IPO details · Updated
Anand Seamless Limited
- Price Band
- ₹72
- Lot Size
- 1,600 shares
- Min. Investment
- ₹1,15,200
- Issue Size
- ₹25.52 Cr
- Offer Dates
- 22 Sept – 24 Sept 2026
- Listing
- 29 Sept 2026
Issue Details
- Total Issue Size
- ₹25.52 Cr
- 35,44,000 shares
- Fresh Issue
- ₹25.52 Cr
- 35,44,000 shares
- Offer for Sale
- ₹0 Cr
- Face Value
- ₹10 per share
- Issue Type
- Book-built IPO
- Listing At
- BSE SME
- Shares Pre-Issue
- 84,25,458
- Shares Post-Issue
- 1,19,69,458
IPO Timeline
Offer opens
22 Sept 2026
Offer closes
24 Sept 2026
Allotment
25 Sept 2026
Listing
29 Sept 2026
Issue Allocation
Share of the offer reserved for each investor category
- HNI47.5%16,83,200 shares
- Retail47.5%16,83,200 shares
- MarketMaker5.0%1,77,600 shares
Subscription Status
Subscription figures will appear here once bidding opens on 22 Sept 2026.
Lot Size & Investment
1 lot = 1,600 shares
Retail (min)
2 lots · 3,200 shares
Retail (max)
2 lots · 3,200 shares
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 2 | 3,200 | ₹2,30,400 |
Financial Performance
Restated figures in ₹ crore, unless stated otherwise
| Period | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Assets | 67.58 | 52.4 | 35.55 |
| Total Income | 56.17 | 33.64 | 37 |
| Profit After Tax | 5.48 | 2.65 | 3.36 |
| EBITDA | 10.22 | 5.9 | 6.51 |
| Net Worth | 19.52 | 14.05 | 11.4 |
| Reserves & Surplus | 11.1 | 13.94 | 11.29 |
| Total Borrowing | 28.21 | 21.22 | 14.21 |
Key Performance Indicators
| Period | Sep-25 | Mar-25 |
|---|---|---|
| ROE (%) | 16.57 | 18.87 |
| ROCE (%) | 11.65 | 15.64 |
| EPS (₹) | — | 6.5 |
| P/E (pre-issue) | — | 11.08 |
| P/E (post-issue) | — | 15.72 |
Peer Comparison
Listed companies in the same business
| Company | P/E | ROE |
|---|---|---|
| Venus Pipes & Tubes Ltd | 31.86 | 15.25% |
| Gandhi Special Tubes Ltd | 15.69 | 21.64% |
| Ratnamani Metals & Tubes Ltd | 34.16 | 13% |
| Scoda Tubes Ltd | 19.62 | 9.95% |
About Anand Seamless Limited
Incorporated in 2005, Anand Seamless Limited is engaged in the production of seamless tubes, pipes, and finned tubes used in industrial applications. The company operates in the iron and steel manufacturing sector. The company specializes in manufacturing carbon steel and alloy steel seamless tubes, heat exchanger tubes, U-tubes, and various types of finned tubes. These products are widely used in industries such as oil & gas, petrochemicals, power plants, and process industries. Product Portfolio: Seamless Tubes and Pipes Finned Tubes The company cater to both the domestic as well as the international markets. In the domestic market, we sell our Products to Heat Exchanger Industry, Petroleum Industries, Pharmaceutical Industries, Chemical Industries, Oil and Gas Refineries Railways, Thermal & Nuclear Power Plants, Boiler Manufacturing, Chemical Industries, Textile Machinery, and Transportation sectors, Automobile Industries, Defense Sector, Cement Industries. The company operate at their owned manufacturing unit situated at Survey No. 944, Chhatral Kadi Road, Nr. Ankhol Patiya, Indrad, Kadi, Gujarat 382715, India. As of March 31, 2026, the company employs 81 permanent employees and engages 57 contractual personnel at the Unit I facility and, 19 permanent employees and 10 contractual personnel at the Unit II facility. Competitive Strengths: Diversified Product Range International Accreditations and product approvals Extensive and Effective Quality Control Customer Diversification Experienced and Qualified Team
Objects of the Issue
- 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 (₹13.20 Cr)
- Full or part repayment and/or prepayment of certain outstanding secured and unsecured borrowings availed by the Company (₹5.73 Cr)
- General corporate purposes (₹3.70 Cr)
- Issue Expenses (₹3.13 Cr)
Promoters
- <p>Kedar Mayank Choksi
- Heta Kedar Choksi</p>
Company Information
- Book running lead managers
- Aftertrade Broking Pvt.Ltd.
- Registered office
- Plot No. 129-A, Ankhol Patiya, Chhatral-Kadi Road,, Village Indrad,, Mehsana, Gujarat, 382715
- Market maker
- Aftertrade Broking Pvt.Ltd.
Official Documents
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