Metalic Technoforge IPO Day 1: Issue subscribed 28% so far. Check GMP, issue details

Metalic Technoforge IPO opened on 21 July 2026 with a price band of about 72 to 77 rupees per share and was subscribed 28 percent on Day 1. The retail portion was booked 49 percent and NII portion 17 percent, while QIBs had not bid yet; grey market premium was zero. The entire issue is a fresh issue of 64.88 lakh equity shares aggregating to nearly 50 crore rupees, with proceeds earmarked for a new manufacturing unit, facility upgrades, and debt repayment. Shares are proposed to list on the NSE Emerge platform with a tentative listing date of 28 July.