Metalic Technoforge IPO GMP today is Rs 6. Investors can use this GMP along with price band and subscription status for a better IPO review.
Closed
SME IPO
METALIC
Metalic Technoforge IPO GMP & Allotment
Incorporated in 2016, Metalic Technoforge Limited is an Indian manufacturer specialising in precision-engineered forged and machined metal components. The company’s core business operations comprise forging, heat treatment, and precision machining processes. It serves domestic and international original equipment manufacturers (OEMs) across multiple industrial sectors, including farm equipment, general engineering, oil and gas, hydraulic cylinders, and construction equipment. Metalic Technoforge generates its revenue through the sale of key products such as gears, transmission components, hydraulic application parts, and general engineering components, alongside processing fees earned from custom job work services. Operating from its integrated manufacturing facilities in Rajkot, Gujarat, the company has established a specialised market presence supported by international quality certifications like IATF 16949:2016 and PED-2014/68/EU, serving prominent industrial hubs in states like Gujarat and Maharashtra, as well as export markets including Germany and the United States.
- IPO Price Band
- ₹72.00 - ₹77.00
- Lot Size
- 1,600 Shares
- Bidding Closes
- 23 Jul 2026
- Listing Date
- 28 Jul 2026
Quick Answer & Highlights
Metalic Technoforge IPO GMP Today & Key Takeaways
Last updated: 23 Jul 2026
As of 23 Jul 2026, the latest Grey Market Premium (GMP) for Metalic Technoforge IPO is ₹6, pointing to an estimated listing price of Est. ₹83 (+7.79% expected listing gain over the upper price band of Rs 77.00). Public bidding has closed. The basis of allotment is expected on 24 Jul 2026, ahead of stock exchange listing on 28 Jul 2026.
As of 23 Jul 2026, the latest Grey Market Premium (GMP) for Metalic Technoforge IPO is ₹6, pointing to an estimated listing price of Est. ₹83 (+7.79% expected listing gain over the upper price band of ₹77.00). Bidding has closed. The basis of allotment is expected on 24 Jul 2026, ahead of stock exchange listing on 28 Jul 2026.
| Key Metric | Figure | Status / Context |
|---|---|---|
| Current GMP | ₹6 | +7.79% vs upper band (23 Jul 2026) |
| Est. Listing Price | Est. ₹83 | +7.79% Est. Listing Gain |
| Price Band | ₹72.00 - ₹77.00 | SME IPO |
| Retail Minimum Investment | ₹2,46,400 | 2 Lot (1,600 Shares) |
| Bidding Window | 21 Jul 2026 – 23 Jul 2026 | Closed |
| Allotment & Listing Dates | Allotment: 24 Jul 2026 | Listing: 28 Jul 2026 |
Current GMP Status
₹6
+7.79% vs upper band
Est. Listing Gain
+7.79%
Last Trend
23 Jul 2026
Listing Price
Est. ₹83
Retail Entry
₹2,46,400
IPO Details
Complete IPO information
| IPO Open Date | 21 Jul 2026 |
|---|---|
| IPO Close Date | 23 Jul 2026 |
| IPO Price Band | ₹72.00 - ₹77.00 |
| Lot Size | 1,600 Shares |
| Current GMP | ₹6 |
| Estimated Listing Gain | +7.79% |
| Issue Size | Approx ₹49.96 Cr |
| Fresh Issue | - |
| Issue Type | SME |
| IPO Listing | NSE SME |
| Retail Quota | TBA |
| Registrar | TBA |
| Overall Subscription | 8.47x |
| Minimum Investment | ₹2,46,400 |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus | - |
Analysis
IPO Snapshot & Investor Takeaways
At the upper end of its price band, Metalic Technoforge is priced at ₹77 per share. With a minimum lot size of 1,600 shares, a retail investor applying for one lot would need approximately ₹2,46,400 to participate in this SME issue.
The latest recorded Grey Market Premium for Metalic Technoforge stands at ₹6, implying an estimated listing gain of around 7.79% 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, Metalic Technoforge's IPO was subscribed 8.47x overall, with a category-wise breakdown of Retail 7x, QIB 4.58x.
Among the strengths highlighted in Metalic Technoforge's IPO documents: Serves prominent automotive and industrial original equipment manufacturers in both domestic and international markets.; Houses forging, heat treatment, and precision machining processes within an integrated manufacturing system in Rajkot..
Investors should also weigh the risk factors Metalic Technoforge has disclosed, including: Derives 64.61% of its total operational revenue from the top 10 customers..
