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  1. IPO
Metalic Technoforge IPO

9.67x

subscribed

Metalic Technoforge IPO

Engineering
listed
₹2.30LMin. investment
  1. Pre-apply
    20 Jul
  2. Bid start
    21 Jul
  3. Bid end
    23 Jul
  4. Allotment
    24 Jul
  5. Release of funds
    24 Jul
  6. Demat transfer
    27 Jul
  7. Listing
    28 Jul

Metalic Technoforge Limited IPO Details

SectorEngineering
Price range₹72.00 – ₹77.00
IPO type
SME
Lot size1600 shares
Issue size₹50Cr
Red Herring Prospectus
Read
Market Cap
₹184.68CrLower than sector avg
RevenueApr 2025 - Mar 2026
₹95.54CrLower than sector avg
Growth rate3Y CAGR
37.08%Higher than sector avg

Checklist

Quality analysis
Revenue growth
Company valuation
Earnings expansion
Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

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Revenue
Higher revenue means strong sales and good market demand
This IPO
₹95.54Cr
This sector
₹342.41Cr
Compare with companies
3Y growth
Strong 3-year growth shows consistent progress and potential
This IPO
37.08%
This sector
0.01%
Compare with companies
PAT
Higher PAT means strong profitability and efficient cost management
This IPO
₹12.36Cr
This sector
₹38.53Cr
Compare with companies
Market cap
Higher market cap means strong confidence but may suggest overvaluation
This IPO
₹184.68Cr
This sector
₹1,862.48Cr
Compare with companies
P/E ratio
Lower ratio usually means stock is undervalued
This IPO
10.81
This sector
31.54
Compare with companies
D/E ratio
Lower ratio usually means fewer liabilities
This IPO
0.95
This sector
0.53
Compare with companies

Objectives

Capital expenditure
61.60%
General corporate purposes
24.80%
Repayment of debt
13.40%

About Metalic Technoforge Limited

Incorporated in 2016, Metalic Technoforge is engaged in manufacturing closed-die forged and precision-machined components. The company supplies a wide range of complex and safety-critical products like rings, ball studs, gear blanks, gears, coupling assemblies and other engineered components. These products are supplied to original equipment manufacturers (OEMs) operating across automotive as well as industrial sectors.
The company’s customer base includes manufacturers of passenger vehicles, commercial vehicles, tractors, agricultural equipment, hydraulic systems, construction machinery and general engineering products. Manufacturing is carried out using carbon steel, alloy steel, stainless steel and selected non-ferrous metals such as aluminium, brass and copper, depending on customer specifications.
The manufacturing facility is located at Rajkot, Gujarat and consists of four units spread across nearly 5,969 square metres. The company has installed a 1 MW captive solar power plant spread over around 4 acres in Surendranagar, Gujarat. The plant currently meets ~40% to 60% of the company's electricity requirement, helping reduce dependence on conventional power sources and lowering operating costs to improve energy efficiency.
Farm equipment and off-highway vehicles contributed the largest share of revenue at 29.6%, followed by general engineering at 21.5% and oil & gas at 12.00% in FY26. Exports accounted for 35.4% of total revenue, with Germany being the largest overseas market. Gujarat remained its largest domestic market, contributing nearly half of total revenue in FY26. Repeat customers contributed ₹85.13 crore (89.1%) of revenue from operations, while new customers contributed ₹10.41 crore or 10.9% in FY26. The largest supplier supplied for 25.8% of total purchases, while the top ten suppliers accounted for 68.1% of procurement in FY26.

Metalic Technoforge IPO Subscription Status

Date
QIB
NII
Retail
Total
21-Jul-26
0.0 times (X)
0.89 times (X)
0.6 times (X)
0.43 times (X)
22-Jul-26
0.48X
2.94X
1.15X
1.08X
23-Jul-26
4.58X
51.93X
6.49X
9.67X

Frequently asked questions

Investors can apply for the Metalic Technoforge IPO through their Demat account via the stock exchange or through their broker.
The issue size of the Metalic Technoforge IPO is 50 Cr.
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.