Advance Technoforge Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Advance Technoforge Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
IPO Snapshot
Key metrics and details at a glance.
Price Band
₹95
Per ShareLot Size
1200 Shares
Minimum Investment
₹1,14,000
Issue Size
₹24.03 Cr
Face Value
₹10
Per ShareIPO Type
Fixed Price - SME
Retail Quota
50%
QIB Quota
0%
NII Quota
50%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Advance Technoforge Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
100%
Promoter Holding (Post-Issue)
71.99%
Issue Type
Fixed Price - SME
ISIN
INE13ZJ01010
About the Company
We are leading manufacturing and export driven organisation which is primarily customer focused. We serve in automobile and industrial valves and pumps industries. We are specialised in manufacturer of structural metal products, automotive parts, Agriculture parts, material lifting equipment parts and general engineering parts, etc. We are also specialising in delivering innovative industrial and auto components solutions. We are also manufacturing and exporting closed die hot forging, Ring Rolling, Upset forging and precision machining backed by full service supply capability and dual shore manufacturing model. We provide end to end solutions from product conceptualization to designing and finally manufacturing, testing and validation. Our team works closely with clients to conceptualised idea and bring them to life. Our mantra is redefining the strength of material and deliver innovative industrial and auto components solution.
Industry Overview
The Indian metal forging market is expected to reach US$ 8.0 Bn by 2029, implying a 10.69% CAGR during 2023-2029. With an installed capacity of around 38.5 lakh MT, Indian forging industry has a capability to forge variety of raw materials like Carbon steel, alloy steel, stainless steel, super alloy, titanium, aluminium and so forth, as per the requirements of user industry. The Indian forging industry is concentrated around its end user customer locations. Therefore, the major forging clusters are found to be in the states of Maharashtra, Punjab, Gujarat, Tamil Nadu, Haryana, Delhi, Karnataka, Jharkhand, West Bengal and Andhra Pradesh. The Indian casting and forging sector has equipped itself to retain its prowess to accelerate revenue from the auto sector. Heavy expansion by way of organic and inorganic growth has been playing an important role in this industry. The Indian Casting and Forging industry has gone through up-gradation to be in sync with the international practices. Given the enormous potential, frontline domestic players have started building up world scale capabilities by either putting up Greenfield projects or acquiring sick global facilities and turning them around as business solutions for setting up a foreign business in India.
Company History
Our Company was incorporated as a private limited company in the name and style of `Advance Technoforge Private Limited,' under the Companies Act, 1956, pursuant to a Certificate of Incorporation dated August 05, 2013 issued by the Registrar of Companies, Gujarat, at Ahmedabad, ("RoC"). Pursuant to a special resolution passed by our shareholders in the Extra Ordinary General Meeting held on 8 July 2024, our Company was converted into a public limited company and the name of our Company was changed to `Advance Technoforge Limited' and a fresh Certificate of Incorporation dated 6 September 2024 was issued to our Company by the RoC.
Growth Strategy
- Optimal Utilization of Resources.
- Quality Assurance and Focus on consistently meeting quality standards.
- Create a global presence and expand our presence in the forging market.
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public issue of 25,29,600 equity shares of face value of Rs. 10 each ("Equity Shares") of Advance Technoforge Limited (the "Company" or the "Issuer") for cash at a price of Rs. 95.00 per equity share including a share premium of Rs. 85.00 per equity share (the "Issue Price") aggregating to Rs. 24.03 Crores ("the Issue") of which 1,29,600 equity shares aggregating to Rs. 1.23 Crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e., Net issue of 24,00,000 equity shares aggregating to Rs. 22.80 Crores (the"Net Issue"). The issue and the net issue will constitute 28.01% and 26.58% respectively of the post issue paid-up equity share capital of the company. The Issue Price is Rs. 95.00 per equity share and the face value of the equity shares is Rs. 10 each and the issue price is 9.5 times of the face value. Minimum application size of 2,400 equity shares and in multiples of 1,200 equity shares thereafter.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Strategic Location of Manufacturing Facilities.
- Experienced Promoters and Management Team.
- Established a customer base for Products and Byproducts.
- Strong existing client relationship.
- A successful and proven track record.
- The company relys heavily on a group of customers for a significant portion of its operational revenue. The loss of any one or more of these key customers could have a substantial negative impact on the company business, operations, and financial stability.
- The company relys on a limited number of suppliers for the steel required as its primary raw material. Additionally, the company does not have fixed supply agreements with these suppliers. If they fails to meet its needs, it could negatively impact the company business.
- The company is exposed to foreign currency exchange rate fluctuations, which may harm its results of operations, impact the company cash flows and cause its financial results to fluctuate.
- Its indebtedness, including various conditions and restrictions imposed on it by the company financing agreements, could adversely affect its ability to react to changes in the company business, and its may be limited in the company ability to use debt to fund future capital needs.
- Any inability on its part to comply with prescribed technical specifications and standards of quality in connection with the company products could adversely impact its operations and profitability.