Metalic Technoforge IPO
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Metalic Technoforge IPO details
Schedule of Metalic Technoforge
| Issue open date | 21 Jul 2026 |
| Issue close date | 23 Jul 2026 |
| UPI mandate deadline | 23 Jul 2026 (5 PM) |
| Allotment finalization | 24 Jul 2026 |
| Refund initiation | 27 Jul 2026 |
| Share credit | 27 Jul 2026 |
| Listing date | 28 Jul 2026 |
| Mandate end date | 07 Aug 2026 |
| Lock-in end date for anchor investors (50%) | 22 Aug 2026 |
| Lock-in end date for anchor investors (remaining) | 21 Oct 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Metalic Technoforge
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.
Financials of Metalic Technoforge
Issue size
| Funds Raised in the IPO | Amount (₹ Cr.) |
| Total issue size | 49.96 |
| Fresh Issue – Proceeds go to the company | 49.96 |
Utilisation of Proceeds
| Purpose | INR Crores (%) |
| Build Unit IV and upgrade Rajkot plants | 30.81 (61.67%) |
| Repay outstanding secured bank loans | 6.72 (13.45%) |
| General corporate purposes | 12.43 (24.88%) |
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%.