Advance Technoforge Ltd IPO

About Advance Technoforge Ltd

Our Company was incorporated as a private limited company in the name and style of `Advance Technoforge Private Limited,' under the Companies Act, 1956, pursuant to a Certificate of Incorporation dated August 05, 2013 issued by the Registrar of Companies, Gujarat, at Ahmedabad, (RoC). Pursuant to a special resolution passed by our shareholders in the Extra Ordinary General Meeting held on 8 July 2024, our Company was converted into a public limited company and the name of our Company was changed to `Advance Technoforge Limited' and a fresh Certificate of Incorporation dated 6 September 2024 was issued to our Company by the RoC.

The Indian metal forging market is expected to reach US$ 8.0 Bn by 2029, implying a 10.69% CAGR during 2023-2029. With an installed capacity of around 38.5 lakh MT, Indian forging industry has a capability to forge variety of raw materials like Carbon steel, alloy steel, stainless steel, super alloy, titanium, aluminium and so forth, as per the requirements of user industry. The Indian forging industry is concentrated around its end user customer locations. Therefore, the major forging clusters are found to be in the states of Maharashtra, Punjab, Gujarat, Tamil Nadu, Haryana, Delhi, Karnataka, Jharkhand, West Bengal and Andhra Pradesh. The Indian casting and forging sector has equipped itself to retain its prowess to accelerate revenue from the auto sector. Heavy expansion by way of organic and inorganic growth has been playing an important role in this industry. The Indian Casting and Forging industry has gone through up-gradation to be in sync with the international practices. Given the enormous potential, frontline domestic players have started building up world scale capabilities by either putting up Greenfield projects or acquiring sick global facilities and turning them around as business solutions for setting up a foreign business in India.

We are leading manufacturing and export driven organisation which is primarily customer focused. We serve in automobile and industrial valves and pumps industries. We are specialised in manufacturer of structural metal products, automotive parts, Agriculture parts, material lifting equipment parts and general engineering parts, etc. We are also specialising in delivering innovative industrial and auto components solutions. We are also manufacturing and exporting closed die hot forging, Ring Rolling, Upset forging and precision machining backed by full service supply capability and dual shore manufacturing model. We provide end to end solutions from product conceptualization to designing and finally manufacturing, testing and validation. Our team works closely with clients to conceptualised idea and bring them to life. Our mantra is redefining the strength of material and deliver innovative industrial and auto components solution.

Strengths

Risk

Strategy