Anand Seamless IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Tue, 22 Sep 2026
Close Date
Thu, 24 Sep 2026
Issue Price
₹ 72
Lot Size
1600
Issue Size
₹ 25.52 Cr
Minimum Investment
₹ 230,400 (3200 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Anand Seamless IPO is set to open its Initial Public Offering (IPO) for subscription on September 22, 2026. According to the Red Herring Prospectus (RHP), the IPO is a fixed price issue with a total issue size of ₹25.52 Crore, comprising a fresh issue of 35.44 Lakh equity shares aggregating to ₹25.52 Crore.
The Anand Seamless IPO will open for subscription on September 22, 2026, and close on September 24, 2026. The basis of allotment is expected to be finalized on September 25, 2026, while the shares are tentatively scheduled to be listed on BSE SME Platform on September 29, 2026.
The company has fixed the price at ₹72 per share, with a lot size of 1600 shares. Retail investors will require a minimum investment of ₹230,400 (based on the upper price band) to apply for one lot.
MUFG Intime India Private Limited is the registrar to the issue. AFTERTRADE BROKING PRIVATE LIMITED1 are the Book Running Lead Managers (BRLMs) to the issue.
Before investing in the Anand Seamless IPO, investors should carefully review the company's financial performance, business model, IPO objectives, and risk factors disclosed in the offer documents. Investors should also ensure that they submit their applications before the subscription window closes on September 24, 2026.
Anand Seamless IPO Timeline (Tentative)
- IPO Open Date
- Tue, 22 Sep 26
- IPO Close Date
- Thu, 24 Sep 26
- Basis of Allotment
- Fri, 25 Sep 26
- Initiation of Refunds
- Mon, 28 Sep 26
- Credit of Shares to Demat
- Mon, 28 Sep 26
- Listing Date
- Tue, 29 Sep 26 — BSE
Open Date
22 September 2026
Close Date
24 September 2026
Basis Of Allotment
25 September 2026
Listing Date
29 September 2026
IPO Subscription
Check Live Subscription →The Anand Seamless IPO subscription Data Unavailable. Subscription data will be available once biddings start. Bidding is open from 10:00 AM to 5:00 PM on 22 September 2026
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 16,83,200 shares, representing 50% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 0 shares (%), while Non-Institutional Investors (NIIs) receive 16,83,200 shares (50%).
| Category | Shares Offered | Shares Offered |
|---|---|---|
| Non-Institutional | 1,683,200 | 50% |
| Retail Investors | 1,683,200 | 50% |
| Total | 3,366,400 | 100% |
Financials Details(₹ in Crores)
| Particular | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 67.58 | 52.4 | 35.55 |
| Revenue | 56.17 | 33.64 | 37 |
| Profit After Tax | 5.48 | 2.65 | 3.36 |
| Net Worth | 19.52 | 14.05 | 11.4 |
| Reserve & Surplus | 11.1 | 13.94 | 11.29 |
| Total Borrowings | 28.21 | 21.22 | 14.21 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Anand Seamless Limited KPI Information
| Particular | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| ROE % | 28.05 | 18.87 | 29.52 |
| ROCE % | 20.66 | 15.64 | 23.9 |
| Debt / Equity | 1.44 | 1.51 | 1.25 |
| RoNW % | 28.05 | 18.87 | 29.52 |
| Pat Margin % | 9.75 | 7.88 | 9.09 |
Peers Comparison
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Anand Seamless Ltd | 10 | 0 | 6.5 | 6.5 | 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 |
| Ratnamani Metals & Tubes Ltd | 2 | 34.16 | 68.85 | 68.85 | 13 | 586.46 |
| Scoda Tubes Limited | 10 | 19.62 | 6.79 | 6.79 | 9.95 | 65.15 |
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 |
Anand Seamless IPO Promoters
- Kedar Mayank Choksi
- Mayank Bhikhabhai Choksi
- Heta Kedar Choksi
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
70.39%
Anand Seamless IPO Objective
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects.
- 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
- Full or part repayment and/or prepayment of certain outstanding secured and unsecured borrowings availed by the Company
- General corporate purposes
Anand Seamless Limited Address / 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/
IPO Snapshot
Anand Seamless IPO Lot Size
The Anand Seamless IPO has a lot size of 1,600 shares. Retail investors require a minimum investment of ₹2,30,400 by applying for 2 lot (3,200 shares). The maximum application allowed for the retail category is 2 lots (3,200 shares), requiring an investment of ₹2,30,400.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | 230,400.00 |
| Retail (Max) | 2 | 3,200 | 230,400.00 |
| S-HNI (Min) | 3 | 4,800 | 345,600.00 |
Issue Reservation
- NII — 50%
- RII — 50%
Book Running Lead Managers
- AFTERTRADE BROKING PRIVATE LIMITED1
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Anand Seamless IPO?
Anand Seamless IPO is a Fixed price IPO with a total issue size of ₹25.52 crore. The Anand Seamless IPO price band is ₹72 to 72 per share. The Anand Seamless IPO subscription opens on Tue, Sep 22, 2026, and closes on Thu, Sep 24, 2026. The Anand Seamless IPO will be listed on the BSE. MUFG Intime India Private Limited is the registrar for the Anand Seamless IPO.
When will the Anand Seamless IPO open for subscription?
The Anand Seamless IPO opens on Tue, Sep 22, 2026 and closes on Thu, Sep 24, 2026
What is Anand Seamless IPO Price Band?
Anand Seamless IPO Price Band is ₹72 to 72 per share.
What is Anand Seamless IPO Lot Size?
Anand Seamless IPO lot size is 1600 shares, Retail investors need a minimum investment of ₹230400 based on the upper price band
What is the minimum investment for Anand Seamless IPO?
The minimum investment for Anand Seamless IPO is ₹230400, based on one lot of 1600 shares at the upper price band of ₹72 per share.
How to apply for Anand Seamless IPO?
Investors can apply for the Anand Seamless IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Thu, Sep 24, 2026. The application amount remains blocked until the Anand Seamless IPO allotment is finalized.
What is Anand Seamless IPO Issue Size?
Anand Seamless IPO issue size is ₹25.52 crores.
What is the Anand Seamless IPO Allotment Date?
Anand Seamless IPO allotment date is Fri, Sep 25, 2026.
Who is the Anand Seamless IPO Registrar?
The registrar for Anand Seamless IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check Anand Seamless IPO allotment status, refund processing, and other IPO-related information.
Who is the Anand Seamless IPO Lead Manager?
The book-running lead managers (BRLMs) for the Anand Seamless IPO are AFTERTRADE BROKING PRIVATE LIMITED1. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Anand Seamless IPO Red Herring Prospectus (RHP).