Advance Technoforge IPO Subscription Day 3: Retail Crosses Fully Subscribed Mark as Issue Closes Today

Mumbai, July 29: The Advance Technoforge IPO entered its final day of bidding with retail investors taking the lead, even as overall demand remained below full subscription. As of 10:24 AM on July 29, the ₹24.03 crore fixed-price SME issue was subscribed 0.63 times, with retail participation crossing the one-times mark.

The three-day public issue, which opened on July 27, is scheduled to close later today. Investors can place bids until the market closes, and subscription figures are expected to change significantly during the final hours as last-day applications come in.

Advance Technoforge IPO Day 3 Subscription Status

According to the latest exchange data, the retail category has already been fully subscribed, while demand from non-institutional investors continues to remain subdued.

The issue had received 601 applications as of the latest update.

Retail Investors Drive Demand

Retail participation strengthened steadily over the three-day bidding period. The category improved from 0.37 times on Day 1 to 0.81 times on Day 2, before crossing the fully subscribed mark at 1.13 times on the final day morning.

Meanwhile, NII participation has remained muted, moving from 0.14 times on Day 1 to 0.07 times on Day 2 and 0.12 times on Day 3 morning.

IPO Details

Advance Technoforge is raising ₹24.03 crore through an entirely fresh issue of 24 lakh equity shares priced at ₹95 per share.

The minimum application size for retail investors is 2,400 shares, requiring an investment of ₹2,28,000. HNI investors must apply for at least 3,600 shares, amounting to ₹3,42,000.

The net issue has been split equally between investor categories, with 50% reserved for retail investors and 50% for NIIs, while 1,29,600 shares have been allocated to the market maker.

Important Dates

• IPO closes: July 29, 2026

• Expected allotment: July 30, 2026

• Expected share credit: July 31, 2026

• Expected listing: August 3, 2026 on the BSE SME platform

About Advance Technoforge

Advance Technoforge Limited manufactures forged and precision-machined steel and alloy components used across industries such as automotive, oil and gas, valves, pumps, construction and railway equipment. The company specialises in closed-die forging and precision engineering products supplied to OEMs in India and overseas.

Conclusion

With bidding set to close later today, the Advance Technoforge IPO has seen retail investors fully subscribe their reserved portion, while overall subscription stands at 0.63 times. The final subscription figures will become clearer after market hours as institutional and last-minute retail bids are reflected in the exchange data.

Source:

• https://www.advancetechforge.com/storage/2026/07/Advance_Technoforge_Prospectus.pdf