IPO Details

About Company

Metalic Technoforge Ltd., incorporated in 2005, is a prominent player in the manufacturing of forged components and assemblies for various industries including automotive, aerospace, and industrial machinery. The company operates under the aegis of the Metalic Group, which has a strong legacy in metal processing and engineering solutions. Metalic Technoforge boasts a diverse product portfolio that includes precision-engineered forgings, machined components, and value-added services. With state-of-the-art manufacturing facilities located in key industrial hubs, the company has a robust production capacity that supports both domestic and international demand. Its geographic presence spans across India and several export markets, facilitated by an extensive distribution network that ensures timely delivery to clients. In its latest financials, Metalic Technoforge reported a total income of INR 500 crore, with a net profit of INR 50 crore, reflecting an EBITDA margin of 15%. The company has demonstrated strong return metrics with a ROCE of 18% and ROE of 12%, while maintaining a healthy debt-equity ratio of 0.5. The upcoming IPO aims to raise funds for expansion into new markets and to repay existing debt, thereby strengthening its balance sheet. Post-issue, the market capitalization is expected to be around INR 1,200 crore, with an estimated EPS of INR 10 and a P/E ratio of 15, indicating a fair valuation in the current market context. Investor sentiment appears cautiously optimistic, driven by the company’s growth potential and solid fundamentals.