Advance Technoforge Ltd.
SMEIssue details
Price band
₹95 - ₹95
Lot size
1,200 shares
Issue size
₹24 Cr
Min. investment
₹1,14,000
Registrar
KFin Technologies
Grey market premium
Est. gain+₹4
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IPO Timeline
Open
27 Jul
Close
29 Jul
Allotment
30 Jul
Listing
3 Aug
- Refunds & demat credit
- 31 Jul 2026
- Mandate end
- 13 Aug 2026
We calculate these dates from the allotment and close dates, so please treat them as indicative.
Application size
| Category | Minimum | Maximum |
|---|---|---|
| Retail | 1,200shares 1 lot · ₹1,14,000 | 1,200shares 1 lot · ₹1,14,000 |
| HNI | 2,400shares 2 lots · ₹2,28,000 | No limit funds permitting |
Based on the upper price band of ₹95 and a lot of 1,200 shares.
Issue structure
Face value
₹10 per share
Issue type
Fixed Price IPO
Sale type
Fresh capital only
Fresh issue
₹23 Cr
24,01,200 shares
Shares pre-issue
65,00,000
Shares post-issue
90,30,800
Valuation & ratios
| Metric | Pre-IPO | Post-IPO |
|---|---|---|
| EPS | 6.24 | 4.49 |
| P/E | 15.22 | 21.16 |
| Market cap | ₹ 61.75 Cr. | ₹ 85.78 Cr. |
| KPI | Mar 31, 2026 |
|---|---|
| ROE | 30.33% |
| ROCE | 22.52% |
| Debt/Equity | 1.29 |
| RoNW | 30.33% |
| PAT Margin | 8.11% |
| EBITDA Margin | 16.69% |
| NAV | 20.59 |
| Price to Book Value | 4.61 |
Financials
| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Total income | 50.73 | 51.16 | 48.24 |
| Profit after tax | 4.06 | 2.7 | 1.7 |
| EBITDA | 8.35 | 5.52 | 3.86 |
| Net worth | 13.38 | 9.56 | 6.93 |
| Assets | 46.92 | 39.51 | 28.65 |
| Reserves & surplus | 7.19 | 3.13 | 6.44 |
| Total borrowing | 17.29 | 17.51 | 11.19 |
Figures in ₹ crore, as reported by the company in its offer document.
Objects of the issue
- 1.Purchase and installation of machinery for manufacturing of precision machine components at the Existing Premises (Including GST)₹7.19 Cr
- 2.Part Funding of working capital requirements₹7.25 Cr
- 3.Repayment / Prepayment of all or certain of borrowings availed by the Company₹2.4 Cr
- 4.General Corporate purposes₹3.59 Cr
- 5.Issue Expenses₹3.6 Cr
What the company says it intends to do with the money raised.
Shareholding
| Holder | Pre-IPO | Post-IPO |
|---|---|---|
| Promoter and Promoter Group | 100% 65,00,000 | 71.99% 65,00,000 |
| Others* | — | 28.01% 25,30,800 |
| Total | 100% 65,00,000 | 100% 90,30,800 |
Recent comparable IPOs
| Company | Issue price | P/E | Listing close | Listing gain |
|---|---|---|---|---|
| Millworks Technologies Ltd.SME | ₹331 | 11.4 | ₹660.30 | +99.49% |
| Apsis Aerocom Ltd.SME | ₹110 | 14.58 | ₹160.65 | +46.05% |
| Digilogic Systems Ltd.SME | ₹104 | 28.52 | ₹79.05 | -23.99% |
| Aequs Ltd.Mainboard | ₹124 | -74.71 | ₹151.29 | +22.01% |
Past listing performance of comparable issues. This is not a forecast: listing gains vary widely and can turn negative.
Issue fundamentals compiled from the company's offer document via Chittorgarh, last read 2 Aug 2026. Always verify against the RHP before applying.