Anand Seamless IPO GMP today is Rs 0. Investors can use this GMP along with price band and subscription status for a better IPO review.
Upcoming
SME IPO
ANAND
Anand Seamless IPO GMP & Subscription Status Today
Anand Seamless is a manufacturer of seamless carbon steel and alloy steel tubes, alongside various types of finned heat exchanger tubes. The company operates a fully integrated manufacturing facility located in Kadi, Gujarat. Its core product portfolio encompasses extruded, low-fin, embedded, welded, crimped, and studded fin tubes, which have diverse applications across multiple process industries. The business primarily caters to heat exchanger fabricators, original equipment manufacturers, and process industry equipment manufacturers requiring specialized tubes as key inputs to meet growing industrial demand. The company generates its revenue through the direct sale of these manufactured tubes and pipes, serving a broad customer base. While the majority of its revenue is derived from the domestic market across various states in India, the business also exports its products to several international markets, including the United States, United Arab Emirates, and Germany.
- Price Band
- ₹72.00 - ₹72.00
- Lot Size
- 1,578 Shares
- Bidding Closes
- 24 Sept 2026
- Listing Date
- 29 Sept 2026
Current GMP Status
₹0
+0% vs upper band
Est. Listing Gain
+0.00%
Last Trend
18 Sept 2026
Listing Price
Est. ₹72
Retail Entry
₹2,27,232
IPO Details
Complete IPO information
| Current GMP | ₹0 |
|---|---|
| Estimated Listing Gain | +0.00% |
| Price Band | ₹72.00 - ₹72.00 |
| Issue Price | Approx ₹25.52 Crores |
| Listing Price | Est. ₹72 |
| Lot Size | 1,578 Shares |
| Issue Type | SME |
| Registrar | MUFG Intime India Pvt. Ltd. |
| Exchange | BSE SME |
| Retail Quota | TBA |
| Overall Subscription | TBA |
| Listing Date | 29 Sept 2026 |
| Minimum Investment | ₹2,27,232 |
Analysis
IPO Snapshot & Investor Takeaways
At the upper end of its price band, Anand Seamless is priced at ₹72 per share. With a minimum lot size of 1,578 shares, a retail investor applying for one lot would need approximately ₹2,27,232 to participate in this SME issue.
The latest recorded Grey Market Premium for Anand Seamless stands at ₹0, implying an estimated listing gain of around 0.00% over the issue price if it holds until listing. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
Among the strengths highlighted in Anand Seamless's IPO documents: Diversified seamless and finned tube portfolio for various industries.; Integrated and strategically located manufacturing facility in Gujarat..
Investors should also weigh the risk factors Anand Seamless has disclosed, including: High revenue concentration from top customers (59.21% in FY26)..
SME IPOs list on the dedicated SME platform of BSE/NSE. They usually involve smaller issue sizes and a higher per-lot investment than Mainboard issues, with comparatively lower institutional participation.
Timeline
IPO roadmap at a glance
01
Bidding Opens Next
22 Sept 2026
02
Bidding Closes
24 Sept 2026
03
Allotment
25 Sept 2026
04
Listing
29 Sept 2026
Grey Market Premium
Daily GMP status
Trend chart builds up as more daily GMP snapshots are recorded.
| Date | GMP | Change | Gain |
|---|---|---|---|
| 18 Sept 2026 | ₹0.00 | - | 0.00% |
Swipe to see more →
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 Lot | 3,156 | ₹2,27,232 |
| Retail Maximum | 2 Lot | 3,156 | ₹2,27,232 |
| S-HNI Minimum | 3 Lot | 4,734 | ₹3,40,848 |
| S-HNI Maximum | 8 Lot | 12,624 | ₹9,08,928 |
| B-HNI Minimum | 9 Lot | 14,202 | ₹10,22,544 |
Swipe to see more →
Fund Utilization
Objects of the Issue & Official Documents
Issue Notes
Important takeaways before applying
Strengths
- Diversified seamless and finned tube portfolio for various industries.
- Integrated and strategically located manufacturing facility in Gujarat.
- Strong, long-term customer relationships ensuring consistent recurring business.
- Internationally accredited quality assurance driving high product reliability.
- Highly experienced management team leading the steel tube operations.
Risks
- High revenue concentration from top customers (59.21% in FY26).
- High dependence on a limited number of raw material suppliers.
- Risk of machinery order delays causing severe project cost overruns.
