Advance Technoforge
Price Band
₹95 - ₹95
Lot Size
2400 Shares
Issue Size
₹24.03 Cr
Fresh Issue
₹24.03 Cr
OFS
N/A
Registrar
AI Sentiment Score
Listing Price
₹94.00
vs Issue: ₹95 (-1.05%)
📅 IPO Timeline
1
Open
TBD
2
Close
TBD
✓
Allotment
Jul 30
✓
Refund
Jul 31
✓
Demat
Jul 31
✓
Listing
Aug 3
✨ AI Analysis & Prediction
+4.7%
predicted listing gain
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
Updated: Aug 4, 2026 1:11 PM
📈 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.