Metalic Technoforge IPO

About Metalic Technoforge IPO

The Metalic Technoforge IPO, an SME IPO, opens on Tuesday, July 21, 2026 and closes on Thursday, July 23, 2026. The allotment of shares will take place on Friday, July 24, 2026. The credit of shares to the demat account will take place on Monday, July 27, 2026. The initiation of refunds will take place on Monday, July 27, 2026. The listing of shares will take place on Tuesday, July 28, 2026.

The equity shares of the company are proposed to be listed on the NSE SME platform. The offer consists of a fresh issue component. The fresh issue will include 64,88,000 shares aggregating up to ₹50 crores. Out of this, 3,28,000 shares aggregating up to ₹3 crores are reserved for the Market Maker, and the net offer to the public is 61,60,000 shares aggregating up to ₹47 crores.

Metalic Technoforge IPO's price band is set at ₹72 to ₹77 per share. The lot size for an application is 1,600 shares. The minimum amount of investment required by a retail investor is ₹2,46,400 (3,200 shares) (based on upper price). The lot size investment required by sNII (S-HNI) is 3 lots (4,800 shares), amounting to ₹3,69,600

The Company manufactures closed die forged and precision-machined components for domestic and global original equipment manufacturers across automotive and non-automotive industries. Its integrated facility in Rajkot, Gujarat covers forging, heat treatment, machining and gear manufacturing under one roof.

Objectives of Metalic Technoforge IPO

• Funding of capital expenditure requirements of the company towards setting up of the proposed manufacturing Unit IV and upgradation of existing units at the manufacturing facility in Rajkot, Gujarat.
  
• Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by the company.
  
• General corporate purposes.
  

Industry Outlook

Manufacturing is emerging as a central pillar of India’s economic growth, contributing around 16-17% of GDP and employing over 27 million workers. The sector’s strength lies in the performance of key industries such as automotive, engineering, chemicals, pharmaceuticals, consumer durables, electronics, and textiles. Supported by government initiatives like Make in India and production-linked incentive (PLI) schemes, India is targeting manufacturing to account for 25% of GDP in the coming years. India is rapidly positioning itself as a global manufacturing hub, supported by government initiatives, rising domestic demand, and strong export momentum.

About Metalic Technoforge

Metalic Technoforge is engaged in the business of manufacturing closed die forged and precision machined components. The company’s product portfolio comprises a wide range of complex and safety critical forged and precision machined products, including big rings, small rings, ball studs, gear blanks with broaching, gears, coupling assemblies and other critical components catering to diverse end-use industries. The company primarily serves domestic and global original equipment manufacturers (OEMs) across automotive and non-automotive industries. In the automotive sector, their OEM customers include manufacturers of automobiles, tractors and commercial vehicles, and in the non-automotive sector, the OEM customers include manufacturers of agricultural equipment, hydraulic equipment, construction machinery and general engineering products.

Strengths of Metalic Technoforge

• State-of-the-art manufacturing facility with integrated die manufacturing, forging, heat treatment, and precision machining capabilities.
• Diversified product portfolio.
• Quality assurance and control.
• A robust and diversified order book spanning domestic and international OEM customers across automotive and non-automotive segments.
• Long-standing relationship with their customers.

Risks of Metalic Technoforge

• A significant portion of their domestic revenue is derived from customers located in Gujarat, Maharashtra and Uttar Pradesh.
• They depend on a limited number of suppliers for their raw materials.
• They depend on a limited number of key customers for a substantial portion of their revenue.
• The company's operations are concentrated at a single manufacturing facility in Rajkot, Gujarat, making it vulnerable to operational disruptions, equipment failures, and location-specific risks.
• They derive a significant portion of their revenue from gears and transmission components.

Anchor Investor Bidding Date: Monday, July 20, 2026

IPO Registrar
Bigshare Services Private Limited
E-mail: ipo@bigshareonline.com
Telephone: 022 - 6263

Book Running Lead Manager
Smart Horizon Capital Advisors Private Limited

Metalic Technoforge Contact Details
Sr. No.129/1 P4 (New Survey no. 296), Plot No.05 & 06, Padavala
Main Road, Opp. Electric Power House, VillagePadavala, Veraval
(Shapar), Rajkot 360024, Kotda Sanghani, Gujarat, India.
Phone: +91- 9033332532
Email: investors@metalictechnoforge.com

Metalic Technoforge Business Model

The company earns its revenue through the manufacturing of closed die forged and precision machined components.

Metalic Technoforge Growth Trajectory

Metalic Technoforge’s Total Income for FY25 was ₹75.637 crores, whereas in FY24 and FY23 it was ₹51.496 crores and ₹47.127 crores, respectively.

The Profit After Tax for FY25 was ₹9.028 crores, whereas in FY24 and FY23 it was ₹4.264 crores and ₹1.255 crores, respectively.

Their EBITDA for FY25 was ₹16.077 crores, whereas in FY24 and FY23 it was ₹7.294 crores and ₹2.569 crores, respectively.

Metalic Technoforge Market Position

Over the years, the company has expanded its presence across India and has also established an international reach through its customers located in different parts of the world. In addition to their domestic sales, they export their products to countries such as Germany, Finland, United States of America, Italy, China, and Turkey.

As of 31 March 2025, the company’s Total Income, Profit After Tax, and EBITDA were ₹75.637 crores, ₹9.028 crores, and ₹16.077 crores, respectively.

How to apply for Metalic Technoforge IPO?

• Step 1: Log in to your Kotak Neo Demat account - Log in to your Demat account to access IPO investments. Next, select the current IPO section.
• Step 2: Specify IPO details - Enter the number of lots and the price you wish to apply for.
• Step 3: Enter UPI ID - After entering your UPI ID, click submit. This will place your bid with the exchange.
• Step 4: Mandate Notification - Your UPI app will receive a mandate notification to block funds.
• Step 5: Approve Request - Your funds will be blocked once you approve the mandate request on your UPI.