SME
    listed

    Anand Seamless IPO

    Updated 31 Oct 2026, 1:45 pm.

    Open Demat Account
    GMP disclaimer: GMP is unofficial and unregulated. It is not a recommendation or a reliable estimate of listing price or returns. Consider the RHP and your own risk assessment before applying.

    Minimum investment (Individual investors (IND))

    ₹2,30,400

    2 lots · 3,200 shares at the upper price band

    Price band

    ₹72

    Latest GMP

    ₹0

    0.0% of the ₹72 upper band

    Est. listing price

    ₹72

    Issue size

    ₹24.24 Cr

    Allotment status

    Check it on the registrar's page or either exchange with your PAN or application number.

    1. Allotment finalised25 Sept 2026(done)
    2. Refunds start28 Sept 2026(done)
    3. Shares credited to demat28 Sept 2026(done)
    4. Listing29 Sept 2026(done)
    Check on MUFG Intime India Pvt.Ltd.Check on BSECheck on NSE

    GMP history

    Each point is a recorded observation from the scheduled data sync.

    ObservedGMPEst. listing price
    29 Sept 2026, 1:50 pm₹0₹72
    29 Sept 2026, 1:45 pm₹0₹72
    29 Sept 2026, 8:50 am₹0₹72
    29 Sept 2026, 8:45 am₹0₹72
    28 Sept 2026, 6:50 pm₹0₹72
    28 Sept 2026, 6:45 pm₹0₹72
    28 Sept 2026, 1:50 pm₹0₹72
    28 Sept 2026, 1:45 pm₹0₹72
    28 Sept 2026, 8:50 am₹0₹72
    28 Sept 2026, 8:45 am₹0₹72
    26 Sept 2026, 6:50 pm₹0₹72
    26 Sept 2026, 6:45 pm₹0₹72
    26 Sept 2026, 1:50 pm₹0₹72
    26 Sept 2026, 1:45 pm₹0₹72
    26 Sept 2026, 8:50 am₹0₹72
    26 Sept 2026, 8:45 am₹0₹72
    25 Sept 2026, 6:50 pm₹0₹72
    25 Sept 2026, 6:45 pm₹0₹72
    25 Sept 2026, 1:45 pm₹0₹72
    25 Sept 2026, 8:50 am₹0₹72
    25 Sept 2026, 8:45 am₹0₹72
    24 Sept 2026, 6:50 pm₹0₹72
    24 Sept 2026, 6:45 pm₹0₹72
    24 Sept 2026, 1:50 pm₹0₹72
    24 Sept 2026, 1:45 pm₹0₹72
    24 Sept 2026, 8:50 am₹0₹72
    24 Sept 2026, 8:45 am₹0₹72
    23 Sept 2026, 6:50 pm₹0₹72
    23 Sept 2026, 6:45 pm₹0₹72
    23 Sept 2026, 1:50 pm₹0₹72
    23 Sept 2026, 1:45 pm₹0₹72
    23 Sept 2026, 8:50 am₹0₹72
    23 Sept 2026, 8:45 am₹0₹72
    22 Sept 2026, 6:50 pm₹0₹72
    22 Sept 2026, 6:45 pm₹0₹72
    22 Sept 2026, 1:50 pm₹0₹72
    22 Sept 2026, 1:45 pm₹0₹72
    22 Sept 2026, 8:50 am₹0₹72
    22 Sept 2026, 8:45 am₹0₹72
    21 Sept 2026, 6:50 pm₹0₹72
    21 Sept 2026, 6:45 pm₹0₹72
    21 Sept 2026, 1:50 pm₹0₹72
    21 Sept 2026, 1:46 pm₹0₹72
    21 Sept 2026, 11:23 am₹0₹72
    21 Sept 2026, 8:45 am₹0₹72
    19 Sept 2026, 6:45 pm₹0₹72
    19 Sept 2026, 1:45 pm₹0₹72
    19 Sept 2026, 8:45 am₹0₹72
    18 Sept 2026, 6:45 pm₹0₹72
    18 Sept 2026, 1:45 pm₹0₹72
    18 Sept 2026, 8:45 am₹0₹72
    17 Sept 2026, 6:45 pm₹0₹72

    GMP is an unofficial, unregulated grey-market estimate — not a prediction of listing performance.

