· SME · BSE
Price Band
₹95–95
Lot Size
1200 shares
Issue Size
₹24 Cr
Min. Investment
₹1,14,000
Indicative, updates through the day
Cap price plus current GMP: ₹99 — arithmetic, not a forecast
Subscription data will appear once bidding opens.
Advance Technoforge IPO is an SME issue that listed on BSE on 3 August 2026. The issue price band is fixed at ₹95–₹95 per equity share with a minimum market lot size of 1200 shares, bringing the total issue size to ₹24 Cr. At the upper price band, the minimum retail application requires one lot amounting to ₹1,14,000.
The latest unlisted Grey Market Premium (GMP) for Advance Technoforge IPO is quoted at ₹4, representing a premium of approximately 4.21% over the upper price band of ₹95. On a simple cap price plus GMP basis, the estimated opening price indicates a listing near ₹99, and informal quotes have eased over recent sessions. Please note that GMP is an unregulated sentiment indicator quoted by off-market dealers; it fluctuates based on supply-demand dynamics and does not constitute a guaranteed listing price. For historical accuracy studies, read our research on IPO GMP accuracy, or compare with live GMP quotes for all active IPOs.
The minimum investment for retail investors is one lot of 1200 shares (approx. ₹1,14,000 at the cut-off price). Applications must be submitted using ASBA via Net Banking or the UPI Mandate route through registered stockbrokers (Zerodha, Groww, Angel One, Upstox).
The official registrar appointed for this issue is KFin Technologies Ltd., with the basis of allotment finalised on 30 July 2026 and listing completed on 3 August 2026. Once declared, you can check your allotment status on our IPO Allotment Checker using your PAN or Application Number. If you are not allotted shares, the ASBA block on your bank funds is automatically released by T+2 day.
Issue Price
₹95
Listed At
₹94
Current Price
₹89.3
Incorporated in 2013, Advance Technoforge Limited (ATL) is engaged in the manufacturing and supplying of the forged and precision machined parts with coatings and treatments, serving industries like automotive, valves, pumps, construction, and more. With 20+ years of experience the company manufactures the qualified product lines cto global original equipment manufacturers-OEMs in Automotive, oil and gas industries, earth moving equipment, Railway etc. As of 30 June 2026, the company has 205 employees as on engaged in manufacturing, marketing, administration, financial, legal and other activities of the Company.
| Category | Shares Offered | % |
|---|---|---|
| NII (HNI) | 12,00,000 | 50% |
| Retail | 12,00,000 | 50% |
| Market Maker | 1,29,600 | 0% |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 2400 | ₹2,28,000 |
| Individual investors (IND) (Max) | 2 | 2400 | ₹2,28,000 |
| HNI (Min) | 3 | 3600 | ₹3,42,000 |
EPS (Pre IPO)
6.24
EPS (Post IPO)
4.49
ROE
30.33%
P/E (Pre IPO)
15.22
P/E (Post IPO)
21.16
Price / Book
4.61
Market Cap
₹62Cr.
| Company | P/E | ROE | Revenue |
|---|---|---|---|
| Millworks Technologies Ltd. | 11.4 | ₹160.34 Cr | |
| Apsis Aerocom Ltd. | 14.58 | ₹35.77 Cr | |
| Digilogic Systems Ltd. | 28.52 | ₹81.00 Cr | |
| Aequs Ltd. | -74.71 | ₹921.81 Cr |
Advance Technoforge Ltd. Address
KFin Technologies Ltd.