Metalic Technoforge Limited is engaged in the manufacturing of closed-die forged and precision-machined components catering to domestic and global OEM customers across multiple industries. The company specializes in producing complex and safety-critical engineering products used in demanding industrial applications.
Its product portfolio includes big and small rings, ball studs, gear blanks with broaching, gears, coupling assemblies, shafts, and other precision-engineered components used across various sectors.
The company serves both automotive OEMs, including automobile, tractor, and commercial vehicle manufacturers, and non-automotive OEMs operating in agricultural equipment, hydraulic systems, construction machinery, and general engineering industries.
The company operates integrated manufacturing facilities located in Rajkot, Gujarat, equipped with forging, machining, heat treatment, and quality testing capabilities to support end-to-end production requirements.
As of March 1, 2026, Metalic Technoforge had an order book of approximately ₹2,447.06 lakh, reflecting healthy business visibility. The company employed 188 personnel across its manufacturing units and registered office as of February 28, 2026.
Metalic Technoforge IPO – Details
| IPO Opening Date | 21 July 2026 |
| IPO Closing Date | 23 July 2026 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue: 64,88,000 Shares Worth ₹49.96 Crore Fresh Issue: 64,88,000 Shares Worth ₹49.96 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹72 – ₹77 per share |
| Market Lot | 1600 Shares |
| Min Order | 1600 Shares [ 1 Lot ] |
| Listing At | NSE SME |
| Registrar | Bigshare Services Pvt.Ltd. |
| QIB Shares Offered | 50% |
| NII Shares Offered | 15% |
| Retail Shares Offered | 35% |
Metalic Technoforge IPO – Date Schedule
| IPO Open Date | 21 July 2026 |
| IPO Close Date | 23 July 2026 |
| Basis of Allotment | 24 July 2026 |
| Initiation of Refund | 27 July 2026 |
| Credit of Shares to Demat | 27 July 2026 |
| IPO Listing Date | 28 July 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 23, 2026 |
Metalic Technoforge IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 3200 | ₹2,46,400 |
| Retail (Max) | 2 | 3200 | ₹2,46,400 |
| S-HNI (Min) | 3 | 4800 | ₹3,69,600 |
| S-HNI (Max) | 8 | 12800 | ₹9,85,600 |
| B-HNI (Min) | 9 | 14400 | ₹11,08,800 |
Competitive Strength
- The company’s Manufacturing facility.
- Diversified product portfolio.
- Quality Assurance and Control.
- The company’s Order Book.
- Long-Standing Relationship with the customers.
Company Promoters
- Gajipara Keyur Dhirajlal
- Trambadiya Dhaval Vrajlal
- Vadodariya Satish Rameshbhai
- Kapadiya Vipul K
- Rupapara Jay Rameshbahi
- Gajipara Ronakkumar Mansukhbhai
- Ekta Satish Vadodariya
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2023 | ₹47.13 Cr | ₹45.39 Cr | ₹1.26 Cr | ₹2.08 Cr |
| 31 March 2024 | ₹51.50 Cr | ₹45.58 Cr | ₹4.26 Cr | ₹4.70 Cr |
| 31 March 2025 | ₹75.64 Cr | ₹63.05 Cr | ₹9.03 Cr | ₹17.17 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) |
|---|---|
| Funding of capital expenditure requirements of the Company towards setting up of the proposed Manufacturing Unit IV and upgradation of existing units at the manufacturing facility in Rajkot, Gujarat. | ₹30.81 |
| Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by the Company. | ₹6.72 |
| General Corporate Purpose. | – |
✅Strengths
- Diversified portfolio of forged and precision-machined components.
- Strong relationships with domestic and global OEM customers.
- Integrated manufacturing facilities with in-house capabilities.
- Experienced promoters and management team.
⚠️Risks
- High dependence on the automotive sector.
- Customer concentration risk from key OEM clients.
- Exposure to raw material price fluctuations.
- Manufacturing operations concentrated in Gujarat.
Metalic Technoforge IPO Promoter Holding
| Pre-Issue Share Holding | 83.63% |
| Post Issue Share Holding | 61.00% |
Metalic Technoforge IPO Prospectus
- Metalic Technoforge IPO DRHP
- Metalic Technoforge IPO RHP
Company Contact Information
| Metalic Technoforge Limited Sr. No.-129/1 P4(New Survey no. 296), Plot No.-5&6 Padavala Main Road, Opp. Electric Power House, Kot Village Padavala, Veraval (Shapar), Kotda Sanghani, Rajkot, Gujarat, 360024 Phone: +91- 9033332532 Email: investors@metalictechnoforge.com Website: https://metalictechnoforge.com/ |
Metalic Technoforge IPO Registrar
| Bigshare Services Pvt. Ltd. Phone: 8657578989/8069219065/8069219060 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/IPO_Status.html |
Metalic Technoforge IPO Lead Manager(s)
| 1. Smart Horizon Capital Advisors Pvt. Ltd. |
Metalic Technoforge IPO FAQ
| What is the Metalic Technoforge IPO? Metalic Technoforge IPO is an SME IPO. The issue is priced at ₹72 – ₹77 per equity share. The IPO is to be listed on NSE SME. |
| When will Metalic Technoforge IPO open? The IPO is to open on 21 July 2026 for QIB, NII, and Retail Investors. |
| What is Metalic Technoforge IPO Investors’ Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| What is the Metalic Technoforge IPO Size? Metalic Technoforge IPO size is ₹49.96 Crore. |
| What are the Metalic Technoforge IPO Minimum and Maximum Lot Sizes for Retail Investors? The minimum bid is 3200 Shares for ₹2,46,400, while the maximum bid is 3200 Shares for ₹2,46,400. |
| What is the Metalic Technoforge IPO Allotment Date? Metalic Technoforge IPO allotment date is 24 July 2026. |
| What is the Metalic Technoforge IPO Listing Date? Metalic Technoforge IPO listing date is 28 July 2026. The IPO is to be listed on the NSE SME. |
