OFFICIAL RHP
THE LOGBOOK · REPORTED FINANCIALS

THE RUNNING RECORD.

INR CR31 MAR 2431 MAR 2531 MAR 26
ASSETS28.6539.5146.92
TOTAL INCOME48.2451.1650.73
PROFIT AFTER TAX1.72.74.06
EBITDA3.865.528.35
NET WORTH6.939.5613.38
RESERVES AND SURPLUS6.443.137.19
TOTAL BORROWING11.1917.5117.29
AMOUNTS IN INR CR · AS PUBLISHED FOR THIS ISSUE AND REPRODUCED WITHOUT ADJUSTMENT · CONFIRM AGAINST THE OFFICIAL RHP
OTHER SERVICES ON THIS ROUTE · PEER GROUP

WHO ELSE RUNS THIS LINE.

PEEREPS (DILUTED)NAV (₹ PER SHARE)P/E (X)RONW (%)FINANCIAL STATEMENTS
Advance Technoforge Ltd. · THIS ISSUER6.2420.5915.2230.33Standalone
Tirupati Forge Limited0.5110.5393.565.24Standalone
Forge Auto International Limited9.9163.239.3917Standalone
PEER GROUP STRUCK AS AT 31 MAR 2026 · AS PUBLISHED FOR THIS ISSUE · NOT LIVE MARKET QUOTES, AND NOT A COMPARISON DRAWN BY BUYUNLISTEDSHARES
THE NOTE PUBLISHED WITH THIS PEER GROUP

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.

WHERE THE FARE GOES · OBJECTS OF THE ISSUE

WHAT THE MONEY IS FOR.

OBJECT OF THE ISSUEINR CR
Purchase and installation of machinery for manufacturing of precision machine components at the Existing Premises (Including GST)7.19
Part Funding of working capital requirements7.25
Repayment / Prepayment of all or certain of borrowings availed by the Company2.4
General Corporate purposes3.59
Issue Expenses3.6
INR CR 24.03 ALLOCATED IN TOTAL · OBJECTS AND AMOUNTS AS PUBLISHED FOR THIS ISSUE · AN OBJECT WITH NO AMOUNT AGAINST IT IS SHOWN AS PUBLISHED · CONFIRM AGAINST THE OFFICIAL RHP
THE SEATING PLAN · CATEGORY RESERVATION

WHO GETS WHICH SEATS.

NII (HNI)
12,00,000
50% of the Net Issue
RETAIL
12,00,000
50% of the Net Issue
MARKET MAKER
1,29,600
SHARES
24,00,000 SHARES ACROSS ALL CATEGORIES · CATEGORY SPLIT AS PUBLISHED FOR THIS ISSUE · CONFIRM AGAINST THE OFFICIAL RHP
ABOUT THIS SERVICE

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.

THE CREW · WHO IS RUNNING THIS SERVICE

ON THE ROSTER.

PROMOTERS
NAMES
Nilesh Shambhubhai Moliya, Pradipbhai Bhikhabhai Vora, Daxaben Nileshbhai Moliya, Kajal Alpesbhai Moliya, Shraddhaben Pradipbhai Vora
HOLDING PRE-ISSUE
100%
HOLDING POST-ISSUE
71.99%
BOOK-RUNNING LEAD MANAGERS
1 APPOINTED
Sun Capital Advisory Services Pvt.Ltd.
REGISTRAR TO THE ISSUE
NAME
Kfin Technologies Ltd.
PHONE
040-79615565
THE COMPANY
PHONE
9825368310
REGISTERED OFFICE
Sr. No.121, Plot No.1 to 6, At& Po. Padavala Road, Opp. Eaterflow Piping System, Veraval Shapar, Lodhika, Rajkot, Gujarat, 360024
DETAILS AS PUBLISHED FOR THIS ISSUE · ALLOTMENT IS HANDLED BY THE REGISTRAR, NOT BY BUYUNLISTEDSHARES · WE NEVER ASK FOR PAN OR APPLICATION DETAILS
THE ENQUIRY DESK · QUESTIONS

COMMON QUESTIONS.

What is the Advance Technoforge IPO price band?+

The indicative price band is ₹95 per share. The binding terms are the ones in the Red Herring Prospectus (RHP).

