Metalic Technoforge IPO

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.