Metalic Technoforge IPO
Market Sentiment
IPO Details
Market Lot Size
IPO Reservation
Day-wise Subscription (times subscribed)
Financial Analysis
| Metric | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Revenue | 47.13 | 51.50 | 75.64 | 97.98 |
| Expense | 45.39 | 45.58 | 63.05 | 80.35 |
| Profit (PAT) | 1.26 | 4.26 | 9.03 | 12.36 |
| Total Assets | 21.23 | 33.67 | 65.10 | 92.09 |
| Company | EPS | P/E | RoNW % | NAV |
|---|---|---|---|---|
| Amic Forging Limited | 26.78 | 66.91 | 13.31 | 197.60 |
| Tirupati Forge Limited | 0.51 | 135.43 | 4.72 | 10.53 |
| Paramount Speciality Forgings Limited | 2.16 | 14.93 | 7.57 | 28.57 |
Promoters: Mr. Gajipara Keyur Dhirajlal, Mr. Trambadiya Dhaval Vrajlal, Mr. Vadodariya Satish Rameshbhai, Mr. Kapadiya Vipul K, Mr. Rupapara Jay Rameshbahi, Mr. Gajipara Ronakkumar Mansukhbhai, and Ms. Ekta Satish Vadodariya
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 1,74,96,400 | 83.62% |
| Promoter Holding Post Issue | 2,39,84,400 | 61.00% |
Strengths & Risks
- Strongly subscribed — 8.5x overall (so far).
- Strong institutional (QIB) demand — 4.6x.
- Revenue grew 30% in the latest reported year.
- Solid profit margin — 12.6%.
- Strong return on equity — 49%.
Our metrics didn't flag a major concern for Metalic Technoforge from the disclosed data — but this isn't a clean bill of health. Read the risk-factors section of the RHP, which lists company-specific risks our data can't capture.
Auto-generated from live GMP, subscription, valuation and financial data. Informational only — not investment advice. Always read the RHP before applying.
Company Information
Metalic Technoforge Ltd., founded in October 2016, is one of the leading manufacturers of closed-die forged and precision machined components. Its product range comprises safety-critical forged and precision-machined products, including big and small rings, ball studs, gear blanks with broaching, gears, coupling assemblies, and other critical components. Its products cater to national and international OEMs in various automotive and non-automotive sectors. In automotive OEMs, it includes automobiles, tractors, and commercial vehicles. Non-automotive OEMs include manufacturers of agricultural equipment, hydraulic equipment, construction machinery, and general engineering products. Its manufacturing facility is located in Rajkot, Gujarat. As of 2026, Metallic Technoforge had an order book of ₹2,447.06 lakhs.
| Purpose | Amount (Cr) |
|---|---|
| Funding of capital expenditure requirements of the Company towards setting up of the proposed Manufacturing Unit IV and upgradation of existing units at manufacturing facility in Rajkot, Gujarat | 30.81 |
| Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by the Company. | 6.72 |
| General Corporate Purpose | - |
Resources & Documents
Metalic Technoforge Ltd., Sr. No.-129/1 P4(New Survey no. 296), Plot No.-5&6, Padavala Main Road, Opp. Electric Power House, Kot, VillagePadavala, Veraval (Shapar), Kotda Sanghani, Rajkot, Gujarat, 360024
Metalic Technoforge has set a price band of Rs 72–Rs 77 per share for an issue size of Rs 50 crore. The stock listed with a 12.99% gain versus its issue price on July 28, 2026.
Metalic Technoforge Ltd., founded in October 2016, is one of the leading manufacturers of closed-die forged and precision machined components. Its product range comprises safety-critical forged and precision-machined products, including big and small rings, ball studs, gear blanks with broaching, gears, coupling assemblies, and other critical components.
The issue is promoted by Mr. Gajipara Keyur Dhirajlal, Mr. Trambadiya Dhaval Vrajlal, Mr. Vadodariya Satish Rameshbhai, Mr. Kapadiya Vipul K, Mr. Rupapara Jay Rameshbahi, Mr. Gajipara Ronakkumar Mansukhbhai, and Ms. Ekta Sati… with Smart Horizon Capital Advisors Pvt.Ltd. acting as lead manager. Net proceeds will primarily be used towards Funding of capital expenditure requirements of the Company towards setting up of the proposed Manufacturing Unit IV and… (Rs 31 crore) and Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by the Company. (Rs 7 crore).
Grey market is quoting a premium of +Rs 6 (+7.8% over issue price), up Rs 5 from the previous session. Final subscription data records overall subscription at 8.54x, retail at 6.98x, QIB at 4.58x, NII at 17.42x.
On fundamentals, the company is posting revenue growth of 29.5%, a profit margin of 12.6%, return on equity of 48.7% in its most recent reported period. Listed peers in this segment include Amic Forging Limited (P/E 66.91x) and Tirupati Forge Limited (P/E 135.43x) — 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 a Neutral stance — the data is mixed and the risk-reward is balanced rather than one-sided. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Metalic Technoforge IPO GMP — What It Means
The latest grey market premium for Metalic Technoforge IPO is ₹6 (+7.8%). GMP is an unofficial, dealer-quoted figure that hints at expected listing-day demand — it is not a guaranteed listing price. For Metalic 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 Metalic Technoforge GMP history and trend, or learn how grey market premium works and how reliable it is.
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