Metalic Technoforge IPO
Metalic Technoforge IPO is a sme IPO raising ₹50 Cr at ₹72 – ₹77 a share. It listed on 28 Jul 2026. We do not have a current price for it yet. It was subscribed 0.00× in total.
No bids yet
populated partly populated we hold nothing here — the tab says why
Where your money goes
Only the fresh issue reaches the company. The offer for sale is existing shareholders selling their own stock — that money goes to them, not the business.
A red herring prospectus is filed before the price is fixed, so it states share counts rather than rupee amounts. derived: shares x cut-off price Rs77 + OFS by subtraction from exchange total Rs50 Cr. Checked: exchange issue size Rs50 Cr vs derived Rs50 Cr (0.0% apart).
What the fresh money funds
The stated uses of the net proceeds, from the prospectus’s Objects of the Issue table. Only the fresh issue funds these — the offer-for-sale money goes to the selling shareholders above.
As stated in the prospectus. “General corporate purposes” is the part with no committed use; SEBI caps it at 25% of the issue.
The price they’re asking
From the prospectus’s own “Basis for Issue Price” — the issuer’s earnings multiple against the peers it chose to compare itself with.
Priced 84% below the median multiple of the peers the issuer itself names.
| Listed peer (issuer’s choice) | P/E | RoNW | EPS |
|---|---|---|---|
| Amic Forging Limited | 66.91× | 13.31% | ₹26.78 |
| Tirupati Forge Limited | 135.43× | 4.72% | ₹0.51 |
| Paramount Speciality Forgings Limited | 14.93× | 7.57% | ₹2.16 |
| This issue | 10.8× | 37% | ₹7.12 |
derived: cut-off price Rs77 / stated EPS Rs7.12 (FY 2025-26 (year ended March 31, 2026), Basic & Diluted EPS, restated post bonus issue, per AS 20). Peer figures are as printed in the prospectus — they date from its filing, not today. A multiple is one lens, not a verdict.
Terms of the issue
The mechanics of what is being sold. Held for every issue we track.
Not here yet
The anchor-investor allocation — which institutions were allotted shares before bidding opened — is still to be read out of its document.