Metalic Technoforge IPO: dates, price band, lot size and GMP
Metalic Technoforge IPO listed on 28 Jul at ₹87 (NSE SME). Issue dates 21 – 23 Jul 2026, price band ₹77, lot 1,600 shares. The shares now trade on the exchange; any pre-IPO price on this site is historical.
Listing: Metalic Technoforge listed on 28 Jul 2026 on NSE SME at ₹87, +₹10 (+13.0%) against the ₹77 upper band. Metalic Technoforge IPO listing date, price and gain · Recently listed IPOs
Updated 17 Oct 2026, 22:10 IST. Unofficial grey-market figures, dated.
BuyUnlistedShares tracks 208 IPOs on its calendar; the Metalic Technoforge IPO has a price band of ₹77, a lot of 1,600 shares and no grey-market premium reported yet as of 17 Oct 2026.
Key details
| Board | SME |
|---|---|
| Issue dates | 21 – 23 Jul 2026 |
| Price band | ₹77 |
| Lot size | 1,600 shares |
| Issue size | ₹49.96 Cr |
| Fresh issue | ₹47.43 Cr |
| Subscription | 8.47x |
| Registrar | Bigshare Services Pvt.Ltd. |
| Lead managers | Smart Horizon Capital Advisors Pvt.Ltd. |
| Status | Listed |
Timeline
- Issue opens: 21 Jul
- Issue closes: 23 Jul
- Allotment: 24 Jul
- Refunds: 24 Jul
- Demat credit: 27 Jul
- Listing: 28 Jul
Live subscription
| Category | Subscribed |
|---|---|
| QIB | 4.58x |
| NII | 17.07x |
| sNII | 9.6x |
| bNII | 20.82x |
| Retail | 7x |
| Total | 8.47x |
Last updated 23 Jul 2026, 6:55 PM IST.
Issue details
| Face value | ₹10 |
|---|---|
| Issue type | Book Build Issue |
| Listing at | NSE SME |
| Market cap at the upper band | ₹184.68 Cr |
| P/E (pre-issue) | 10.9x |
| P/E (post-issue) | 14.94x |
| Fresh issue (shares) | 61,60,000 |
| Total shares offered | 61,60,000 |
| Promoter holding pre-issue | 83.62% |
| Promoter holding post-issue | 61% |
| Promoters | Gajipara Keyur Dhirajlal, Trambadiya Dhaval Vrajlal, Vadodariya Satish Rameshbhai, Kapadiya Vipul K, Rupapara Jay Rameshbahi, Gajipara Ronakkumar Mansukhbhai, Ekta Satish Vadodariya |
| Lead managers | Smart Horizon Capital Advisors Pvt.Ltd. |
| Registrar phone | 8657578989/8069219065/8069219060 |
| Registrar email | ipo@bigshareonline.com |
| Company website | metalictechnoforge |
| Anchor bid date | 20 Jul 2026 |
| Anchor lock-in ends (50%) | 23 Aug 2026 |
| Anchor lock-in ends (remaining) | 22 Oct 2026 |
Lot sizes by investor category
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (minimum) | 2 | 3,200 | ₹2,46,400 |
| Retail (maximum) | 2 | 3,200 | ₹2,46,400 |
| sNII (minimum) | 3 | 4,800 | ₹2,46,400 |
| bNII (minimum) | 3 | 4,800 | ₹11,08,800 |
Reservation
| Category | Share of issue | Shares offered | Basis |
|---|---|---|---|
| Anchor Investor | 29.9% | 18,40,000 | |
| QIB | 20% | 12,32,000 | Not more than 50% of the Net Issue |
| NII (HNI) | 15.1% | 9,28,000 | Not less than 15% of the Net Issue. |
| sNII | 5% | 3,10,400 | |
| bNII | 10% | 6,17,600 | |
| Retail | 35.1% | 21,60,000 | Not less than 35% of the Net Issue. |
| Market Maker | 5.3% | 3,28,000 |
Subscription by day
| Day | QIB | NII | sHNI | bHNI | Retail | Total |
|---|---|---|---|---|---|---|
| Day 1 · 23 Jul | 4.58x | 17.07x | 9.60x | 20.82x | 7.00x | 8.47x |
Key ratios as of 31 Mar 2026
| EPS (pre-issue) | ₹7.07 |
|---|---|
| EPS (post-issue) | ₹5.16 |
| P/E (pre-issue) | 10.9x |
| P/E (post-issue) | 14.94x |
| RoNW | 37% |
| RoCE | 30.38% |
| RoE | 48.66% |
| PAT margin | 12.94% |
| EBITDA margin | 22.97% |
| Price / book | 4.03x |
| NAV per share | ₹19.1 |
| Debt / equity | 0.95 |
| Market cap (upper band) | ₹184.68 Cr |
Financials (₹ Cr)
| Metric | FY26 | FY25 | FY24 | FY26 vs FY25 |
|---|---|---|---|---|
| Assets | 92.09 | 65.1 | 33.67 | +41.5% |
| Total Income | 97.98 | 75.64 | 51.5 | +29.5% |
| Profit After Tax | 12.36 | 9.03 | 4.26 | +36.9% |
| EBITDA | 21.95 | 16.08 | 7.29 | +36.5% |
| NET Worth | 33.42 | 17.4 | 7.72 | +92.1% |
| Reserves and Surplus | 15.92 | 16.4 | 7.37 | −2.9% |
| Total Borrowing | 31.78 | 27.97 | 10.81 | +13.6% |
About Metalic Technoforge
Metalic Technoforge Ltd. is engaged in the manufacturing of closed-die forged and precision-machined engineering components for a diverse range of industrial applications. The company specializes in producing high-precision parts that require stringent quality standards and reliable performance. Its product portfolio comprises a variety of forged and machined components, including large and small rings, ball studs, gear blanks with broaching, gears, coupling assemblies, and other critical engineered products. Many of these components are designed for applications where safety, durability, and precision are essential.
