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Latest GMP
- Lead Manager
- Smart Horizon Capital Advisors Private Limited
- IPO Registrar
- Bigshare Services Private Limited
- IPO Open Date
- 21st Jul 2026
- IPO Close Date
- 23rd Jul 2026
- Allotment date
- 24th Jul 2026
- Listing date
- 28th Jul 2026
- Issue Size
- ₹ 50 Cr.
- Issue Price Band
- ₹ 72 to 77
- Lot Size
- 3200 Share
- Minimum Investment
- ₹ 246400
Disclaimer: IPO details, GMP, subscription figures, and other related information are for informational purposes only and may not always be accurate or up to date. Please verify the latest details from official sources before investing.
About Metalic Technoforge Limited
Incorporated in October 2016, Metalic Technoforge Ltd. manufactures closed-die forged and precision-machined components.
The company specialises in complex, 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.
Product Portfolio & Customer Base
Metalic Technoforge serves domestic and global Original Equipment Manufacturers (OEMs) across automotive and non-automotive sectors.
Automotive Sector
Manufacturers of automobiles, tractors, and commercial vehicles.
Non-Automotive Sector
Manufacturers of agricultural equipment, hydraulic equipment, construction machinery, and general engineering products.
Manufacturing Facility
The company’s manufacturing unit is located in Rajkot, Gujarat.
Order Book
As of March 01, 2026, the company had an order book of approximately ₹2,447.06 lakhs.
Workforce
As of February 28, 2026, the company had 188 personnel at its manufacturing units and registered office.
IPO Subscription Details
| Category | Shares Offered | Shares Applied | Subscription Times (x) |
|---|---|---|---|
| QIB (Ex Anchor) | 12,32,000 (28.52%) | 56,46,400 | 4.58 |
| NII | 9,28,000 (21.48%) | 1,61,68,000 | 17.42 |
| bNII (> ₹10L) | 6,17,600 (14.30%) | 1,31,87,200 | 21.35 |
| sNII (< ₹10L) | 3,10,400 (7.19%) | 29,80,800 | 9.60 |
| Retail | 21,60,000 (50.00%) | 1,51,16,800 | 7.00 |
| Total | 43,20,000 (100.00%) | 3,69,31,200 | 8.55 |
Grey Market Premium (GMP)
| GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Profit* | Last Updated |
|---|---|---|---|---|---|
| 27-07-2026 | ₹77 | ₹8.1 | ₹85.1 ( 10.52% ) | ₹25,920.00 | 27-Jul-2026 10:04 AM |
| 25-07-2026 | ₹77 | ₹6 | ₹83 ( 7.79% ) | ₹19,200.00 | 25-Jul-2026 11:54 AM |
| 24-07-2026 | ₹77 | ₹6 | ₹83 ( 7.79% ) | ₹19,200.00 | 24-Jul-2026 06:11 PM |
| 23-07-2026 | ₹77 | ₹1.5 | ₹78.5 ( 1.95% ) | ₹4,800.00 | 23-Jul-2026 04:26 PM |
Financials of Metalic Technoforge Limited
A quick overview of the key financial performance of Metalic Technoforge Limited.
Total Assets (₹ Cr)
Revenue (₹ Cr)
Profit after Tax (₹ Cr)
*All values are in Rs. Cr
Company Financials
Revenue decreased by 32%, Profit after Tax (PAT) decreased by 53%, Total Assets increased by 41% between FY2025 and FY2026.
| Period Ended | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue | 97.98 | 75.64 | 51.50 |
| Assets | 33.67 | 65.10 | 92.09 |
| Profit After Tax | 12.36 | 9.03 | 4.26 |
| EBITDA | 21.95 | 16.08 | 7.29 |
| Net Worth | 33.42 | 17.40 | 7.72 |
| Reserves & Surplus | 15.92 | 16.40 | 7.37 |
| Total Borrowings | 31.78 | 27.97 | 10.81 |
IPO Lot Size
Application
Lots
Shares
Amount
Individual Investors (IND) (Min)
2
6,400
₹ 4,92,800
Individual Investors (IND) (Max)
2
6,400
₹ 4,92,800
S-HNI (Min)
3
9,600
₹ 7,39,200
S-HNI (Max)
4
12,800
₹ 9,85,600
B-HNI (Min)
5
16,000
₹ 12,32,000
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual Investors (IND) (Min) | 2 | 6,400 | ₹ 4,92,800 |
| Individual Investors (IND) (Max) | 2 | 6,400 | ₹ 4,92,800 |
| S-HNI (Min) | 3 | 9,600 | ₹ 7,39,200 |
| S-HNI (Max) | 4 | 12,800 | ₹ 9,85,600 |
| B-HNI (Min) | 5 | 16,000 | ₹ 12,32,000 |
Key Performance Indicators (KPI)
| KPI | Latest |
|---|---|
| ROE (%) | 48.66 |
| ROCE (%) | 30.38 |
| Debt / Equity | 0.95 |
| RoNW (%) | 37 |
| PAT Margin (%) | 12.94 |
| EBITDA Margin (%) | 22.97 |
| Price to Book Value | 4.03 |
|
Pre IPO
Post IPO
|
|
| EPS (₹) |
7.07
5.16
|
| P/E (x) |
10.9
14.94
|
| Promoter Holding (%) |
83.63
61
|
| Market Cap | 184.68 |
IPO Lead Manager(s)
Lead Manager Details
- Smart Horizon Capital Advisors Private Limited
- Contact Person: Mr. Parth Shah
- SEBI Registration Number: INM000013183
- Investor Grievance Email: investor@shcapl.com
- Website: https://shcapl.com/
- Email: director@shcapl.com
- Phone: 022-28706822
- Address: B/908, Western Edge II, Kanakia Space, Behind Metro Mall, Off Western Express Highway, Magathane, Borivali East, Mumbai - 400066, Maharashtra, India
IPO Registrar
- Registrar Name
- Bigshare Services Private Limited
- ipo@bigshareonline.com
- Phone
- 022-6263 8200
- Contact Person
- Mr. Aniket Seebag
- SEBI Registration Number
- INR000001385
- Address
- Office No. S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri East, Mumbai - 400093, Maharashtra, India
- Website
- https://www.bigshareonline.com/
Company Contact Details
- Company Name
- Metalic Technoforge Limited
- Phone
- +91-9033332532
- Contact Person
- Ms. Parul Wadhawan, Company Secretary and Compliance Officer
- Corporate Identity Number
- U28999GJ2016PLC093975
- Address
- Sr. No. 129/1 P4 (New Survey No. 296), Plot No. 05 & 06, Padavala Main Road, Opp. Electric Power House, Village Padavala, Veraval (Shapar), Rajkot - 360024, Kotda Sanghani, Gujarat, India
- Website
- https://metalictechnoforge.com/
Metalic Technoforge Limited FAQs
