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Anand Seamless IPOLISTED
Anand Seamless Limited manufactures seamless tubes, pipes and finned tubes for industries including oil and gas, petrochemicals, power, pharmaceuticals, automobiles and defence.
Listing price
₹72.1
+0.14%
Current price
—
Not available
Issue price
₹72
Upper band
Listed on
29 Sept 26
ANANDSEAMLESS
- Open25 Sept
- Close24 Sept
- Allotment25 Sept
- Refund28 Sept
- Demat28 Sept
- Listing29 Sept
Listed at
₹72.1
+0.14% on 29 Sept 26
Overview
Price band
₹72
Lot size
1,600 shares
Minimum application 2 lots
Face value
₹10 / share
Issue type
Book Built Issue
Min. investment
₹2,30,400
2 lots · 3,200 shares
Listing at
BSE
Issue Size : 35,44,000 shares worth ₹25.52 Cr
- Fresh Issue : 35,44,000 shares worth ₹25.52 Cr
IPO Share Reservation
Total
94.98%
Lot size & investment
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | ₹2,30,400 |
| Retail (Max) | 2 | 3,200 | ₹2,30,400 |
| S-HNI (Min) | 3 | 4,800 | ₹3,45,600 |
| S-HNI (Max) | 8 | 12,800 | ₹9,21,600 |
| B-HNI (Min) | 9 | 14,400 | ₹10,36,800 |
Listing performance
Listing gain
+0.14%
Gain per retail lot
₹320.00
Latest vs issue
—
GMP was
—
Latest price shows here when a live quote is available (NSE main-board stocks).
Subscription
- NII (HNI)2.06xNII (HNI)2.06xNon-Institutional InvestorsShares offered 16,83,000Shares applied 34,74,000Bid amount ₹25.01 Cr
- Retail0.98xRetail0.98xRetail Individual InvestorsShares offered 16,83,000Shares applied 16,42,000Bid amount ₹11.82 Cr
- Total1.52xTotal1.52xAll categories combinedShares offered 33,66,000Shares applied 51,15,000Bid amount ₹36.83 Cr
Financials
| Period(₹ Cr) | Revenue | Expense | PAT | Assets | Borrowing |
|---|---|---|---|---|---|
| Mar 2024 | 37 | 32.45 | 3.36 | 35.55 | 14.21 |
| Mar 2025 | 33.64 | 30.06 | 2.65 | 52.4 | 21.22 |
| Mar 2026 | 56.17 | 48.73 | 5.48 | 67.58 | 28.21 |
KPI & Valuation
Key performance indicators
- ROE
- 28.05%
- PAT Margin
- 9.75%
- ROCE
- 20.66%
- EBITDA Margin
- 18.25%
- Debt to Equity Ratio
- 1.44
- RoNW
- 28.05%
As of 31 Mar 2026
Valuation
- EPS Pre IPO
- ₹6.5
- EPS Post IPO
- ₹4.58
- P/E Pre IPO
- 11.08
- P/E Post IPO
- 15.72
Strengths & risks
Strengths
- Specialized Products serving diverse industrial sectors.
- Integrated Manufacturing with in-house production capabilities.
- Strong Certifications including ISO and IBR approvals.
- Diverse Customer Base across multiple industries.
- Finned Tube Expertise with specialized manufacturing capabilities.
Risks
- Customer Concentration with top customers contributing significantly to revenue.
- Supplier Concentration for key raw materials.
- Raw Material Volatility may impact margins.
- High Competition from existing and new players.
- Debt Obligations may impact financial flexibility.
Objects of the issue
| Purpose | Amount (₹ Cr) |
|---|---|
| Financing the cost towards capacity expansion, technological upgradation, cost optimization of the operations and support to the manufacturing facility at Survey No. 944, Ankhol Patiya, Chhatral-Kadi Road, Village Indrad, Mahesana, Kadi, Gujarat, India, 382715. | 13.2 |
| Full or part repayment and/or prepayment of certain outstanding secured and unsecured borrowings availed by the Company. | 5.73 |
| General Corporate Purposes. | 3.7 |
| Issue Expenses. | 3.13 |
Promoter Holdings
Company Promoter(s)
- Kedar Mayank Choksi
- Heta Kedar Choksi
Registrar & contacts
Registrar
MUFG Intime India Pvt. Ltd.
- 022-49186000
- anandseamless.smeipo@in.mpms.mufg.com
- https://in.mpms.mufg.com/Initial_Offer/public-issues.html
Company
Anand Seamless Limited
- Plot No. 129-A Ankhol Patiya, Chhatral-Kadi Road, Village Indrad, Mehsana, Gujarat, 382715
- +91 63573 64613
- cs@anandseamless.com
- https://www.anandseamless.com/
Documents
Lead managers
About Anand Seamless
Anand Seamless Limited manufactures and supplies seamless tubes, pipes and finned tubes, including carbon steel, alloy steel, U-bend and studded tubes, serving industries such as oil & gas, petrochemicals, power, chemicals, pharmaceuticals, automobiles and defence.
Product Portfolio:
- Seamless Tubes and Pipes
- Finned Tubes
The company has an integrated manufacturing setup with cold drawing, heat treatment, testing and fin welding capabilities, with a capacity of 3,000 MT of seamless tubes/pipes and 3,60,000 metres of finned tubes annually.
The company serves both domestic and international markets, catering to industries including oil & gas, chemicals, pharmaceuticals, power, automobiles, railways and defence.
The company follows ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018 standards and holds IBR approvals as a “Well Known Tube Maker” and “Well Known Pipe Maker.”
As of March 31, 2026, the company had 100 permanent employees and engaged 67 contractual personnel acro