Advance Technoforge IPO Day 1: 16% Subscribed

Advance Technoforge Limited is a company that makes special parts for cars, machines, and other industries.

They are selling shares to the public for the first time, called an IPO.

The IPO started on 27 July and will end on 29 July.

Each share costs ₹95.

On the first day, only 16% of the shares were bought, but the part for small investors was 29% full.

The grey market, where people guess the future price, shows a small extra cost of +9, which might mean the shares could be worth more after the IPO.

The company will use the money to buy new machines, pay back loans, and have extra money for daily work.