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Metalic Technoforge IPO Subscription Status

SMEListed
METALIC · · NSE SME

Updated · GMP, subscription and listing data refresh through the day.

Metalic Technoforge IPO Details

RegistrarBigshare Services Pvt. Ltd.
Lead managersSmart Horizon Capital Advisors Pvt. Ltd
Offer documentDraft (DRHP)
Fresh issue₹49.96 Cr
Offer for sale—
Market cap at the offer₹184.68 Cr

Market capitalisation is the post-issue share count in the offer document’s capital structure (2,39,84,400 shares) multiplied by the upper end of the price band, ₹77. It is arithmetic on those two filed figures, not a valuation.

Metalic Technoforge Financials ₹ in crore

Revenue CAGR+27.6%2023 → 2026 · 3 yrs
Profit CAGR+114.1%2023 → 2026 · 3 yrs
Expenses CAGR+21.0%2023 → 2026 · 3 yrs
Total assets CAGR+63.1%2023 → 2026 · 3 yrs
00%255%5010%7515%10020%2023202420252026
₹ crore2023202420252026
Revenue₹47.13₹51.5₹75.64₹97.98
Expenses₹45.39₹45.58₹63.05₹80.35
Net profit (PAT)₹1.26₹4.26₹9.03₹12.36
PAT margin2.7%8.3%11.9%12.6%
Total assets₹21.23₹33.67₹65.1₹92.09

Metalic Technoforge Shareholding before & after the IPO

Before the IPO
Pre-issue

The pre-issue register for this issue isn’t available yet.

After the IPO
Post-issue · as disclosed in the RHP
61%
Promoter
Promoter & promoter groupafter the IPO
Holding61%

The founding owners and their group entities.

The post-issue ring is the register this issue’s RHP discloses. Pre-issue percentages are taken from the disclosure, never estimated.

Metalic Technoforge IPO Lot Size & Minimum Investment by investor category

ApplicationSharesAmount at ₹77
Individual investor (min)minimum application3,200₹2,46,400

The minimum application is 3,200 shares, ₹2,46,400 at the ₹77 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.

Metalic Technoforge IPO Strengths & Risks as disclosed in the DRHP

▲ Strengths (7)
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 (8)
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.

How to check Metalic Technoforge IPO allotment status

Allotment is decided and published by the issue’s registrar, not by the exchange and not by alphave. For Metalic Technoforge Limited, the registrar is Bigshare Services Pvt. Ltd. — allotment is finalised in the days between the issue closing on 23 Jul 2026 and listing on 28 Jul 2026.

RegistrarBigshare Services Pvt. Ltd.
You will needPAN, application number or demat ID
Issue closes23 Jul 2026
Listing date28 Jul 2026
Issue opens
Tue, 21 Jul, 2026
Bidding 10:00 am – 5:00 pm IST
Issue closes
Thu, 23 Jul, 2026
Last day to bid · UPI mandate by 5:00 pm
Allotment finalisedTentative
Fri, 24 Jul, 2026
By Bigshare Services; check with PAN, application no. or DP ID
Refunds & UPI unblockTentative
Mon, 27 Jul, 2026
Unallotted amounts released · allotted shares credited to demat
Listing
Tue, 28 Jul, 2026
NSE SME · trading from 10:00 am IST

Allotment and refund dates follow SEBI’s T+3 listing timeline in trading days and are tentative until the registrar and the exchange confirm them. alphave does not hold allotment results — only the registrar can show whether an application was allotted.

The registrar publishes allotment on its own portal: Bigshare. Your bank will also show the blocked amount released if shares were not allotted.

Metalic Technoforge IPO Subscription Status FAQs

How many times is Metalic Technoforge IPO subscribed?

As of 23 Jul, 7:00 pm the Metalic Technoforge Limited IPO is subscribed 7.95× overall: QIB 4.58×, non-institutional 12.87× and retail 7×. Figures are the exchange's consolidated demand across NSE and BSE.

What is the Metalic Technoforge IPO retail subscription status?

The retail portion is subscribed 7× as of 23 Jul, 7:00 pm. Retail applications are those up to ₹2,00,000 at the cut-off price.

How do I check Metalic Technoforge IPO subscription status?

NSE and BSE publish the category-wise bids for every open issue during bidding hours. This page reads that feed and shows the QIB, NII and retail book, plus one row per day so the build-up over the issue can be compared.

What does 2× subscription mean?

Subscription of 2× means bids were received for twice the number of shares offered in that category. When a category is oversubscribed, allotment in it is decided by the registrar under the basis-of-allotment rules — retail by lottery for the minimum lot, for example.

Metalic Technoforge IPO Registrar where allotment and refund queries go

RegistrarBigshare Services Pvt. 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 Metalic Technoforge IPO ASBA and UPI, as SEBI sets them

  1. 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.
  2. 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.
  3. 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 (23 Jul 2026).
  4. One application per PAN. A second application under the same PAN is rejected, and both may be.
  5. After allotment the blocked amount is released for shares not allotted. Allotment and refund queries go to the registrar, Bigshare Services Pvt. 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 ₹8 on a ₹77 upper band means the grey market is dealing at ₹85.

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.