Summary
Metallic Technoforge IPO is issuing 68,44,000 shares to the public on the NSE SME market.
Bidding is set from 21st July 2026 to 23rd July 2026, with a price band from ₹72 to ₹77 a share.
The Metalic Technoforge IPO is an upcoming NSE SME IPO that intends to raise funds by issuing 64,88,000 equity shares in a fresh issue. The issue is scheduled to commence its public subscription from 21st July 2026 to 23rd July 2026, and has a price range of ₹72 to ₹77 for each share.
Metalic Technoforge is a company functioning in the area of precision engineering by providing forged and machined parts to other industries. Before investing, it is advisable to know the company fundamentals and other necessary information for its RHP.
Metalic Technoforge IPO Key Details
Review the essential information about the Metalica Technoforge IPO.
| Subscription Open | 21 July 2026 |
| Subscription Close | 23 July 2026 |
| Face value | ₹10 each share |
| Price Band | ₹72 to ₹77 |
| IPO Lot Size | 1,600 shares |
| Fresh issue | 64,88,000 fresh equity shares |
| Type of issue | Book-building SME IPO |
| Listing at | NSE SME |
Metalic Technoforge IPO Timeline
Track the important dates, including subscription, allotment, listing, and refund of the Metalic Technoforge IPO shares.
| IPO Open Date | 21 July 2026 |
| IPO Close Date | 23 July 2026 |
| Tentative Allotment | 24 July 2026 |
| Initiation of Refunds | 24 July 2026 |
| Credit of Shares to Demat | 27 July 2026 |
| Tentative Listing Date | 28 July 2026 |
| UPI Mandate Confirmation | 23 July 2026 |
Key Performance Indicators of Metalic Technoforge IPO
Take a closer look at the important ratios of the Metalic Technoforge IPO.
| FY 2025-26 | FY 2024-25 | FY 2023-24 | |
| ROE (%) | 48.66 | 71.87 | 76.27 |
| ROCE (%) | 30.38 | 31.88 | 37.01 |
| Debt Equity (in times) | 0.95 | 1.61 | 1.40 |
| RoNW (%) | 37.00 | 51.88 | 55.21 |
| PAT Margin (%) | 12.94 | 12.14 | 8.39 |
| EBITDA margin (%) | 22.97 | 21.62 | 14.34 |
| Price Book Value | 4.03 | 7.52 |
Metalic Technoforge IPO Financial Details
Listed are the company’s revenue, assets, and profit over the last three years.
| 31-03-2026 | 31-03-2025 | 31-03-2024 | |
| Revenue | 9,798.32 | 7,563.73 | 5,149.60 |
| Total Asset | 9,206.61 | 6,509.87 | 3,366.88 |
| Profit | 1,236.44 | 902.81 | 426.41 |
(Amount in ₹ Lakhs)
Metalic Technoforge IPO Subscription Status
| Date | QIB (Ex Anchor) | NII* | Individual Investors | Total |
|---|---|---|---|---|
| Jul 21 (Day 1) | 0.00 | 0.30 | 0.62 | 0.37 |
| Jul 22 (Day 2) | 0.48 | 0.63 | 1.16 | 0.85 |
| Jul 23 (Day 3) | 0.60 | 1.62 | 2.30 | 1.67 |
Metalic Technoforge Grey Market Premium (GMP)
The latest GMP update of the Metalic Technoforge shows an estimated listing price of ₹0. This shows that the issues have not formed any estimated listing gains.
| GMP Date | GMP | Est. Listing Price (cap price + GMP) | Est. Profit* | Last Updated |
|---|---|---|---|---|
| 23-07-2026 Close | ₹0 ─ | ₹77 (0.00%) | ₹0 | 23-Jul-2026 11:58 |
| 22-07-2026 | ₹0 ─ | ₹77 (0.00%) | ₹0 | 22-Jul-2026 23:29 |
| 21-07-2026 Open | ₹0 ─ | ₹77 (0.00%) | ₹0 | 21-Jul-2026 23:35 |
| 20-07-2026 | ₹0 ─ | ₹77 (0.00%) | ₹0 | 20-Jul-2026 23:33 |
| 19-07-2026 | ₹0 ─ | ₹77 (0.00%) | ₹0 | 19-Jul-2026 23:30 |
| 18-07-2026 | ₹0 ─ | ₹77 (0.00%) | ₹0 | 18-Jul-2026 23:29 |
| 17-07-2026 | ₹0 ─ | ₹77 (0.00%) | ₹0 | 17-Jul-2026 23:35 |
| 16-07-2026 | ₹0 ─ | ₹77 (0.00%) | ₹0 | 16-Jul-2026 23:36 |
The GMP displays the current market value of the shares issued in the official market. It is subject to change often.
