Metalic Technoforge made a strong debut on the NSE SME platform, trading at ₹83.50, representing a 13% premium to its issue price of ₹77. The stock opened at ₹87 and pared gains during the trading session, with approximately 20.83 lakh shares changing hands. According to Livemint, the listing performance was slightly better-than-expectations, as grey market sources had indicated the stock could list at an 8% premium to the issue price.
The company's IPO was significantly oversubscribed at nearly 6 times, with the issue opening for bidding on 21 July 2026 and closing on 23 July 2026. As reported by Livemint, the IPO was a completely fresh issue of 64.88 lakh equity shares to raise nearly ₹50 crore. Prior to the public offering, Metalic Technoforge raised ₹14.16 crore from anchor investors on 20 July 2026, allotting 18.40 lakh shares at ₹77 per share to 7 anchor investors.
According to Livemint, the company plans to utilize the net proceeds from the IPO strategically. The funds will be allocated toward capital expenditure requirements, with ₹30.8 crore specifically earmarked for setting up the proposed Manufacturing Unit IV and upgradation of existing units at its manufacturing facility in Rajkot, Gujarat. Additionally, ₹6.72 crore will be used for full or partial repayment and prepayment of certain outstanding secured borrowings, while the remaining funds will be used for general corporate purposes.
Metalic Technoforge operates as a manufacturer of closed-die forged and precision-machined components for automotive and industrial applications, based in Rajkot, Gujarat. As reported by Livemint, the company produces closed-die forgings and precision-machined components such as rings, ball studs, gears, and coupling assemblies, serving both domestic and international original equipment manufacturers in sectors including automotive, agricultural equipment, hydraulics, construction machinery, and general engineering. The company maintained an order book of approximately ₹24.47 crore as of 1 March 2026, with 188 employees across its manufacturing units and registered office as of 28 February 2026.
For the period ended 31 March 2026, Metalic Technoforge recorded revenue from operations of ₹12.36 crore and net profit of ₹95.54 crore, demonstrating strong financial performance ahead of its public listing.
