IPO IPO-Synopsis
Advance Technoforge Ltd

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Registered Office: Sr.No.121 Plot No.1-6 At.& Po.,Padavala Rd Veraval Shapar , Rajkot - 360024 , Gujarat , India.
Phone : +91 98253 68310   Fax:
Email :  cs@advancetechforge.com  
Website :  www.advancetechforge.com/
Initial public issue of 25,29,600 equity shares of face value of Rs10 each ("Equity Shares") of Advance Technoforge Limited (the "Company" or "the Issuer") for cash at a price of Rs95.00 per equity share (including a premium of Rs85.00 per equity share) ("Issue Price") aggregating to Rs24.03 Crores comprising of fresh issue of 25,29,600 equity share ("the Issue") of which 1,29,600 equity shares aggregating to Rs1.23 Crores will be reserved for subscription by market maker ( "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e., Issue of 24,00,000 equity shares at the issue price aggregating to Rs22.80 Crores ( "Net Issue"). The issue and the net issue will constitute 28.01% and 26.58% of the post-issue paid-up equity share capital of the company. The Issue Price is Rs95.00 per equity share and the face value of the equity shares is Rs10 each and the issue price is 9.5 times of the face value. Minimum application size of 2,400 equity shares and in multiples of 1,200 equity shares thereafter.

Issue Money Payable On
Opens On Closes On Application Allotment
27-Jul-26 29-Jul-26 Rs95.00-0.00 Rs0.00-0.00
Minimum Application for shares in Nos :2400  Further Multiples of :1200

  Rs Cr Lead Managers to the Issue
Project Cost 20.43
Sun Capital Advisory Services Pvt Ltd
Project Financed through Current Offer 24.03  
Post Issue Equity Share Capital 9.03  
Issue Price Rs95.00  
Projects
Purchase and installation of machinery for manufacturing of precision machine components at the existing premises (including GST)Repayment / Prepayment of all or certain of the company borrowings availed by its Company
Part funding of working capital requirementsGeneral corporate purposes
Promoted By
Nilesh Shambhubhai Moliya
Pradipbhai Bhikhabhai Vora
Daxaben Nileshbhai Moliya
Listing At
BSE - SME 
Registrar to the Issue
KFin Technologies Ltd