Advance Technoforge Limited
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Advance Technoforge Limited's successfully completed its Initial Public Offering and commenced trading on Aug 03, 2026 at the BSE exchange. The company raised 25,29,600 Shares through this public offering, comprising 25,29,600 Shares in fresh capital.
The IPO was priced within the band of ₹95 to ₹95, with minimum application lots of 1200 shares. The offering attracted significant investor interest during its subscription period from Jul 27, 2026 to Jul 29, 2026.
Share allotment was finalized on Jul 30, 2026, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in 2013, Advance Technoforge Limited (ATL) is involved in manufacturing and supplying forged and precision machined components with various coatings and treatments for industries such as automotive, oil and gas, construction, railways, and more. With over 20 years of experience, the company supplies quality products to global OEMs and focuses on delivering durable and high-performance components. Its product range includes tow hook assemblies, retainer plates, cross members, connecting rods, and end caps used in automotive, material handling, and hydraulic applications. The company uses strong materials like alloy steel and carbon steel to ensure reliability and performance under heavy conditions, and as of February 24, 2025, it had 136 employees working across manufacturing, marketing, administration, finance, and other functions.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Experienced Management Team: The company is led by experienced promoters and professionals with strong industry expertise, supporting efficient operations and long-term growth.
- Integrated Manufacturing & Diversified Products: It operates a fully integrated manufacturing facility and offers a wide range of products for various engineering and automotive applications.
- Large-Scale Manufacturing Capabilities: Advanced technology and in-house production processes enable the company to efficiently manufacture complex forged and precision-machined components while maintaining high quality standards.
- Customer Concentration Risk: A significant portion of the company's revenue comes from a limited number of key customers. Loss of major customers or reduced orders could impact revenue and profitability.
- Dependence on Limited Suppliers: The company relies on a few suppliers for steel, its key raw material. Supply disruptions or fluctuations in steel prices may affect production and margins.
- Underutilization of Manufacturing Capacity: The company's manufacturing facilities are not operating at full capacity. Lower capacity utilization may affect operational efficiency and financial performance.
- Nilesh Shambhubhai Moliya
- Pradipbhai Bhikhabhai Vora
- Daxaben Nileshbhai Moliya
- Kajal Alpesbhai Moliya
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