- Vulnerable to under-utilized existing and newly expanded manufacturing capacity.
- Risk of default on existing secured and unsecured borrowing covenants.
Analysis
Anand Seamless IPO Details
The Anand Seamless IPO is a fixed price issue proposed to be listed on the BSE SME platform. The issue comprises a fresh issue of approximately ₹25.52 Crores, with the IPO scheduled to open on September 22, 2026 and close on September 24, 2026.
| Particular | Details |
|---|---|
| IPO Open Date | September 22, 2026 |
| IPO Close Date | September 24, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹72 Per Share |
| Issue Size | Approx ₹25.52 Crores |
| Fresh Issue | Approx ₹25.52 Crores |
| Issue Type | Fixed Price Issue |
| IPO Listing | BSE SME |
| DRHP Draft Prospectus |
Note: The Anand Seamless IPO details are based on the supplied information and may be updated with the final offer documents.
Analysis
Anand Seamless IPO Reservation
The Anand Seamless IPO reservation is divided equally between non-institutional investors and retail investors. Each category has been allocated 50% of the offered shares as per the supplied IPO reservation details.
| Investor Category | Share Offered | -% Shares |
|---|---|---|
| NII Shares Offered | 16,83,200 Shares | 50% |
| Retail Shares Offered | 16,83,200 Shares | 50% |
Note: The reservation figures are presented as provided for the Anand Seamless IPO.
Analysis
Anand Seamless IPO Dates
The Anand Seamless IPO is scheduled to open on September 22, 2026 and close on September 24, 2026. The basis of allotment is scheduled for September 25, followed by refunds and credit of shares to Demat accounts on September 28. The IPO is scheduled to list on September 29, 2026.
| Particular | Details |
|---|---|
| IPO Open Date | September 22, 2026 |
| IPO Close Date | September 24, 2026 |
| Basis of Allotment | September 25, 2026 |
| Refunds | September 28, 2026 |
| Credit to Demat Account | September 28, 2026 |
| IPO Listing Date | September 29, 2026 |
Note: IPO dates are based on the supplied Anand Seamless IPO schedule and may be subject to changes announced by the company or stock exchange.
Analysis
Anand Seamless IPO Promoters and Holding Pattern
Anand Seamless is promoted by Kedar Mayank Choksi, Mayank Bhikhabhai Choksi and Heta Kedar Choksi. The holding pattern below shows the shareholding of the promoter and promoter group before the IPO and the expected ownership structure after the issue.
| Particular | Pre IPO Shares | Pre IPO % Shares | Post IPO Shares | Post IPO % Shares |
|---|---|---|---|---|
| Promoter and Promoter Group | 84,25,458 | 100% | 8,425,458 | 70.39% |
| Others* | – | -% | 3,544,000 | 29.61% |
| Total | 84,25,458 | 100% | 11,969,458 | 100% |
Note: The holding pattern is based on the shareholding details provided for the Anand Seamless IPO.
Analysis
Anand Seamless IPO Objects of the Issue & Utilisation of Proceeds
The proceeds raised through the Anand Seamless IPO are proposed to be used across manufacturing capacity expansion, technology upgrades, debt repayment and general corporate requirements. A portion of the funds is also allocated towards the expenses associated with the issue.
| Purpose | Crores |
|---|---|
| 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 | ₹13.20 |
| Full or part repayment and/or prepayment of certain outstanding secured and unsecured borrowings availed by the Company | ₹5.73 |
| General Corporate Purpose | ₹3.70 |
| Issue Expenses | ₹3.13 |
Note: The utilisation amounts are based on the purpose-wise details provided for the Anand Seamless IPO.
Analysis
Anand Seamless About IPO
Since its foundation in 2005, Anand Seamless has been involved in the manufacturing of seamless tubes, pipes, and finned tubes. Its product portfolio consists of carbon steel and alloy steel seamless tubes, heat exchanger tubes, U-tubes, and various types of finned tubes used in various industries such as oil & gas, petrochemicals, power plants, and process industries. Its products cater to both domestic and international markets.
In India, Anand Seamless sells its products to the heat exchanger industry, Petroleum Industries, Pharmaceutical Industries, Chemical Industries, Oil and gas refineries, railways, boiler Manufacturing, chemical Industries, Textile Machinery, and Transportation sectors, Automobile Industries, Defense Sector, and Cement Industries. Moreover, its manufacturing facility is located at Survey No. 944, Chhatral Kadi Road, Nr. Ankhol Patiya, Indrad, Kadi, Gujarat 382715, India.
