Metalic Technoforge came to market through an SME IPO that opened on 21 July 2026 and closed on 23 July 2026, and the shares listed on 28 July 2026 on NSE SME. The price band was ₹72 to ₹77 per share and one lot was 1600 shares, so the minimum application was ₹1,23,200. The issue size was ₹49.96 crore. The whole issue was fresh shares, so the money raised went to the company.
It listed at ₹87, a gain of 13% against the issue price of ₹77. Bigshare Services Pvt.Ltd was the registrar to the issue, and Smart Horizon Capital Advisors Pvt.Ltd was the lead manager.
As of 23 July 2026.
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Overall the issue was subscribed 8.55 times.
Metalic Technoforge Ltd., which was incorporated in October 2016, specializes in manufacturing closed-die forging and machining products. The Company's portfolio consists of complex forged and machined parts including rings of different sizes, ball studs, gear blanks with broaching, gears, couplings, and others. The customers of the Company can be both domestic and international OEMs from the automotive and non-automotive segments. Among the automotive OEMs there are producers of automobiles, tractors and commercial vehicles;
among the non-automotive OEMs there are producers of agriculture machinery, hydraulic machinery, construction machinery, and engineering products. The production facility of the Company is located in Rajkot, Gujarat. On February 28, 2026, the company employed 188 persons.
As described in the offer document.
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Metalic Technoforge Limited finalised its anchor investor allocation on July 20, 2026, raising ₹14.17 crore from 7 institutional investors at an anchor price of ₹77 per share, including a share premium of ₹67. The anchor book comprises 18,40,000 equity shares allocated across alternative investment funds and non-mutual fund institutional investors. Solidarity Micro Cap Emerging Leader AIF received the largest allocation at 28.26%, followed by Aarth AIF Growth Fund and India Equity Fund 1 each at 21.22%.
IMAP India Capital Investment Trust – Catalyst New India Fund received 7.91%, while Brescon Opportunities Fund, Tiger Strategies Fund-I, and Mili Capital Investment Trust – Mili Emerging Equities Fund each received 7.13% of the anchor portion.
Gajipara Keyur Dhirajlal, Trambadiya Dhaval Vrajlal, Vadodariya Satish Rameshbhai, Kapadiya Vipul K, Rupapara Jay Rameshbahi, Gajipara Ronakkumar Mansukhbhai, Ekta Satish Vadodariya. Promoter holding 83.63% before the issue and 61.00% 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.
Metalic Technoforge IPO was a ₹49.96 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹72–₹77 per share with a lot size of 1,600 shares; the minimum retail application was 3,200 shares (₹2,46,400). The IPO was open from July 21 to July 23, 2026 and was subscribed 8.55x. Shares listed on NSE SME on July 28, 2026 at ₹87, a 13.0% premium to the issue price of ₹77. Bigshare Services Pvt. Ltd. is the registrar.
Smart Horizon Capital Advisors Pvt. Ltd. is the book running lead manager.
The price band of Metalic Technoforge IPO is ₹72 to ₹77 per share.
The lot size of Metalic Technoforge IPO is 1600 shares.
The minimum investment for Metalic Technoforge IPO is approximately ₹2,46,400 based on the upper price band.
The allotment date of Metalic Technoforge IPO is Jul 24, 2026.
You can check Metalic Technoforge IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Metalic Technoforge IPO allotment status on Rupix for quick and easy access.
₹72 to ₹77 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 1600 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,23,200. After listing, SME shares also trade in lots rather than one share at a time.
₹1,23,200, for one lot of 1600 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 21 July 2026 and closed on 23 July 2026.
The basis of allotment was published on 24 July 2026 by Bigshare Services Pvt.Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 28 July 2026 on NSE SME, opening at ₹87.
The issue size was ₹49.96 crore. The fresh issue was 64,88,000 shares (aggregating up to ₹49.96 crore).
It listed at ₹87 against an issue price of ₹77, a gain of 13 percent on listing day.