What is the lot size of the Advance Technoforge IPO?+

One lot is 1200 shares. At the upper band of ₹95, one lot works out to ₹1,14,000.

When does the Advance Technoforge IPO open and close?+

The issue opened on 27 Jul 2026 and closed on 29 Jul 2026. Dates can move — the registrar and the exchange notices are the record.

When is the Advance Technoforge IPO allotment?+

Allotment is scheduled for 30 Jul 2026. The basis of allotment is published by the registrar to the issue. BuyUnlistedShares does not accept, process or track IPO applications.

When did Advance Technoforge list?+

Listing took place on 03 Aug 2026 on BSE SME.

Where will Advance Technoforge be listed?+

Advance Technoforge is listed on BSE SME. It is an SME issue, so it trades on the SME platform.

How large is the Advance Technoforge IPO?+

The issue size is ₹24.04 Cr — a fresh issue of ₹22.81 cr. Figures are indicative and subject to the RHP.

How was the Advance Technoforge IPO subscribed?+

The issue was subscribed 1.55× overall. By category: qib 0×, nii 0.43×, retail 2.68×. Subscription figures are as reported by the exchanges.

At what price did Advance Technoforge list?+

Advance Technoforge listed at ₹94, -1.05% against the issue price.

Who is the registrar for the Advance Technoforge IPO?+

The registrar to the issue is Kfin Technologies Ltd. (040-79615565), ncml.ipo@kfintech.com.

Where can I check the Advance Technoforge IPO allotment status?+

Allotment status is published by the registrar on its own official portal: https://ipostatus.kfintech.com/. Use the registrar's site directly — BuyUnlistedShares does not ask for PAN, application numbers or any other applicant detail.

What is the P/E ratio of the Advance Technoforge IPO?+

The P/E ratio on file for this issue is 15.22, and the post-issue P/E is 21.16, stated as of 31 Mar 2026. A reported ratio is not a view on value.

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Dates, price band, lot size, issue size and subscription figures are indicative and subject to the official Red Herring Prospectus (RHP). Application amounts shown in the fare table are arithmetic on the lot size and the upper band against SEBI's category thresholds — they are not an application facility and we do not accept IPO applications. GMP is unofficial grey-market chatter that changes daily — not a target, not a quote and not a recommendation. This page is information only: it is not an offer to deal and not investment advice. BuyUnlistedShares provides information and research, not buy/sell recommendations. All IPOs carry market risk — read the RHP and assess suitability before applying.
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TODAY'S INDICATIVE PRICES — PARAG PARIKH FINANCIAL ADVISORY SERVICES LIMITED ₹20,200 · CAPGEMINI TECHNOLOGY SERVICES INDIA LIMITED ₹10,400 · HDFC SECURITIES LIMITED ₹7,950 · NATIONAL STOCK EXCHANGE (NSE) ₹1,975 · BOAT (IMAGINE MARKETING LIMITED) ₹895 · CHENNAI SUPER KINGS (CSK) ₹249 · BIRA 91 (B9 BEVERAGES LIMITED) ₹78 · ZEPTO ₹32 · ORAVEL STAYS (OYO ROOMS) ₹24.5 · HUTTI GOLD MINES COMPANY LIMITED ₹1,19,838 — INDICATIVE, NOT AN OFFER TO DEAL —TODAY'S INDICATIVE PRICES — PARAG PARIKH FINANCIAL ADVISORY SERVICES LIMITED ₹20,200 · CAPGEMINI TECHNOLOGY SERVICES INDIA LIMITED ₹10,400 · HDFC SECURITIES LIMITED ₹7,950 · NATIONAL STOCK EXCHANGE (NSE) ₹1,975 · BOAT (IMAGINE MARKETING LIMITED) ₹895 · CHENNAI SUPER KINGS (CSK) ₹249 · BIRA 91 (B9 BEVERAGES LIMITED) ₹78 · ZEPTO ₹32 · ORAVEL STAYS (OYO ROOMS) ₹24.5 · HUTTI GOLD MINES COMPANY LIMITED ₹1,19,838 — INDICATIVE, NOT AN OFFER TO DEAL —