Analysis
Anand Seamless IPO Company Financial Report
Anand Seamless reported revenue of ₹37.00 crores in 2024, followed by ₹33.64 crores in 2025 and ₹56.17 crores in 2026. Profit after tax stood at ₹3.36 crores, ₹2.65 crores and ₹5.48 crores respectively during these periods, while total assets also increased over the reported period.
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | ₹37.00 | ₹32.45 | ₹3.36 | ₹35.55 |
| 2025 | ₹33.64 | ₹30.06 | ₹2.65 | ₹52.40 |
| 2026 | ₹56.17 | ₹48.73 | ₹5.48 | ₹67.58 |
Note: Financial figures are in ₹ Crores and are based on the financial information provided for Anand Seamless.
Analysis
Anand Seamless IPO Valuation – FY2026
Anand Seamless IPO valuation details for FY2026 include key profitability, return and capital structure indicators. The following figures cover ROE, ROCE, EBITDA margin, PAT margin, debt-to-equity, EPS, P/E ratio, RoNW and NAV.
| KPI | Values |
|---|---|
| ROE | 28.05% |
| ROCE | 20.66% |
| EBITDA Margin | 18.25% |
| PAT Margin | 9.75% |
| Debt to equity ratio | 1.44 |
| Earning Per Share (EPS) | ₹6.50 (Basic) |
| Price/Earning P/E Ratio | NA |
| Return on Net Worth (RoNW) | 28.05% |
| Net Asset Value (NAV) | ₹23.17 |
Note: Valuation figures are based on the FY2026 data provided for the Anand Seamless IPO.
Analysis
Anand Seamless IPO Peer Group Comparison
The Anand Seamless IPO peer group comparison provides a reference against selected companies from the pipes and tubes industry. The table covers earnings per share, price-to-earnings ratio, return on net worth, net asset value and income for the listed peer companies.
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Venus Pipes & Tubes Limited | 49.51 | 31.86 | 15.25 | 322.69 | 1178.48 Cr. |
| Gandhi Special Tubes Limited | 56.26 | 15.69 | 21.64 | 260.00 | 203.61 Cr. |
| Ratnamani Metals & Tubes Limited | 68.85 | 34.16 | 13.00 | 586.46 | 4615.91 Cr. |
| Scoda Tubes Limited | 6.79 | 19.62 | 9.95 | 65.15 | 529.22 Cr. |
Note: Peer group figures are based on the comparison data provided for the Anand Seamless IPO.
Analysis
Anand Seamless IPO Lead Managers aka Merchant Bankers
- Aftertrade Broking Pvt.Ltd.
FAQ
Anand Seamless IPO FAQs
Anand Seamless IPO price band is Rs 72.00 to Rs 72.00. Check the latest issue price, lot size and GMP together before applying.
Anand Seamless IPO open date is 22 Sept 2026, close date is 24 Sept 2026, and listing date is 29 Sept 2026.
Anand Seamless IPO lot size is 1,578 shares. The minimum retail investment is Rs 2,27,232.
Anand Seamless is classified as a SME IPO. This helps investors quickly understand the issue category and exchange segment.
Anand Seamless IPO subscription status currently shows Subscription data is currently awaited.
Anand Seamless is a manufacturer of seamless carbon steel and alloy steel tubes, alongside various types of finned heat exchanger tubes. The company operates a fully integrated manufacturing facility located in Kadi, Gujarat. Its core product portfolio encompasses extruded, low-fin, embedded, welded, crimped, and studded fin tubes, which have diverse applications across multiple process industries. The business primarily caters to heat exchanger fabricators, original equipment manufacturers, and process industry equipment manufacturers requiring specialized tubes as key inputs to meet growing industrial demand. The company generates its revenue through the direct sale of these manufactured tubes and pipes, serving a broad customer base. While the majority of its revenue is derived from the domestic market across various states in India, the business also exports its products to several international markets, including the United States, United Arab Emirates, and Germany.
Anand Seamless IPO issue size is 25.52 and the expected allotment date is 25 Sept 2026.
Community discussion
Comments
Share a useful question or insight about Anand Seamless.
Leave a comment
Your email address will not be published. All comments and replies are reviewed before appearing.
Loading comments...