Anand Seamless IPO: Price Band, Lot Size, Financials & Review
Anand Seamless IPO listed on BSE on Tue, 29 Sep 2026. The issue was subscribed 1.52x overall.
- Open Date
- 22 Sep 2026
- Close Date
- 24 Sep 2026
Last updated
- Issue price
- ₹72
- Lot size
- 1,600 shares
- Min. investment
- ₹2,30,400
- Issue size
- ₹25.52 Cr
- Last GMP
- 0
- Subscribed
- 🔥 1.52x
Anand Seamless IPO details
Anand Seamless IPO is a ₹25.52 Cr fixed price IPO on the SME segment, listing on BSE. It is entirely a fresh issue of shares, so all the money raised goes to the company; there is no offer for sale by existing shareholders.
The issue was open from Tue, 22 Sep 2026 to Thu, 24 Sep 2026. Allotment was finalised on Fri, 25 Sep 2026, and the shares listed on BSE on Tue, 29 Sep 2026.
The issue price is ₹72 per share and the lot size is 1600 shares, so the minimum retail application is ₹2,30,400. Retail investors can apply for up to 2 lots (3,200 shares, ₹2,30,400).
MUFG Intime India Pvt Ltd is the registrar, and Aftertrade Broking Private Limited is the book running lead manager.
Grey market premium (GMP)
Day-wise GMP →The last Anand Seamless IPO GMP before listing was 0 (0.00% against the upper price band of ₹72), implying an estimated listing price of ₹72. Across 10 days of tracking, GMP ranged from 0 (20 Sep) to 0 (20 Sep).
| Last GMP | 0 |
|---|---|
| GMP vs upper band | 0.00% |
| Estimated listing price | ₹72 |
| Highest (20 Sep) | 0 |
| Lowest (20 Sep) | 0 |
Grey market trading is unofficial and unregulated. GMP is a sentiment indicator, not a guarantee of the listing price. See the Anand Seamless IPO day-wise GMP.
Subscription
Day-wise subscription →Anand Seamless IPO was subscribed 1.52x overall: NII 2.06x and retail 0.97x.
| Category | Subscribed |
|---|---|
| NII | 2.06x |
| Retail | 0.97x |
| Total | 1.52x |
Final figures at the close of bidding on 24 Sep 2026. Category-wise bids, application-wise breakup and allotment chances are on the Anand Seamless IPO day-wise and category-wise subscription page.
Share reservation by category
| Category | Shares offered | Share of issue |
|---|---|---|
| Non-Institutional | 16,83,200 | 50.00% |
| Retail Investors | 16,83,200 | 50.00% |
| Total | 33,66,400 | 100.00% |
Anand Seamless IPO lot size
| 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 |
Amounts at the upper end of the price band.
Issue structure and valuation
It is entirely a fresh issue of shares, so all the money raised goes to the company; there is no offer for sale by existing shareholders.
At the upper price band of ₹72, the issue is priced at 11.08x pre-issue earnings and 15.72x post-issue earnings per share.
The post-issue P/E is higher because the fresh issue adds new shares, which spreads the same profit over more shares.
Listed peers with positive earnings trade at a median P/E of 25.74x (4 companies).
Promoter holding falls from 100.00% before the issue to 70.39% after it.
| EPS (pre-issue) Latest earnings per share before the issue | ₹6.5 |
|---|---|
| P/E (pre-issue) Upper price band ÷ pre-issue EPS | 11.08x |
| EPS (post-issue) EPS on the enlarged share capital | ₹4.58 |
| P/E (post-issue) Upper price band ÷ post-issue EPS | 15.72x |
| Promoter holding (pre-issue) | 100.00% |
| Promoter holding (post-issue) | 70.39% |
Anand Seamless Limited financials
Between 31 Mar 2025 and 31 Mar 2026, Income rose from ₹33.64 Cr to ₹56.17 Cr, and profit after tax rose from ₹2.65 Cr to ₹5.48 Cr. The PAT margin for 31 Mar 2026 was 9.76%.
| Period ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 67.58 | 52.40 | 35.55 |
| 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 |
| Reserve & Surplus | 11.10 | 13.94 | 11.29 |
| Total Borrowings | 28.21 | 21.22 | 14.21 |
₹ in crore, as stated in the prospectus.
