Advance Technoforge IPO GMP today is Rs 9. Investors can use this GMP along with price band and subscription status for a better IPO review.
Upcoming
SME IPO
ADVANCE
Advance Technoforge
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 Details
Complete IPO information
| Current GMP | ₹9 |
|---|---|
| Estimated Listing Gain | +9.47% |
| Price Band | ₹95.00 - ₹95.00 |
| Issue Price | ₹95.00 |
| Listing Price | TBA |
| Lot Size | 1,200 Shares |
| Issue Type | SME |
| Issue Size | Approx ₹24.03 Cr |
| Registrar | TBA |
| Exchange | BSE SME |
| Retail Quota | TBA |
| Overall Subscription | TBA |
| Listing Date | 03 Aug 2026 |
| Minimum Investment | ₹2,28,000 |
Timeline
IPO roadmap at a glance
01
Bidding Opens
27 Jul 2026
02
Bidding Closes
29 Jul 2026
03
Allotment
30 Jul 2026
04
Listing
03 Aug 2026
Grey Market Premium
Daily GMP status
| Date | GMP | Change | Gain |
|---|---|---|---|
| 23 July | ₹3 | - | 3.17% |
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 |
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.
FAQ
Advance Technoforge IPO FAQs
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 Subscription data is currently awaited.
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.