Metalic Technoforge IPO- Company Analysis
Metalic Technoforge IPO under the SME IPO category is a book-build issue of Rs. 49.96 Cr by Metalic Technoforge Limited, which manufactures precision-machined and closed-die forged parts.
Complex, safety-critical forged and precision-machined items like big and small rings, ball studs, gear blanks with broaching, gears, coupling assemblies, and other essential parts for a variety of industries are part of the company's product line.
The business provides services to both domestic and international OEMs in the automotive and non-automotive industries. Automobile, tractor, and commercial vehicle manufacturers are examples of automotive OEMs. Manufacturers of general engineering items, construction machinery, hydraulic equipment, and agricultural equipment are examples of non-automotive OEMs.
Metalic Technoforge IPO Details
The Metalic Technoforge IPO date of opening is 21 Jul 2026; its initial public offering will end on 23 Jul, IPO allotment on Jul 24 and refund initiation on Jul 27, 2026.
The Rs. 49.96 crore new SME IPO comprises a wholly fresh issue of 0.65 crore shares.
The Metalic Technoforge IPO listing date (expected) might be Tuesday, Jul 28, 2026, and listing on the NSE and SME.
The Metalic Technoforge IPO price band is Rs. 72 to Rs. 77.
IPO Timetable (Tentative)
|
Events |
Date |
|
IPO Opening Date |
Jul 21, 2026 |
|
IPO Closing Date |
Jul 23, 2026 |
|
IPO Allotment Date |
Jul 24, 2026 |
|
Refund Initiation |
Jul 27, 2026 |
|
IPO Listing Date |
Jul 28, 2026 |
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Company Financials
(Amount in Cr)
|
Particulars |
31 Mar 2025 |
31 Mar 2024 |
31 Mar 2023 |
|
Assets |
65.10 |
33.67 |
21.23 |
|
Total Income |
75.64 |
51.50 |
4713 |
|
Profit After Tax |
9.03 |
4.26 |
1.26 |
|
EBITDA |
16.08 |
7.29 |
2.57 |
|
Net Worth |
17.40 |
7.72 |
3.46 |
|
Reserves and Surplus |
16.40 |
7.37 |
3.11 |
|
Total Borrowing |
17.17 |
4.70 |
2.08 |
Cash Flows
(Amount in lac)
|
Net Cash Flow |
31 Mar 2026 |
31 Mar 2025 |
31 Mar 2024 |
|
Net Cash Flow Operating Activities |
187.17 |
204.81 |
66.61 |
|
Net Cash Flow Investing Activities |
(1,757.78) |
(574.47) |
(221.76) |
|
Net Cash Flow Financing Activities |
1,569.14 |
379.30 |
158.76 |
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:
-
Funding of capital expenditure requirements of the Company towards setting up of the proposed Manufacturing Unit IV and upgradation of existing units at the manufacturing facility in Rajkot, Gujarat. ~ Rs. 30.81 Cr.
-
Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by the Company. ~ Rs. 6.72 Cr.
-
General Corporate Purposes.
Listed Peers of Metalic Technoforge Ltd.
|
Name of Company |
Face Value (₹) |
Basic & Diluted EPS (₹) |
PE Ratio (x) |
|
National Fittings Limited |
10 |
25.66 |
5.74 |
|
Tirupati Forge Limited |
10 |
0.74 |
54.70 |
|
Paramount Speciality Forgings Limited |
2 |
2.57 |
9.14 |
Valuation
|
KPI |
Value (Mar 31, 2025) |
|
ROE |
71.87% |
|
ROCE |
31.88% |
|
Debt/Equity |
1.61 |
|
RoNW |
51.88% |
|
PAT Margin |
12.14% |
|
EBITDA Margin |
21.62% |
Evaluation of P/E Ratio
Considering the period ended on FY 2025 with an EPS of Rs. 7.41 from the last year, the resulting P/E ratio is 10.39x.
Explore the Teja Engineering Industries IPO.
IPO's Strengths
-
Integrated manufacturing facility.
-
Diversified product portfolio.
-
Robust quality assurance systems.
IPO's Weaknesses
-
Geographical concentration of domestic revenue.
-
Dependence on limited suppliers.
-
Customer concentration risk.
Metalic Technoforge IPO GMP (Grey Market Premium)
Metalic Technoforge IPO GMP today has not started yet as of 16 July 2026, while writing this information.
Metalic Technoforge IPO Summary
|
IPO Opening & Closing Date |
21 Jul, 2026 to 23 Jul, 2026 |
|
Face Value |
Rs. 10 per Share |
|
Issue Price |
Rs. 72 to Rs. 77 per Share. |
|
Lot Size |
1600 Shares |
|
Issue Size |
64,88,000 Shares (Rs. 50 Cr) |
|
Offer for Sale |
- |
|
Fresh Issue |
61,60,000 Shares (Rs. 47 Cr) |
|
Listing at |
NSE, SME |
|
Issue Type |
Bookbuild Issue |
|
Registrar |
Bigshare Services Pvt. Ltd. |
IPO Lot Details
Retail investors can invest in a minimum and maximum of 2 Lots (3200 Shares) for Rs. 2,46,400, and in multiples thereof, while HNI investors can invest in a minimum of 3 Lots (4800 Shares) for Rs. 3,69,600.
|
Minimum Lot Investment (Retail) |
2 Lots |
|
Maximum Lot Investment (Retail) |
2 Lots |
|
HNI (Min) |
3 Lots |
Metalic Technoforge IPO Allotment Status
To check the Metalic 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 Metalic Technoforge Ltd.
-
Gajipara Keyur Dhirajlal
-
Trambadiya Dhaval Vrajlal
-
Vadodariya Satish Rameshbhai
-
Kapadiya Vipul K
-
Rupapara Jay Rameshbhai
-
Gajipara Ronakkumar Mansukhbhai
-
Ekta Satish Vadodariya.
|
Pre-Issue Promoter Shareholding |
83.63% |
|
Post-Issue Promoter Shareholding |
61% |
IPO Lead Managers
Smart Horizon Capital Advisors Pvt. Ltd.
Dividend Policy
The company has not declared a dividend during the last three FYs.
Conclusion
Metalic Technoforge IPO presents a growth-oriented opportunity backed by strong profitability, high ROE and planned manufacturing expansion. However, investors should consider its customer concentration, supplier dependence, geographical exposure and relatively high debt-to-equity ratio.
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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.
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Metalic Technoforge IPO Summary
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