Advance Technoforge SME IPO
Advance Technoforge IPO — date, price band, lot size & details 2026
Advance Technoforge listed on 3 Aug 2026 at ₹94, 1.1% below the ₹95 issue price.
Everything you need to know about the Advance Technoforge IPO. Track the latest updates, GMP trends, and subscription status.
Stock price
Advance Technoforge is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 24 October.
- Open 27 Jul 2026
- Close 29 Jul 2026
- Allotment 30 Jul 2026
- Refund/credit TBA
- Listing 03 Aug 2026
Issue summary
The terms of the offer, as filed.
| IPO Dates | 27 to 29 Jul, 2026 |
|---|---|
| Price Band | ₹95 |
| Face Value | ₹10 |
| Lot Size | 1200 Shares |
| Issue Size | ₹24.03 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE SME |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 2,28,000 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 1200 shares at the ₹95 cut-off. The SME retail application is a fixed 2 lots; HNI starts at 3.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 2 | 2,400 | ₹2,28,000 |
| Retail (max) | 2 | 2,400 | ₹2,28,000 |
| HNI (min) | 3 | 3,600 | ₹3,42,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Experienced Promoters and Senior Management
- 02Integrated Manufacturing Facility with diversified product portfolio
- 03Large-scale Manufacturing Capabilities
- 04Long-Standing Relationship with Interested Parties
- 05Strong knowledge and expertise of senior management team
Risks · 5
- 01Revenue has been broadly flat (~₹48–51 cr over three years), indicating limited top-line growth.
- 02High leverage — borrowings of ₹17.3 cr exceed net worth of ₹13.4 cr.
- 03Customer and product concentration in forged and precision-machined auto/industrial parts.
- 04Dependence on a few large OEM relationships; loss of any could materially affect revenue.
- 05SME listing — lower liquidity and higher volatility.
Three years of numbers
All figures in ₹ crore, as reported in the Advance Technoforge offer document.
| Metric | 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 |
See how this IPO compares — view listing performance of all SME IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Advance Technoforge RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Advance Technoforge IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Post-Issue |
|---|---|
| EPS (₹) | ₹4.49 |
| P/E Ratio (x) | 21.16 |
| Market Cap at Offer Price (₹ Cr) | ₹85.90 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹95 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹24.03 Cr of the issue is earmarked to named objects.
About the company
Interested in this IPO? Check the live subscription status or browse all upcoming SME IPOs.
9825368310
The bankers & the filings
Who is running the book, and the documents this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Sun Capital Advisory Services (P) Ltd
1 issue handled1 of their issues has listed so far, and 0 opened above the issue price (average -20%). That is too small a sample to read as a hit rate.
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Advance Technoforge?
The current Grey Market Premium is ₹3, or 3.2% over the issue price.
What is the Advance Technoforge IPO price band?
₹95, on a face value of ₹10.
When is the allotment?
The basis of allotment is 30 July 2026, with listing on 3 August 2026.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every SME and Mainboard issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
