July 20, 2026: The Metalic Technoforge IPO will open for public subscription on July 21, 2026, giving investors an opportunity to participate in the company’s public issue on the NSE SME platform. The IPO will remain open until July 23, 2026 and is a 100% fresh issue aimed at raising ₹49.96 crore.
Author: Aadarsh Patel | EQMint
The company has fixed the price band at ₹72 to ₹77 per equity share, with a lot size of 1,600 shares. At the upper price band, retail investors will need a minimum investment of ₹1,23,200 for one lot.
Metalic Technoforge IPO: Key Details
| Particulars | Details |
|---|---|
| IPO Opens | July 21, 2026 |
| IPO Closes | July 23, 2026 |
| Issue Size | ₹49.96 Crore |
| Issue Type | Fresh Issue |
| Price Band | ₹72–₹77 per share |
| Face Value | ₹10 |
| Lot Size | 1,600 Shares |
| Minimum Investment | ₹1,23,200 |
| Exchange | NSE SME |
| Expected Allotment | July 24, 2026 |
| Expected Listing | July 28, 2026 |
About the Company
Metalic Technoforge manufactures closed-die forged and precision-machined engineering components used across industries such as automotive, agriculture, construction equipment, and industrial engineering. The company supplies precision components designed for demanding industrial applications.
Financial Performance
The company has reported steady business growth ahead of its public issue.
- Revenue (FY26): ₹97.98 crore
- Revenue (FY25): ₹75.64 crore
- Profit After Tax (FY26): ₹12.36 crore
- Profit After Tax (FY25): ₹9.03 crore
The improvement in both revenue and profitability reflects growing business activity and may attract investors looking for SME companies with expanding financials.
Grey Market Premium (GMP)
As of now, no significant Grey Market Premium (GMP) has been reported for the IPO. Since the issue opens tomorrow, GMP activity may develop once subscription begins and investor demand becomes clearer.
Should Investors Watch This IPO?
Metalic Technoforge enters the market with a relatively modest issue size and improving financial performance. Investors will closely monitor subscription trends, particularly demand from Qualified Institutional Buyers (QIBs) and Non-Institutional Investors (NIIs), once bidding starts.
As with any SME IPO, investment decisions should be based on the company’s fundamentals, valuation, growth prospects, and risk factors outlined in the Red Herring Prospectus rather than relying solely on GMP.
Conclusion
The Metalic Technoforge IPO opens for subscription on July 21 with a price band of ₹72–₹77 and an issue size of ₹49.96 crore. The company has delivered revenue and profit growth over the past financial year, making it an IPO worth tracking. Investor interest and subscription data over the next three days will provide a clearer picture of market sentiment before the shares are expected to list on July 28.
Frequently Asked Questions
When does the Metalic Technoforge IPO open?
The IPO opens on July 21, 2026, and closes on July 23, 2026.
What is the price band of the Metalic Technoforge IPO?
The IPO is priced at ₹72 to ₹77 per share.
What is the issue size?
The company plans to raise ₹49.96 crore through a fresh issue.
What is the minimum investment required?
Retail investors need to invest ₹1,23,200 for one lot of 1,600 shares.
When is the expected listing date?
The shares are expected to be listed on the NSE SME platform on July 28, 2026.
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Disclaimer: This article is not an investment advice and is for educational purpose only.
