Advance Technoforge
Price Band
₹95
Lot Size
2,400 Shares
Issue Size
₹24.03 Cr
Fresh Issue
₹24.03 Cr
OFS
Nil (100% Fresh)
Registrar
AI Sentiment Score
Listing Price
₹94.00
vs Issue: ₹95 (-1.05%)
📅 IPO Timeline
✓
Open
Jul 27, 2026
✓
Close
Jul 29, 2026
✓
Allotment
Jul 31, 2026
✓
Refund
Aug 1, 2026
✓
Demat
Aug 1, 2026
✓
Listing
Aug 3, 2026
📈 Grey Market Premium (GMP) Trendline
Daily consensus GMP movement (₹) recorded across market sources
✨ AI Analysis & Prediction
🔒 Final Reconciled Estimate
Locked post-listing with actual debut performance
The predicted listing gain is adjusted downward from the GMP due to the critical absence of QIB demand (0.0x) and a relatively high debt-to-equity ratio of 1.29. While the small float size and strong ROE provide some support, the lack of institutional backing and neutral review suggest a flat to slightly negative listing outcome.
💪 Strengths
- Strong ROE of 30.33% and ROCE of 22.52%
- 100% Fresh Issue ensures capital stays within the company
⚠️ Weaknesses
- High Debt-to-Equity ratio of 1.29
- Complete lack of QIB institutional demand (0.0x)
🚀 Opportunities
- Expansion of precision machining capabilities with new machinery
- Diversification across automotive, oil & gas, and railway sectors
🛡️ Threats
- Stagnant revenue growth over the last three fiscal years
- High competition in the forging and precision component market
🎯 Objectives of the IPO
| Requirement / Purpose | Amount (₹ Cr) |
|---|---|
| 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 | ₹12.95 |
📊 Key Financials
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue (₹ Cr) | 48.24 | 51.16 | 50.73 |
| PAT (₹ Cr) | 1.70 | 2.70 | 4.06 |
Debt/Equity
1.29
📋 Live Subscription Status
QIB
0.00x
NII
0.43x
Retail
2.68x
Total
1.55x
🎯 Retail Allotment Probability
37.3% Odds
1 in 2.7 chance (~37.3% probability per PAN)
SEBI Rule: Under SEBI lottery allotment rules, applying for multiple lots under Retail does NOT increase your lottery odds. All valid retail applicants have identical 1-lot odds per PAN.
Updated: Aug 4, 2026 1:11 PM
💼 Issue Structure & Reservation Quota
Capital Structure
₹24.0 Cr
Issue Size
Fresh (100%)
Reservation Quota
100%
Allocation
NII (50%)
Retail (50%)
QIB
0.00%
Retail
50.00%
NII
50.00%
📈 Shareholding & Anchor Lock-In
🔗 Important Links & Lead Managers
- Check Allotment StatusCheck Now →
- Registrar WebsiteVisit →
- Download DRHP ProspectusDownload PDF 📥
- Download RHP ProspectusDownload PDF 📥
Lead Managers / Merchant Bankers
This issue is managed by Hem Securities Ltd., and Share India Capital Services Pvt. Ltd.
Disclaimer: The information provided on this page is for educational and informational purposes only and does not constitute financial advice. IPO investments are subject to market risks. AI-generated analysis is based on publicly available data and may not be accurate. Grey Market Premium (GMP) is unofficial and highly speculative. Always consult a qualified financial advisor and read the DRHP/RHP carefully before making investment decisions.