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
21 Jul 2026
✓
Bidding Closes
23 Jul 2026
03
Allotment Next
24 Jul 2026
04
Listing
28 Jul 2026
| Event / Milestone | Scheduled Date | Status |
|---|---|---|
| Bidding Opens | 21 Jul 2026 | Completed |
| Bidding Closes | 23 Jul 2026 | Completed |
| Allotment | 24 Jul 2026 | Next Milestone |
| Listing | 28 Jul 2026 | Pending |
Grey Market Premium
Daily GMP status
| Date | GMP | Change | Gain |
|---|---|---|---|
| 23 Jul 2026 | ₹0.00 | - | 0.00% |
| 22 Jul 2026 | ₹0.00 | - | 0.00% |
| 21 Jul 2026 | ₹0.00 | - | 0.00% |
Swipe to see more →
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 Lot | 3,200 | ₹2,46,400 |
| Retail Maximum | 2 Lot | 3,200 | ₹2,46,400 |
| S-HNI Minimum | 3 Lot | 4,800 | ₹3,69,600 |
| S-HNI Maximum | 8 Lot | 12,800 | ₹9,85,600 |
| B-HNI Minimum | 9 Lot | 14,400 | ₹11,08,800 |
Swipe to see more →
Fund Utilization
Objects of the Issue & Official Documents
Issue Notes
Important takeaways before applying
Strengths
- Serves prominent automotive and industrial original equipment manufacturers in both domestic and international markets.
- Houses forging, heat treatment, and precision machining processes within an integrated manufacturing system in Rajkot.
- Holds premium international engineering accreditations including IATF 16949:2016 and pressure equipment certifications.
- Supplies critical metal components to diverse industries, including farm equipment, hydraulics, and oil and gas sectors.
- Utilises in-house infrastructure for tooling, die manufacturing, and specialised design simulation software.
Risks
- Derives 64.61% of its total operational revenue from the top 10 customers.
- Concentrates over 62% of domestic sales within Gujarat, Maharashtra, and Uttar Pradesh.
- Depends significantly on gears and transmission components for its core revenue generation.
- Sources a substantial majority of its raw material purchases exclusively from suppliers in Gujarat.
- Faces high workforce instability with employee attrition rates reaching up to 24.18%.
Analysis
Metalic Technoforge IPO Reservation
Analysis
Metalic Technoforge IPO Anchor Investors
Analysis
Metalic Technoforge IPO Dates
Analysis
Metalic Technoforge IPO Promoters and Holding Pattern
Analysis
Metalic Technoforge Objects of the Issue & Utilisation of Proceeds
Analysis
About Metalic Technoforge IPO
Metalic Technoforge Ltd., founded in October 2016, is one of the leading manufacturers of closed-die forged and precision machined components. Its product range comprises safety-critical forged and precision-machined products, including big and small rings, ball studs, gear blanks with broaching, gears, coupling assemblies, and other critical components. Its products cater to national and international OEMs in various automotive and non-automotive sectors.
In automotive OEMs, it includes automobiles, tractors, and commercial vehicles. Non-automotive OEMs include manufacturers of agricultural equipment, hydraulic equipment, construction machinery, and general engineering products. Its manufacturing facility is located in Rajkot, Gujarat. As of 2026, Metallic Technoforge had an order book of ₹2,447.06 lakhs.
Analysis
Metalic Technoforge Company Financials
Analysis
Metalic Technoforge Company Valuation – FY2026
Analysis
Metalic Technoforge IPO Peer Group Comparison
Analysis
IPO Lead Managers aka Merchant Bankers
- Smart Horizon Capital Advisors Pvt. Ltd.
Comparison
Compare Metalic Technoforge IPO with similar IPOs
FAQ
Metalic Technoforge IPO FAQs
Based on the latest Grey Market Premium (GMP) of Rs 6 and an issue price of Rs 77, the estimated listing price for Metalic Technoforge IPO is Rs 83.00 (approx 7.79% listing gain). Actual listing price is determined by market demand on the listing day.
Metalic Technoforge IPO price band is Rs 72.00 to Rs 77.00. Check the latest issue price, lot size and GMP together before applying.
Metalic Technoforge IPO open date is 21 Jul 2026, close date is 23 Jul 2026, and listing date is 28 Jul 2026.
Metalic Technoforge IPO lot size is 1,600 shares. The minimum retail investment is Rs 2,46,400.
Metalic Technoforge is classified as a SME IPO. This helps investors quickly understand the issue category and exchange segment.
Metalic Technoforge IPO subscription status currently shows Retail 7x, QIB 4.58x, Overall 8.47x.
Incorporated in 2016, Metalic Technoforge Limited is an Indian manufacturer specialising in precision-engineered forged and machined metal components. The company’s core business operations comprise forging, heat treatment, and precision machining processes. It serves domestic and international original equipment manufacturers (OEMs) across multiple industrial sectors, including farm equipment, general engineering, oil and gas, hydraulic cylinders, and construction equipment. Metalic Technoforge generates its revenue through the sale of key products such as gears, transmission components, hydraulic application parts, and general engineering components, alongside processing fees earned from custom job work services. Operating from its integrated manufacturing facilities in Rajkot, Gujarat, the company has established a specialised market presence supported by international quality certifications like IATF 16949:2016 and PED-2014/68/EU, serving prominent industrial hubs in states like Gujarat and Maharashtra, as well as export markets including Germany and the United States.
Metalic Technoforge IPO issue size is 49.96 and the expected allotment date is 24 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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