Advance Technoforge IPO
Advance Technoforge Limited (ATL), started in 2013, is a manufacturer and supplier of closed-die steel forging, upset forging, and ring rolling forging in rough & precision machined condition. Its manufacturing facility is equipped with in-house advanced technologies to manufacture various engineering components. Its product range includes Retainer Plate, Valve Bonnet, Trunnion, Tow-Hook-Assembly, Rod Eye, Lager Flansch, Gland, Cross Member, Bearing Housing, Chain Anchor Weldment, Bearing Housing Flange, connection rod, and many more.
IPO GMP
+₹5
+5% expected gain
Price Band
₹95
Lot Size
2400 shares
Min Investment
₹2,28,000
Listing Date
August 3, 2026
About Advance Technoforge
Company overview, business, and key facts.
Advance Technoforge Limited (ATL), started in 2013, is a manufacturer and supplier of closed-die steel forging, upset forging, and ring rolling forging in rough & precision machined condition. Its manufacturing facility is equipped with in-house advanced technologies to manufacture various engineering components. Its product range includes Retainer Plate, Valve Bonnet, Trunnion, Tow-Hook-Assembly, Rod Eye, Lager Flansch, Gland, Cross Member, Bearing Housing, Chain Anchor Weldment, Bearing Housing Flange, connection rod, and many more.
From product conceptualization to designing, manufacturing, testing, and validation, Advance Technoforge Limited provides end-to-end solutions. Furthermore, the company has over 20 years of experience in developing products that are high-quality and cost-effective and supplied it to global Original Equipment Manufacturers (OEMs) in industries such as automotive, oil and gas, earth-moving equipment, and railways.
Headquarters
Rajkot, Gujarat
Promoters
Nilesh Shambhubhai Moliya, Pradipbhai Bhikhabhai Vora, Daxaben Nileshbhai Moliya, Kajal Alpesbhai Moliya
Website
http://www.advancetechforge.com/
IPO Details
Subscription Status
How many times each investor category has bid for the issue.
Strengths & Risks
Strengths
- Review: Neutral
Risks
Financials
Restated summary financials for the most recent periods.
Figures are indicative and restated for presentation.
Advance Technoforge IPO Key Numbers
Calculated by IPOLyst from the published offer-document data. These are figures, not buy or sell calls.
Revenue growth, 2026
-0.8%
2.5% a year over the period
Profit growth, 2026
+50.4%
54.5% a year over the period
Profit margin (PAT)
8%
EBITDA margin 16.69%
ROE / ROCE
30.33% / 22.52%
As published in the offer document
Debt to equity
1.29
Issue mix
100% fresh / 0% sale
Fresh issue goes to the company, offer for sale to selling shareholders
GMP-implied gain per lot
₹12,000
2400 shares on ₹2,28,000. GMP is unofficial.
What stands out
- Profit grew 50.4% in 2026.
Watch-outs
- Leverage: debt to equity is 1.29.
- Revenue fell 0.8% in 2026.
- 1 use-of-proceeds item(s) have no disclosed amount.
Scenarios apply today's grey market premium figures to the upper price band. They are illustrations, not predictions. GMP is unofficial and can be wrong.
Not yet available for this IPO: post-IPO share count (market cap and P/E not computable), published risk factors.
IPO Analysis SummaryAI-generated
A plain-language review of Advance Technoforge's financials, valuation and demand, based only on the verified figures above. For information only. It does not recommend whether to apply.
Advance Technoforge IPO Review
Analysis based on live GMP, subscription, and issue details.
As of today, Advance Technoforge IPO is trading at a grey market premium (GMP) of +₹5 (+5% estimated listing gain), indicating positive market sentiment.
The IPO has been subscribed 1.52x overall — QIB: —, NII: 0.48x, Retail: 2.67x.
Advance Technoforge IPO subscription has closed. The shares are expected to list on August 3, 2026.
The minimum investment required is ₹2,28,000 for 2400 shares (1 lot). Retail investors can apply at cut-off price for the best chance of allotment.
Key strengths include: Review: Neutral.
Disclaimer: IPO GMP is indicative and sourced from the grey market. This is not investment advice. Please consult a SEBI-registered advisor before investing.
Advance Technoforge IPO — Frequently Asked Questions
What is Advance Technoforge IPO GMP today?
Advance Technoforge IPO GMP (grey market premium) today is +₹5, suggesting an estimated listing gain of +5%. GMP is indicative and subject to change.
What is the price band of Advance Technoforge IPO?
The price band for Advance Technoforge IPO is ₹95 with a lot size of 2400 shares. The minimum investment required is ₹2,28,000.
When is Advance Technoforge IPO allotment date?
Advance Technoforge IPO allotment is expected to be finalised on July 30, 2026. You can check your allotment status on the registrar's website (Kfin Technologies Ltd.) using your PAN number.
When will Advance Technoforge IPO list on NSE/BSE?
Advance Technoforge IPO is expected to list on BSE SME on August 3, 2026.
How to check Advance Technoforge IPO allotment status?
To check Advance Technoforge IPO allotment status, visit the registrar's website (Kfin Technologies Ltd.) and enter your PAN number, application number, or DP/Client ID. You can also check on the BSE IPO allotment page at https://www.bseindia.com/investors/appli_check.aspx.
Should I apply for Advance Technoforge IPO?
Advance Technoforge IPO has a GMP of +₹5. Before applying, review the company's financials, business model, issue structure (OFS vs fresh issue), and sector outlook. IPOLyst is not a SEBI-registered investment advisor — please consult a qualified financial advisor before investing.
What is the lot size of Advance Technoforge IPO?
The lot size for Advance Technoforge IPO is 2400 shares per lot. The minimum investment for retail investors is ₹2,28,000. Retail investors can apply for a maximum of 13 lots or up to ₹2 lakh, whichever is lower.