Anawil Wire and Engineering IPO GMP today is Rs 90. Investors can use this GMP along with price band and subscription status for a better IPO review.
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SME IPO
ANAWIL
Anawil Wire and Engineering
Anawil Wire and Engineering Limited is a manufacturing company primarily engaged in the fabrication of windmill towers for the wind energy sector. The company specialises in producing customised towers from heavy and precision steel components to meet specific client requirements. Its core business involves manufacturing tubular steel towers, which are created by rolling and welding heavy steel plates into multiple cylindrical sections. These sections are then assembled at the project site to form the complete tower structure, which supports wind turbine generators. The company commenced its commercial operations in April 2021, initially focusing on steel fabrication of weldmesh and boiler accessories, before strategically shifting to the wind energy sector in 2023. It operates two manufacturing facilities in Koppal, Karnataka, and Kutch, Gujarat, which enable direct transportation of finished products to assembly sites and ports, thereby generating revenue through the sale of these fabricated windmill towers to its customers.
IPO Details
Complete IPO information
| Current GMP | ₹90 |
|---|---|
| Estimated Listing Gain | +33.33% |
| Price Band | ₹257.00 - ₹270.00 |
| Issue Price | ₹270.00 |
| Listing Price | TBA |
| Lot Size | 400 Shares |
| Issue Type | SME |
| Issue Size | Approx ₹177.81 Cr |
| Registrar | TBA |
| Exchange | NSE, BSE |
| Retail Quota | TBA |
| Overall Subscription | TBA |
| Listing Date | 10 Aug 2026 |
| Minimum Investment | ₹2,16,000 |
Timeline
IPO roadmap at a glance
01
Bidding Opens
03 Aug 2026
02
Bidding Closes
05 Aug 2026
03
Allotment
06 Aug 2026
04
Listing
10 Aug 2026
Grey Market Premium
Daily GMP status
| Date | GMP | Change | Gain |
|---|---|---|---|
| 03 Aug 2026 | ₹90.00 | - | 33.33% |
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 Lot | 800 | ₹2,16,000 |
| Retail Maximum | 2 Lot | 800 | ₹2,16,000 |
| S-HNI Minimum | 3 Lot | 1,200 | ₹3,24,000 |
| S-HNI Maximum | 9 Lot | 3,600 | ₹9,72,000 |
| B-HNI Minimum | 10 Lot | 4,000 | ₹10,80,000 |
Issue Notes
Important takeaways before applying
Strengths
- In-house manufacturing facility with stringent quality controls.
- Strategically located manufacturing facilities in Karnataka and Gujarat.
- Strong order book providing revenue visibility.
- Experienced promoters with a proven track record in the industry.
- Well-positioned to capture growth opportunities in the renewable energy sector.
Risks
- The majority of revenue is dependent on the single business segment of tower manufacturing.
- A significant portion of revenues is concentrated from a limited number of states.
- A substantial portion of revenues is dependent upon a few key customers.
- Business is subject to seasonal variations impacting revenues and cash flows.
- The company has a limited operating history in the current line of business.
Analysis
Anawil Wire & Engineering IPO Details
Anawil Wire & Engineering Limited is launching its Initial Public Offering (IPO) through the Book Building Issue route. The IPO comprises a combination of a Fresh Issue and an Offer for Sale (OFS). The proceeds from the fresh issue are expected to support the company's business expansion, strengthen its financial position, and meet other corporate requirements, while the Offer for Sale provides an opportunity for existing shareholders to partially monetize their holdings.
The equity shares of Anawil Wire & Engineering Limited are proposed to be listed on the NSE SME platform. Investors can subscribe to the IPO during the announced bidding period within the specified price band.
| Particular | Details |
|---|---|
| IPO Open Date | August 3, 2026 |
| IPO Close Date | August 5, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹257 to ₹270 Per Share |
| Issue Size | Approx ₹177.81 Crores |
| Fresh Issue | Approx ₹142.69 Crores |
| Offer for Sale (OFS) | Approx 13,00,800 Equity Shares |
| Issue Type | Book Building Issue |
| IPO Listing | NSE SME |
Analysis
Anawil Wire & Engineering IPO Reservation
The Anawil Wire & Engineering IPO follows the SEBI-prescribed reservation structure for a Book Building Issue. The IPO is allocated among Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and Retail Individual Investors (RIIs). The reservation ensures balanced participation from institutional as well as retail investors.
The category-wise allocation of shares is provided below. The anchor investor allocation, if any, will be announced separately before the IPO opens for subscription.
| Investor Category | Shares Offered | Reservation (%) |
|---|---|---|
| Anchor Investor | – Shares | –% |
| Qualified Institutional Buyers (QIB) (Excluding Anchor) | 31,26,400 Shares | 50% |
| Non-Institutional Investors (NII) | 9,38,400 Shares | 15% |
| Retail Individual Investors (RII) | 21,89,600 Shares | 35% |
Note: The exact allocation to Anchor Investors, if applicable, will be disclosed before the IPO opens. The final allotment across investor categories will be carried out in accordance with SEBI regulations after the issue closes.
