Advance Technoforge IPO Subscription Status Day 2: Retail Demand Improves As Issue Sees 0.25x Subscription

Mumbai, July 28: Advance Technoforge IPO continued to witness a slow but steady response from investors on the second day of bidding. As of around 10:14 AM, the ₹24.03 crore fixed price issue had been subscribed 0.25 times, with retail investors accounting for most of the demand.

The IPO, which opened for subscription on July 27, will remain available for bidding until July 29. While overall subscription is still below one time, participation from individual investors has improved compared with the opening day, whereas non-institutional investor (NII) interest remains muted.

Retail Investors Continue To Drive Demand

According to the latest subscription data, investors placed bids for 5,96,400 shares against 24,00,000 shares reserved for the public issue.

The retail category was subscribed 0.46 times, making it the strongest-performing segment so far. The NII category was subscribed 0.03 times during the morning session. As expected in SME IPOs, subscription levels are likely to change throughout the day as additional bids are received.

Subscription Trend

Investor participation has remained largely stable over the first two days of bidding.

Day 2 figures are based on subscription data available around 10:14 AM on July 28 and are not the final closing numbers.

About The IPO

Advance Technoforge is looking to raise ₹24.03 crore through a fresh issue of 25,29,600 equity shares.

The IPO is priced at ₹95 per share. Retail investors are required to apply for a minimum of 2,400 shares, taking the minimum investment to ₹2,28,000. The issue is being managed by Sun Capital Advisory Services Pvt. Ltd., while Kfin Technologies Limited is acting as the registrar.

Key Dates

• IPO Closing Date: July 29 2026 

• Expected Allotment: July 30 2026 

• Refunds / Fund Unblocking: July 31 2026 

• Credit of Shares: July 31 2026 

• Proposed Listing: August 3 2026 on BSE SME 

Conclusion

Advance Technoforge IPO is still in the early stages of its subscription window, and the final demand picture will become clearer closer to the issue’s closing on July 29. For now, retail investors are showing relatively better participation, while broader investor interest is expected to build over the remaining bidding period.

Source:

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