Advance Technoforge
- Issue price
- ₹ 95
- Issue size
- ₹ 24.03 Cr.
- Min. investment
- ₹ 1,14,000
- Listing price
- ₹ 94
- Lot size
- 1,200 shares
- P/E
- 21.16
- RoNW
- 30.33%
- RoCE
- 22.52%
- PAT margin
- 8.11%
- EPS
- ₹ 4.49
- Promoter stake
- 71.99%
About
Incorporated in 2013, Advance Technoforge Limited (ATL) is engaged in the manufacturing and supplying of the forged and precision machined parts with coatings and treatments, serving industries like automotive, valves, pumps, construction, and more. With 20+ years of experience the company manufactures the qualified product lines cto global original equipment manufacturers-OEMs in Automotive, oil and gas industries, earth moving equipment, Railway etc. Products: Tow Hook Assembly - A robust component designed for securing vehicles, made from alloy steel with a polished and plated finish, suitable for US electric SUVs. Retainer Plate - A structural part used in material lifting equipment, crafted from durable carbon steel for strength and reliability. Cross Member - Provides support in material lifting equipment, made from carbon steel to ensure stability and durability under heavy loads. Connecting Rod - A key part in automotive engines, designed from carbon steel to withstand high stress and provide optimal performance. Boden (End Cap) - Used in hydraulic applications, made from carbon steel for durability and effective sealing in hydraulic systems. As of 30 June 2026, the company has 205 employees as on engaged in manufacturing, marketing, administration, financial, legal and other activities of the Company.
Timeline
- doneOpens27 Jul
- doneCloses29 Jul
- doneAllotment30 Jul
- doneListing3 Aug
Grey market premium (GMP)
GMP is an unofficial premium from the unregulated grey market. It is not published, verified or regulated by SEBI, NSE or BSE, grey market deals are not legally enforceable, and it is not a reliable indicator of the listing price. Do not apply for an IPO on the basis of GMP. It is not a recommendation of Minerva Capital Research Solutions.
- Highest
- ₹ 9 on 24 Jul 2026
- Lowest
- ₹ 3 on 31 Jul 2026
- First quoted
- ₹ 3.5 on 22 Jul 2026
Subscription
How many times each investor group bid for its share, as of 08 Aug 2026, 03:10 PM IST.
How much to apply for
The smallest and largest bids for each kind of investor at the upper price band.
| Retail (Min) | 1 | 1,200 | ₹ 1,14,000 |
| Retail (Max) | 1 | 1,200 | ₹ 1,14,000 |
| HNI (Min) | 2 | 2,400 | ₹ 2,28,000 |
Company overview
Financials
| Assets | 46.92 | 39.51 | 28.65 |
| Total Income | 50.73 | 51.16 | 48.24 |
| Profit After Tax | 4.06 | 2.7 | 1.7 |
| 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 |
Strengths
- Experienced Promoters and Senior Management
- Integrated Manufacturing Facility with diversified product portfolio
- Large-scale Manufacturing Capabilities
- Long-Standing Relationship with Interested Parties
- Strong knowledge and expertise of senior management team
Risks
- Revenue has been broadly flat (~₹48–51 cr over three years), indicating limited top-line growth.
- High leverage — borrowings of ₹17.3 cr exceed net worth of ₹13.4 cr.
- Customer and product concentration in forged and precision-machined auto/industrial parts.
- Dependence on a few large OEM relationships; loss of any could materially affect revenue.
- SME listing — lower liquidity and higher volatility.
What the money is for
| Purchase and installation of machinery for manufacturing of precision machine components at the Existing Premises (Including GST) | 7.19 |
| Part Funding of working capital requirements | 7.25 |
| Repayment / Prepayment of all or certain of borrowings availed by the Company | 2.4 |
| General Corporate purposes | 3.59 |
| Issue Expenses | 3.6 |
Promoters
- Nilesh Shambhubhai Moliya
- Pradipbhai Bhikhabhai Vora
- Daxaben Nileshbhai Moliya
- Kajal Alpesbhai Moliya
- Shraddhaben Pradipbhai Vora
Registrar, lead managers and documents
- Listing on
- BSE SME
- Face value
- ₹ 10 a share
- Registrar
- KFin Technologies Limited
- Lead managers
- Sun Capital Advisory Services (P) Ltd
IPO dates, prices, grey market premium (GMP), subscription and the company overview: IPO Guru, updated three times a day. GMP is an unofficial premium from the unregulated grey market. It is not published, verified or regulated by SEBI, NSE or BSE, grey market deals are not legally enforceable, and it is not a reliable indicator of the listing price. Do not apply for an IPO on the basis of GMP. It is not a recommendation of Minerva Capital Research Solutions.
Our recommendations are research opinions, not investment advice. Read the offer document (RHP) and consult your financial adviser before investing.