Advance Technoforge IPO- Company Analysis
Advance Technoforge IPO under the SME IPO category is a book-built issue of Rs. 24.03 Cr by Advance Technoforge Limited, which is involved in producing and providing quality machined and forged parts with coatings and treatments for use in a variety of sectors, including construction, automotive, valves, and pumps.
With over 20 years of experience, the company produces approved product lines for international original equipment manufacturers (OEMs) in the automotive, oil and gas, earth moving, railway, and other industries.
Goods:
- Tow Hook Assembly
- Retainer Plate
- Cross Member
- Connecting Rod
- Boden (End Cap)
Advance Technoforge IPO Details
The Advance Technoforge IPO date of opening is 27 Jul 2026; its initial public offering will end on 29 Jul, IPO allotment on Jul 30 and refund initiation on Jul 31, 2026.
The Rs. 24.03 crore new SME IPO comprises a wholly fresh issue of 0.25 crore shares.
The Advance Technoforge IPO listing date (expected) might be Monday, Aug 03, 2026, and the listing on the BSE and SME.
The Advance Technoforge IPO price band is Rs. 95.
IPO Timetable (Tentative)
|
Events |
Date |
|
IPO Opening Date |
Jul 27, 2026 |
|
IPO Closing Date |
Jul 29, 2026 |
|
IPO Allotment Date |
Jul 30, 2026 |
|
Refund Initiation |
Jul 31, 2026 |
|
IPO Listing Date |
Aug 03, 2026 |
Click to open demat account and apply for the IPO.
Company Financials (Restated)
(Amount in Cr)
|
Particulars |
31 Mar 2026 |
31 Mar 2025 |
31 Mar 2024 |
|
Assets |
46.92 |
39.51 |
28.65 |
|
Total Income |
50.73 |
51.16 |
48.24 |
|
Profit After Tax |
4.06 |
2.70 |
1.70 |
|
EBITDA |
8.35 |
5.52 |
3.86 |
|
Net Worth |
13.38 |
9.56 |
6.93 |
|
Reserves and Surplus |
7.19 |
3.13 |
6.44 |
|
Total Borrowing |
17.29 |
17.51 |
11.19 |
Cash Flows
(Amount in lac)
|
Net Cash Flow |
31 Mar 2026 |
31 Mar 2025 |
31 Mar 2024 |
|
Net Cash Flow Operating Activities |
445.14 |
378.60 |
18.88 |
|
Net Cash Flow Investing Activities |
(270.75) |
(880.49) |
(182.26) |
|
Net Cash Flow Financing Activities |
(175.13) |
502.79 |
166.97 |
Revenue Bifurcation
(Rs. in Lac)
(Source: RHP)
The Objective of the Issue
The Company desires to use the Net Proceeds from the Issue to fulfill its following goals:
- Purchase and installation of machinery for manufacturing of precision machine components at the Existing Premises (Including GST). ~ Rs. 7.19 Cr.
- Part Funding of working capital requirements. ~ Rs. 7.25 Cr.
- Repayment / Prepayment of all or certain of borrowings availed by the Company. ~ Rs. 2.40 Cr.
- General Corporate purposes. ~ Rs. 3.59 Cr.
- Issue Expenses. ~ Rs. 3.60 Cr.
Listed Peers of Advance Technoforge Ltd.
|
Name of Company |
Face Value (₹) |
Basic EPS (₹) |
PE Ratio (x) |
|
Tirupati Forge Limited |
2 |
0.51 |
93.56 |
|
Forge Auto International Limited |
10 |
9.91 |
9.39 |
Evaluation of P/E Ratio
Considering the period ended on FY 2026 with an EPS of Rs. 6.24 from the last year, the resulting P/E ratio is 15.22x.
Explore the Teja Engineering Industries IPO.
IPO's Strengths
- Experienced Promoters and Senior Management
- Integrated Manufacturing Facility with diversified product portfolio
- Large-scale Manufacturing Capabilities
- Long-Standing Relationship with Interested Parties.
IPO's Weaknesses
- Difficulty in accessing other potential international buyers
- Low Labour Productivity
- Resource Limitation
- High Capital Investment.
Advance Technoforge IPO GMP
Advance Technoforge IPO GMP today is Rs. 8 as of 24 July 2026, at the time of writing.
Advance Technoforge IPO Summary
|
IPO Opening & Closing Date |
27 Jul, 2026 to 29 Jul, 2026 |
|
Face Value |
Rs. 10 per Share |
|
Issue Price |
Rs. 95 per Share. |
|
Lot Size |
1200 Shares |
|
Issue Size |
25,29,600 Shares (Rs. 24 Cr) |
|
Offer for Sale |
- |
|
Fresh Issue |
24,00,000 Shares (Rs. 23 Cr) |
|
Listing at |
BSE, SME |
|
Issue Type |
Bookbuild Issue |
|
Registrar |
Kfin Technologies Ltd. |
IPO Lot Details
Retail investors can invest in a minimum and maximum of 2 Lots (2400 Shares) for Rs. 2,28,000, and in multiples thereof, while HNI investors can invest in a minimum of 3 Lots (3600 Shares) for Rs. 3,42,000.
|
Minimum Lot Investment (Retail) |
2 Lots |
|
Maximum Lot Investment (Retail) |
2 Lots |
|
HNI (Min) |
3 Lots |
Advance Technoforge IPO Allotment Status
To check the Advance Technoforge IPO Allotment Status, visit the official Registrar’s website or BSE website. Below are the website links for you.
Using BSE Website - BSE IPO allotment status
Promoters And Management of Advance Technoforge Ltd.
- Nilesh Shambhubhai Moliya
- Pradipbhai Bhikhabhai Vora
- Daxaben Nileshbhai Moliya
- Kajal Alpesbhai Moliya
- Shraddhaben Pradipbhai Vora
|
Pre-Issue Promoter Shareholding |
100% |
|
Post-Issue Promoter Shareholding |
71.99% |
IPO Lead Managers
- Sun Capital Advisory Services Pvt. Ltd.
Dividend Policy
The company has not declared a dividend during the last three FYs.
Conclusion
Advance Technoforge IPO offers investors exposure to a growing precision forging and machined components manufacturer with improving profitability and diversified industry clients. The IPO appears reasonably valued at a P/E ratio of 15.22x, although investors should consider its borrowing levels, capital-intensive operations and SME market risks.
Other Related Blogs:-
Gulf Lloyds IPO
Finowings IPO Analysis
Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO.
You must consult your financial advisor before making any financial decisions.
To Apply for the IPO, Click Here.
To Read the Prospectus of the company, click here to download the DRHP.
Click Here To Stay Updated With The Upcoming IPOs.
DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.
-Textiles-IPO.webp)
