Advance Technoforge came to market through an SME IPO that opened on 27 July 2026 and closed on 29 July 2026, and the shares listed on 3 August 2026 on BSE SME. The price band was ₹95 per share and one lot was 1200 shares, so the minimum application was ₹1,14,000. The issue size was ₹24.03 crore. The whole issue was fresh shares, so the money raised went to the company.
It listed at ₹94, a loss of 1.1% against the issue price of ₹95. Kfin Technologies Ltd was the registrar to the issue, and Sun Capital Advisory Services Pvt.Ltd was the lead manager.
As of 29 July 2026.
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Overall the issue was subscribed 1.61 times.
Founded in the year 2013, Advance Technoforge Limited (ATL) is involved in the manufacturing and supply of forged and precision machined parts with coatings and treatments, catering to sectors such as automotive, valves, pumps, constructions, and many others. With over 20 years of experience, the company manufactures qualified product lines to the global original equipment manufacturers – OEMs in Automotive, oil and gas industries, earth moving equipment, Railway, and so on. Products: Tow Hook Assembly:
It is a rugged part that is used for fastening vehicles, manufactured using alloy steel with polished & plated finish, which can be used in US electric SUVs. Retainer Plate: It is a structural part that is used in material lifting equipment, manufactured using durable carbon steel. Cross Member: It supports material lifting equipment and is manufactured using carbon steel to provide strength. Connecting Rod:
It is a part of automotive engines, which is manufactured using carbon steel to bear maximum stress. Boden (End Cap): It is used in hydraulic applications, manufactured using carbon steel. As of 24th February 2025, the company has 136 employees as on engaged in manufacturing, marketing, administration, financial, legal, and other activities of the Company.
As described in the offer document.
| Metric | 31-Mar-26 | 31-Mar-25 | 31-Mar-24 |
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Nilesh Shambhubhai Moliya, Pradipbhai Bhikhabhai Vora, Daxaben Nileshbhai Moliya, Kajal Alpesbhai Moliya. Promoter holding 100% before the issue and 71.99% after.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Advance Technoforge IPO was a ₹24.03 crore fixed-price issue, made up entirely of a fresh issue. It was priced at ₹95 per share with a lot size of 1,200 shares; the minimum retail application was 2,400 shares (₹2,28,000). The IPO was open from July 27 to July 29, 2026 and was subscribed 1.61x. Shares listed on BSE SME on August 3, 2026 at ₹94, a 1.1% discount to the issue price of ₹95. Kfin Technologies Ltd. is the registrar.
Sun Capital Advisory Services Pvt. Ltd. is the book running lead manager.
The issue price of Advance Technoforge IPO is ₹95 per share (fixed price).
The lot size of Advance Technoforge IPO is 1200 shares.
The minimum investment for Advance Technoforge IPO is approximately ₹2,28,000 based on the issue price.
The allotment date of Advance Technoforge IPO is Jul 30, 2026.
You can check Advance Technoforge IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Advance Technoforge IPO allotment status on Rupix for quick and easy access.
₹95 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 1200 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,14,000. After listing, SME shares also trade in lots rather than one share at a time.
₹1,14,000, for one lot of 1200 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 27 July 2026 and closed on 29 July 2026.
The basis of allotment was published on 30 July 2026 by Kfin Technologies Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 3 August 2026 on BSE SME, opening at ₹94.
The issue size was ₹24.03 crore. The fresh issue was 25,29,600 shares (aggregating up to ₹24.03 crore).
It listed at ₹94 against an issue price of ₹95, a loss of 1.1 percent on listing day.