Metalic Technoforge Reservation
Check how the IPO shares are allocated amongst the prospective investor categories.
| Investor Category | Offered No. of Shares | Net issue (%) | Total issue(%) |
| Market maker | 3,28,000 | 5.06 | |
| QIBs | 30,72,000 | 49.87 | 47.37 |
| NIIs | 9,28,000 | 15.06 | 14.30 |
| Retails | 21,60,000 | 35.06 | 33.29 |
| Total | 64,88,000 | 100% | 100% |
Metalic Technoforge IPO Lot Sizes
Check the lot requirements and minimum amounts for different investor categories.
| Application | Lot | Shares | Amount in ₹ |
| Individual Investor IND (Min) | 2 | 3,200 | ₹2,46,400 |
| Individual Investor IND (Max) | 2 | 3,200 | ₹2,46,400 |
| sHNI (Min) | 3 | 4,800 | ₹3,69,600 |
| sHNI (Max) | 8 | 12,800 | ₹9,85,600 |
| bHNI (Min) | 9 | 14,400 | ₹11,08,800 |
Metalic Technoforge IPO Prospectus
Access the DRHPM and RHP of the Metalic Technoforge IPO for detailed information.
About Metalic Technoforge Ltd.
Metalic Technoforge Ltd., which was established in 2016, produces parts for automotive and industrial purposes, including closed-die forging and precision machining. The products include gears, gear blanks, couplings, rings, ball studs, and many other types of components. These are supplied to the original equipment manufacturer (OEM) in India and overseas.
Metallic Technoforge Ltd follows an integrated manufacturing process that entails activities such as die making, forging, heat treatment, machining, testing, and quality inspection of the products. The company has widened its customer base from automotive to agriculture, construction machinery, hydraulics, marine, and general engineering industries.
Promoters:
- Gajipara Keyur Dhirajlal
- Trambadiya Dhaval Vrajlal
- Vadodariya Satish Rameshbhai
- Kapadiya Vipul K
- Gajipara Ronakkumar Mansukhbhai
- Rupapara Jay Rameshbhai
- Ekta Satish Vadodariya
| Book Runner | Smart Horizon Capital Advisors Pvt. Ltd. |
| Issue Registrar | Bigshare Services Pvt. Ltd |
Purpose of Metalic Technoforge IPO
The company intends to deploy the funds raised through this public issue toward specific operational and strategic goals, as detailed in the table below.
| Particulars | Amount in ₹ Lakhs |
| For capital expenditure for setting up the proposed manufacturing units | 3,081.13 |
| For repayment of outstanding borrowings | 672.00 |
| General Corporate Purpose | – |
| Total | – |
Metalic Technoforge Ltd.- Strengths and benefits
- Manufacturing integration: There are multiple manufacturing processes performed within the same facility, enhancing its operational efficiency and quality control.
- Customer diversification: The company serves a wide variety of customers, from automotive to agriculture, hydraulics, and engineering. This reduces over-reliance on a single customer base.
- Export operations: Apart from domestic clients, the company sells its products in international markets, providing another growth potential.
- Quality focus: The company has strict testing and inspection mechanisms during its manufacturing process. This is necessary for its OEM customer, who has stringent quality demands.
Metalic Technoforge Ltd.- Risks and limitations
- Dependency on manufacturing industries: the vast majority of revenue comes from industries, including engineering, construction equipment, and automobiles. Any negative trend in these industries can directly affect the business.
- Customer concentration risk: Revenues are highly dependent on the number of core members. Loss of key customers and their orders may negatively impact future profitability.
- Heavy competition: The forging and precision-machining industries are highly competitive. There are local and organised manufacturers, both competing for OEM orders.
Metalic Technoforge IPO Review
Metalic Technoforge is involved in niche manufacturing, providing precision forged and machined parts to a variety of customers. The manufacturing, along with its diversified customer base and operations in domestic and international markets, forms a fair basis for future growth.
The company is engaged in a cyclic manufacturing industry in which demand depends on industrial and automotive activities. Prospective investors must study the financials and the risks associated with the company.
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Metalic Technoforge FAQs
The Metalic Technoforge IPO is an NSE SME book-building public issue through which the company plans to raise funds by issuing 64.88 lakh fresh equity shares.
You can apply through your bank’s ASBA facility or via your stockbroker’s online trading platform using the UPI payment option before the subscription closes.
The IPO’s suitability depends on your investment objectives and risk appetite. Investors should evaluate the company’s financial performance, valuation, growth prospects, and risks mentioned in the RHP before making a decision.
The IPO opens for subscription on 21 July 2026 and closes on 23 July 2026.
The minimum application size is 2 lots, comprising 3,200 shares, requiring an investment of ₹2,46,400 at the upper price band.
The tentative basis of allotment is expected to be finalised on 24 July 2026.
The shares are tentatively scheduled to be listed on the NSE SME platform on 28 July 2026.
