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METALIC · NSE · Industrial Products
Metalic Technoforge IPO listed on 28 Jul 2026 on NSE at ₹87.00, a gain of 12.99% over the issue price of ₹77.00. The IPO was subscribed 7.98x overall.
Metalic Technoforge IPO tentative timeline covering IPO opening, closing, basis of allotment, refunds, demat credit, and listing dates.
| Event | Date |
|---|---|
| IPO Open Date | 21 Jul 2026 |
| IPO Close Date | 23 Jul 2026 |
| Basis of Allotment | 24 Jul 2026 |
| Initiation of Refunds | 27 Jul 2026 |
| Credit of Shares to Demat | 27 Jul 2026 |
| Listing Date | 28 Jul 2026 |
Listing day gain
+12.99%
Listed at ₹87 (issue ₹77)
Issue
₹77
Listing
₹87
Current
₹83.05
+7.86% vs issue
Day range
₹82.65 – ₹90.9
Issue Size
6,488,000 shares
(aggregating up to ₹50.00 Cr)
Issue Price
₹72 – ₹77
Face Value
₹10/share
Market Lot
1,600 shares
Retail Min Investment
₹246,400
Listing At
NSE
Sale Type
fresh issue
Fresh Issue
6,160,000 shares
(aggregating up to ₹47 Cr)
Offer for Sale
[.]
Reserved for Market Maker
328,000 shares
(aggregating up to ₹3.00 Cr)
Issue Type
book building
Open Date
21 Jul
Close Date
23 Jul
Allotment
24 Jul
Listing
28 Jul
Last updated: 2 months ago
| Date | IPO Issue Price (₹) | GMP (₹) | Est. Listing Price (₹) | Est. Profit Amount (₹) | Est. Profit % | Last Updated |
|---|---|---|---|---|---|---|
| 27 Jul 2026 Latest | ₹77 | ₹6 | ₹83 | ₹6 |
7.79%
|
9:07 PM |
| 27 Jul 2026 | ₹77 | ₹6 | ₹83 | ₹6 |
7.79%
|
8:37 PM |
Showing the 2 most recent GMP entries.
View full GMP historyLatest snapshot: 23 Jul 2026
| Category | Subscribed (x) | No. of Applications |
|---|---|---|
| QIB | 4.58x | - |
| NII | 17.07x | - |
| bNII (bids above ₹10L) | 20.82x | - |
| sNII (bids below ₹10L) | 9.6x | - |
| Individual Investors | 7x | 1,225 |
| Total | 7.98x | 1,225 |
Showing the latest subscription snapshot.
View full subscription historyThe Company's promoters include Mr. Gajipara Keyur Dhirajlal, Mr. Trambadiya Dhaval Vrajlal, Mr. Vadodariya Satish Rameshbhai, Mr. Kapadiya Vipul K, Mr. Rupapara Jay Rameshbahi, Mr. Gajipara Ronakkumar Mansukhbhai, and Ms. Ekta Satish Vadodariya.
New to lot sizes and investment limits? Read our guide on IPO lot size and minimum investment.
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | ₹246,400 |
| Retail (Max) | 2 | 3,200 | ₹246,400 |
| S-HNI (Min) | 3 | 4,800 | ₹369,600 |
| S-HNI (Max) | 8 | 12,800 | ₹985,600 |
| B-HNI (Min) | 9 | 14,400 | ₹1,108,800 |
Want to understand how IPO shares are divided between investor categories? Read our guide on IPO reservation structure.
| Category | Shares Offered |
|---|---|
| QIB Shares Offered | 3,072,000 (47.35%) |
|
•
Anchor Investor Shares Offered
|
1,840,000 (28.36%) |
|
•
QIB (Ex. Anchor) Shares Offered
|
1,232,000 (18.99%) |
| NII (HNI) Shares Offered | 928,000 (14.30%) |
|
•
bNII > ₹10L
|
617,600 (9.52%) |
|
•
sNII < ₹10L
|
310,400 (4.78%) |
| Individual Investors Shares Offered | 2,160,000 (33.29%) |
| Market Maker Shares Offered | 328,000 (5.06%) |
| Total Shares Offered | 6,488,000 (100.00%) |
Incorporated in October 2016, Rajkot-headquartered Metalic Technoforge Limited (MTL) has rapidly evolved into a premier high-precision manufacturing powerhouse in Western India’s forging ecosystem. Operating out of the prominent industrial belt of Shapar (Veraval) in Gujarat, the company focuses on heavy-duty engineering solutions that bridge the gap between heavy industrial forging and microscopic dimensional accuracy.
The company addresses high-stakes execution needs across a highly diversified industrial portfolio. MTL excels in closed-die forging, automated heat treatment, and specialized precision machining using premium carbon steel, alloy steel, and non-ferrous metals like aluminum and copper. Rather than supplying generic hardware, the enterprise engineers safety-critical components including high-stress automotive connecting rods, complex camshafts, rail engine parts, and heavy suspension brackets designed to endure extreme stress.
Holding elite international quality benchmarks like IATF 16949 and PED certifications, MTL balances flawless manufacturing standards with an aggressive growth trajectory, with recent revenues scaling comfortably past the ₹50 crore milestone. As the engineering specialist files its Draft Red Herring Prospectus (DRHP) for its upcoming initial public offering on the NSE SME platform, it stands out as an innovation-driven, "Make in India" market pioneer primed to capture structural shifts in global supply chains.
Standalone · ₹ in Crores
| Particulars | FY 2023 | FY 2024 | FY Mar 2025 |
|---|---|---|---|
| Total Revenue | 47.13 | 51.5 | 75.64 |
| Profit After Tax (PAT) | 1.26 | 4.26 | 9.03 |
| EBITDA | 2.57 | 7.29 | 16.08 |
| Total Assets | 21.23 | 33.67 | 65.1 |
| Net Worth | 3.46 | 7.72 | 17.4 |
| Reserves & Surplus | 3.11 | 7.37 | 16.4 |
| Total Borrowing | 2.08 | 4.7 | 17.17 |
Revenue & Profit Trend
Key ratios per fiscal period
| Particulars | Mar 2026 |
|---|---|
| RoE Return on Equity Shows how much profit the company makes on the money shareholders have put in. 15% to 20% is healthy in most industries. | 71.87% |
| RoCE Return on Capital Employed Shows the profit earned on all the money used, shareholder funds plus loans. Matters most for factory and infrastructure heavy companies. | 31.88% |
| 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. | 51.88% |
| PAT Margin Profit After Tax Margin Out of every ₹100 of sales, how much the company keeps after paying all costs, loan interest and tax. | 12.14% |
| EBITDA Margin Earnings Before Interest, Tax, Depreciation and Amortisation Margin Profit from the main business as a share of sales, before loan interest and tax. Compare it with other companies in the same industry. | 21.62% |
| Debt / Equity Debt to Equity How much the company has borrowed against what shareholders own. Above 1x means the loans are bigger than shareholder funds. | 1.61x |
The basis of allotment for Metalic Technoforge IPO was finalised on 24 Jul 2026. You can check your allotment status using your PAN number or application number on the Bigshare Services Private Limited portal or BSE.
The Metalic 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 Metalic Technoforge IPO is ₹72.00 - ₹77.00 per share.
As per market sources, Metalic Technoforge IPO GMP is currently ₹6.00. GMP is tracked daily in the grey market. GMP indicates unofficial demand but does not guarantee listing gains.
The subscription status for Metalic Technoforge IPO stands at 7.98x overall.
The listing date for Metalic Technoforge IPO is 28 Jul 2026.
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