Comparison between Advance Technoforge IPO and Vijaypd Ceutical IPO.
Advance Technoforge IPO is a SME Fixed Price IPO proposed to list at BSE SME while Vijaypd Ceutical IPO is a SME Fixed Price proposed to list at NSE SME.
| Advance Technoforge IPO | Vijaypd Ceutical IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Fixed Price |
| Listing At | BSE SME | NSE SME |
| Lead Managers | Sun Capital Advisory Services Pvt.Ltd. | Smart Horizon Capital Advisors Pvt.Ltd. |
| Registrar | Kfin Technologies Ltd. | Kfin Technologies Ltd. |
| Market Maker | JSK Securities & Services Pvt.Ltd. | Shreni Shares Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | ||
| Final Prospectus | Final Prospectus | Final Prospectus |
| 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 Vijaypd Ceutical IPO is up to ₹18.26 Cr. The final issue price of Advance Technoforge IPO is ₹95.00 per share and of Vijaypd Ceutical IPO is ₹35.00 per share.
| Advance Technoforge IPO | Vijaypd Ceutical IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ||
| Issue Price (Upper) | ||
| Issue Price (Final) | ₹95.00 per share | ₹35.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1200 shares | 4000 shares |
| Fresh Issue Size | 24,00,000 shares | 52,16,000 shares |
| Fresh Issue Size (Amount) | up to ₹22.80 Cr | up to ₹18.26 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 | 52,16,000 shares |
| Issue Size Total (Amount) | up to ₹22.80 Cr | up to ₹18.26 Cr |
Advance Technoforge IPO opens on Jul 27, 2026, while Vijaypd Ceutical IPO opens on Sep 29, 2025. The closing date of Advance Technoforge IPO and Vijaypd Ceutical IPO is Jul 29, 2026, and Oct 01, 2025, respectively.
| Advance Technoforge IPO | Vijaypd Ceutical IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Jul 27, 2026 | Sep 29, 2025 |
| Issue Close | Jul 29, 2026 | Oct 01, 2025 |
| Basis Of Allotment (Tentative) | Jul 30, 2026 | Oct 03, 2025 |
| Initiation of Refunds (Tentative) | Jul 31, 2026 | Oct 06, 2025 |
| Credit of Share (Tentative) | Jul 31, 2026 | Oct 06, 2025 |
| Listing date (Tentative) | Aug 03, 2026 | Oct 07, 2025 |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
Advance Technoforge IPO P/E ratio is 15.22, as compared to Vijaypd Ceutical IPO P/E ratio of .
| Advance Technoforge IPO | Vijaypd Ceutical 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% | 78.3% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 71.99% | 56.25% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 15.22 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹85.78 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 30.33 | 28.91 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 22.52 | 17.30 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.29 | 0.68 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹6.24 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 30.33 | 14.91 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Advance Technoforge IPO Retail Individual Investors (RII) are offered 12,00,000 shares while in Vijaypd Ceutical IPO retail investors are offered 12,00,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Advance Technoforge IPO and 0 shares in Vijaypd Ceutical IPO.
| Advance Technoforge IPO | Vijaypd Ceutical IPO | |
|---|---|---|
| Anchor Investor Reservation | 0 shares | 0 shares |
| Market Maker Reservation | 1,29,600 shares | 2,84,000 shares |
| QIB | 0 shares | 0 shares |
| NII | 12,00,000 shares | 26,08,000 shares |
| RII | 12,00,000 shares | 26,08,000 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 24,00,000 shares | 52,16,000 shares |
Advance Technoforge IPO subscribed in total, whereas Vijaypd Ceutical IPO subscribed 1.37x.
| Advance Technoforge IPO | Vijaypd Ceutical IPO | |
|---|---|---|
| QIB (times) | ||
| NII (times) | 1.86x | |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 0.89x | |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 1.37x |
