Listing Performance
Listed
Issue Price
₹72
Listed On
28 Jul 2026
- Price Band
- ₹72 – ₹72
- Lot Size
- 1600
- Lot Value
- ₹1,15,200
- Open Date
- 21 Jul 2026
- Close Date
- 23 Jul 2026
- Min Investment
- ₹1,15,200
About Metalic Technoforge Limited
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.
Investment Analysis
Quick Analysis: 5 strengths · 5 risk factors· Exchange: NSE
Strengths (5)
- •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.
Risk Factors (5)
- •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%.
📊 Algorithmic Score
Computed from issue structure — GMP, fresh issue %, OFS %, issue size
Why do these differ? The Algorithmic Score measures issue quality (structure, size, promoter commitment). The Demand Analysis measures investor interest signals (subscription, GMP, risks). A high-quality issue can still have unconfirmed demand — especially before subscription opens.
✍️ Demand & Risk Analysis
Based on market demand signals — subscription, GMP trend, risk factors
IPO Market Analysis
“Mixed signals — moderate demand and average GMP suggest cautious participation. Apply based on company fundamentals rather than listing gain expectations.”
- ✅Subscribed 6x
- ✅QIB subscribed 1.8x
- ⚠️Neutral GMP +8%
- ✅5 business strengths identified
- ⚠️5 risk factors noted
This is algorithmic analysis, not investment advice. Always read the DRHP before investing.
Application Lot Sizes
Retail caps at ₹2,00,000 (1 lots here). S-HNI is ₹2L–₹10L, B-HNI is above ₹10L.
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1,600 | ₹1,15,200 |
| Retail (max) | 1 | 1,600 | ₹1,15,200 |
| S-HNI (min) | 2 | 3,200 | ₹2,30,400 |
| S-HNI (max) | 8 | 12,800 | ₹9,21,600 |
| B-HNI (min) | 9 | 14,400 | ₹10,36,800 |
Subscription Status
| Category | Day 2 | Day 3 |
|---|---|---|
| QIB | 0.19x | 1.84x |
| sNII (S-HNI) | — | — |
| bNII (B-HNI) | — | — |
| Retail | 1.14x | 6.76x |
| Total | 0.64x | 5.91x |
Colour: red <1x · amber 1–10x · green ≥10x oversubscribed.
Allotment Statistics
Retail Individual Investors (RII)
Subscription
6.76x
Allotment Ratio
1 lot per 7 applicants
Allotment Probability
~14.8%
Non-Institutional Investors (NII / HNI)
Subscription
17.39x
Allotment Type
Proportionate allotment
Qualified Institutional Buyers (QIB)
Subscription
1.84x
Allotment Type
Discretionary allotment
Total Subscription
5.91x
Allotment probability is estimated based on subscription data and is not guaranteed. Actual allotment depends on the registrar's process.
Basis of Allotment
Category-wise subscription & allotment ratio
Weigh your chances
IPO Timeline
Issue Opens
21 Jul 2026 · Tue
Issue Closes
23 Jul 2026 · Thu
UPI Deadline
23 Jul 2026 · Thu
Allotment
24 Jul 2026 · Fri
Refund
27 Jul 2026 · Mon
Share Credit
27 Jul 2026 · Mon
Listing
28 Jul 2026 · Tue
Issue Opens
21 Jul 2026 · Tue
Issue Closes
23 Jul 2026 · Thu
UPI Deadline
23 Jul 2026 · Thu
Allotment
24 Jul 2026 · Fri
Refund
27 Jul 2026 · Mon
Share Credit
27 Jul 2026 · Mon
Listing
28 Jul 2026 · Tue
IPO Details
| Registrar | Bigshare Services Private Limited |
| Exchange | NSE |
| ISIN | — |
| Face Value | — |
| Issue Size | ₹50.00 Cr |
| Fresh Issue | — |
| OFS Size | — |
| Lead Managers | — |
3-Year Financial Summary
Financial data not available yet.
Check the valuation yourself
Company Fundamentals
Capital Structure
Capital structure not yet available.
Shareholding Pattern
Shareholding pattern not yet available.
Reservations & OFS
Reservation & OFS detail not yet available.
Board & Management
Board & management not yet available.
Industry & Market
Industry & market data not yet available.
Registrar (RTA)
SEBI-registered Registrar & Transfer Agent — handles allotment and refunds.
Registrar:Bigshare Services Private Limited→Documents
Frequently Asked Questions
When is the Metalic Technoforge Limited IPO opening?
The Metalic Technoforge Limited IPO opens on 21 Jul 2026 and closes on 23 Jul 2026. Check this page for the latest updates as we refresh every 30 minutes.
What is the price band of the Metalic Technoforge Limited IPO?
The price band for the Metalic Technoforge Limited IPO is ₹72 to ₹72. The final price is announced after the book-building process and is confirmed before listing.
What is the lot size and minimum investment for the Metalic Technoforge Limited IPO?
The minimum lot size is 1600 shares with a minimum investment of ₹1,15,200. Retail investors can apply for up to the retail limit defined by SEBI.
What is the GMP of Metalic Technoforge Limited IPO today?
The latest Grey Market Premium for Metalic Technoforge Limited is ₹6 (+7.80%). GMP is unofficial data and is not a guarantee of listing price.
When will the Metalic Technoforge Limited IPO list on NSE and BSE?
The Metalic Technoforge Limited IPO is expected to list on 28 Jul 2026 on NSE. Actual listing day trading begins at the start of the normal market session.
How can I check the Metalic Technoforge Limited IPO allotment status?
The registrar for this IPO is Bigshare Services Private Limited. You can check your allotment status on the registrar's portal using your PAN, application number, or DP ID. We link to the registrar directly on our allotment page after the allotment date.
Is the Metalic Technoforge Limited IPO a mainboard or SME issue?
Metalic Technoforge Limited is a SME IPO that will list on the NSE Emerge or BSE SME platform. SME IPOs require a minimum application value of one lakh rupees.
How do I apply for the Metalic Technoforge Limited IPO?
You can apply for the Metalic Technoforge Limited IPO through any SEBI-registered broker such as Zerodha, Upstox, or Angel One using UPI or ASBA. Use the Apply Now buttons on this page to go directly to the broker.
What is the expected listing price of Metalic Technoforge Limited IPO?
Based on the current GMP of ₹6, the expected listing price of Metalic Technoforge Limited is ₹78 (issue price ₹72 + GMP ₹6). Note that GMP is unofficial grey market data and actual listing price may differ.
What is the allotment ratio for Metalic Technoforge Limited IPO?
Based on the retail subscription of 6.76x, the estimated allotment ratio is 1 lot per 7 applicants (approximately 14.8% chance of allotment). This is an estimate and actual allotment may vary.
Should I subscribe to Metalic Technoforge Limited IPO?
Based on our algorithmic analysis, Metalic Technoforge Limited IPO is rated NEUTRAL with high confidence. Mixed signals — moderate demand and average GMP suggest cautious participation. Apply based on company fundamentals rather than listing gain expectations. This is not investment advice — please read the DRHP and consult a financial advisor before investing.
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