Market capitalisation is the post-issue share count in the offer document’s capital structure (90,30,800 shares) multiplied by the upper end of the price band, ₹95. It is arithmetic on those two filed figures, not a valuation.
Post-issue pattern as filed with the BSE. Pre-issue register from the RHP capital structure, cross-checked against exchange data. Pre-issue percentages are taken from the disclosure, never estimated.
The minimum application is 2,400 shares, ₹2,28,000 at the ₹95 cut-off. Since 1 July 2025 SME issues take a minimum application of ₹2,00,000 or more from individual investors; the HNI minimum is set in the RHP. Amounts are shown at the upper band because applications are made at the cut-off price.
Advance Technoforge IPO Strengths & Risks as disclosed in the DRHP
▲ Strengths (6)
Experienced promoters and management team with extensive industry knowledge and experience.
Scalable business model with a focus on customer specifications and quality.
Large and diverse product portfolio catering to various industries.
Integrated manufacturing facility with advanced technologies.
Well-developed distribution network and strong sales, marketing, and distribution capabilities.
Unique brand positioning and strong emphasis on quality assurance and control.
▼ Risk factors (7)
Reliance on a few key customers for a significant portion of revenue, making the company vulnerable to customer loss or changes in their sourcing strategies.
Dependence on a limited number of suppliers for primary raw materials, with no fixed supply agreements, posing a risk of negative impact on business if suppliers fail to meet needs.
Exposure to foreign currency exchange rate fluctuations, which may adversely affect results of operations, cash flows, and financial results.
Indebtedness, including various conditions and restrictions imposed by financing agreements, could limit the company's ability to react to business changes and fund future capital needs.
Inability to comply with prescribed technical specifications and quality standards could lead to product defects, customer dissatisfaction, and cancellation of orders.
Obsolescence, destruction, breakdowns, or failures in maintaining plant and equipment could adversely affect business operations, cash flows, financial condition, and results of operations.
Exposure to risks related to product liability claims, where product defects could lead to additional costs or loss of future orders.
Advance Technoforge IPO Dates timeline · IST
Issue opens
Mon, 27 Jul, 2026
Bidding 10:00 am – 5:00 pm IST
Issue closes
Wed, 29 Jul, 2026
Last day to bid · UPI mandate by 5:00 pm
Allotment finalisedTentative
Thu, 30 Jul, 2026
By Kfin Technologies; check with PAN, application no. or DP ID
Refunds & UPI unblockTentative
Fri, 31 Jul, 2026
Unallotted amounts released · allotted shares credited to demat
Listing
Mon, 03 Aug, 2026
NSE SME · trading from 10:00 am IST
Exchange bidding runs 10:00 am – 5:00 pm IST on each day of the issue; UPI mandates must be accepted by 5:00 pm on the closing day, and brokers may stop taking bids earlier. Allotment, refund and credit dates follow SEBI’s T+3 listing timeline in trading days and are tentative until the registrar and the exchange confirm them.
Allotment is decided and published by the issue’s registrar, not by the exchange and not by alphave. For Advance Technoforge, the registrar is Kfin Technologies Ltd. — allotment is finalised in the days between the issue closing on 29 Jul 2026 and listing on 03 Aug 2026.
RegistrarKfin Technologies Ltd.
You will needPAN, application number or demat ID
Issue closes29 Jul 2026
Listing date03 Aug 2026
The registrar publishes allotment on its own portal: KFintech. Your bank will also show the blocked amount released if shares were not allotted.
Advance Technoforge IPO Dates FAQs
When does Advance Technoforge IPO open and close?
Bidding for the Advance Technoforge IPO opens on 27 July 2026 and closes on 29 July 2026. Exchange bidding runs from 10:00 am to 5:00 pm IST on each day; UPI mandates must be accepted by 5:00 pm on the closing day, and brokers may stop taking bids somewhat earlier.
What is the Advance Technoforge IPO listing date?
The shares are scheduled to list on 3 August 2026 on NSE SME. Trading starts at 10:00 am IST after the special pre-open session that discovers the listing price.
How do I apply for Advance Technoforge IPO?
Applications are made through a broker's app or a bank's net banking using ASBA, or by UPI mandate, between 27 July 2026 and 29 July 2026. The amount is only blocked, not debited, until allotment. Retail bids of up to ₹2,00,000 are usually placed at the cut-off price (₹95); a UPI mandate must be approved by 5:00 pm on the closing day.
What is the last date to apply for Advance Technoforge IPO?
29 July 2026 is the last day of bidding. Allotment is then expected on 30 July 2026, refunds and demat credit on 31 July 2026, and listing on 3 August 2026 — tentative until confirmed.
Advance Technoforge IPO Registrar where allotment and refund queries go
RegistrarKfin Technologies Ltd.
The registrar processes the allotment and the refunds. Contact details are as printed in the offer document; the exchange and your broker cannot change an allotment.
How to Apply for the Advance Technoforge IPO ASBA and UPI, as SEBI sets them
Apply through your broker’s IPO window or your bank’s net banking (ASBA). The money stays in your own account and is only blocked until allotment.
Choose the number of lots and bid at the cut-off price. SME issues take a minimum application of two lots, so the smallest valid bid is the amount shown in the lot table above.
If you applied through a broker, approve the UPI mandate in your payment app. The mandate must be approved by 5 pm on the day after your bid, and by 5 pm on the closing day for bids made on the last day (29 Jul 2026).
One application per PAN. A second application under the same PAN is rejected, and both may be.
After allotment the blocked amount is released for shares not allotted. Allotment and refund queries go to the registrar, Kfin Technologies Ltd., not to the exchange or the broker.
What is GMP in an IPO?
Grey Market Premium is the price at which an unlisted IPO application or share changes hands informally, before the stock is listed on the exchange. It is quoted as a rupee figure over the issue price: a premium of ₹5 on a ₹95 upper band means the grey market is dealing at ₹100.
The grey market is an over-the-counter market between private dealers. It is not operated or supervised by NSE, BSE or SEBI, no trade is settled through a clearing corporation, and no dealer is obliged to publish or honour a quote. Figures are collected by third-party reporters and different sources routinely disagree, which is why a premium can move sharply within a day or vanish entirely once bidding closes.
Grey Market Premium is an unofficial, unregulated over-the-counter datapoint reported by third parties. It is not a price, a forecast, or an indication of listing gains, and is not investment advice.