Metalic Technoforge IPO
Price band
₹72 – ₹77
Lot size
1600 shares
Min investment
₹1,23,200
Issue size
₹49.96 Cr
IPO schedule
| Open date | 21 Jul 2026 |
| Close date | 23 Jul 2026 |
| UPI mandate cut-off | 23 Jul 2026 |
| Allotment finalisation | 24 Jul 2026 |
| Refund initiation | 27 Jul 2026 |
| Shares credited to demat | 27 Jul 2026 |
| Listing date | 28 Jul 2026 |
| Mandate end date | 7 Aug 2026 |
| Anchor lock-in (50%) | 22 Aug 2026 |
| Anchor lock-in (remaining) | 21 Oct 2026 |
Issue size
About Metalic Technoforge
Incorporated in 2016, Metalic Technoforge Limited is an Indian manufacturer specialising in precision-engineered forged and machined metal components. The company’s core business operations comprise forging, heat treatment, and precision machining processes. It serves domestic and international original equipment manufacturers (OEMs) across multiple industrial sectors, including farm equipment, general engineering, oil and gas, hydraulic cylinders, and construction equipment. Metalic Technoforge generates its revenue through the sale of key products such as gears, transmission components, hydraulic application parts, and general engineering components, alongside processing fees earned from custom job work services. Operating from its integrated manufacturing facilities in Rajkot, Gujarat, the company has established a specialised market presence supported by international quality certifications like IATF 16949:2016 and PED-2014/68/EU, serving prominent industrial hubs in states like Gujarat and Maharashtra, as well as export markets including Germany and the United States.
Strengths
- Serves prominent automotive and industrial original equipment manufacturers in both domestic and international markets.
- Houses forging, heat treatment, and precision machining processes within an integrated manufacturing system in Rajkot.
- Holds premium international engineering accreditations including IATF 16949:2016 and pressure equipment certifications.
- Supplies critical metal components to diverse industries, including farm equipment, hydraulics, and oil and gas sectors.
- Utilises in-house infrastructure for tooling, die manufacturing, and specialised design simulation software.
Risks
- Derives 64.61% of its total operational revenue from the top 10 customers.
- Concentrates over 62% of domestic sales within Gujarat, Maharashtra, and Uttar Pradesh.
- Depends significantly on gears and transmission components for its core revenue generation.
- Sources a substantial majority of its raw material purchases exclusively from suppliers in Gujarat.
- Faces high workforce instability with employee attrition rates reaching up to 24.18%.
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