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ADVANCE · BSE · Engineering & Auto Components
Advance Technoforge IPO listed on 03 Aug 2026 on BSE at ₹94.00, a loss of 1.05% over the issue price of ₹95.00. The IPO was subscribed 1.93x overall.
Advance Technoforge IPO tentative timeline covering IPO opening, closing, basis of allotment, refunds, demat credit, and listing dates.
| Event | Date |
|---|---|
| IPO Open Date | 27 Jul 2026 |
| IPO Close Date | 29 Jul 2026 |
| Basis of Allotment | 30 Jul 2026 |
| Initiation of Refunds | 31 Jul 2026 |
| Credit of Shares to Demat | 31 Jul 2026 |
| Listing Date | 03 Aug 2026 |
Listing day gain
-1.05%
Listed at ₹94 (issue ₹95)
Issue
₹95
Listing
₹94
Current
₹89.3
-6% vs issue
Day range
₹89.3 – ₹94
Issue Size
2,529,600 shares
(aggregating up to ₹24.00 Cr)
Issue Price
₹95 – ₹95
Face Value
₹10/share
Market Lot
1,200 shares
Retail Min Investment
₹228,000
Listing At
BSE
Sale Type
fresh issue
Fresh Issue
2,400,000 shares
(aggregating up to ₹23 Cr)
Offer for Sale
[.]
Reserved for Market Maker
129,600 shares
(aggregating up to ₹1.00 Cr)
Issue Type
fixed price
Open Date
27 Jul
Close Date
29 Jul
Allotment
30 Jul
Listing
03 Aug
Last updated: 2 months ago
| Date | IPO Issue Price (₹) | GMP (₹) | Est. Listing Price (₹) | Est. Profit Amount (₹) | Est. Profit % | Last Updated |
|---|---|---|---|---|---|---|
| 02 Aug 2026 Latest | ₹95 | ₹4 | ₹99 | ₹4 |
4.21%
|
6:03 PM |
| 02 Aug 2026 | ₹95 | ₹4 | ₹99 | ₹4 |
4.21%
|
4:04 PM |
Showing the 2 most recent GMP entries.
View full GMP historyLatest snapshot: 29 Jul 2026
| Category | Subscribed (x) | No. of Applications |
|---|---|---|
| NII | 0.43x | - |
| Individual Investors | 2.68x | - |
| Total | 1.93x | - |
Showing the latest subscription snapshot.
View full subscription historyNilesh Shambhubhai Moliya, Pradipbhai Bhikhabhai Vora, Daxaben Nileshbhai Moliya, Kajal Alpesbhai Moliya are the promoters of the company.
New to lot sizes and investment limits? Read our guide on IPO lot size and minimum investment.
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | ₹228,000 |
| Retail (Max) | 2 | 2,400 | ₹228,000 |
| S-HNI (Min) | 3 | 3,600 | ₹342,000 |
| S-HNI (Max) | 8 | 9,600 | ₹912,000 |
| B-HNI (Min) | 9 | 10,800 | ₹1,026,000 |
Want to understand how IPO shares are divided between investor categories? Read our guide on IPO reservation structure.
| Category | Shares Offered |
|---|---|
| NII (HNI) Shares Offered | 1,200,000 (47.44%) |
| Individual Investors Shares Offered | 1,200,000 (47.44%) |
| Market Maker Shares Offered | 129,600 (5.12%) |
| Total Shares Offered | 2,529,600 (100.00%) |
Advance Technoforge Limited was incorporated in Rajkot, Gujarat in August 2013 as a private limited company and converted to a public limited company in September 2024. It works in the forging and precision machining sector, supplying components to the automotive, valves, pumps, construction, oil and gas, earth-moving equipment, and railway industries.
The company manufactures forged and precision machined parts with coatings and treatments, supplying qualified product lines to original equipment manufacturers. Its products include a tow hook assembly for vehicles, a retainer plate and cross member used in material lifting equipment, a connecting rod for automotive engines, and an end cap used in hydraulic applications. As of February 24, 2025, the company had 136 employees across manufacturing, marketing, administration, finance, and legal functions. The promoters are Nilesh Shambhubhai Moliya, Pradipbhai Bhikhabhai Vora, Daxaben Nileshbhai Moliya, and Kajal Alpeshbhai Moliya.
On a restated basis, the company reported total income of Rs 48.24 crore and profit after tax of Rs 1.70 crore in FY24. The IPO is a fixed price SME issue of up to 25,30,000 fresh equity shares of face value Rs 10 each, proposed for listing on BSE SME. As per the DRHP, net proceeds are proposed to be used for purchase and installation of machinery for manufacturing precision machine components at the existing premises (about Rs 6.08 crore), part-funding of working capital requirements (about Rs 5 crore), and general corporate purposes.
Standalone · ₹ in Crores
| Particulars | FY Mar 2023 | FY Mar 2024 | FY Sep 2024 |
|---|---|---|---|
| Total Revenue | 37.91 | 26.01 | 26.01 |
| Profit After Tax (PAT) | 0.75 | 1.35 | 1.35 |
| EBITDA | - | - | - |
| Total Assets | 22.17 | 29.15 | 33.28 |
| Net Worth | 5.22 | 8.28 | 8.28 |
| Reserves & Surplus | 4.73 | 1.78 | 1.78 |
| Total Borrowing | - | - | - |
Revenue & Profit Trend
Key ratios per fiscal period
| Particulars | Mar 2026 |
|---|---|
| RoNW Return on Net Worth Shows the profit earned on the company's own net worth. Steady or rising over 3 years is a good sign. | 30.33% |
The basis of allotment for Advance Technoforge IPO was finalised on 30 Jul 2026. You can check your allotment status using your PAN number or application number on the KFin Technologies Limited portal or BSE.
The Advance Technoforge IPO is expected to open in Jul 2026, subject to SEBI approval. Final dates will be updated once announced officially.
The price band for Advance Technoforge IPO is ₹95.00 - ₹95.00 per share.
As per market sources, Advance Technoforge IPO GMP is currently ₹4.00. GMP is tracked daily in the grey market. GMP indicates unofficial demand but does not guarantee listing gains.
The subscription status for Advance Technoforge IPO stands at 1.93x overall.
The listing date for Advance Technoforge IPO is 03 Aug 2026.
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