Metalic Technoforge
28 Jul '26SME
Min. Investment
₹2,30,400
Issue size
₹49.96 Cr
GMP
Locked
Overall subscription: 0.33x
Expert verdict
IPO dates
21 Jul
Opening
23 Jul
Closing
24 Jul
Allotment
28 Jul
Listing
*Refunds will be initiated on 24 Jul '26
IPO quota
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 3200 | ₹2,46,400 |
Subscription (as on 21 July 2026, 06:30 PM)
Overall0.33x
Qualified institutional buyers
Non-Institutional Buyers
Retail Investors
Employee
About company
Founded: 2016|MD: Mr Gajipara Keyur Dhirajlal
- Metalic Technoforge Limited is engaged in the manufacturing of closed die forged and precision-machined components. Its product portfolio includes big rings, small rings, ball studs, gear blanks with broaching, gears, coupling assemblies, shafts, transmission components, hydraulic application components, and other forged and machined parts used across automotive and non-automotive industries.
- The company primarily supplies original equipment manufacturers (OEMs) in sectors such as automobiles, tractors, commercial vehicles, agricultural equipment, hydraulic equipment, construction machinery, oil and gas, and general engineering. Its operations cover die manufacturing, forging, heat treatment, shot blasting, precision machining, testing, and quality assurance.
- Metalic Technoforge operates a manufacturing facility in Rajkot, Gujarat, comprising four units, three of which are operational and one planned for future expansion. The company also operates a 1 MW solar power plant in Gujarat that currently meets a portion of its manufacturing facility’s energy requirements.
- Use of proceeds:
- This is a fresh issue of shares. Therefore, the net proceeds from the fresh issue will go to the company. They will be utilised for the following purposes:
- Setting up manufacturing unit IV and upgradation of existing units at Rajkot, Gujarat — Rs 30.81 crore
- Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by the company — Rs 6.72 crore
- General corporate purposes
Issue Details & Objective
Lot size
1600 Shares
Price band
₹72 to 77
Face value
₹10 per share
Financials
IPO reservation
Anchor investor - 28.36%
QIB - 18.99%
HNI - 14.30%
Retail - 33.29%
Download DRHP (IPO Doc)FAQs
Our SEBI-registered investment advisors give out verdicts for each IPO. You can refer to their expert verdict at the top of this page. Please note that these verdicts are for informational purposes only and should not be construed as investment advice. Markets are subject to risk, and investors should exercise their own discretion and diligence.
The issue size of Metalic Technoforge IPO is ₹49.96 Cr
The Metalic Technoforge IPO will be open for applications from 21 Jul '26 to 23 Jul '26
The lot size of Metalic Technoforge IPO is 1600 Shares and its minimum investment amount is ₹2,30,400.
Grey market premium (GMP) is a premium amount at which grey market IPO shares are traded before they get listed in the stock exchange. The GMP for Metalic Technoforge IPO is null
