Advance Technoforge IPO Day 2 Live: Total subscription at 0.49x

Advance Technoforge IPO Day 2 Live: Total subscription at 0.49x - Check analysts view and more

0 min read Updated on 28 Jul 2026, 05:23 PM

Reviewed by

Ritika DScanX News Team

AI Summary

Advance Technoforge IPO Day 2 sees total subscription at 0.49x. Retail category leads with 0.8x, while QIBs are at 0x. The issue size is between ₹228000 and ₹500000 crore with a price band of ₹95.00000.

*this image is generated using AI for illustrative purposes only.

Advance Technoforge IPO is currently in its second day of subscription, with the issue seeing a cumulative subscription of 0.49x so far. While Qualified Institutional Buyers (QIBs) have not yet placed bids, retail investors have shown moderate interest, subscribing to 0.8x of their quota.

Subscription Status

The IPO opened with a price band of ₹95.00000 - ₹95.00000. Below is the subscription status for Day 2:

Category	Subscription Multiple
Qualified Institutional Buyers (QIB)	0 x
Non-Institutional Buyers (bHNI)	0.12 x
Non-Institutional Buyers (sHNI)	0 x
Employees	0 x
Retail	0.8 x
Total Subscribed	0.49 x

About the Company

Advance Technoforge is offering shares through an Initial Public Offering. The company's issue size ranges between ₹228000 crore and ₹500000 crore. The minimum bid quantity for investors is set at 2400 shares.

Key Dates

IPO Open Date: Day 1 (Subscription ongoing)
IPO Close Date: Pending
Allotment Date: Pending
Listing Date: Pending

Investors are advised to monitor the subscription trends as the issue progresses towards its final day.

Will the lack of Qualified Institutional Buyer (QIB) interest on Day 2 signal potential listing gains or losses for retail investors?

How might the current low subscription multiple impact Advance Technoforge's ability to raise the full target amount of up to ₹50,000 crore?

What factors could drive a surge in Non-Institutional and QIB bids in the final days of the subscription window?

Subscription Status

The table below details the Day 1 subscription figures across different investor categories:

Category	Subscription Multiple
Qualified Institutional Buyers (QIB)	0 x
Non-Institutional Buyers (bHNI)	0.12 x
Non-Institutional Buyers (sHNI)	0 x
Retail	0.36 x
Employees	0 x
Total Subscribed	0.25 x

About the Company

Advance Technoforge is offering shares to the public through this Initial Public Offering. The company operates in the manufacturing sector, focusing on advanced forging technologies. Key financial metrics and operational details are outlined in the prospectus filed with regulatory authorities.

Offer Details

Key details of the Advance Technoforge IPO include:

Price Band: ₹95.00000 to ₹95.00000
Issue Size: ₹228000 crore (Minimum) to ₹500000 crore (Maximum)
Lot Size: 2400 shares
IPO Dates: Opened today

Investors can track the subscription progress as the bidding window continues.

What specific factors might drive Qualified Institutional Buyers (QIBs) to enter the bidding in the remaining days of the IPO window?

How does Advance Technoforge's valuation compare to its peers in the advanced forging and manufacturing sector, and is it perceived as overvalued by institutional investors?

Could the lack of interest from High Net-Worth Individuals (HNIs) signal broader concerns about the company's growth prospects or governance structure?