Metalic Technoforge IPO Day 3 Live: ₹49.96 Crore Issue Fully Subscribed At 1.02 Times As Final Day Bidding Begins

Mumbai, July 23:Metalic Technoforge IPO entered its final day of subscription on Thursday with the public issue crossing the fully subscribed mark in early trade. As of 10:14 AM, investors had subscribed the ₹49.96 crore SME IPO 1.02 times, with retail investors continuing to drive demand while institutional participation remained relatively muted.

The three-day book-built issue, which opened on July 21, will close for subscription later today. With several hours of bidding still left, subscription figures are expected to change significantly before the issue closes this evening.

Retail Investors Keep The Issue Above Full Subscription

Early subscription data suggests that retail investors continue to show the strongest interest in the offering.

The Individual Investors (Retail) portion was subscribed 1.44 times, comfortably crossing the fully subscribed mark. The NII category received bids for 0.76 times the reserved portion, while the QIB (Ex Anchor) segment was subscribed 0.48 times in the morning session.

Overall, investors had bid for 44,00,000 shares against 43,20,000 shares on offer, taking the total subscription to 1.02 times.

MetalicTechnoforge IPO Subscription Status Today

As of 10:14 AM on July 23 (Day 3):

• QIB (Ex Anchor): 0.48x
• NII: 0.76x
• bNII: 0.57x
• sNII: 1.13x
• Retail (Individual Investors): 1.44x
• Overall Subscription:1.02x

With bidding set to close later today, the final subscription numbers are likely to witness further movement, particularly during the final hours when institutional and high-net-worth investor participation generally increases.

Metalic Technoforge IPO Details

Metalic Technoforge plans to raise ₹49.96 crore through a fresh issue of 64.88 lakh equity shares.

The IPO has a price band of ₹72 to ₹77 per share, while the final issue price will be determined after the book-building process.

Investors can apply for a minimum of 1,600 shares, requiring an investment of ₹2,46,400 at the upper price band. The minimum application for S-HNI investors is 4,800 shares, amounting to ₹3,69,600.

Issue Reservation

The net issue has been reserved as follows:

• QIB: 49.87%
• NII: 15.06%
• Retail: 35.06%

An additional 3,28,000 shares have been reserved for the market maker.

Key IPO Dates

• IPO Opens: July 21 2026
• IPO Closes:July 23 2026
• Expected Allotment: July 24 2026
• Expected Refunds: July 24 2026
• Expected Credit of Shares: July 27 2026
• Tentative Listing: July 28 2026

About MetalicTechnoforge

Metalic Technoforge Limited manufactures precision-engineered metal components used across industries such as automotive, engineering and industrial machinery. The company focuses on producing forged and machined components for domestic as well as export markets, serving customers that require high-quality engineering products.

Conclusion

Metalic Technoforge IPO has entered the final stretch of bidding on a positive note after crossing the fully subscribed mark in early trade. While retail investors have already ensured full subscription, market participants will closely watch whether institutional and NII demand gathers momentum during the remaining trading hours before the issue closes later today.

Source:

• https://www.chittorgarh.net/reports/anchor-investor/metalic-technoforge-company_anchor_format-sme-ipo.pdf