Advance Technoforge IPO
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Advance Technoforge IPO details
Schedule of Advance Technoforge
| Issue open date | 27 Jul 2026 |
| Issue close date | 29 Jul 2026 |
| UPI mandate deadline | 29 Jul 2026 (5 PM) |
| Allotment finalization | 30 Jul 2026 |
| Refund initiation | 31 Jul 2026 |
| Share credit | 31 Jul 2026 |
| Listing date | 03 Aug 2026 |
| Mandate end date | 13 Aug 2026 |
| Lock-in end date for anchor investors (50%) | 28 Aug 2026 |
| Lock-in end date for anchor investors (remaining) | 28 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 Advance Technoforge
Advance Technoforge Limited is engaged in manufacturing forged steel machined components using carbon steel, alloy steel, and stainless steel. The company specialises in closed die forging, upset forging, and ring rolling forging, providing products in both rough and precision machined conditions. It manufactures and supplies precision machined components as per customer specifications and international standards for original equipment manufacturers (OEMs) and various end-use industries, including automotive, general engineering, oil and gas, earthmoving and agriculture equipment, hydraulic cylinders, power transmission, and railways. Revenue is generated primarily from the sale of these manufactured forging and precision machine components across domestic and international export markets. Operating from its manufacturing facilities in Rajkot, Gujarat, the company maintains in-house testing, forging, and machining capabilities, adhering to international quality standards such as IATF 16949 and ISO 9001.
Financials of Advance Technoforge
Issue size
| Funds Raised in the IPO | Amount (₹ Cr.) |
| Total issue size | 24.03 |
| Fresh Issue – Proceeds go to the company | 24.03 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Machinery Purchase & Installation | 7.19 (29.92%) |
| Working Capital Requirements | 7.25 (30.17%) |
| Repayment/prepayment of borrowings | 2.4 (9.99%) |
| General corporate purposes | 3.59 (14.94%) |
| Issue Expenses |
3.6 (14.98%) |
Strengths
- Strategic location of manufacturing facilities in Rajkot, Gujarat.
- Experienced Promoters and management team actively involved in operations.
- Established customer base and strong existing relationships with clients across industries.
- Successful and proven track record of producing forged and precision-machined parts.
- Offering flexible operations, strong technical capabilities, and execution to maintain quality standards.
Risks
- Reliance on a limited group of key customers for a significant portion of operational revenue.
- Reliance on a limited number of suppliers for steel without long-term supply agreements.
- Manufacturing capacity is currently underutilised, which may affect operational efficiency and profitability.
- Operations are working capital-intensive with a time lag in customer payment collections.
- Previous filing of the Draft Prospectus was withdrawn, which may be perceived negatively.