Metalic Technoforge Limited
Bookbuilding IPO · NSE
- Price band
- ₹72 - ₹77
- Lot size
- 1,600 shares
- Issue amount
- ₹49.95 cr
- Total subscription
- 8.55×
- Opens
- 21 Jul 2026
- Closes
- 23 Jul 2026
- Allotment
- 24 Jul 2026
- Listing
- 28 Jul 2026
Offer at a glance
Issue overview
- Issue size
- 64,88,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,15,200
- Fresh issue
- ₹49.95 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,23,200
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,74,96,400
- Shares after issue
- 2,39,84,400
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 3,200 | ₹2,46,400 |
| sHNI | 3 | 4,800 | ₹3,69,600 |
| bHNI | 9 | 14,400 | ₹11,08,800 |
Share reservation
Subscription & GMP
Subscription by category
Reported 23 Jul 2026
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | 0 | 20 |
| NIB | 0 | 1,428 |
| RETAIL | 675 | 4,724 |
| HNIs(10L +) | 129 | 855 |
| HNIs (2-10L) | 65 | 573 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 9.49 | 43.48 |
| FIIs | 0 | 3.09 |
| FIs | 0 | 0.33 |
| Others | 0 | 40.05 |
| RETAIL | 16.63 | 116.4 |
| HNIs 2+ | 2.39 | 22.95 |
| HNIs 10+ | 4.76 | 101.54 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| EPS | 7.12 | 6.93 | 7.17 |
| ROE | 0 | 0 | 0 |
| ROCE | 0 | 0 | 0 |
| RONW | 37 | 51.88 | 55.21 |
| PRE IPO(PE) | 10.9 | 0 | 0 |
| POST IPO(PE) | 14.94 | 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) (₹) |
|---|---|---|---|---|---|---|
| Amic Forging Limited | 66.91 | 1,791.90 | 10 | 197.6 | 13.31 | 26.78 |
| Tirupati Forge Limited | 135.43 | 69.07 | 2 | 10.53 | 4.72 | 0.51 |
| Paramount Speciality Forgings Limited | 14.93 | 32.25 | 10 | 28.57 | 7.57 | 2.16 |
| Metalic Technoforge Limited | 7.07 | 77.00 | 10 | 19.1 | 37.00 | 7.12 |
Company information
Company profile
Incorporated in October 2016, Metalic Technoforge Ltd. is engaged in manufacturing closed-die forged and precision-machined components. The company produces a variety of complex and safety-critical parts such as rings, ball studs, gear blanks, gears, coupling assemblies, and other essential components used across industries. It supplies products to both domestic and international OEMs in sectors like automotive, including cars, tractors, and commercial vehicles, as well as non-automotive industries such as agriculture, construction, hydraulics, and general engineering. The company’s manufacturing unit is located in Rajkot, Gujarat, and as of March 1, 2026, it has an order book of around ₹2,447.06 lakhs. As of February 28, 2026, the company had a total workforce of 188 employees.
Strengths
- Integrated Manufacturing Facility: The company has a fully integrated manufacturing setup that includes forging, machining, heat treatment, testing, and quality control, ensuring efficient operations and timely deliveries.
- Diversified Product Portfolio: It manufactures a wide range of forged and precision-machined components for both automotive and non-automotive industries, reducing dependence on a single sector.
- Strong Quality Assurance Systems: The company follows strict quality control processes and holds recognized certifications, helping maintain consistent product quality and customer satisfaction.
Risk factors
- Geographical Concentration Risk: A large share of the company's domestic revenue comes from Gujarat, Maharashtra, and Uttar Pradesh. Any economic or industry slowdown in these regions could affect business performance.
- Dependence on Limited Suppliers: The company relies on a few suppliers for key raw materials. Supply disruptions, quality issues, or price increases could impact operations and profitability.
- Customer Concentration Risk: A significant portion of revenue comes from a limited number of customers. Losing key customers or receiving fewer orders from them could affect revenue and growth.
Promoters
Mr. Gajipara Keyur Dhirajlal
Mr. Trambadiya Dhaval Vrajlal
Mr. Vadodariya Satish Rameshbhai
Mr. Kapadiya Vipul K
Mr. Rupapara Jay Rameshbahi
Mr. Gajipara Ronakkumar Mansukhbhai
Ms. Ekta Satish Vadodariya
Registrar & documents
Lead manager
Smart Horizon Capital Advisors Private Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Metalic Technoforge Ltd. Sr. No.-129/1 P4(New Survey no. 296), Plot No.-5&6 Padavala Main Road, Opp. Electric Power House, Kot VillagePadavala, Veraval (Shapar), Kotda Sanghani Rajkot, Gujarat, 360024
+91- 9033332532
[email protected]Company website ↗Understanding METALIC 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.