
Metalic Technoforge Ltd IPO
Last updated:
Metalic Technoforge Ltd IPO Price Range is ₹72 - ₹77, with a minimum investment of ₹2,46,400 for 3200 shares per lot.
Subscription Rate
7.946x
as on 23 Jul 2026, 06:40PM IST
Minimum Investment
₹2,46,400
/ 3200 shares
IPO Status
Price Band
₹72 - ₹77
Bidding Dates
Jul 21, 2026 - Jul 23, 2026
Issue Size
₹49.96 Cr
Lot Size
1600 shares
Min Investment
₹2,46,400
Listing Exchange
NSE
Metalic Technoforge Ltd IPO Application Timeline




IPO Subscription Status
as on 23 Jul 2026, 06:40PM IST
IPO subscribed over
🚀 7.946x
This IPO has been subscribed by 6.999x in the retail category and 4.583x in the QIB category.
Subscription Rate
| Total Subscription | 7.946x |
| Retail Individual Investors | 6.999x |
| Qualified Institutional Buyers | 4.583x |
| Non Institutional Investors | 12.873x |
Strengths and Risks
Strengths
Our Manufacturing facility.
Diversified product portfolio.
Quality Assurance and Control.
Our Order Book.
Long-Standing Relationship with our customers.
Risks
The company is subject to various laws and extensive government regulations and if its fails to obtain, maintain or renew the companys statutory and regulatory licenses, permits and approvals required in the ordinary course of its business, includingenvironmental, health and fire safety laws and other regulations, the companys business financial condition, results of operationsand cash flows may be adversely affected.
The companys Promoter, Rupapara Jay Rameshbhai, was formerly associated with a partnership firm against which Goodsand Services Tax proceedings are pending. Although he has retired from the partnership and has no present role in itsaffairs, any adverse developments in such proceedings may requires his participation in regulatory proceedings andmay adversely affect his reputation and, consequently, the companys business, financial condition, results of operations andprospects.
A significant portion of the companys domestic revenue is derived from customers located in Gujarat, Maharashtra and UttarPradesh which accounted for 62.45%, 59.22%%, and 78.70% of its revenue from operations for the financial yearsended March 31, 2026, 2025 and 2024, respectively. Any adverse developments in these regions may materially andadversely affect the companys business, financial condition, results of operations and cash flows.
The companys export its products to various countries and the companys revenue from customers outside India represented 35.40%,37.72%, and 18.57%, of the total revenue from operations for the financial years ended March 31, 2026, 2025 and2024, respectively. The companys international operations expose its to risks relating to foreign market conditions, geographicconcentration, regulatory requirements and foreign exchange fluctuations which could adversely affect its business,financial condition and results of operations.
The company has certain outstanding litigation against its, an adverse outcome of which may adversely affect the companys business,reputation and results of operations.
The companys operations is dependent on its existing machinery, equipment and technology for critical business functions, andany failures to maintain, repair, upgrade or adapt to technological changes may adversely affect its business and resultsof operations.
The company depends on a limited number of suppliers for its raw materials and the absence of long-term contractualarrangements with such suppliers exposes the company to supply, quality and pricing risks that could adversely affect its businessand financial performance.
The Company has entered into related party transactions in the past and may continue to enter into related partytransactions in the future, which may potentially involve conflicts of interest with the equity shareholders.
The company depends on a limited number of key customers for a substantial portion of its revenue and the absence of long-termcontractual arrangements with such customers exposes its to customer concentration, demand volatility and credit risksthat could adversely affect the companys business and financial performance.
The companys business is dependent and will continue to depends on its manufacturing facility, and the company is subject to certainrisks in its manufacturing process. Any slowdown or shutdown in the companys manufacturing operations or strikes, workstoppages or increased wages demands by its employees that could interfere with the companys operations could have an adverseeffect on its business, financial condition and results of operations.
How to Apply for Metalic Technoforge Ltd IPO on INDmoney
- Download the INDmoney app and complete your KYC.
- Go to INDstocks → IPO, or just search “IPO”.
- Tap on Metalic Technoforge Ltd IPO from the list of live IPOs.
- View key details like price band, lot size, and dates.
- Tap Apply Now and choose your number of lots.
- Use INDpay UPI for instant mandate tracking.
- Your funds will be blocked until the share allotment is finalized.