Bookbuilding IPO | ₹50 Cr | Listing at NSE SME | Tue, Jul 21, 2026 - Thu, Jul 23, 2026
Metalic Technoforge IPO is a book build issue of ₹49.96 crores. The issue is entirely a fresh issue of 0.65 crore shares of ₹49.96 crore.
Metalic Technoforge IPO opens for subscription on Jul 21, 2026 and closes on Jul 23, 2026. The allotment for the Metalic Technoforge IPO is expected to be finalized on Jul 24, 2026. Metalic Technoforge IPO will list on the NSE SME with a tentative listing date fixed as Jul 28, 2026.
Metalic Technoforge IPO is set issue price band at ₹72 to ₹77 per share. The lot size for an application is 1,600 shares. The minimum amount of investment required by an individual investor (retail) is ₹2,46,400 (3,200 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (4,800 shares), amounting to ₹3,69,600.
Smart Horizon Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Shreni Shares Ltd.
Refer to Metalic Technoforge IPO RHP for detailed Information.
IPO Open
Tue, Jul 21, 2026
IPO Close
Thu, Jul 23, 2026
Price Band
₹72 to ₹77
Market Cap (Pre-IPO)
₹184.68 Cr
| IPO Date | 21 to 23 Jul, 2026 |
| Listing Date | Tue, Jul 28, 2026T |
| Face Value | ₹10 per share |
| Price Band | ₹72 to ₹77 |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 64,88,000 shares (agg. up to ₹50 Cr) |
| Reserved for Market Maker | 3,28,000 shares Shreni Shares Ltd. (agg. up to ₹3 Cr) |
| Fresh Issue (Ex Market Maker) | 61,60,000 shares (agg. up to ₹47 Cr) |
| Net Offered to Public | 61,60,000 shares (agg. up to ₹47 Cr) |
| Share Holding Pre Issue | 1,74,96,400 shares |
| Share Holding Post Issue | 2,39,84,400 shares |
Metalic Technoforge IPO comprises a total issue size of 64,88,000 shares. The net offer to the public is 61,60,000 shares, after excluding 3,28,000 shares allotted on a firm basis. Of the Net offer 30,72,000 (49.87%) are allocated to QIB, 9,28,000 (15.06%) allocated to NII 21,60,000 (35.06%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 30,72,000 | 49.87% | 47.35% |
| − Anchor Investor Shares Offered | 18,40,000 | 28.36% | |
| − QIB (Ex. Anchor) Shares Offered | 12,32,000 | 18.99% | |
| NII (HNI) Shares Offered | 9,28,000 | 15.06% | 14.30% |
| − bNII > ₹10L | 6,17,600 | 9.52% | |
| − sNII < ₹10L | 3,10,400 | 4.78% | |
| Retail Shares Offered | 21,60,000 | 35.06% | 33.29% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,28,000 | 5.06% | |
| Total Shares Offered | 64,88,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,200 shares and in multiples of 1,600 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 3,200 | ₹2,46,400 |
| Individual investors (IND) (Max) | 2 | 3,200 | ₹2,46,400 |
| S-HNI (Min) | 3 | 4,800 | ₹3,69,600 |
| S-HNI (Max) | 8 | 12,800 | ₹9,85,600 |
| B-HNI (Min) | 9 | 14,400 | ₹11,08,800 |
Incorporated in October 2016, Metalic Technoforge Ltd. manufactures closed-die forged and precision-machined components.
The company's product portfolio includes complex, safety-critical forged and precision-machined products such as big and small rings, ball studs, gear blanks with broaching, gears, coupling assemblies, and other critical components for various industries.
The company serves domestic and global OEMs across automotive and non-automotive sectors. Automotive OEMs include manufacturers of automobiles, tractors, and commercial vehicles. Non-automotive OEMs include manufacturers of agricultural equipment, hydraulic equipment, construction machinery, and general engineering products.
The company's manufacturing unit is situated in Rajkot, Gujarat.
As of March 01, 2026, the Company had an order book of approximately ₹ 2,447.06 lakhs.
As of February 28, 2026, the company had 188 personnel at its manufacturing units and registered office.
Metalic Technoforge Ltd.'s revenue increased by 30% and profit after tax (PAT) rose by 37% between the financial year ending with March 31, 2026 and March 31, 2025.
