Advance Technoforge IPO
Market Sentiment
IPO Details
Market Lot Size
IPO Reservation
Day-wise Subscription (times subscribed)
Financial Analysis
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | 48.24 | 51.16 | 50.73 |
| Expense | 45.97 | 47.63 | 45.20 |
| Profit (PAT) | 1.70 | 2.70 | 4.06 |
| Total Assets | 28.65 | 39.51 | 46.92 |
| Company | EPS | P/E | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Tirupati Forge Limited | 0.51 | 93.56 | 5.24 | 10.53 | 162.48 Cr |
| Forge Auto International Limited | 9.91 | 9.39 | 17.00 | 63.23 | 226.13 Cr |
Promoters: Nilesh Shambhubhai Moliya, Pradipbhai Bhikhabhai Vora, Daxaben Nileshbhai Moliya and Kajal Alpesbhai Moliya
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 25,29,600 | 100.00% |
| Promoter Holding Post Issue | – | 71.99% |
Strengths & Risks
- Solid profit margin — 8.0%.
- Strong return on equity — 30%.
- Revenue fell 1% in the latest reported year.
- Elevated leverage — debt/equity of 1.29.
Auto-generated from live GMP, subscription, valuation and financial data. Informational only — not investment advice. Always read the RHP before applying.
Company Information
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.
| Purpose | Amount (Cr) |
|---|---|
| Purchase and installation of machinery for manufacturing of precision machine components at the Existing Premises (Including GST) | 6.08 |
| Part Funding of working capital requirements | 5.00 |
| General Corporate Purpose | - |
Resources & Documents
Advance Technoforge Ltd., Sr. No.121, Plot No.1 to 6, At& Po. Padavala Road,, Opp. Eaterflow Piping System,, Veraval Shapar, Lodhika, Rajkot, Gujarat, 360024
Advance Technoforge has fixed the issue price at Rs 95 per share for an issue size of Rs 24 crore. The stock listed with a 1.05% discount versus its issue price on August 03, 2026.
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.
The issue is promoted by Nilesh Shambhubhai Moliya, Pradipbhai Bhikhabhai Vora, Daxaben Nileshbhai Moliya and Kajal Alpesbhai Moliya with Sun Capital Advisory Services Pvt. Ltd. acting as lead manager. Net proceeds will primarily be used towards Purchase and installation of machinery for manufacturing of precision machine components at the Existing Premises (Inclu… (Rs 6 crore) and Part Funding of working capital requirements (Rs 5 crore).
Grey market is quoting a premium of +Rs 4 (+4.2% over issue price), down Rs 2 from the previous session. Final subscription data records overall subscription at 1.61x, retail at 2.68x, NII at 0.53x.
On fundamentals, the company is posting revenue growth of -0.8%, a profit margin of 8.0%, return on equity of 30.3% in its most recent reported period. Listed peers in this segment include Tirupati Forge Limited (P/E 93.56x) and Forge Auto International Limited (P/E 9.39x) — useful reference points when evaluating the issue's pricing relative to where the broader sector are trading.
Our data-driven engine currently flags this issue as an Avoid view — key indicators are weak enough that the risk-reward looks unfavourable for now. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Advance Technoforge IPO GMP — What It Means
The latest grey market premium for Advance Technoforge IPO is ₹4 (+4.2%). GMP is an unofficial, dealer-quoted figure that hints at expected listing-day demand — it is not a guaranteed listing price. For Advance Technoforge it should be read alongside the subscription numbers and the company's fundamentals, since grey-market premiums can swing sharply during the bidding window.
See the full Advance Technoforge GMP history and trend, or learn how grey market premium works and how reliable it is.
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