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₹77 - 77
Metalic Technoforge Ltd
Castings, Forgings & FastnersIPOSME
₹77 - 77
Incorporated in 2016, our Company is engaged in the business of manufacturing of closed die forged and precisionmachined components. Our product portfolio comprises a wide range of complex and safety critical forged and precisionmachined products, including big rings, small rings, ball studs, gear blanks with broaching, gears, coupling assemblies and other critical components catering to diverse end-use industries. We primarily serve domestic and global original equipment manufacturers ("OEMs") across automotive and non-automotive industries. In automotive sector, our OEM customers include manufacturers of automobiles, tractors and commercial vehicles, and in non-automotive sector, our OEM customers include manufacturers of agricultural equipment, hydraulic equipment, construction machinery and general engineering products.
Lot1,600Min Invest₹2,46,400Face Value₹10Issue Size₹50 CrFresh Issue₹50 CrListing Price₹87CMP₹145
Timeline
21 Jul
Bidding opens
23 Jul
Bidding closes
24 Jul
Allotment
24-27 Jul
Refund & demat credit
28 Jul
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹50 Cr0.65 Cr shares
Fresh Issue₹50 Cr
Face Value₹10
Lot Size1,600 shares
ReservationQIB 49.87% · NII 15.06% · RETAIL 35.07%
Application Sizes
Retail₹2,46,4001-1 lots
sNII₹2,46,400from 2 lots
bNII₹11,08,800from 9 lots
Managers & Registrar
Lead ManagerSmart Horizon Capital Advisors Private Limited
RegistrarBigshare Services Pvt Ltd
Ownership & Proceeds
Shareholding
CategoryPre IPOPost IPOPromoter Group83.63%61%Public16.37%39%
Objects of the Issue
- Funding of capital expenditure requirements of the Company towards setting up of the proposed Manufacturing Unit IV and upgradation of existing units at manufacturing facility in Rajkot, Gujarat.
- Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by its Company.
- General corporate purposes
Anchor Book
Bid Date20-Jul-2026Shares18,40,000Amount₹14 Cr30-day lock-in22-Aug-202690-day lock-in21-Oct-2026
Financials
Profit & Loss
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| RevenueCr | 47 | 51 | 74 | 96 |
| Operating ProfitCr | 3 | 7 | 16 | 22 |
| OPM% | 5.5 | 14.3 | 21.6 | 23.0 |
| PBTCr | 2 | 6 | 13 | 18 |
| PATCr | 1 | 4 | 9 | 12 |
| EPS | - | 121 | 7 | 7 |
Balance Sheet
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Equity CapitalCr | - | 0 | 1 | 18 |
| ReservesCr | - | 7 | 16 | 16 |
| BorrowingsCr | - | 11 | 28 | 32 |
| Total AssetsCr | - | 34 | 65 | 92 |
Cash Flow
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Operating Cash FlowCr | 1 | 2 | 2 | -1 |
| Investing Cash FlowCr | -2 | -6 | -18 | -4 |
| Financing Cash FlowCr | 2 | 4 | 16 | 5 |
| Net Cash FlowCr | 0 | 0 | 0 | 0 |
Strengths & Risks
Strengths · as stated in the DRHP
- Our Manufacturing facility.
- Diversified product portfolio.
- Quality Assurance and Control.
- Our Order Book.
- Long-Standing Relationship with our customers.
Strategies · as stated in the DRHP
- Investment in the proposed Manufacturing Unit IV and upgradation of existing units at manufacturing facility.
- Reduce debt levels and improve Debt to Equity Ratio.
- Enhancing our brand image.
- Expand our business and geographical footprint.
Risks · as stated in the DRHP
- The company is subject to various laws and extensive government regulations and if its fails to obtain, maintain or renew the company's statutory and regulatory licenses, permits and approvals required in the ordinary course of its business, including environmental, health and fire safety laws and other regulations, the company's business financial condition, results of operations and cash flows may be adversely affected.
- The company's Promoter, Rupapara Jay Rameshbhai, was formerly associated with a partnership firm against which Goods and Services Tax proceedings are pending. Although he has retired from the partnership and has no present role in its affairs, any adverse developments in such proceedings may requires his participation in regulatory proceedings and may adversely affect his reputation and, consequently, the company's business, financial condition, results of operations and prospects.
- A significant portion of the company's domestic revenue is derived from customers located in Gujarat, Maharashtra and Uttar Pradesh which accounted for 62.45%, 59.22%%, and 78.70% of its revenue from operations for the financial years ended March 31, 2026, 2025 and 2024, respectively. Any adverse developments in these regions may materially and adversely affect the company's business, financial condition, results of operations and cash flows.
- The company's export its products to various countries and the company's 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 and 2024, respectively. The company's international operations expose its to risks relating to foreign market conditions, geographic concentration, 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 company's business, reputation and results of operations.
- The company's operations is dependent on its existing machinery, equipment and technology for critical business functions, and any failures to maintain, repair, upgrade or adapt to technological changes may adversely affect its business and results of operations.