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 92.09 | 65.10 | 33.67 |
| Total Income | 97.98 | 75.64 | 51.50 |
| Profit After Tax | 12.36 | 9.03 | 4.26 |
| EBITDA | 21.95 | 16.08 | 7.29 |
| NET Worth | 33.42 | 17.40 | 7.72 |
| Reserves and Surplus | 15.92 | 16.40 | 7.37 |
| Total Borrowing | 31.78 | 27.97 | 10.81 |
| Amount in ₹ Crore | |||
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Merritronix Ltd. | SME | ₹70.03 Cr | ₹149 | 11.83 | ₹297.25 | +99.50% | ₹383.05 (-1.97%) |
| Adisoft Technologies Ltd. | SME | ₹74.10 Cr | ₹172 | 12.82 | ₹215.25 | +25.15% | ₹186.55 (-3.74%) |
| Highness Microelectronics Ltd. | SME | ₹21.67 Cr | ₹120 | 16.7 | ₹129.75 | +8.12% | ₹189.90 (+0.21%) |
| Tipco Engineering India Ltd. | SME | ₹60.55 Cr | ₹89 | 8.73 | ₹84.79 | -4.73% | ₹195.05 (+4.98%) |
| Gabion Technologies India Ltd. | SME | ₹29.16 Cr | ₹81 | 12.18 | ₹93.41 | +15.32% | ₹86.90 (-1.63%) |
| Admach Systems Ltd. | SME | ₹42.60 Cr | ₹239 | 19.56 | ₹200.75 | -16.00% | ₹375.50 (+4.99%) |
| Apollo Techno Industries Ltd. | SME | ₹47.96 Cr | ₹130 | 9.43 | ₹151.95 | +16.88% | ₹81.00 (-0.25%) |
| HRS Aluglaze Ltd. | SME | ₹50.92 Cr | ₹96 | 26.07 | ₹132.30 | +37.81% | ₹245.00 (-1.35%) |
| Purple Wave Infocom Ltd. | SME | ₹31.45 Cr | ₹126 | 9.33 | ₹130.50 | +3.57% | ₹117.50 (+0.13%) |
| Shining Tools Ltd. | SME | ₹17.10 Cr | ₹114 | 16.18 | ₹98.80 | -13.33% | ₹74.61 (-4.98%) |
| True Colors Ltd. | SME | ₹127.96 Cr | ₹191 | 14.66 | ₹183.05 | -4.16% | ₹149.60 (-1.12%) |
| L.T.Elevator Ltd. | SME | ₹39.37 Cr | ₹78 | 12.31 | ₹142.90 | +83.21% | ₹252.30 (+4.99%) |
| Airfloa Rail Technology Ltd. | SME | ₹91.10 Cr | ₹140 | 9.57 | ₹279.30 | +99.50% | ₹348.00 (-2.04%) |
| Taurian MPS Ltd. | SME | ₹42.53 Cr | ₹171 | 11.29 | ₹220.50 | +28.95% | ₹357.25 (+2.14%) |
| Omnitech Engineering Ltd. | Mainboard | ₹583.00 Cr | ₹227 | 54.47 | ₹204.93 | -9.72% | ₹570.75 (+1.52%) |
| Epack Prefab Technologies Ltd. | Mainboard | ₹504.00 Cr | ₹204 | 29.49 | ₹190.66 | -6.54% | ₹249.31 (-3.19%) |
| Aditya Infotech Ltd. | Mainboard | ₹1,300.00 Cr | ₹675 | 21.09 | ₹1,082.65 | +60.39% | ₹3,800.00 (+1.91%) |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding of capital expenditure requirements of the Company towards setting up of the proposed Manufacturing Unit IV and upgradation of existing units at manufacturing facility in Rajkot, Gujarat | 30.81 |
| 2 | Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by the Company. | 6.72 |
| 3 | General Corporate Purpose | |
| Total | 37.53 |
| KPI | Mar 31, 2025 | Mar 31, 2026 |
|---|---|---|
| ROE | 71.87% | 48.66% |
| ROCE | 31.88% | 30.38% |
| Debt/Equity | 1.61 | 0.95 |
| RoNW | 51.88% | 37% |
| PAT Margin | 12.14% | 12.94% |
| EBITDA Margin | 21.62% | 22.97% |
| Price to Book Value | 7.52 | 4.03 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 7.07 | 5.16 |
| P/E (x) | 10.9 | 14.94 |
| Promoter Holding | 83.63% | 61.00% |
| Market Cap | ₹184.68 Cr. |
Lead Manager Reports
Metalic Technoforge IPO is a SME IPO of 64,88,000 equity shares of the face value of ₹10 aggregating up to ₹50 Crores. The issue is priced at ₹72 to ₹77. The minimum order quantity is 1600.
The IPO opens on Tue, Jul 21, 2026, and closes on Thu, Jul 23, 2026.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Metalic Technoforge IPO using UPI as a payment gateway. Zerodha customers can apply in Metalic Technoforge IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Metalic Technoforge IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Metalic Technoforge IPO opens on Tue, Jul 21, 2026 and closes on Thu, Jul 23, 2026.
Metalic Technoforge IPO lot size is 1600, and the minimum amount required for application is ₹2,46,400, with 2 lots being the minimum application size.
You can apply in Metalic Technoforge IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Metalic Technoforge IPO will be done on Friday, July 24, 2026, and the allotted shares will be credited to your demat account by Mon, Jul 27, 2026. Check the Metalic Technoforge IPO allotment status.
The Metalic Technoforge IPO listing date is not yet announced. The tentative date of listing is Tue, Jul 28, 2026.
