Advance Technoforge Limited (ATL) is engaged in the manufacturing and supply of forged and precision-machined components with value-added surface treatments such as powder coating, CED coating, Magni coating, plating, polishing, passivation, ultrasonic cleaning, and galvanizing.
The company caters to a wide range of industries, including automotive, industrial valves & pumps, oil & gas, earth-moving equipment, agricultural machinery, power transmission, construction equipment, railways, electric transmission & switchgear, EGR coolers, heat exchangers, and other industrial applications.
With over 20 years of manufacturing experience, the company supplies high-precision and safety-critical forged components to leading domestic and global OEMs. Advance Technoforge manufactures components as per customer specifications and international standards, supported by certifications including IATF 16949, ISO 9001, PED 2014/68/EU, AD 2000 W0, IBR 1950, D&B, and ZED Bronze, ensuring high quality and traceability throughout the manufacturing process.
Key Products:
- Tow Hook Assembly: High-strength alloy steel component designed for electric SUVs, featuring polished and plated finishes.
- Retainer Plate: Carbon steel component used in material lifting equipment for structural support.
- Cross Member: Carbon steel structural component used in heavy-duty material handling applications.
- Connecting Rod: Precision-engineered carbon steel component used in automotive engines.
- Boden (End Cap): Carbon steel hydraulic component designed for sealing and durability in hydraulic systems.
The company operates an integrated manufacturing facility in Rajkot, Gujarat, with an installed forging capacity of 6,000 MT per annum across three production lines equipped with advanced forging and machining infrastructure.
As of 24 February 2025, Advance Technoforge had 136 employees engaged across manufacturing, marketing, administration, finance, legal, and other business functions.
Advance Technoforge IPO – Details
| IPO Opening Date | 27 July 2026 |
| IPO Closing Date | 29 July 2026 |
| Issue Type | Fixed Price IPO |
| Issue Size | Total Issue: 25,29,600 Shares Worth ₹24.03 Crore Fresh Issue: 25,29,600 Shares Worth ₹24.03 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹95 per share |
| Market Lot | 1200 Shares |
| Min Order | 1200 Shares [ 1 Lot ] |
| Listing At | BSE SME |
| Registrar | Kfin Technologies Ltd. |
| NII Shares Offered | 50% |
| Retail Shares Offered | 50% |
Advance Technoforge IPO – Date Schedule
| IPO Open Date | 27 July 2026 |
| IPO Close Date | 29 July 2026 |
| Basis of Allotment | 30 July 2026 |
| Initiation of Refund | 31 July 2026 |
| Credit of Shares to Demat | 31 July 2026 |
| IPO Listing Date | 03 August 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 29, 2026 |
Advance Technoforge IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2400 | ₹2,28,000 |
| Retail (Max) | 2 | 2400 | ₹2,28,000 |
| S-HNI (Min) | 3 | 3600 | ₹3,42,000 |
Competitive Strength
- Experienced Promoters and Senior Management.
- Integrated Manufacturing Facility with diversified product portfolio.
- Large-scale Manufacturing Capabilities.
- Long-Standing Relationship with Interested Parties.
Company Promoters
- Nilesh Shambhubhai Moliya
- Pradipbhai Bhikhabhai Vora
- Daxaben Nileshbhai Moliya
- Kajal Alpesbhai Moliya
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax |
|---|---|---|---|
| 31 March 2023 | ₹37.91 Cr | ₹36.92 Cr | ₹0.75 Cr |
| 31 March 2024 | ₹48.24 Cr | ₹45.97 Cr | ₹1.70 Cr |
Key Performance Indicator
| KPI | Values (Mar 31, 2026) |
|---|---|
| ROE | – |
| ROCE | – |
| Debt/Equity | – |
| RoNW | – |
| PAT Margin | – |
| EBITDA Margin | – |
| Price to Book Value | – |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | – | – |
| P/E (x) | – | – |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| Purchase and installation of machinery for manufacturing of precision machine components at the Existing Premises (Including GST). | ₹6.08 |
| Part Funding of working capital requirements. | ₹5.00 |
| General Corporate Purpose. | – |
✅Strengths
- Integrated forging and precision machining capabilities.
- Diversified product portfolio serving multiple industries.
- Long-standing relationships with domestic and global OEMs.
- Experienced management with over two decades of industry expertise.
⚠️Risks
- High dependence on working capital borrowings.
- Exposed to foreign exchange fluctuation risks.
- Revenue depends on demand from engineering and automotive sectors.
- Business requires continuous capital investment for expansion.
Advance Technoforge IPO Promoter Holding
| Pre-Issue Share Holding | 100.00% |
| Post Issue Share Holding | 71.99% |
Advance Technoforge IPO Prospectus
- Advance Technoforge IPO DRHP
- Advance Technoforge IPO RHP
Company Contact Information
| Advance Technoforge Limited Sr. No.121, Plot No.1 to 6, At& Po. Padavala Road, Opp. Eaterflow Piping System, Veraval Shapar, Lodhika Rajkot, Gujarat, 360024 Phone: +91 9825368310 Email: cs@advancetechforge.com Website: https://www.advancetechforge.com/ |
Advance Technoforge IPO Registrar
| Kfin Technologies Ltd. Phone: 040-79615565 Email: ncml.ipo@kfintech.com Website: https://ipostatus.kfintech.com/ |
Advance Technoforge IPO Lead Manager(s)
| 1. Sun Capital Advisory Services Pvt. Ltd. |
Advance Technoforge IPO FAQ
| What is the Advance Technoforge IPO? Advance Technoforge IPO is an SME IPO. The issue is priced at ₹95 per equity share. The IPO is to be listed on BSE SME. |
| When will Advance Technoforge IPO open? The IPO is to open on 27 July 2026 for QIB, NII, and Retail Investors. |
| What is the Advance Technoforge IPO Investors’ Portion? The investors’ portion for NII – 50.00%, and Retail – 50.00%. |
| What is the Advance Technoforge IPO Size? Advance Technoforge IPO size is ₹24.03 Crore. |
| What are the Advance Technoforge IPO Minimum and Maximum Lot Sizes for Retail Investors? The minimum bid is 2400 Shares for ₹2,28,000, while the maximum bid is 2400 Shares for ₹2,28,000. |
| What is the Advance Technoforge IPO Allotment Date? Advance Technoforge IPO allotment date is 30 July 2026. |
| What is the Advance Technoforge IPO Listing Date? Advance Technoforge IPO listing date is 03 August 2026. The IPO is to be listed on the BSE SME. |
