Metalic Technoforge IPO Subscription Status
Final figures at close of bidding: 28 Jul 2026, 6:30 pm IST
| Category | Subscription |
|---|---|
| QIB | 4.58x |
| NII | 17.07x |
| sNII (₹2L–₹10L) | 9.6x |
| bNII (above ₹10L) | 20.82x |
| Retail (RII) | 7x |
| Total | 8.47x |
Bidding day 3
Day-wise subscription
| Day | QIB | sNII | bNII | Retail | Total |
|---|---|---|---|---|---|
| Day 1 | 0x | 0.44x | 0.22x | 0.62x | 0.37x |
| Day 2 | 0.48x | 0.9x | 0.5x | 1.16x | 0.85x |
| Day 3 | 4.58x | 9.6x | 20.82x | 7x | 8.47x |
Times subscribed per category (bids vs shares offered, anchor portion excluded). Bidding has closed — these are the final figures.
How the book filled
Day-by-day demand
The Metalic Technoforge book was built over 3 days: overall subscription stood at 0.37× at the close of day 1, read 0.85× at the end of day 2, and finished at 8.47× on day 3. On the final day it was non-institutional investors (NII) driving the book, at 17.07× of the shares set aside for the category. More than half of the final demand arrived after day 1 — a late-building book. The largest single-day addition came on day 3, when the overall multiple moved from 0.85× to 8.47×.
Category detail
Qualified institutional buyers took their portion to 4.58×. Non-institutional investors came in at 17.07×, split 9.6× in the small-NII bucket (bids under ₹10 lakh) and 20.82× among big NIIs (above ₹10 lakh). Within the NII book, the bigger ₹10-lakh-plus bids outpaced the smaller applications. Retail investors put in bids for 7× the shares reserved for them. That puts non-institutional investors (NII) at the top of the book at 17.07× and qualified institutional buyers (QIB) at the bottom at 4.58×.
What the multiple means for allotment
With retail subscription at 7×, applications in that category exceeded the shares available to it by a factor of about 7. When a retail book is oversubscribed, the registrar does not allot proportionately — allotment runs as a computerised lottery among all valid applications, with each successful application receiving at least one lot of 1600 shares — ₹1,23,200 of stock at the upper band. The multiple above is the data point that determines how thinly that draw is spread; it describes the final book, not the outcome of any single application.
Frequently asked questions
- When does the Metalic Technoforge IPO open and close?
- The Metalic Technoforge IPO opens on 21 Jul 2026 and closes on 23 Jul 2026.
- How many times was the Metalic Technoforge IPO subscribed?
- The Metalic Technoforge IPO was subscribed 8.47 times in total across all investor categories.
- What is the reservation split in the Metalic Technoforge IPO?
- Of the total shares offered, retail investors get 35.06%, QIBs 20% (plus 29.87% anchor), non-institutional investors 15.06%.