Key performance indicators
| KPI | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| ROE % | 28.05 | 18.87 | 29.52 |
| ROCE % | 20.66 | 15.64 | 23.90 |
| Debt / Equity | 1.44 | 1.51 | 1.25 |
| RoNW % | 28.05 | 18.87 | 29.52 |
| Pat Margin % | 9.75 | 7.88 | 9.09 |
Peer comparison
| Company | Face value | P/E | EPS (basic) | EPS (diluted) | RoNW | NAV |
|---|---|---|---|---|---|---|
| Anand Seamless Ltd | 10 | — | 6.50 | 6.50 | 28.05% | 23.17 |
| Venus Pipes & Tubes Ltd | 10 | 31.86 | 49.51 | 49.51 | 15.25% | 322.69 |
| Gandhi Special Tubes Ltd | 5 | 15.69 | 56.26 | 56.26 | 21.64% | 260.00 |
| Ratnamani Metals & Tubes Ltd | 2 | 34.16 | 68.85 | 68.85 | 13.00% | 586.46 |
| Scoda Tubes Limited | 10 | 19.62 | 6.79 | 6.79 | 9.95% | 65.15 |
From the prospectus. P/E is shown as — when earnings are zero or negative, or not reported for the issuer before listing.
Objectives
The company intends to allocate the net proceeds from the offering to the following objectives.
| Sr | Objective |
|---|---|
| 1 | 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 |
| 2 | Full or part repayment and/or prepayment of certain outstanding secured and unsecured borrowings availed by the Company |
| 3 | General corporate purposes |
About Anand Seamless Limited
Incorporated in 2005, Anand Seamless Limited is an Indian manufacturer operating in the iron and steel sector. The company specializes in producing carbon steel and alloy steel seamless tubes, heat exchanger tubes, U-tubes, and specialized finned tubes designed for demanding industrial applications.
Product Portfolio
Seamless Tubes & Pipes: Carbon steel and alloy steel tubes, heat exchanger tubes, and U-tubes.
Finned Tubes: Extruded, L-type, G-type, and high-frequency welded finned tubes for thermal transfer systems.
Key Industries Served The company caters to both domestic and international markets, supplying critical components across a diverse range of sectors:
Energy & Power: Oil & gas refineries, petrochemicals, thermal & nuclear power plants, and boiler manufacturing.
Process Industries: Chemical, pharmaceutical, cement, and textile machinery sectors.
Heavy Industry & Transport: Defense, railways, automotive, and general transportation.
Manufacturing & Operations Anand Seamless operates out of its owned manufacturing facility located at Survey No. 944, Chhatral Kadi Road, near Ankhol Patiya, Indrad, Kadi, Gujarat 382715, India.
Workforce Overview (As of March 31, 2026)
Facility | Permanent Employees | Contractual Personnel | Total Workforce |
|---|---|---|---|
Unit I | 81 | 57 | 138 |
Unit II | 19 | 10 | 29 |
Total | 100 | 67 | 167 |
Promoters
- Kedar Mayank Choksi
- Mayank Bhikhabhai Choksi
- Heta Kedar Choksi
Contact details
Anand Seamless Ltd.
Plot No. 129-A
Ankhol Patiya, Chhatral-Kadi Road,
Village Indrad, Mahesana,
Kadi, Gujarat, 382715
Tel: +91 6357364613
E-mail: cs@anandseamless.com
Website: https://www.anandseamless.com/
Anand Seamless IPO FAQs
- What is the Anand Seamless IPO price band?
- Anand Seamless IPO is a fixed price issue at ₹72 per share.
- What is the Anand Seamless IPO lot size and minimum investment?
- The Anand Seamless IPO lot size is 1600 shares. The minimum retail investment is ₹2,30,400 for one lot at the upper price band. Retail investors can apply for up to 2 lots (3,200 shares), costing ₹2,30,400.
- When was Anand Seamless IPO open for subscription?
- Anand Seamless IPO was open for subscription from Tue, 22 Sep 2026 to Thu, 24 Sep 2026.
- What is the Anand Seamless IPO subscription status?
- Anand Seamless IPO was subscribed 1.52x overall: NII 2.06x and retail 0.97x. Day-wise and category-wise figures are on the subscription page.
- What was the Anand Seamless IPO GMP before listing?
- The last Anand Seamless IPO GMP before listing was 0 (0.00% against the upper price band of ₹72), implying an estimated listing price of ₹72. Across 10 days of tracking, GMP ranged from 0 (20 Sep) to 0 (20 Sep). GMP is an unofficial grey market indicator and can change quickly.
- What is the Anand Seamless IPO allotment date?
- The Anand Seamless IPO basis of allotment was finalised on Fri, 25 Sep 2026. You can check your allotment status on the MUFG Intime India Pvt Ltd website.
- What is the Anand Seamless IPO listing date?
- Anand Seamless IPO listed on BSE on Tue, 29 Sep 2026.
- Is the Anand Seamless IPO a fresh issue or an offer for sale?
- It is entirely a fresh issue of shares, so all the money raised goes to the company; there is no offer for sale by existing shareholders.
- Who are the registrar and lead managers of the Anand Seamless IPO?
- The registrar for the Anand Seamless IPO is MUFG Intime India Pvt Ltd, and the book running lead manager is Aftertrade Broking Private Limited.
Data is compiled from the prospectus, stock exchanges and market sources and is for information only. It is not investment advice; read the RHP before applying.