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Metalic Technoforge IPO
Metalic Technoforge Limited
Minimum investment
AnalyseMetalic Technoforge IPO Details
Bidding date
21 Jul - 23 Jul 2026
Price range
₹72 - ₹77
Minimum quantity
3,200
Minimum investment
₹1,15,200
Issue size
₹50 Cr.
IPO doc (link)
RHP docs
Listing exchange
NSE/BSE
Metalic Technoforge IPO Dates & Timeline
IPO Objectives & Issue Structure
Total Issue Size:
₹50 Crore
Fresh Issue: 94% (₹47 Cr)
OFS: 0% (₹0 Cr)
Fresh Issue – ₹47 Crore
- Funding capital expenditure for setting up the proposed Manufacturing Unit IV and upgrading existing manufacturing units at the Rajkot, Gujarat facility - ₹30.81 Cr
- Full or partial repayment and/or prepayment of certain outstanding secured borrowings - ₹6.72 Cr
Offer for Sale – ₹0 Crore
Before Issue: 83.63%
After Issue: 61%
Shareholder Lock-in Schedule
Lock-in / Stabilization | Timeline |
|---|---|
Promoters' Minimum Contribution | 3 Years from the date of allotment in the IPO |
Remaining Pre-IPO Promoter Shareholding | 1 Year from the date of allotment in the IPO |
Anchor Investor Allocation | 50% for 90 Days and remaining 50% for 180 Days from the date of allotment |
Note: Retail IPO investors have no lock-in and can sell shares from the listing day.
Metalic Technoforge IPO Subscription Status
Category | Subscription |
|---|---|
Qualified Institutional Buyers | - |
Retail Individual Investor | - |
Non-Institutional Investor | - |
Others | - |
Total | 7.95x |
About Metalic Technoforge IPO: Company Overview
Metalic Technoforge Limited, incorporated in 2016, is engaged in the manufacturing of closed-die forged and precision-machined engineering components used in automotive and industrial applications. The company produces safety-critical products such as rings, ball studs, gear blanks, gears, coupling assemblies, and other precision components that require high manufacturing accuracy.
The company serves both domestic and international OEMs across automotive and non-automotive industries, including automobile manufacturers, tractor and commercial vehicle companies, agricultural equipment manufacturers, hydraulic machinery, construction equipment, and general engineering businesses. Its manufacturing facility is located in Rajkot, Gujarat.
As of March 1, 2026, the company had an order book worth approximately Rs. 24.47 crore, reflecting healthy demand for its products. The IPO proceeds will primarily be used to establish a new manufacturing unit, upgrade existing facilities, repay a portion of outstanding borrowings, and support general corporate purposes.
Financially, Metalic Technoforge has delivered steady growth over the last three years. For FY2026, the company reported total income of Rs. 97.98 crore and a Profit After Tax (PAT) of Rs. 12.36 crore, compared with Rs. 75.64 crore revenue and Rs. 9.03 crore PAT in FY2025.
Strengths & Risks of Metalic Technoforge IPO
Diversified Product Portfolio: The company manufactures a wide range of forged and precision-machined components catering to both automotive and industrial customers, reducing dependence on a single product category.
Strong Revenue and Profit Growth: Metalic Technoforge recorded around 30% revenue growth and 37% growth in PAT during FY2026, reflecting healthy business expansion.
Established OEM Customer Base: The company supplies components to domestic as well as international OEMs across multiple industries, helping maintain recurring business opportunities.
Capacity Expansion Through IPO: A major portion of the IPO proceeds will be invested in setting up Manufacturing Unit IV and upgrading existing facilities, supporting future growth.
Improving Financial Ratios: The company has maintained healthy EBITDA margins while reducing its Debt-to-Equity ratio from 1.61 to 0.95, indicating improved financial strength.
Dependence on Manufacturing Industries: A slowdown in the automotive or industrial engineering sectors could directly impact order volumes and revenue growth.
SME Listing Risk: As the IPO will be listed on the NSE SME platform, investors may experience relatively lower liquidity and higher price volatility compared to mainboard stocks.
Customer Concentration Risk: A significant portion of revenue may come from OEM customers. Any loss of key clients or reduction in orders could affect financial performance.
Execution Risk: The company's future growth depends on the successful completion and utilization of the proposed manufacturing expansion.
Borrowing Levels: Although part of the IPO proceeds will reduce debt, the company still carries borrowings that require effective financial management.
Metalic Technoforge Financials: Revenue, Profit & EBITDA
97.98 Cr.
Mar'26
12.36 Cr.
Mar'26
21.95 Cr.
Mar'26
How to Apply for Metalic Technoforge IPO: Step-by-Step Guide
- Research the IPO:Review the prospectus and company details.
- Open accounts:Ensure you have a demat and trading account.
- Check dates:Note the IPO opening and closing dates.
- Apply online:Log in to your brokerage account and complete the IPO application form.
- Make payment:Pay through your linked bank account.
- Submit application:Confirm and submit your application.
- Track status:Monitor the allotment status and check for shares in your demat account upon listing.
Metalic Technoforge IPO Market Sentiment: See How Many Are Interested
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