Advance Technoforge IPO Subscription Status: Issue Subscribed 0.03 Times On Day 1, Retail Portion At 0.06x

Mumbai, July 27: Advance Technoforge IPO opened for subscription on Monday, with early bidding showing a measured start for the ₹24.03 crore SME issue. The IPO was subscribed 0.03 times by around 10:38 AM on Day 1, according to the latest available subscription data.

Individual investors were the early participants, with their portion subscribed 0.06 times. The NII and QIB categories were yet to see meaningful participation during the opening hours. The issue will remain open for bidding until July 29 2026.

Advance Technoforge IPO Subscription Status Summary

Advance Technoforge IPO received bids for 78,000 shares against 24,00,000 shares available for subscription by around 10:38 AM on July 27 2026.

Individual investors placed bids for 74,400 shares against 12,00,000 shares available in the category. The NII segment had received bids for 3,600 shares at the same point.

The QIB portion had not received bids during the early subscription window. Since these are Day 1 morning figures, the numbers can change as bidding progresses through the session.

Advance Technoforge IPO Issue Details

Advance Technoforge IPO is a fixed-price SME issue with an issue price of ₹95 per share. The company is raising ₹24.03 crore through a fresh issue of 25,29,600 shares.

Of the total issue, 1,29,600 shares are reserved for the market maker. The net offer to the public comprises 24,00,000 shares.

The minimum application size for individual investors is 2,400 shares, requiring an investment of ₹2,28,000 at the issue price. The minimum HNI application is 3,600 shares, amounting to ₹3,42,000.

Sun Capital Advisory Services Private Limited is the book-running lead manager, while Kfin Technologies Limited is the registrar to the issue.

Advance Technoforge IPO Day-Wise Subscription

As the IPO opened only on July 27 2026, the available figures represent the first few hours of the three-day bidding period.

The issue will remain open through July 29 2026, giving investors the rest of Day 1 and two additional bidding days to participate.

Advance Technoforge IPO Allotment And Listing Date

After the subscription window closes on July 29 2026, the basis of allotment is expected to be finalised on July 30 2026.

Refunds or the unblocking of funds for unsuccessful applicants are scheduled for July 31 2026. Shares are also expected to be credited to the demat accounts of successful applicants on the same day.

Advance Technoforge shares are scheduled to list on the BSE SME platform on August 3 2026.

Conclusion

Advance Technoforge IPO made a modest start on Day 1, reaching 0.03 times subscription by around 10:38 AM. Individual investors accounted for most of the early bids, while institutional and non-institutional participation remained limited. With bidding continuing until July 29 2026, the subscription picture will become clearer over the remaining sessions.

Source:

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