Anand Seamless

Anand Seamless SME IPO

Listed

BSE SMEOpens 22 September 2026Closes 24 September 2026

Incorporated in 2005, Anand Seamless Limited is an Indian manufacturer of carbon steel and alloy steel seamless tubes, heat exchanger tubes, U-tubes, and specialized finned tubes (including Extruded, Laser Welded,…

Show more
Live GMPSubscriptionAllotment
Price band
₹72
Issue size
₹25.52 Cr
Lot size
1,600 shares
Type
BSE SME
GMP
₹0 (0.0%)
Est. listing
₹72
Est. profit / app
—
Retail quota
50.00%

Key ratios

As per RHP / filings
Face value
₹10
EPS
4.58
P/E ratio
15.72
RoNW
28.05%
ROE
28.05%
Debt / Equity
1.44
Advertisement

Timeline

  1. IPO Opens

    22 Sept 2026

  2. IPO Closes

    24 Sept 2026

  3. Allotment

    25 Sept 2026

  4. Listing

    29 Sept 2026

IPO Timeline & Listing Details

EventDate
IPO Open Date22 September 2026
IPO Close Date24 September 2026
Allotment Date25 September 2026
Listing Date29 September 2026

Investment Categories

CategoryLotsAmount
Individual
2₹2,30,400
SHNI (Min)
3₹3,45,600
SHNI (Max)
8₹9,21,600
BHNIAbove ₹10,00,000
9₹10,36,800

IPO Reservation Details

CategoryReservation
QIB (Qualified Institutional Buyer)0.00%
NII (Non-Institutional Investor)50.00%
SHNI (Small Non-Institutional Investor)0.00%
BHNI (Big Non-Institutional Investor)0.00%
Retail50.00%
Total100.00%

IPO Objectives

  • Financing the cost towards capacity expansion, technological upgradation, cost optimization of our operations and support to the manufacturing facility at Survey No. 944, Ankhol Patiya, Chhatral-Kadi Road, Village Indrad, Mahesana, Kadi, Gujarat (₹13.20 Cr).
  • Full or part repayment and/or prepayment of certain outstanding secured and unsecured borrowings availed by our Company (₹5.49 Cr).
  • General Corporate Purposes (₹3.70 Cr).

Strengths

  • Specialized product portfolio covering cold-drawn seamless carbon & alloy steel tubes, heat exchanger U-tubes, and diverse finned tube configurations.
  • Accreditations and quality certifications from statutory and technical bodies such as Indian Boiler Regulations (IBR), ISO, and Engineers India Limited (EIL).
  • Strong top-line and bottom-line growth in FY26, with revenue expanding by 67% and restated PAT growing by 107% year-on-year.
  • Consolidated single-location manufacturing infrastructure at Chhatral, Gujarat, with planned brownfield capacity additions from IPO proceeds.

Weaknesses

  • High customer concentration risk, with top 10 customers accounting for 59.21% of revenue from operations in FY26 (61.62% in FY25).
  • Geographic concentration in revenue, with Gujarat contributing 54.49% and Maharashtra 17.74% of total sales in FY26.
  • Supplier concentration and volatility in raw material prices (steel round billets/mother pipes), with top 10 suppliers accounting for 85.36% of raw material purchases without long-term supply agreements.
  • Negative cash flows from operating activities in FY26 (-₹5.57 Crore) and FY25 (-₹3.31 Crore) driven by substantial working capital lock-in in inventories and receivables.
Advertisement

Financial Performance

Period Ended31 Mar 202631 Mar 202531 Mar 2024
Assets (₹ Cr.)67.5852.435.55
Revenue (₹ Cr.)56.1733.6437
PAT (₹ Cr.)5.482.653.36
Net Worth (₹ Cr.)19.5214.0511.4

Peer Comparison

CompanyP/B RatioP/E RatioRONW (%)Net Worth (₹ Cr.)
Anand Seamless3.1115.7228.05%19.52

Subscription Details

Daily Bids Status

CategoryDay 1Day 2Day 3
NII1.13x1.12x1.96x
RII0.05x0.36x0.98x
Total0.59x0.74x1.47x

Overall Subscription Statistics

CategoryShares OfferedShares BidBid Amount (₹ Cr)
NII16,83,20032,96,00023.73
RII16,83,20016,41,60011.82
Total33,66,40049,37,60035.55
Advertisement

Company Details

  • Anand Seamless Limited
  • Plot No. 129-A, Ankhol Patiya, Chhatral-Kadi Road, Village Indrad, Mahesana, Kadi, Gujarat – 382715, India
  • +91 63573 64613
  • cs@anandseamless.com
  • https://www.anandseamless.com

Registrar Details

Frequently Asked Questions

What is the core business of Anand Seamless Limited?
Anand Seamless Limited manufactures seamless carbon steel and alloy steel tubes, heat exchanger U-tubes, and various configurations of finned tubes used in high-temperature and high-pressure industrial applications like oil & gas, refineries, and power generation.
What are the subscription dates for the Anand Seamless SME IPO?
The IPO opened for subscription on Tuesday, September 22, 2026, and closed on Thursday, September 24, 2026.
What is the issue price and minimum application lot size for the IPO?
The issue is a 100% fixed price issue priced at ₹72.00 per share. Individual applicants must apply for a minimum of 2 lots (3,200 shares), requiring a minimum application amount of ₹2,30,400.
What is the total issue size and structure of the Anand Seamless IPO?
The total issue size is ₹25.52 Crore (2,551.68 Lakhs), comprising a 100% Fresh Issue of 35,44,000 equity shares of face value ₹10 each, with 1,77,600 shares reserved for the Market Maker and no Offer for Sale (OFS).
When and where are the shares scheduled to list?
The equity shares are scheduled to list on the BSE SME platform on Tuesday, September 29, 2026.

Anand Seamless SME IPO News & Updates

Follow the latest updates for Anand Seamless SME IPO, including grey market moves and allotment news.

Anand Seamless SME IPO IPO Pages

Open related pages for this IPO: details, GMP, subscription, allotment, review, FAQ, registrar, timeline, and news.

Anand Seamless SME IPO Details

Issue size, price, financials, and company info

Anand Seamless SME IPO GMP

Live grey market premium and listing estimate

Anand Seamless SME IPO Subscription

QIB, NII, Retail, SHNI and BHNI subscription

Anand Seamless SME IPO Allotment

Allotment date, chances, and check by PAN

Anand Seamless SME IPO Review

SWOT, strengths, risks, and IPO review

Anand Seamless SME IPO FAQ

Common questions on dates, GMP, and allotment

Anand Seamless SME IPO Registrar

Registrar website and how to check allotment

Anand Seamless SME IPO Timeline

Open, close, allotment, and listing dates

Anand Seamless SME IPO News

Updates, blogs, and latest IPO news

Sources

We match Anand Seamless SME IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.

  • SEBIRules for IPO allotment and disclosures in India
  • NSEExchange notices, bidding data, and listing updates
  • BSEExchange notices and IPO allotment check tools
  • RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
  • MUFG Intime India Private LimitedOfficial site to check allotment status for this IPO

Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.

Reviewed by

Dinesh Agrawal · Lead IPO Analyst

15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.

Loading comments...