Analysis
Anawil Wire & Engineering IPO Anchor Investors
Anawil Wire & Engineering Limited has reserved a portion of its IPO for eligible Anchor Investors before the issue opens for public subscription. Anchor investors are Qualified Institutional Buyers (QIBs) who participate in the IPO one working day prior to the public issue, helping strengthen investor confidence and improve price discovery.
The anchor bidding schedule, proposed allocation, issue size, and lock-in details are provided below. The final list of anchor investors will be released after the completion of the anchor allocation process.
| Particular | Details |
|---|---|
| Anchor Bidding Date | July 31, 2026 |
| Anchor Investors List | |
| Shares Offered | [.] Shares |
| Anchor Issue Size | [.] Crores |
| Lock-in Period End Date (50% Shares – 30 Days) | 2026 |
| Lock-in Period End Date (Remaining 50% Shares – 90 Days) | 2026 |
Note: The final anchor investor list, number of shares allotted, anchor issue size, and exact lock-in period end dates will be updated after the anchor allocation is completed. The lock-in period for anchor investors will be applicable as per SEBI regulations.
Analysis
Anawil Wire & Engineering IPO Dates
The Anawil Wire & Engineering IPO will open for subscription on August 3, 2026 and close on August 5, 2026. After the subscription period ends, the basis of allotment is expected to be finalized on August 6, 2026. Refunds to unsuccessful applicants and the credit of allotted shares to successful investors' demat accounts are scheduled for August 7, 2026.
The equity shares of Anawil Wire & Engineering Limited are proposed to be listed on the NSE SME platform on August 10, 2026. Investors should keep track of these important dates to monitor the IPO application, allotment process, and listing schedule.
| IPO Event | Date |
|---|---|
| IPO Open Date | August 3, 2026 |
| IPO Close Date | August 5, 2026 |
| Basis of Allotment | August 6, 2026 |
| Refunds | August 7, 2026 |
| Credit to Demat Account | August 7, 2026 |
| IPO Listing Date | August 10, 2026 |
Note: The IPO schedule mentioned above is tentative and may be revised by the company, the registrar, or the stock exchange. Investors should refer to the official IPO announcements for any updates to the timeline.
Analysis
Anawil Wire & Engineering IPO Promoters and Holding Pattern
The promoters of Anawil Wire & Engineering Limited have played a significant role in the company's growth and operational development. Following the IPO, the promoter group will continue to hold a substantial stake in the company, reflecting their long-term commitment to its business and future expansion.
The promoter shareholding will change after the completion of the IPO due to the fresh issue of equity shares and the Offer for Sale (OFS). The shareholding details before and after the public issue are provided below.
Promoters of Anawil Wire & Engineering Limited
- Nimish Kumar Rameshchandra Vashi
- Ayush Nimish Vashi
- Bhavin Navinchandra Desai
- Bijal Nimesh Vashi
| Particular | Shares | Holding (%) |
|---|---|---|
| Promoter Holding (Pre-Issue) | 1,97,15,000 | -% |
| Promoter Holding (Post-Issue) | 2,49,99,800 | -% |
Note: The promoter shareholding percentages have not been disclosed in the available IPO information. The post-issue shareholding will be finalized after the completion of the IPO process and allotment of equity shares.
Analysis
Anawil Wire & Engineering IPO Objects of the Issue & Utilisation of Proceeds
Anawil Wire & Engineering Limited intends to utilize the net proceeds from its Initial Public Offering (IPO) primarily to strengthen its financial position by reducing its outstanding debt. The repayment and pre-payment of borrowings are expected to lower finance costs, improve the company's balance sheet, and enhance overall financial flexibility.
The remaining proceeds, if any, will be utilized for general corporate purposes, enabling the company to support its day-to-day operations, business expansion initiatives, and other strategic requirements.
| Purpose | Amount |
|---|---|
| Repayment and/or Pre-payment, in Full or Part, of Borrowings Availed by the Company | ₹115.00 Crores |
| General Corporate Purposes | ₹- |
Note: The proposed utilization of IPO proceeds is based on the objectives disclosed in the company's Draft Red Herring Prospectus (DRHP)/Red Herring Prospectus (RHP). The actual deployment of funds may vary depending on business requirements and applicable regulatory approvals.
Analysis
Anawil Wire & Engineering About IPO
Anawil Wire and Engineering, founded in January 2021, is one of the leading manufacturers of windmill towers, turbine tubular towers, heavy fabrication, and advanced engineering components for the wind energy sector. The firm runs 2 manufacturing facilities in Koppal, Karnataka, and Kutch, Gujarat, equipped with modern fabrication, welding, testing, and quality control infrastructure, enabling the production of high-quality wind turbine towers with an annual production capacity of 612 windmill towers.
