Incorporated in 2013, Advance Technoforge Limited (ATL) is engaged in the manufacturing and supplying of the forged and precision machined parts with coatings and treatments, serving industries like automotive, valves, pumps, construction, and more.
With 20+ years of experience the company manufactures the qualified product lines cto global original equipment manufacturers-OEMs in Automotive, oil and gas industries, earth moving equipment, Railway etc.
Products:
As of 30 June 2026, the company has 205 employees as on engaged in manufacturing, marketing, administration, financial, legal and other activities of the Company.
Competitive Strengths:
Advance Technoforge Ltd.’s revenue decreased by 1% and profit after tax (PAT) rose by 51% between the financial year ending with March 31, 2026 and March 31, 2025.
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 46.92 | 39.51 | 28.65 |
| Total Income | 50.73 | 51.16 | 48.24 |
| Profit After Tax | 4.06 | 2.70 | 1.70 |
| EBITDA | 8.35 | 5.52 | 3.86 |
| NET Worth | 13.38 | 9.56 | 6.93 |
| Reserves and Surplus | 7.19 | 3.13 | 6.44 |
| Total Borrowing | 17.29 | 17.51 | 11.19 |
| Amount in ₹ Crore | |||
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Millworks Technologies Ltd. | SME | ₹160.34 Cr | ₹331 | 11.4 | ₹660.30 | +99.49% | ₹693.30 (+5.00%) |
| Apsis Aerocom Ltd. | SME | ₹35.77 Cr | ₹110 | 14.58 | ₹160.65 | +46.05% | ₹409.45 (+1.99%) |
| Digilogic Systems Ltd. | SME | ₹81.00 Cr | ₹104 | 28.52 | ₹79.05 | -23.99% | ₹115.00 (-1.63%) |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Purchase and installation of machinery for manufacturing of precision machine components at the Existing Premises (Including GST) | 7.19 |
| 2 | Part Funding of working capital requirements | 7.25 |
| 3 | Repayment / Prepayment of all or certain of borrowings availed by the Company | 2.40 |
| 4 | General Corporate purposes | 3.59 |
| 5 | Issue Expenses | 3.60 |
| Total | 24.03 |
| KPI | Mar 31, 2026 |
|---|---|
| ROE | 30.33% |
| ROCE | 22.52% |
| Debt/Equity | 1.29 |
| RoNW | 30.33% |
| PAT Margin | 8.11% |
| EBITDA Margin | 16.69% |
| Price to Book Value | 4.61 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 6.24 | 4.49 |
| P/E (x) | 15.22 | 21.16 |
| IPO Date | 27 to 29 Jul, 2026 |
| Listing Date | Mon, Aug 3, 2026 |
| Face Value | ₹10 per share |
| Issue Price | ₹95 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 25,29,600 shares (agg. up to ₹24 Cr) |
| Reserved for Market Maker | 1,29,600 shares (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 24,00,000 shares (agg. up to ₹23 Cr) |
| Net Offered to Public | 24,00,000 shares (agg. up to ₹23 Cr) |
| Share Holding Pre Issue | 65,00,000 shares |
| Share Holding Post Issue | 90,29,600 shares |
Nilesh Shambhubhai Moliya, Pradipbhai Bhikhabhai Vora, Daxaben Nileshbhai Moliya, Kajal Alpesbhai Moliya, Shraddhaben Pradipbhai Vora
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 71.99% |
As per our analysis and Based on the information we have, this is the output.
Allah knows best.
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