IPO details · Updated
Metalic Technoforge Limited
- Price Band
- ₹72 – ₹77
- Lot Size
- 1,600 shares
- Min. Investment
- ₹1,23,200
- Issue Size
- ₹49.96 Cr
- Offer Dates
- 21 Jul – 23 Jul 2026
- Listing
- 28 Jul 2026
Issue Details
- Total Issue Size
- ₹49.96 Cr
- 64,88,000 shares
- Fresh Issue
- ₹49.96 Cr
- 64,88,000 shares
- Offer for Sale
- ₹0 Cr
- Face Value
- ₹10 per share
- Issue Type
- Book-built IPO
- Listing At
- NSE SME
- Shares Pre-Issue
- 1,74,96,400
- Shares Post-Issue
- 2,39,84,400
IPO Timeline
Offer opens
21 Jul 2026
Offer closes
23 Jul 2026
Allotment
24 Jul 2026
Listing
28 Jul 2026
Issue Allocation
Share of the offer reserved for each investor category
- Anchor28.4%18,40,000 shares
- QIB19.0%12,32,000 shares
- HNI14.3%9,28,000 shares
- Retail33.3%21,60,000 shares
- MarketMaker5.1%3,28,000 shares
Subscription Status
Times subscribed by investor category
| Category | Offered | Bids | Subscribed |
|---|---|---|---|
| QIB | 12,32,000 | 56,42,560 | 4.58x |
| NII | 9,28,000 | 1,58,40,960 | 17.07x |
| Retail | 21,60,000 | 1,51,20,000 | 7.00x |
| Total | 43,20,000 | 3,66,03,520 | 8.47x |
Lot Size & Investment
1 lot = 1,600 shares
Retail (min)
2 lots · 3,200 shares
Retail (max)
2 lots · 3,200 shares
S-HNI (min)
3 lots · 4,800 shares
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 2 | 3,200 | ₹2,46,400 |
| Small HNI (S-HNI) | 3 | 4,800 | ₹3,69,600 |
| Big HNI (B-HNI) | 9 | 14,400 | ₹11,08,800 |
Financial Performance
Restated figures in ₹ crore, unless stated otherwise
| Period | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Assets | 92.09 | 65.1 | 33.67 |
| Total Income | 97.98 | 75.64 | 51.5 |
| Profit After Tax | 12.36 | 9.03 | 4.26 |
| EBITDA | 21.95 | 16.08 | 7.29 |
| Net Worth | 33.42 | 17.4 | 7.72 |
| Reserves & Surplus | 15.92 | 16.4 | 7.37 |
| Total Borrowing | 31.78 | 27.97 | 10.81 |
Key Performance Indicators
| Period | Mar-25 | Mar-26 |
|---|---|---|
| ROE (%) | 71.87 | 48.66 |
| ROCE (%) | 31.88 | 30.38 |
| EPS (₹) | — | 7.07 |
| P/E (pre-issue) | — | 10.9 |
| P/E (post-issue) | — | 14.94 |
Peer Comparison
Listed companies in the same business
| Company | P/E | ROE |
|---|---|---|
| Metalic Thermoforminge Ltd | — | 37% |
| Amic Forging Ltd | 66.91 | 13.31% |
| Tirupati Forge Limited | 135.43 | 4.72% |
| Paramount Speciality Forgings Limited | 14.93 | 7.57% |
About Metalic Technoforge Limited
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.
Objects of the Issue
- 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 Cr)
- Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by the Company. (₹6.72 Cr)
- General Corporate Purpose (₹5.94 Cr)
- Issue Expenses (₹6.49 Cr)
Promoters
- <p>Gajipara Keyur Dhirajlal
- Trambadiya Dhaval Vrajlal
- Vadodariya Satish Rameshbhai
- Kapadiya Vipul K
- Rupapara Jay Rameshbahi
- Gajipara Ronakkumar Mansukhbhai
- Ekta Satish Vadodariya</p>
Company Information
- Book running lead managers
- Smart Horizon Capital Advisors Pvt.Ltd.
- Registered office
- Sr. No.-129/1 P4(New Survey no. 296), Plot No.-5&6, Padavala Main Road, Opp. Electric Power House, Kot, VillagePadavala, Veraval (Shapar), Kotda Sanghani, Rajkot, Gujarat, 360024
- Market maker
- Shreni Shares Ltd.
Official Documents
Opens the source filing in a new tab
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Disclaimer: Data on OpenIPO is for information only and is not investment advice. OpenIPO is not a SEBI-registered entity. GMP figures are unofficial estimates and may change. Verify all details against the company RHP and the official registrar before investing.