Advance Technoforge IPO GMP today is Rs 5. Investors can use this GMP along with price band and subscription status for a better IPO review.
Listed
SME IPO
ADVANCE
Advance Technoforge IPO GMP & Allotment
Advance Technoforge Limited is engaged in manufacturing forged steel machined components using carbon steel, alloy steel, and stainless steel. The company specialises in closed die forging, upset forging, and ring rolling forging, providing products in both rough and precision machined conditions. It manufactures and supplies precision machined components as per customer specifications and international standards for original equipment manufacturers (OEMs) and various end-use industries, including automotive, general engineering, oil and gas, earthmoving and agriculture equipment, hydraulic cylinders, power transmission, and railways. Revenue is generated primarily from the sale of these manufactured forging and precision machine components across domestic and international export markets. Operating from its manufacturing facilities in Rajkot, Gujarat, the company maintains in-house testing, forging, and machining capabilities, adhering to international quality standards such as IATF 16949 and ISO 9001.
- IPO Price Band
- ₹95.00 - ₹95.00
- Lot Size
- 1,200 Shares
- Bidding Closes
- 29 Jul 2026
- Listing Date
- 03 Aug 2026
Quick Answer & Highlights
Advance Technoforge IPO GMP Today & Key Takeaways
Last updated: 27 Jul 2026
Advance Technoforge IPO officially listed on 03 Aug 2026 at Rs 101.00, delivering a +6.32% listing gain compared to its issue price of Rs 95.00. Pre-listing, its final recorded Grey Market Premium (GMP) was ₹5.
Advance Technoforge IPO officially listed on 03 Aug 2026 at ₹101.00, delivering a +6.32% listing gain compared to its issue price of ₹95.00. Pre-listing, its final recorded Grey Market Premium (GMP) was ₹5.
| Key Metric | Figure | Status / Context |
|---|---|---|
| Current GMP | ₹5 | +5.26% vs upper band (27 Jul 2026) |
| Est. Listing Price | ₹101.00 | +6.32% Est. Listing Gain |
| Price Band | ₹95.00 - ₹95.00 | SME IPO |
| Retail Minimum Investment | ₹2,28,000 | 2 Lot (1,200 Shares) |
| Bidding Window | 27 Jul 2026 – 29 Jul 2026 | Listed |
| Allotment & Listing Dates | Allotment: 30 Jul 2026 | Listing: 03 Aug 2026 |
Current GMP Status
₹5
+5.26% vs upper band
Est. Listing Gain
+6.32%
Last Trend
27 Jul 2026
Listing Price
₹101.00
Retail Entry
₹2,28,000
IPO Details
Complete IPO information
| IPO Open Date | 27 Jul 2026 |
|---|---|
| IPO Close Date | 29 Jul 2026 |
| IPO Price Band | ₹95.00 - ₹95.00 |
| Lot Size | 1,200 Shares |
| Current GMP | ₹5 |
| Estimated Listing Gain | +6.32% |
| Issue Size | Approx ₹24.03 Cr |
| Fresh Issue | - |
| Issue Type | SME |
| IPO Listing | BSE SME |
| Retail Quota | TBA |
| Registrar | TBA |
| Overall Subscription | 1.55x |
| Minimum Investment | ₹2,28,000 |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus | - |
Analysis
IPO Snapshot & Investor Takeaways
At the upper end of its price band, Advance Technoforge is priced at ₹95 per share. With a minimum lot size of 1,200 shares, a retail investor applying for one lot would need approximately ₹2,28,000 to participate in this SME issue.
The latest recorded Grey Market Premium for Advance Technoforge stands at ₹5, implying an estimated listing gain of around 5.26% over the issue price if it holds until listing. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
As of the latest update, Advance Technoforge's IPO was subscribed 1.55x overall, with a category-wise breakdown of Retail 2.68x, QIB 0x.
Among the strengths highlighted in Advance Technoforge's IPO documents: Strategic location of manufacturing facilities in Rajkot, Gujarat.; Experienced Promoters and management team actively involved in operations..
Investors should also weigh the risk factors Advance Technoforge has disclosed, including: Reliance on a limited group of key customers for a significant portion of operational revenue..
A share of Advance Technoforge's issue proceeds is earmarked for Repayment Of Borrowings: 2.4 (9.99%).
SME IPOs list on the dedicated SME platform of BSE/NSE. They usually involve smaller issue sizes and a higher per-lot investment than Mainboard issues, with comparatively lower institutional participation.
