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Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Capital Expenditure for Machinery
Procurement and installation of precision machining equipment at the existing manufacturing plant.
Working Capital Funding
Meeting incremental working capital demands to support expanded production volumes.
Repayment of Borrowings
Partial prepayment or repayment of outstanding credit facilities to reduce debt obligations.
General Corporate Purposes
Funding administrative, branding, and unallocated operational expenses.
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(₹ in Crore)
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Advance Technoforge Limited, established in 2013 and headquartered in Rajkot, Gujarat, is engaged in the manufacturing and supply of forged steel machined components. The company produces closed-die forgings, upset forgings, ring-rolling forgings, and precision-engineered parts using carbon steel, alloy steel, and stainless steel grades. The company operates a manufacturing facility equipped with forging hammers, friction drop presses, CNC machining centers, VMC machines, and heat treatment equipment. Its product portfolio includes gear blanks, flange forgings, shaft forgings, valve bodies, and custom industrial components designed for demanding mechanical applications. Advance Technoforge serves clients across multiple domestic and international markets in sectors such as automotive, oil and gas, railways, earthmoving, agricultural equipment, power transmission, and general engineering. The company maintains quality control certifications and testing infrastructure to meet customer specifications.
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Source: RHP • Analysis provided for informational purposes
Last Updated: 13 August 2026, 5:38 AM
Integrated Forging and Machining Operations
The company possesses comprehensive in-house facilities for closed-die forging, heat treatment, and precision CNC machining, enabling tight quality control and faster product turnarounds.
Diverse Industry Exposure
Serving multiple end-user sectors including automotive, railways, oil and gas, and heavy equipment reduces dependence on any single industry cycle.
Established Customer Base and Geographic Reach
Long-standing relationships with original equipment manufacturers in domestic and export markets provide recurring revenue stability.
Raw Material Price Volatility
Fluctuations in steel prices, the primary raw material, could adversely impact operating margins if cost increases cannot be passed on to clients.
Working Capital Requirements
Operations require significant working capital to manage inventory and credit terms for industrial buyers, leading to high short-term borrowing needs.
Geographic Concentration of Facilities
Manufacturing operations are centralized at a single site in Gujarat, exposing the business to localized operational disruptions.
Advance Technoforge Limited
Sr. No. 121, Plot No. 1 to 6, At. & Po. Padavala Road, Opp. Waterflow Piping System, Veraval Shapar, Lodhika, Rajkot, Gujarat, India - 360024
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