    Issue details

    Board
    SME
    Price band
    ₹72
    Issue size
    ₹24.24 Cr
    Lot size
    1,600
    Opens
    22 Sept 2026
    Closes
    24 Sept 2026
    Allotment
    25 Sept 2026
    Listing
    29 Sept 2026
    Est. listing price
    ₹72
    Listing price
    Awaited
    Listing gain
    Awaited
    Registrar
    MUFG Intime India Pvt.Ltd.
    Minimum investment
    ₹2,30,400 (2 lots · 3,200 shares)
    Face value
    ₹10 per share
    Issue type
    Fixed Price IPO
    Sale type
    Fresh capital only
    Listing at
    BSE SME
    Refunds
    28 Sept 2026
    Shares credited
    28 Sept 2026
    Promoter holding
    100% before · 70.39% after
    Lead managers
    Aftertrade Broking Pvt.Ltd.

    Offer documents & links

    Draft Red Herring Prospectus (DRHP)Check allotment statusCompany website

    Subscription by category

    As of 24 Sept 2026, 6:53 pm.

    Total subscription

    1.47x

    Non Institutional1.96×
    Retail Individual0.98×

    Full issue details

    Details as published for this issue, read 28 Sept 2026, 2:05 pm. Verify against the RHP before applying.

    IPO Details

    IPO Date22 to 24 Sep, 2026
    Listing DateTue, Sep 29, 2026 (tentative)
    Face Value₹ 10 per share
    Issue Price₹72 per share
    Lot Size1,600 Shares
    Sale TypeFresh capital only
    Issue TypeFixed Price IPO
    Listing AtBSE SME
    Total Issue Size35,44,000 shares (agg. up to ₹ 26 Cr)
    Reserved for Market Maker1,77,600 shares (agg. up to ₹ 1 Cr) Aftertrade Broking Pvt.Ltd.
    Fresh Issue (Ex Market Maker)33,66,400 shares (agg. up to ₹ 24 Cr)
    Net Offered to Public33,66,400 shares (agg. up to ₹ 24 Cr)
    Share Holding Pre Issue84,25,458 shares
    Share Holding Post Issue1,19,69,458 shares

    IPO Timetable (Tentative)

    IPO Open
    Tue, Sep 22, 2026
    IPO Close
    Thu, Sep 24, 2026
    Allotment
    Fri, Sep 25, 2026
    Refund
    Mon, Sep 28, 2026
    Credit of Shares
    Mon, Sep 28, 2026
    Listing
    Tue, Sep 29, 2026

    Issue Reservation

    • NII (HNI)47.49%
    • Retail47.49%
    • Market Maker5.01%
    Issue Reservation: Share of the issue reserved for each investor category. Figures as published in the table below.
    Investor CategoryShares% of Net Issue% of Total Issue
    NII (HNI)16,83,20050.00%47.49%
    Retail16,83,20050.00%47.49%
    Firm Reservations
    Market Maker1,77,600—5.01%
    Total35,44,000100.00%100.00%

    Anand Seamless IPO comprises a total issue size of 35,44,000 shares. The net offer to the public is 33,66,400 shares, after excluding 1,77,600 shares allotted on a firm basis. Of the Net offer 16,83,200 (50.00%) allocated to NII 16,83,200 (50.00%) allocated to RII .

    IPO Lot Size

    Individual investors (IND) (Min)₹2,30,400
    Individual investors (IND) (Max)₹2,30,400
    HNI (Min)₹3,45,600
    IPO Lot Size: What an application costs at the upper price band, by category. Figures as published in the table below.
    ApplicationLotsSharesAmount
    Individual investors (IND) (Min)23,200₹2,30,400
    Individual investors (IND) (Max)23,200₹2,30,400
    HNI (Min)34,800₹3,45,600

    Investors can bid for a minimum of 3,200 shares and in multiples of 1,600 shares thereof.

    About Anand Seamless Ltd.

    Incorporated in 2005, Anand Seamless Limited is engaged in the production of seamless tubes, pipes, and finned tubes used in industrial applications. The company operates in the iron and steel manufacturing sector. The company specializes in manufacturing carbon steel and alloy steel seamless tubes, heat exchanger tubes, U-tubes, and various types of finned tubes. These products are widely used in industries such as oil & gas, petrochemicals, power plants, and process industries.

