Comparison between Advance Technoforge IPO and Mehul Colours IPO.
Advance Technoforge IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Mehul Colours IPO is a SME Bookbuilding proposed to list at BSE SME.
| Advance Technoforge IPO | Mehul Colours IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Bookbuilding |
| Listing At | BSE SME | BSE SME |
| Lead Managers | Sun Capital Advisory Services Pvt.Ltd. | Seren Capital Pvt.Ltd. |
| Registrar | Kfin Technologies Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | JSK Securities & Services Pvt.Ltd. | Asnani Stock Broker Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL |
The total issue size of Advance Technoforge IPO is up to ₹22.80 Cr whereas the issue size of the Mehul Colours IPO is up to ₹20.56 Cr. The final issue price of Advance Technoforge IPO is ₹95.00 per share and of Mehul Colours IPO is ₹72.00 per share.
| Advance Technoforge IPO | Mehul Colours IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹68.00 per share | |
| Issue Price (Upper) | ₹72.00 per share | |
| Issue Price (Final) | ₹95.00 per share | ₹72.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1200 shares | 1600 shares |
| Fresh Issue Size | 24,00,000 shares | 28,56,000 shares |
| Fresh Issue Size (Amount) | up to ₹22.80 Cr | up to ₹20.56 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 24,00,000 shares | 28,56,000 shares |
| Issue Size Total (Amount) | up to ₹22.80 Cr | up to ₹20.56 Cr |
Advance Technoforge IPO opens on Jul 27, 2026, while Mehul Colours IPO opens on Jul 30, 2025. The closing date of Advance Technoforge IPO and Mehul Colours IPO is Jul 29, 2026, and Aug 01, 2025, respectively.
| Advance Technoforge IPO | Mehul Colours IPO | |
|---|---|---|
| Anchor Bid Date | Jul 29, 2025 | |
| Issue Open | Jul 27, 2026 | Jul 30, 2025 |
| Issue Close | Jul 29, 2026 | Aug 01, 2025 |
| Basis Of Allotment (Tentative) | Jul 30, 2026 | Aug 04, 2025 |
| Initiation of Refunds (Tentative) | Jul 31, 2026 | Aug 05, 2025 |
| Credit of Share (Tentative) | Jul 31, 2026 | Aug 05, 2025 |
| Listing date (Tentative) | Aug 03, 2026 | Aug 06, 2025 |
| Anchor Lockin End date 1 | Sep 02, 2025 | |
| Anchor Lockin End date 2 | Nov 01, 2025 |
Advance Technoforge IPO P/E ratio is 15.22, as compared to Mehul Colours IPO P/E ratio of 9.87.
| Advance Technoforge IPO | Mehul Colours IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)Advance Technoforge Ltd.'s revenue decreased by 1% and profit after tax (PAT) rose by 51% between the financial year ending with March 31, 2026 and March 31, 2025.
| Company Financials (Restated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 100% | 96.86% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 71.99% | 69.24% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 15.22 | 9.87 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹85.78 Cr. | ₹75.95 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 30.33 | 38.46 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 22.52 | 43.53 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.29 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹6.24 | ₹7.30 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 30.33 | 32.26 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Advance Technoforge IPO Retail Individual Investors (RII) are offered 12,00,000 shares while in Mehul Colours IPO retail investors are offered 12,00,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Advance Technoforge IPO and 5,71,200 shares in Mehul Colours IPO.
| Advance Technoforge IPO | Mehul Colours IPO | |
|---|---|---|
| Anchor Investor Reservation | 0 shares | 8,54,400 shares |
| Market Maker Reservation | 1,29,600 shares | 1,52,000 shares |
| QIB | 0 shares | 5,71,200 shares |
| NII | 12,00,000 shares | 4,28,800 shares |
| RII | 12,00,000 shares | 10,01,600 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 24,00,000 shares | 28,56,000 shares |
Advance Technoforge IPO subscribed in total, whereas Mehul Colours IPO subscribed 5.60x.
| Advance Technoforge IPO | Mehul Colours IPO | |
|---|---|---|
| QIB (times) | 13.54x | |
| NII (times) | 10.91x | |
| Big NII (times) | 14.27x | |
| Small NII (times) | 5.24x | |
| RII (times) | 3.56x | |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 5.60x |
