SME IPO · NSE SME · Listed
Metalic Technoforge IPO
Metalic Technoforge Limited is a listed issue, offered in a price band of ₹77 to ₹77 per share, in lots of 3200 shares. Every figure below is taken from the issue's own filings and exchange disclosures.
Issue details
- Price band
- ₹77 – ₹77
- Lot size
- 3200 shares
- Minimum investment
- ₹2,46,400
- Issue size
- ₹49.96 Cr
- Fresh issue
- ₹49.96 Cr
- Offer for sale
- —
- Opens
- 21 Jul 2026
- Closes
- 23 Jul 2026
- Listing date
- 28 Jul 2026
- Registrar
- Bigshare Services Pvt. Ltd.
- Symbol
- METALIC
One lot of 3200 shares at the upper band price of ₹77 is ₹2,46,400 — the smallest retail application this issue accepts.
Lead managers: Smart Horizon Capital Advisors Pvt. Ltd.
Subscription status
How many times the issue has been applied for, by investor category, as reported by the exchange at 23 Jul 2026, 07:05 pm IST.
Metalic Technoforge IPO — subscription by category| Category | Times subscribed |
|---|
| Qualified institutional buyers (QIB) | 0.00× |
|---|
| Non-institutional investors (NII / HNI) | 0.00× |
|---|
| Retail individual investors | 1.66× |
|---|
| Total | 0.00× |
|---|
Grey market premium (GMP)
- Latest reported GMP
- ₹8
- Implied over upper band
- 10.40%
- As of
- 28 Jul 2026, 07:05 pm IST
How the reported premium has moved. The trend matters more than any single reading — a premium that is drifting down into the close is a different signal from one holding firm.
Metalic Technoforge IPO — reported GMP history| Reported at | GMP |
|---|
| 28 Jul 2026, 07:05 pm IST | ₹8 |
|---|
| 24 Jul 2026, 07:05 pm IST | ₹6 |
|---|
| 23 Jul 2026, 07:05 pm IST | ₹0 |
|---|
| 23 Jul 2026, 04:20 pm IST | ₹0 |
|---|
| 23 Jul 2026, 03:20 pm IST | ₹0 |
|---|
| 23 Jul 2026, 02:15 pm IST | ₹0 |
|---|
| 23 Jul 2026, 01:15 pm IST | ₹0 |
|---|
| 23 Jul 2026, 12:15 pm IST | ₹0 |
|---|
| 23 Jul 2026, 11:00 am IST | ₹0 |
|---|
| 23 Jul 2026, 10:00 am IST | ₹0 |
|---|
| 23 Jul 2026, 09:00 am IST | ₹0 |
|---|
| 23 Jul 2026, 08:00 am IST | ₹0 |
|---|
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.
Reported financials
As disclosed in the offer document. Figures in ₹ crore unless the filing states otherwise.
Metalic Technoforge — financials from the offer document| PAT | Assets | Expense | Revenue | Period Ended |
|---|
| ₹1.26 | ₹21.23 | ₹45.39 | ₹47.13 | 2023 |
|---|
| ₹4.26 | ₹33.67 | ₹45.58 | ₹51.50 | 2024 |
|---|
| ₹9.03 | ₹65.10 | ₹63.05 | ₹75.64 | 2025 |
|---|
| ₹12.36 | ₹92.09 | ₹80.35 | ₹97.98 | 2026 |
|---|
Strengths disclosed in the offer document
- The company has an integrated manufacturing facility with four units, three of which are operational and equipped with modern machinery.
- The company has a solar power plant with an installed capacity of 1 MW, which partially sources renewable energy and reduces dependence on conventional power sources.
- The company manufactures a diversified range of precision-engineered components for automotive and non-automotive industries.
- The company has in-house design and new product development capabilities.
- The company holds certifications including IATF 16949, ISO 14001:2015, ISO 45001:2018, ZED Bronze, and PED-2014/68/EU & AD 2000 W0.
- The company has a confirmed order book of approximately ₹2,447.06 lakhs as of March 01, 2026.
- The company maintains long-term relationships with customers and focuses on acquiring new customers.
Risk factors disclosed in the offer document
- A significant portion of revenue is derived from customers located in Gujarat, Maharashtra, and Uttar Pradesh, making the company exposed to region-specific risks.
- The company depends on a limited number of suppliers for raw materials and lacks long-term contractual arrangements, exposing it to supply, quality, and pricing risks.
- The company's profitability is significantly dependent on its ability to anticipate industry and customer requirements and utilize resources efficiently.
- The company's operations are dependent on its existing machinery, equipment, and technology, and any failure to maintain or adapt to technological changes may adversely affect its business.
- The company is subject to various laws and extensive government regulations, and failure to obtain or maintain licenses and approvals could adversely affect its business.
- The company may face potential conflicts of interest with its promoters, promoter group, or group entities.
- The company has certain contingent liabilities, the materialization of which could adversely affect its business, financial condition, cash flows, and results of operations.
- The company's registered office and manufacturing facility are leased, and failure to renew agreements or relocate on commercially reasonable terms could have a material adverse effect.
These are the company's own disclosures, not Alphave's assessment. Read the offer document →
What this page will not tell you
- Whether to apply
- Alphave is NISM-certified, not a SEBI-registered research analyst. There is no rating, verdict or recommendation on this issue anywhere on this page.
- What it will list at
- Nobody knows, and GMP is not a forecast of it. It is an unofficial over-the-counter quote reported by third parties, shown here with its source time so you can judge how stale it is.
- Your allotment
- Allotment is decided by the registrar (Bigshare Services Pvt. Ltd.) after the issue closes. Track the whole calendar in the IPO Centre.
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