Initial public offer of 64,88,000 equity shares of face value of Rs.10/- each (the "Equity Shares") of Metalic Technoforge Limited ("the Company" or "Metalic" or "the Issuer") at an issue price of Rs. 77 per equity share including a share premium of Rs. 67 per equity share (the "Issue Price") aggregating to Rs. 49.96 Crores ("the Issue"), of which 3,28,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 77 per equity share including a share premium of Rs. 67 per equity share aggregating to Rs. 2.53 Crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e., Net issue of 61,60,000 equity shares of face value of Rs. 10/- each at a price of Rs. 77 per equity share including a share premium of Rs. 67 per equity share aggregating to Rs. 47.43 Crores is herein after referred to as the "Net Issue". The issue and the net issue will constitute 27.05% and 25.68% respectively of the post issue paid up equity share capital of the company.
Price Band: Rs. 77 per equity share of face value of Rs. 10/- each.
The floor price is 7.7 times the face value of the equity shares.
Bids can be made for a minimum of 3200 equity shares and in multiples of 1600 equity shares thereafter.
IPO Details
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
21-Jul-2026
23-Jul-2026
₹ 77.00
₹ 0.00
Minimum Application for shares in Nos
Minimum Application for shares in Nos : 3200.0 Further Multiples of : 1600.0
(₹)Cr.
Lead Managers to the Issue
Project Cost
43.47
Smart Horizon Capital Advisors Private Limited
Project Financed through Current Offer
49.96
Post Issue Equity Share Capital
23.98
Issue Price
₹77.00
Projects
Projects
Funding of capital expenditure requirements of the Company towards setting up of the proposed Manufacturing Unit IV and upgradation of existing units at manufacturing facility in Rajkot, Gujarat.
Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by its Company.