The Advance Technoforge IPO recorded a 16% overall subscription on its opening day, July 27, 2026, led primarily by retail investors. The ₹24.03 crore fixed-price SME issue is available at a price of ₹95 per share until July 29, 2026, and currently carries a Grey Market Premium (GMP) of ₹9.Day 1 Subscription StatusOn Day 1 of public bidding, Advance Technoforge Limited received bids for 3,72,000 shares against the 24,00,000 shares on offer. Participation was largely driven by individual retail bidders, while institutional involvement remained muted on the opening day.Investor CategorySubscription MultipleShares BidRetail Individual Investors (RII)0.29x (29%)Bidding ActiveNon-Institutional Investors (NII)0.02x (2%)Bidding ActiveQualified Institutional Buyers (QIB)0.00xYet to BidTotal Overall Subscription0.16x (16%)3,72,000 SharesPrice Band, Lot Size & Investment RequiredThe IPO is entirely a fresh issue of 25 lakh equity shares aggregating to ₹24.03 crore, with no Offer for Sale (OFS) component.Fixed Price: ₹95 per equity share (face value of ₹10 each).Minimum Lot Size: 1,200 shares.Minimum Investment (Retail): Retail investors must apply for a minimum of 2 lots (2,400 shares), translating to an outlay of ₹2,28,000.Lead Manager & Registrar: Sun Capital Advisory Services Pvt. Ltd. is managing the issue, and KFin Technologies Ltd. serves as the registrar.Grey Market Premium (GMP) TodayAs of Day 1, market tracking shows the Grey Market Premium (GMP) for Advance Technoforge shares trading at +₹9 per share over the issue price.At the fixed issue price of ₹95, the current GMP signals an estimated listing price of ₹104 per share, indicating potential listing gains of approximately 9.47% on the unorganized market.Market Note: The grey market premium reflects informal, unregulated trading sentiment and can fluctuate significantly depending on market sentiment prior to official listing.Objects of the Issue & Operational FootprintFounded in 2013, Gujarat-based Advance Technoforge Limited manufactures forged and precision-machined components—including closed-die, upset, and ring rolling forgings—for automotive, oil & gas, railway, construction, and heavy machinery OEMs.The company plans to deploy the ₹24.03 crore net proceeds as follows:₹7.19 crore for purchasing and installing precision component machinery.₹7.25 crore to meet working capital requirements.₹2.40 crore for debt prepayment and repayment.₹3.59 crore toward general corporate purposes.₹3.60 crore for issue-related expenses.Important IPO TimelinesBidding Window: July 27, 2026 – July 29, 2026Basis of Allotment: July 30, 2026Refunds & Demat Credit: July 31, 2026Tentative Listing Date (BSE SME): August 3, 2026Also Read :- Shree Balaji (Mala) Textiles IPO Allotment Expected Today: Check GMP and Allotment Status