    Product Portfolio:

    Seamless Tubes and Pipes

    Finned Tubes

    The company cater to both the domestic as well as the international markets. In the domestic market, we sell our Products to Heat Exchanger Industry, Petroleum Industries, Pharmaceutical Industries, Chemical Industries, Oil and Gas Refineries Railways, Thermal & Nuclear Power Plants, Boiler Manufacturing, Chemical Industries, Textile Machinery, and Transportation sectors, Automobile Industries, Defense Sector, Cement Industries.

    The company operate at their owned manufacturing unit situated at Survey No. 944, Chhatral Kadi Road, Nr. Ankhol Patiya, Indrad, Kadi, Gujarat 382715, India.

    As of March 31, 2026, the company employs 81 permanent employees and engages 57 contractual personnel at the Unit I facility and, 19 permanent employees and 10 contractual personnel at the Unit II facility.

    Competitive Strengths:

    Diversified Product Range

    International Accreditations and product approvals

    Extensive and Effective Quality Control

    Customer Diversification

    Experienced and Qualified Team

    Company Financials (Restated Consolidated)

    Total Income

    31 Mar 202437.00
    31 Mar 202533.64
    31 Mar 202656.17

    Profit After Tax

    31 Mar 20243.36
    31 Mar 20252.65
    31 Mar 20265.48

    EBITDA

    31 Mar 20246.51
    31 Mar 20255.90
    31 Mar 202610.22

    NET Worth

    31 Mar 202411.40
    31 Mar 202514.05
    31 Mar 202619.52
    Company Financials (Restated Consolidated): Each line is scaled to its own largest period, ₹ crore - compare periods within a line, not one line against another. Figures as published in the table below.
    Period Ended31 Mar 202631 Mar 202531 Mar 2024
    Assets67.5852.4035.55
    Total Income56.1733.6437.00
    Profit After Tax5.482.653.36
    EBITDA10.225.906.51
    NET Worth19.5214.0511.40
    Reserves and Surplus11.1013.9411.29
    Total Borrowing28.2121.2214.21
    Amount in ₹ Crore

    Anand Seamless Ltd.'s revenue increased by 67% and profit after tax (PAT) rose by 107% between the financial year ending with March 31, 2026 and March 31, 2025.

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    IPO Objects of the Issue

    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, 38271513.20
    Full or part repayment and/or prepayment of certain outstanding secured and unsecured borrowings availed by the Company5.49
    General corporate purposes3.70
    Issue Expenses3.13
    IPO Objects of the Issue: What the proceeds are earmarked for (₹ Cr.). Figures as published in the table below.
    #Issue ObjectsEst Amt (₹ Cr.)
    1Financing 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, 38271513.20
    2Full or part repayment and/or prepayment of certain outstanding secured and unsecured borrowings availed by the Company5.49
    3General corporate purposes3.70
    4Issue Expenses3.13
    Total25.52

    The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

    Key Performance Indicator (KPI)

    ROE

    Mar 31, 202518.87%
    Sep 30, 2025part period16.57%

    ROCE

    Mar 31, 202515.64%
    Sep 30, 2025part period11.65%

    RoNW

    Mar 31, 202518.87%
    Sep 30, 2025part period16.57%

    PAT Margin

    Mar 31, 20257.88%
    Sep 30, 2025part period9.31%

    EBITDA Margin

    Mar 31, 202517.58%
    Sep 30, 2025part period16.09%
    Key Performance Indicator (KPI): The percentage ratios only; the table's absolute figures stay in the table. The muted bar is a part period, not a full year - it is shorter, not smaller. Figures as published in the table below.
    KPISep 30, 2025Mar 31, 2025
    ROE16.57%18.87%
    ROCE11.65%15.64%
    Debt/Equity1.381.51
    RoNW16.57%18.87%
    PAT Margin9.31%7.88%
    EBITDA Margin16.09%17.58%
    NAV19.9816.67
    Price to Book Value—4.32

    Check IPO Peer Comparison here.

    IPO Valuation

    Valuation MetricPre IPOPost IPO
    EPS (₹)6.504.58
    P/E (x)11.0815.72
    Market Cap at Offer Price₹60.66 Cr.₹86.18 Cr

    Disclaimer

    The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue

    The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2026 available in RHP.