Timeline
IPO roadmap at a glance
✓
Bidding Opens
27 Jul 2026
✓
Bidding Closes
29 Jul 2026
✓
Allotment
30 Jul 2026
✓
Listing
03 Aug 2026
| Event / Milestone | Scheduled Date | Status |
|---|---|---|
| Bidding Opens | 27 Jul 2026 | Completed |
| Bidding Closes | 29 Jul 2026 | Completed |
| Allotment | 30 Jul 2026 | Completed |
| Listing | 03 Aug 2026 | Completed |
Grey Market Premium
Daily GMP status
Trend chart builds up as more daily GMP snapshots are recorded.
| Date | GMP | Change | Gain |
|---|---|---|---|
| 27 Jul 2026 | ₹9.00 | - | 9.47% |
Swipe to see more →
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 Lot | 2,400 | ₹2,28,000 |
| Retail Maximum | 2 Lot | 2,400 | ₹2,28,000 |
| S-HNI Minimum | 3 Lot | 3,600 | ₹3,42,000 |
| S-HNI Maximum | 8 Lot | 9,600 | ₹9,12,000 |
| B-HNI Minimum | 9 Lot | 10,800 | ₹10,26,000 |
Swipe to see more →
Fund Utilization
Objects of the Issue & Official Documents
- Repayment Of Borrowings 2.4 (9.99%)
- General Corporate Purpose 3.59 (14.94%)
Issue Notes
Important takeaways before applying
Strengths
- Strategic location of manufacturing facilities in Rajkot, Gujarat.
- Experienced Promoters and management team actively involved in operations.
- Established customer base and strong existing relationships with clients across industries.
- Successful and proven track record of producing forged and precision-machined parts.
- Offering flexible operations, strong technical capabilities, and execution to maintain quality standards.
Risks
- Reliance on a limited group of key customers for a significant portion of operational revenue.
- Reliance on a limited number of suppliers for steel without long-term supply agreements.
- Manufacturing capacity is currently underutilised, which may affect operational efficiency and profitability.
- Operations are working capital-intensive with a time lag in customer payment collections.
- Previous filing of the Draft Prospectus was withdrawn, which may be perceived negatively.
Analysis
Advance Technoforge IPO Reservation
The Advance Technoforge IPO is structured under the SME Fixed Price Issue framework. The shares offered in the public issue are reserved for eligible Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs), ensuring balanced participation across both investor categories.
The reservation percentages indicate the allocation available to each category for subscription. The final allotment will be carried out in accordance with SEBI regulations and the basis of allotment approved after the issue closes.
| Investor Category | Shares Offered | Reservation (%) |
|---|---|---|
| NII Shares Offered | 12,00,000 Shares | 47.44% |
| Retail Shares Offered | 12,00,000 Shares | 47.44% |
Note: The above reservation is based on the issue structure disclosed by the company. Final allotment of shares will be subject to the level of subscription received in each investor category.
Analysis
Advance Technoforge IPO Dates
The Advance Technoforge IPO will open for subscription on July 27, 2026 and close on July 29, 2026. During this subscription window, eligible investors can apply for shares through the ASBA process or other approved IPO application methods made available by their brokers and banks.
The basis of allotment is expected to be finalized on July 30, 2026. Refunds for unsuccessful applicants and the credit of allotted shares to successful investors' demat accounts are scheduled for July 31, 2026. The equity shares of Advance Technoforge Limited are proposed to be listed on the BSE SME platform on August 3, 2026.
| Event | Date |
|---|---|
| IPO Open Date | July 27, 2026 |
| IPO Close Date | July 29, 2026 |
| Basis of Allotment | July 30, 2026 |
| Refunds | July 31, 2026 |
| Credit to Demat Account | July 31, 2026 |
| IPO Listing Date | August 3, 2026 |
Analysis
Advance Technoforge IPO Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 27 Jul 2026 |
| IPO Close Date | 29 Jul 2026 |
| Basis of Allotment | 30 Jul 2026 |
| Refunds | - |
| Credit to Demat Account | - |
| IPO Listing Date | 03 Aug 2026 |
Note: The timeline for Advance Technoforge IPO is tentative and subject to change.
Analysis
Advance Technoforge IPO Objects of the Issue & Utilisation of Proceeds
Advance Technoforge Limited intends to utilize the net proceeds from its IPO to strengthen its manufacturing capabilities and support future business growth. A major portion of the funds will be invested in purchasing and installing new machinery for the production of precision machine components at the company's existing manufacturing facility.
