Advance Technoforge Limited
Fixed Price IPO · BSE
- Price band
- ₹95 - ₹95
- Lot size
- 1,200 shares
- Issue amount
- ₹24.03 cr
- Total subscription
- 1.61×
- Opens
- 27 Jul 2026
- Closes
- 29 Jul 2026
- Allotment
- 30 Jul 2026
- Listing
- 3 Aug 2026
Offer at a glance
Issue overview
- Issue size
- 25,29,600 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,14,000
- Fresh issue
- ₹24.03 cr
- Offer for sale
- ₹0 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,14,000
- Issue type
- Fixed Price IPO
- Shares before issue
- 65,00,000
- Shares after issue
- 90,29,600
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 2,400 | ₹2,28,000 |
| sHNI | 3 | 3,600 | ₹3,42,000 |
Share reservation
Subscription & GMP
Subscription by category
Reported 29 Jul 2026
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | 0 | 0 |
| NIB | 0 | 122 |
| RETAIL | 500 | 1,342 |
| EMPLOYEES | 0 | 0 |
| HNIs (2-10L) | 333 | 117 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| RETAIL | 11.4 | 30.6 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| EPS | 6.24 | 4.15 | 2.62 |
| ROE | 0 | 0 | 0 |
| ROCE | 0 | 0 | 0 |
| RONW | 30.33 | 28.2 | 24.62 |
| PRE IPO(PE) | 15.22 | 0 | 0 |
| POST IPO(PE) | 21.16 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Advance Technoforge Limited | 15.22 | 0 | 10 | 20.59 | 30.33 | 6.24 |
| Tirupati Forge Limited | 93.56 | 0 | 2 | 10.53 | 5.24 | 0.51 |
| Forge Auto International Limited | 9.39 | 0 | 10 | 63.23 | 17.00 | 9.91 |
Company information
Company profile
Incorporated in 2013, Advance Technoforge Limited (ATL) is involved in manufacturing and supplying forged and precision machined components with various coatings and treatments for industries such as automotive, oil and gas, construction, railways, and more. With over 20 years of experience, the company supplies quality products to global OEMs and focuses on delivering durable and high-performance components. Its product range includes tow hook assemblies, retainer plates, cross members, connecting rods, and end caps used in automotive, material handling, and hydraulic applications. The company uses strong materials like alloy steel and carbon steel to ensure reliability and performance under heavy conditions, and as of February 24, 2025, it had 136 employees working across manufacturing, marketing, administration, finance, and other functions.
Strengths
- Experienced Management Team: The company is led by experienced promoters and professionals with strong industry expertise, supporting efficient operations and long-term growth.
- Integrated Manufacturing & Diversified Products: It operates a fully integrated manufacturing facility and offers a wide range of products for various engineering and automotive applications.
- Large-Scale Manufacturing Capabilities: Advanced technology and in-house production processes enable the company to efficiently manufacture complex forged and precision-machined components while maintaining high quality standards.
Risk factors
- Customer Concentration Risk: A significant portion of the company's revenue comes from a limited number of key customers. Loss of major customers or reduced orders could impact revenue and profitability.
- Dependence on Limited Suppliers: The company relies on a few suppliers for steel, its key raw material. Supply disruptions or fluctuations in steel prices may affect production and margins.
- Underutilization of Manufacturing Capacity: The company's manufacturing facilities are not operating at full capacity. Lower capacity utilization may affect operational efficiency and financial performance.
Promoters
Nilesh Shambhubhai Moliya
Pradipbhai Bhikhabhai Vora
Daxaben Nileshbhai Moliya
Kajal Alpesbhai Moliya
Registrar & documents
Lead manager
Sun Capital Advisory Services (P) Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Sr. No.121, Plot No.1 to 6, At& Po. Padavala Road, Opp. Eaterflow Piping System, Veraval Shapar, Lodhika, Rajkot, Gujarat, 360024
+91 9825368310
[email protected]Company website ↗Understanding ADVANCETL IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.