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Anand Seamless IPO
📅 Founded: 2005
📍 Kadi, Gujarat
👥 167 employees
🌐 anandseamless.com
📋 Face Value: ₹10
🏦 Market Cap: ₹86 Cr
Price Band
₹72 – ₹72
Issue Size
₹25.52 Cr
Lot Size
1600 shares
Min. Investment
₹2,30,400
GMP
+₹0 (+0%)
Est. Return
+0%
Listing Date
29 Sep 2026
Registrar
MUFG Intime India
Anand Seamless IPO at a glance
Anand Seamless IPO was an SME issue of ₹25.52 Cr at a price band of ₹72 – ₹72 per share, open from 22 Sep 2026 to 24 Sep 2026. The shares listed on BSE SME on 29 Sep 2026.
IPO Signal Analysis
📊 Based on Grey Market Premium (GMP) & Subscription Data — not financial advice
GMP Signal
Moderate Interest
GMP: +0% above issue price
⭐ Overall Signal
Moderate Interest
GMP + Subscription combined
Not financial advice
Not financial advice
Subscription Signal
Moderate Interest
0.00x subscribed
Issue Details
Fresh Issue₹24 Cr
Offer for Sale (OFS)₹1.52 Cr
Total Issue Size₹25.52 Cr
Face Value₹10
Market Cap (at issue)₹86 Cr
Listing ExchangeBSE SME
📅 Open Date22 Sep 2026
🔒 Close Date24 Sep 2026
✂️ Cut-off Price Date24 Sep 2026
🎟️ Allotment Date25 Sep 2026
💸 Refund Initiation26 Sep 2026
📂 Demat Credit26 Sep 2026
📈 Listing Date29 Sep 2026
Objects of the Issue
- 💰 Capacity expansion — ₹13.20 Cr
- 💰 Repayment of borrowings — ₹5.49 Cr
- 💰 General corporate purposes — ₹3.70 Cr
About the Company
Anand Seamless, based in Kadi, Gujarat, manufactures seamless tubes, pipes and finned tubes. Its products are supplied to industries such as oil and gas, petrochemicals, power plants and process industries.
Strengths
- ✅ Makes seamless and finned tubes used in heat exchangers, refineries, power plants, railways and defence
- ✅ About two decades of operating history since 2005
- ✅ Income rose about 67% in FY26
Risk Factors
- ⚠️ Income fell in FY25 before recovering, so growth has been uneven
- ⚠️ Borrowings exceed net worth
- ⚠️ Depends on capital spending cycles in process industries
- ⚠️ Steel input prices can squeeze margins
Subscription Status
Not yet open
QIB: —
NII: —
RII: —
GMP Trend
Day-wise Subscription
| Day | QIB | NII | RII | Overall |
|---|---|---|---|---|
| Day 1 | — | — | — | 0.00x |
| Day 2 | — | — | — | 0.00x |
| Day 3 | — | — | — | 0.00x |
Share Reservation
QIB
50%
NII
15%
RII
35%
Allocation as per SEBI regulations for SME IPO
Anchor Investors
Anchor allotment details not yet available.
Promoter Holding
100%
Pre-IPO
→ -29.6%
70.39%
Post-IPO
Founders & Leadership
KC
Kedar Mayank Choksi
Promoter
Promoter of the company
HC
Heta Kedar Choksi
Promoter
Promoter of the company
IPO Timeline
✓
Open Date
22 Sep 2026
✓
Close Date
24 Sep 2026
✓
Allotment Date
25 Sep 2026
✓
Listing Date
29 Sep 2026
Key Financials
Revenue₹56.17 Cr
PAT₹5.48 Cr
EPS₹4.58
P/E Ratio15.72x
ROE16.57%
Market Cap₹86 Cr
Company Financials (Restated Consolidated)
| Period Ended | FY26 | FY25 | FY24 |
|---|---|---|---|
| Total Income | 56.17 | 33.64 | 37.00 |
| Profit After Tax | 5.48 | 2.65 | 3.36 |
| EBITDA | 10.22 | 5.90 | 6.51 |
| Net Worth | 19.52 | 14.05 | 11.40 |
| Total Borrowing | 28.21 | 21.22 | 14.21 |
Amount in ₹ Crore
Key Performance Indicators (KPI)
| KPI | FY26 | FY25 |
|---|---|---|
| ROE (%) | 28.07 | 18.86 |
| EBITDA Margin (%) | 18.19 | 17.54 |
| Debt / Equity | 1.45 | 1.51 |
| Net Worth (Rs. Cr) | 19.52 | 14.05 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS | ₹4.58 | — |
| P/E (x) | 15.72x | — |
| ROE (%) | 16.57% | — |
| Promoter Holding | 100% | 70.39% |
| Market Cap | ₹86 Cr | |
IPO Registrar
Anand Seamless IPO FAQs
Anand Seamless IPO is an SME IPO with an issue size of ₹25.52 Cr at a price band of ₹72 – ₹72. Minimum lot size is 1600 shares and the minimum application is 2 lots (minimum investment ~₹2,30,400). Opened on 22 Sep 2026 and closed on 24 Sep 2026. Listed on BSE SME. Registrar: MUFG Intime India.