The company will also allocate part of the proceeds towards meeting its working capital requirements, enabling it to efficiently manage day-to-day operations, execute customer orders, and support business expansion. The remaining funds, where applicable, will be utilized for general corporate purposes in accordance with applicable regulations.
| Purpose | Amount |
|---|---|
| Purchase and installation of machinery for manufacturing of precision machine components at the existing premises (including GST) | ₹6.08 Crores |
| Part funding of working capital requirements | ₹5.00 Crores |
| General Corporate Purpose | ₹- |
Note: The company proposes to utilize the IPO proceeds as stated in the Red Herring Prospectus (RHP). The actual deployment of funds will be carried out in accordance with SEBI regulations and the approved objects of the issue.
Analysis
Advance Technoforge Objects of the Issue & Utilisation of Proceeds
To Be Updated Soon
Analysis
Advance Technoforge IPO Company Financial Report
Advance Technoforge Limited has maintained stable operating performance over the last three financial years. The company has reported consistent revenue while improving its profitability, reflecting better operational efficiency and cost management. Its total asset base has also grown steadily, indicating continued investment in manufacturing capacity and business operations.
The financial summary below highlights the company's revenue, expenses, profit after tax (PAT), and total assets for the latest reported financial years, providing investors with an overview of its financial performance before the IPO.
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | ₹48.24 Cr. | ₹45.97 Cr. | ₹1.70 Cr. | ₹28.65 Cr. |
| 2025 | ₹51.16 Cr. | ₹47.63 Cr. | ₹2.70 Cr. | ₹39.51 Cr. |
| 2026 | ₹50.73 Cr. | ₹45.20 Cr. | ₹4.06 Cr. | ₹46.92 Cr. |
Amount in ₹ Crores: The above financial figures are based on the latest available financial statements of Advance Technoforge Limited and are intended to help investors assess the company's financial performance before investing in the IPO.
Analysis
Advance Technoforge Company Financials
To Be Updated Soon
Analysis
Advance Technoforge Company Valuation – FY2026
To Be Updated Soon
Analysis
Advance Technoforge IPO Peer Group Comparison
To Be Updated Soon
Comparison
Compare Advance Technoforge IPO with similar IPOs
FAQ
Advance Technoforge IPO FAQs
Based on the latest Grey Market Premium (GMP) of Rs 5 and an issue price of Rs 95, the estimated listing price for Advance Technoforge IPO is Rs 100.00 (approx 5.26% listing gain). Actual listing price is determined by market demand on the listing day.
Advance Technoforge IPO price band is Rs 95.00 to Rs 95.00. Check the latest issue price, lot size and GMP together before applying.
Advance Technoforge IPO open date is 27 Jul 2026, close date is 29 Jul 2026, and listing date is 03 Aug 2026.
Advance Technoforge IPO lot size is 1,200 shares. The minimum retail investment is Rs 2,28,000.
Advance Technoforge is classified as a SME IPO. This helps investors quickly understand the issue category and exchange segment.
Advance Technoforge IPO subscription status currently shows Retail 2.68x, QIB 0x, Overall 1.55x.
Advance Technoforge Limited is engaged in manufacturing forged steel machined components using carbon steel, alloy steel, and stainless steel. The company specialises in closed die forging, upset forging, and ring rolling forging, providing products in both rough and precision machined conditions. It manufactures and supplies precision machined components as per customer specifications and international standards for original equipment manufacturers (OEMs) and various end-use industries, including automotive, general engineering, oil and gas, earthmoving and agriculture equipment, hydraulic cylinders, power transmission, and railways. Revenue is generated primarily from the sale of these manufactured forging and precision machine components across domestic and international export markets. Operating from its manufacturing facilities in Rajkot, Gujarat, the company maintains in-house testing, forging, and machining capabilities, adhering to international quality standards such as IATF 16949 and ISO 9001.
Advance Technoforge IPO issue size is 24.03 and the expected allotment date is 30 Jul 2026.
In our empirical study of 104 Indian IPO listings, positive GMP was followed by a positive listing gain 69.9% of the time. However, as an exact forecast, the median variation between GMP-implied gain and actual listing price was 7.8 percentage points. GMP reflects informal market sentiment and should always be evaluated alongside company valuation and fundamentals.
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