Anubhav Plast SME: Check IPO Date, Live Subscription and Key Details
Anubhav Plast Limited, incorporated in 1987, is an established industrial manufacturer specializing in Electric Resistance Welding (ERW) steel pipes, hollow square/round structural sections, and swaged steel tubular poles. Marketed under the proprietary brand name 'ANUBHAV', the company operates two integrated production units in Kanpur Dehat, Uttar Pradesh, maintaining a significant processing capacity of 90,000 MT per annum for ERW tubing and 1.5 lakh units per annum for steel poles. The enterprise functions primarily as a core infrastructure contractor for high-volume government tender-based projects across multiple Indian states, supplying utility systems across power transmission, telecom grids, municipal street lighting, and public water distribution channels.
Price Range
₹77.0 - ₹80.0
Issue Size
₹24 Cr
Lot Size
1,600 shares
IPO Type
BSE SME
GMP
-
Est. Listing Price
₹80
Estimate Profit
-
Retail Portion
35.04%
Key Metrics
Check Live GMPGMPFace Value
₹10
EPS
6.42
P/E Ratio
12.46
RoNW
29.1%
ROE
29.1%
Debt to Equity
1.67
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Timeline
IPO Opens
19 Jun
IPO Closes
23 Jun
Allotment
24 Jun
Listing
29 Jun
IPO Timeline & Listing Details
| Event | Date | Details |
|---|---|---|
| IPO Open Date | 19 June 2026 | Subscription starts |
| IPO Close Date | 23 June 2026 | Subscription ends |
| Allotment Date | 24 June 2026 | Allotment |
| Listing Date | 29 June 2026 | Listing |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Individual | 2 | ₹2,56,000 |
SHNI (Min) | 3 | ₹3,84,000 |
SHNI (Max) | 7 | ₹8,96,000 |
BHNIAbove ₹10,00,000 | 8 | ₹10,24,000 |
IPO Reservation Details
| Category | Reservation |
|---|---|
| QIB (Qualified Institutional Buyer) | 49.80% |
| NII (Non-Institutional Investor) | 15.16% |
| SHNI (Small Non-Institutional Investor) | 4.80% |
| BHNI (Big Non-Institutional Investor) | 9.60% |
| Retail | 35.04% |
| Market Maker | 5.01% |
| Total | 100.00% |
IPO Objectives
- Funding ongoing long-term working capital requirements to manage expanding infrastructure tender volumes (₹13.75 Cr).
- Capital expenditure towards establishing a new, automated manufacturing block to produce crash barriers and solar panel structures within its existing facility footprint (₹2.20 Cr).
- General Corporate Purposes.
Strengths
- The company possesses a Vast Operational Legacy, with over three decades of reliable industrial execution history in the heavy structural fabrication sector since its establishment in 1987.
- It benefits from a Scaled Manufacturing Moat, maintaining high processing muscle across dual owned units in Kanpur Dehat that deliver an aggregate 90,000 MT of industrial tube output per annum.
- The business commands Strong Capital Efficiencies, demonstrating impressive internal returns with an active restated financial RoCE of 42.65% and an ROE of 29.10% in late 2025.
- It focuses on Downstream Synergy Extensions, strategically allocating public fund segments directly into upcoming structural high-growth niches like solar grid tracker frameworks and crash barriers.
Weaknesses
- The issue faces a Highly Restrained Market Appetite, tracking relatively quiet localized gray market attention with a current unlisted premium quote sticking flat at ₹0.
- The firm carries an Aggressive Debt Sizing, managing a highly leveraged balance sheet with total outstanding borrowings climbing to ₹34.81 Crores, leading to an elevated debt-to-equity matrix layout of 1.67.
- It handles significant Sovereign Clearance Friction, as core business dependencies relate almost exclusively to state infrastructure boards, leaving its receivables heavily exposed to lengthy administrative processing lag times.
- The company shows Historical Top-line Stagnation, with annual consolidated revenues reflecting distinct flat patterns over the FY23–FY24 window before recent tender deployments took place.
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Financial Performance
| Period Ended | 31 Dec 2025 (9M) | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets (₹ Cr.) | 66.69 | 55.5 | 41.69 | 37.91 |
| Revenue (₹ Cr.) | 80.6 | 98.31 | 87.41 | 87.21 |
| PAT (₹ Cr.) | 5.3 | 6 | 2.08 | 0.74 |
| Net Worth (₹ Cr.) | 20.85 | 15.55 | 9.55 | 7.47 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Anubhav Plast | 0 | 12.46 | 47.78% | 20.85 |
| P S Raj Steels | 4.36 | 37.35 | 11.68% | 65.33 |
| Newmalayalam Steel | 0.49 | 5.87 | 8.29% | 78.19 |
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 1.01x | 1.23x | 1.23x |
| NII | 1.53x | 1.71x | 2.49x |
| S-HNI | 1.23x | 2.11x | 2.78x |
| B-HNI | 1.68x | 1.51x | 2.34x |
| RII | 1.2x | 1.61x | 2.6x |
| Total | 1.21x | 1.52x | 2.18x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 5,71,200 | 7,02,400 | 5.62 |
| NII | 4,32,000 | 10,75,200 | 8.6 |
| Small NII | 1,44,000 | 4,00,000 | 3.2 |
| Big NII | 2,88,000 | 6,75,200 | 5.4 |
| RII | 9,98,400 | 25,92,000 | 20.74 |
| Total | 20,01,600 | 43,69,600 | 34.96 |
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Company Details
- Anubhav Plast Ltd.
- 7/41 A, Basement, Basant Tower, Tilak Nagar, Swarup Nagar, Kanpur, Uttar Pradesh, 208002
- +91 7526065186
- cs@anubhavpole.com
- https://www.anubhavpole.com/
Registrar Details
- Bigshare Services Pvt.Ltd.
- +91-22-6263 8200
- ipo@bigshareonline.com
- https://www.bigshareonline.com/
Frequently Asked Questions
What does Anubhav Plast do?
Anubhav Plast manufactures steel products such as ERW steel pipes, hollow structural sections, and steel transmission poles used in infrastructure, construction, and industrial applications.
What are the IPO dates for Anubhav Plast SME IPO?
The Anubhav Plast SME IPO opened for subscription on June 19, 2026, and will close on June 23, 2026.
What is the price band and minimum investment for Anubhav Plast IPO?
The IPO price band is fixed at ₹77 to ₹80 per share. Retail investors need to apply for a minimum of 2 lots (3,200 shares), requiring an investment of ₹2,56,000 at the upper price band.
What is the Grey Market Premium (GMP) of Anubhav Plast IPO today?
As of June 21, 2026, the Grey Market Premium (GMP) of Anubhav Plast IPO is ₹0, indicating an expected listing price near ₹80 per share.
Where will Anubhav Plast IPO be listed?
Anubhav Plast IPO is proposed to be listed on BSE SME, with the tentative listing date set for June 29, 2026.
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