The firm has over 20 years of experience in heavy fabrication, blasting, and painting, and is India’s first manufacturer to produce 100 windmill towers. Its advanced facility and technical expertise allow it to deliver high-quality products for Renewable Energy and Heavy Engineering sectors.
Analysis
Anawil Wire & Engineering IPO Company Financial Report
Anawil Wire & Engineering Limited has delivered strong financial growth over the past three financial years, supported by a steady increase in revenue, significant improvement in profitability, and a substantial expansion of its asset base. The company's improving operational performance and efficient cost management have resulted in a sharp rise in Profit After Tax (PAT), reflecting its strengthening financial position ahead of the IPO.
The financial summary below provides an overview of the company's revenue, expenses, Profit After Tax (PAT), and total assets for the reported financial years. These figures help investors assess the historical financial performance of Anawil Wire & Engineering Limited before making an investment decision.
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | ₹54.08 Cr. | ₹48.74 Cr. | ₹4.39 Cr. | ₹89.64 Cr. |
| 2025 | ₹79.40 Cr. | ₹64.52 Cr. | ₹12.31 Cr. | ₹114.42 Cr. |
| 2026 | ₹143.63 Cr. | ₹99.12 Cr. | ₹36.63 Cr. | ₹291.62 Cr. |
Amount in ₹ Crores: The above financial information is based on the audited financial statements disclosed by Anawil Wire & Engineering Limited in its IPO documents. These figures provide a snapshot of the company's financial performance and position before the public issue.
Analysis
Anawil Wire & Engineering IPO Valuation – FY2026
The valuation metrics of Anawil Wire & Engineering Limited provide investors with valuable insights into the company's profitability, financial efficiency, and overall financial strength before the IPO. Key indicators such as Earnings Per Share (EPS), Return on Equity (ROE), Return on Capital Employed (ROCE), EBITDA Margin, Return on Net Worth (RoNW), Debt-to-Equity Ratio, and Net Asset Value (NAV) help assess the company's operational performance and valuation.
Based on the FY2026 financial performance, Anawil Wire & Engineering has reported strong profitability, healthy operating margins, and robust returns on equity. The final Price-to-Earnings (P/E) ratio will be determined after the IPO price is finalized and the company's shares are listed on the stock exchange.
| KPI | Values |
|---|---|
| ROE | 40.92% |
| ROCE | 23.05% |
| EBITDA Margin | 42.64% |
| PAT Margin | 25.57% |
| Debt to Equity Ratio | 1.43 |
| Earning Per Share (EPS) | ₹19.13 (Basic) |
| Price / Earnings (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 40.92% |
| Net Asset Value (NAV) | ₹46.75 |
Note: The above valuation metrics are based on the FY2026 financial statements of Anawil Wire & Engineering Limited. The final Price-to-Earnings (P/E) ratio will be calculated after the IPO price is finalized and the company is listed on the NSE SME platform.
Analysis
Peer Group Comparison
- There are no listed companies in India
Analysis
IPO Lead Managers aka Merchant Bankers
- Hem Securities Ltd.
FAQ
Anawil Wire and Engineering IPO FAQs
Anawil Wire and Engineering IPO price band is Rs 257.00 to Rs 270.00. Check the latest issue price, lot size and GMP together before applying.
Anawil Wire and Engineering IPO open date is 03 Aug 2026, close date is 05 Aug 2026, and listing date is 10 Aug 2026.
Anawil Wire and Engineering IPO lot size is 400 shares. The minimum retail investment is Rs 2,16,000.
Anawil Wire and Engineering is classified as a SME IPO. This helps investors quickly understand the issue category and exchange segment.
Anawil Wire and Engineering IPO subscription status currently shows Subscription data is currently awaited.
Anawil Wire and Engineering Limited is a manufacturing company primarily engaged in the fabrication of windmill towers for the wind energy sector. The company specialises in producing customised towers from heavy and precision steel components to meet specific client requirements. Its core business involves manufacturing tubular steel towers, which are created by rolling and welding heavy steel plates into multiple cylindrical sections. These sections are then assembled at the project site to form the complete tower structure, which supports wind turbine generators. The company commenced its commercial operations in April 2021, initially focusing on steel fabrication of weldmesh and boiler accessories, before strategically shifting to the wind energy sector in 2023. It operates two manufacturing facilities in Koppal, Karnataka, and Kutch, Gujarat, which enable direct transportation of finished products to assembly sites and ports, thereby generating revenue through the sale of these fabricated windmill towers to its customers.
Anawil Wire and Engineering IPO issue size is 177.81 and the expected allotment date is 06 Aug 2026.