    The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2026 available in RHP.

    Shareholding Structure

    Pre IPO

    • Promoter and Promoter Group100%

    Post IPO

    • Promoter and Promoter Group70.39%
    • Public29.61%
    Shareholding Structure: Who holds the company before and after the issue. Figures as published in the table below.
    CategoryPre IPOPost IPO
    Promoter and Promoter Group100%70.39%
    Public—29.61%
    Total100%100%

    Company Promoters: Kedar Mayank Choksi and Heta Kedar Choksi.

    Anand Seamless IPO Recommendations

    Review BySubscribeMay ApplyNeutralAvoid
    Brokers0000
    Members0000

    IPO Subscription Status

    CategorySubscription (x)Shares OfferedShares bid forTotal Applications
    NII *1.9616,83,20032,96,0000
    Individual Investor0.9816,83,20016,41,6000
    Total1.4733,66,40049,37,600615

    The Anand Seamless IPO is subscribed 1.47 times on September 24, 2026 6:53:46 PM (Day 3). The public issue subscribed 0.98 times in the individual investors category, [.] times in the QIB category, and 1.96 times in the NII category. Check Day by Day Subscription Details (Live Status)

    Reload

    Total Applications: 615

    *Market Maker portion is not included to NII/HNI.

    IPO Expenses

    #Issue ExpensesEst Amt (₹ Cr.)
    1Fees payable to the Lead Manager0.30
    2Fees Payable to Registrar to the Issue0.01
    3Fees Payable Advertising, Marketing Expenses and Printing Expenses0.02
    4Fees Payable to Regulators including Stock Exchange and other regulators like NSDL & CDSL0.06
    5Fees payable to Peer Review Auditor, Legal advisors and other Professionals0.11
    6Fees Payable to Market Maker (for 3 years)0.09
    7Escrow and Sponsor Bank Fees incl. selling commission to be paid0.01
    8Other fees (Fees payable for Underwriting, Fund raising fees, Advisory fees and Miscellaneous Expenses)2.53
    Total3.13

    IPO Registrar

    MUFG Intime India Pvt.Ltd.

    022-49186000

    anandseamless.smeipo@in.mpms.mufg.com

    IPO Lead Manager(s)

    Aftertrade Broking Pvt.Ltd.

    Contact Details

    Anand Seamless Ltd. Address

    Plot No. 129-A

    Ankhol Patiya, Chhatral-Kadi Road,

    Village Indrad,

    Mehsana, Gujarat , 382715

    +91 63573 64613

    cs@anandseamless.com

    Anand Seamless IPO in the news

    Recent coverage in the financial press. Headlines are the publishers' own; verify details with the RHP.

    Anand Seamless IPO Allotment Status: Check Allocation Online

    HDFC Sky · 25 Sept 2026

    Anand Seamless IPO Subscription Status Day 3: Issue Subscribed 1.47 Times

    HDFC Sky · 24 Sept 2026

    Anand Seamless IPO Day 3: Subscribed 1.02x; NII leads at 1.46x

    scanx.trade · 24 Sept 2026

    Anand Seamless IPO Day 3 Subscription Status 24 Sep 2026

    Univest · 24 Sept 2026

    Anand Seamless IPO Day 2 Subscription Status: 0.74x So Far

    HDFC Sky · 23 Sept 2026

    Anand Seamless IPO Day 2: Subscribed 0.79x; Retail demand jumps 350% to 0.36x

    scanx.trade · 23 Sept 2026

    Anand Seamless IPO Day 2: Subscription Status on 23 September 2026

    Univest · 23 Sept 2026

    Anand Seamless IPO Day 1 Subscription Status: 0.59x on Day 1

    HDFC Sky · 22 Sept 2026

    FAQ

    Anand Seamless: common questions

    Answered from this issue's own record.

    The Anand Seamless SME IPO is priced at ₹72 per share, for an issue size of ₹24.24 crore.

    The issue opens on 22 Sept 2026 and closes on 24 Sept 2026, with listing expected on 29 Sept 2026.

    One lot is 1600 shares, and applications must be in multiples of a lot. At the upper band that is ₹1,15,200 for one lot.

    Latest recorded subscription: NII 1.96x, retail 0.98x (as of 31 Oct 2026).