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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
Funding Capital Expenditure Requirements
Allocating funds to establish Manufacturing Unit IV and upgrade existing machinery at Rajkot.
Repayment or Prepayment of Borrowings
Full or partial prepayment of certain secured loans availed by the company.
General Corporate Purposes
Allocating remaining net proceeds for general corporate operational requirements.
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(₹ in Crore)
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Incorporated in 2008, Metalic Technoforge Limited is an integrated manufacturer of closed die forged and precision machined components. The company supplies critical forged parts including gears, transmission components, flanges, shafts, and custom engineered forged assemblies for automotive and non automotive industrial sectors across India and overseas. The firm operates an integrated manufacturing complex located at Rajkot, Gujarat, equipped with closed die forging presses, heat treatment facilities, CNC turning centers, and precision machining lines. The manufacturing operations are supported by recognized international quality certifications including IATF 16949:2016 and PED 2014/68/EU accreditations. In addition, the company operates an onsite captive 1 MW solar power generation unit that provides a substantial portion of plant electricity needs. Metalic Technoforge serves original equipment manufacturers and tier one suppliers across farm equipment, tractors, oil and gas, construction machinery, and commercial vehicle industries. By managing manufacturing processes from die design and forging to final precision machining, the company delivers high tolerance metal components to meet stringent customer specifications.
The company allocated 18.40 lakh equity shares at ₹77 per share to 7 institutional anchor investors including Solidarity Micro Cap Emerging Leader AIF, Aarth AIF Growth Fund, and India Equity Fund 1, raising ₹14.17 crore.
Source: RHP • Analysis provided for informational purposes
Last Updated: 13 August 2026, 5:44 AM
Integrated Manufacturing Infrastructure
Operates an integrated forging and machining complex in Rajkot with forging lines, heat treatment furnaces, and CNC machining centers.
Diverse OEM Customer Base
Supplies precision forged and machined parts to domestic and international clients in tractor manufacturing, oil and gas, construction, and automotive sectors.
International Quality Certifications
Operations comply with international standards backed by IATF 16949:2016 and PED 2014/68/EU quality accreditations.
Captive Solar Renewable Energy
Maintains an onsite 1 MW captive solar power generation plant fulfilling between 40 percent to 60 percent of plant electricity needs.
Top Customer Revenue Concentration
Approximately 64.61 percent of total revenues originate from the top 10 commercial customers.
Regional Market Exposure
Over 62 percent of domestic product sales are concentrated within Gujarat, Maharashtra, and Uttar Pradesh.
Substantial Vendor Localization
Raw material procurement relies heavily on regional steel suppliers in Gujarat, creating localized supply chain vulnerability.
Metalic Technoforge Limited
Sr. No.-129/1 P4 (New Survey no. 296), Plot No.- 05 & 06, Padavala Main Road, Opp. Electric Power House, Village- Padavala, Veraval (Shapar), Rajkot, Gujarat 360024
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Key Product Segment Reliance
A significant portion of overall revenues is derived from gears and transmission components.