The company supplies its products to both domestic and international Original Equipment Manufacturers (OEMs) operating across automotive and industrial sectors. Its automotive customer base includes manufacturers of passenger vehicles, commercial vehicles, and tractors, while its non-automotive clientele includes companies engaged in agricultural machinery, hydraulic systems, construction equipment, and general engineering industries. Metalic Technoforge operates its manufacturing facility in Rajkot, Gujarat, where it undertakes forging and machining operations to meet customer specifications and industry requirements.
As of March 1, 2026, the company had a confirmed order book valued at approximately ₹2,447.06 lakhs, providing visibility for future business operations. As of February 28, 2026, Metalic Technoforge Ltd. employed 188 personnel across its manufacturing facility and corporate office, supporting production, administration, and business functions. Business Highlights Manufacturer of closed-die forged and precision-machined engineering components. Diverse product range serving both automotive and industrial applications. Customer base includes domestic and international OEMs. Manufacturing facility strategically located in Rajkot, Gujarat.
Established order book providing revenue visibility and business continuity.
Objects of the issue
- 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 — ₹30.81 Cr
- Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by the Company. — ₹6.72 Cr
- General Corporate Purpose — ₹5.94 Cr
- Issue Expenses — ₹6.49 Cr
Net proceeds: ₹49.96 Cr
Peer comparison
| Company | EPS (Basic) | EPS (Diluted) | NAV (₹ per share) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Metalic Thermoforminge Ltd | 7.12 | 7.12 | 19.1 | — | 37% | — | — |
| Amic Forging Ltd | 26.78 | 26.78 | 197.6 | 66.91x | 13.31% | 9.09 | — |
| Tirupati Forge Limited | 0.51 | 0.51 | 10.53 | 135.43x | 4.72% | 6.9 | — |
| Paramount Speciality Forgings Limited | 2.16 | 2.16 | 28.57 | 14.93x | 7.57% | 1.14 | — |
Notes: The figures for our company are based on Restated Financial Statements for the year ended March 31, 2026, after considering the bonus issue. P/E Ratio has been computed based on their respective closing market price on July 13, 2026, as divided by the Basic EPS as on March 31, 2026. RoNW is calculated as Restated Profit for the year attributable to equity shareholders divided by the Net Worth of our Company.
Offer documents: DRHP (PDF) · RHP (PDF)
Frequently asked questions
When does the Metalic Technoforge IPO open and close?
The issue is scheduled for 21 – 23 Jul 2026.
What is the Metalic Technoforge IPO price band?
The price band is ₹77 per share with a lot size of 1,600 shares.
How big is the Metalic Technoforge IPO?
The total issue size is ₹49.96 Cr.
When will Metalic Technoforge list?
The tentative listing date is 28 Jul on the SME platform.
How do I apply for the Metalic 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), Metalic Technoforge · as filed with SEBI · nsearchives.nseindia.com
- Red herring prospectus (RHP), Metalic Technoforge · as filed · nsearchives.nseindia.com
- Registrar allotment page, Bigshare Services Pvt.Ltd. · allotment 24 Jul · ipo.bigshareonline.com
- NSE public issues page · listing 28 Jul · nseindia.com
- Metalic Technoforge company website · metalictechnoforge
- BuyUnlistedShares IPO record: GMP, subscription and allotment, dated daily · GMP as of 28 Jul, 06:00 · buyunlistedshares.com
How to cite this page: BuyUnlistedShares, “Metalic Technoforge IPO”, https://buyunlistedshares.com/ipo/metalic-technoforge-ipo, as of 17 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 17 Oct 2026.
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