Advance Technoforge IPO Day 1: Issue subscribed 16% so far. Check GMP, key details

Advance Technoforge's ₹24.03 crore IPO opened for subscription on 27 July 2026 with a fixed price band of ₹95 per share and was subscribed 16 percent on day one, with the retail portion at 29 percent and NII portion at 2 percent. The grey market premium stood at +9, indicating an estimated listing price of around ₹104, about 9.47 percent above the issue price. The fresh issue of 25 lakh equity shares will fund machinery purchase, working capital needs, debt repayment, and general corporate purposes, with the issue closing on 29 July.