The ₹49.96 crore IPO of Metalic Technoforge Ltd. closed on Jul 23, 2026, booked 8.47 times subscription on the last day. The company has received bids for 3.66 crore shares against the 0.43 crore shares offered.
Metalic Technoforge IPO Subscription Status
The Retail Investors category subscribed 7.00 times, Non-Institutional Investors (NIIs) subscribed 17.07 times and Qualified Institutional Buyers (QIBs) booked 4.58 times subscription.
In the NII category, small NIIs who bid for up to ₹10 Lakhs subscribed 9.60 times, while big NIIs who bid above ₹10 Lakhs subscribed 20.82 times.
About The IPO
The issue comprised entirely of Fresh Issue of 64,88,000 shares valued at ₹49.96 crore.
The allotment is likely to be finalized on Jul 24, 2026 and the shares are proposed to be listed on the NSE SME with tentative listing date on Jul 28, 2026.
The issue is managed by Smart Horizon Capital Advisors Pvt.Ltd., serving as the Book-Running Lead Manager, and Bigshare Services Pvt.Ltd., acting as the Registrar for the offering.
