SME
IPO ·
BSE SME
Advance Technoforge Ltd
Listed
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, cons
Issue details
Price band
₹95
Face value
₹10
Lot size
1,200 shares
Minimum investment
₹2,28,000
Issue size
₹24.04 Cr
Fresh issue
₹22.81 Cr
Offer for sale
—
Issue type
Fixed Price
Exchange
BSE SME
Key dates
Opens
27 Jul 2026
Closes
29 Jul 2026
UPI mandate cut-off
5:00 PM on 29 Jul 2026
Allotment
30 Jul 2026
Refunds
31 Jul 2026
Shares in demat
31 Jul 2026
Listing
3 Aug 2026
Subscription and listing
Subscription
1.55x
Listing price
₹94
Registrar
Kfin Technologies Ltd
Lead manager
Sun Capital Advisory Services
Subscription by category
Total
1.55x
Total applications
1,459
Listing day
Issue price
₹95
Open
₹94.00
High
₹94.00
Low
₹89.30
Day close
₹89.30
Listing gain at open
-1.05%
Issue structure
Shares reserved per category and share of the total issue
NII
12,00,000
47.44%
Retail
12,00,000
47.44%
Market Maker
1,29,600
5.12%
Total
25,29,600
100.00%
Finaccle’s quick read
Avoid
FY26 income down 1%, PAT up 50%, ROE 30.33%, D/E 1.29, post-issue P/E 21.16x.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
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. Products: Tow Hook Assembly - A robust component designed for securing vehicles, made from alloy steel with a polished and plated finish, suitable for US electric SUVs.
Founded
Promoters
Promoter holding
Financial performance
Period
PAT
ROE
30.33%
ROCE
22.52%
Debt / equity
1.29
PAT margin
8.11%
P/E post issue
21.16
Market cap
₹85.78 Cr
Use of IPO money
Purchase and installation of machinery for manufacturing of precision machine components at the Existing Premises (Including GST)
₹7.19 Cr
Part Funding of working capital requirements
₹7.25 Cr
Repayment / Prepayment of all or certain of borrowings availed by the Company
₹2.40 Cr
General Corporate purposes
₹3.59 Cr
Issue Expenses
₹3.60 Cr
Strengths
✓
PAT up 50% in FY26 to ₹4.06 Cr
✓
ROE of 30.33% and ROCE of 22.52%
Risks to watch
!
Revenue fell 1% in FY26
!
SME platform: large lot size and thinner trading liquidity
!
Modest PAT margin of 8.11%
!
Debt to equity of 1.29
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.