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ANAND · BSE · Iron & Steel Products
Anand Seamless IPO listed on 29 Sep 2026 on BSE at ₹72.10, a gain of 0.14% over the issue price of ₹72.00. The IPO was subscribed 1.46x overall.
Anand Seamless IPO tentative timeline covering IPO opening, closing, basis of allotment, refunds, demat credit, and listing dates.
| Event | Date |
|---|---|
| IPO Open Date | 22 Sep 2026 |
| IPO Close Date | 24 Sep 2026 |
| Basis of Allotment | 25 Sep 2026 |
| Initiation of Refunds | 28 Sep 2026 |
| Credit of Shares to Demat | 28 Sep 2026 |
| Listing Date | 29 Sep 2026 |
Listing day gain
+0.14%
Listed at ₹72.1 (issue ₹72)
Issue
₹72
Listing
₹72.1
Issue Size
3,544,000 shares
(aggregating up to ₹26.00 Cr)
Issue Price
₹72 – ₹72
Face Value
₹10/share
Market Lot
1,600 shares
Retail Min Investment
₹230,400
Listing At
BSE
Sale Type
fresh issue
Fresh Issue
3,366,400 shares
(aggregating up to ₹24 Cr)
Offer for Sale
[.]
Reserved for Market Maker
177,600 shares
(aggregating up to ₹1.00 Cr)
Issue Type
fixed price
Open Date
22 Sep
Close Date
24 Sep
Allotment
25 Sep
Listing
29 Sep
Last updated: 1 week ago
| Date | IPO Issue Price (₹) | GMP (₹) | Est. Listing Price (₹) | Est. Profit Amount (₹) | Est. Profit % | Last Updated |
|---|---|---|---|---|---|---|
| 28 Sep 2026 Latest | ₹72 | ₹0 | ₹72 | ₹0 |
0%
|
9:30 PM |
| 28 Sep 2026 | ₹72 | ₹0 | ₹72 | ₹0 |
0%
|
9:00 PM |
Showing the 2 most recent GMP entries.
View full GMP historyLatest snapshot: 24 Sep 2026
| Category | Subscribed (x) | No. of Applications |
|---|---|---|
| NII | 1.96x | - |
| Individual Investors | 0.96x | - |
| Total | 1.46x | - |
Showing the latest subscription snapshot.
View full subscription historyKedar Mayank Choksi, Mayank Bhikhabhai Choksi and Heta Kedar Choksi are the promoters of the company.
New to lot sizes and investment limits? Read our guide on IPO lot size and minimum investment.
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | ₹230,400 |
| Retail (Max) | 2 | 3,200 | ₹230,400 |
| S-HNI (Min) | 3 | 4,800 | ₹345,600 |
| S-HNI (Max) | 8 | 12,800 | ₹921,600 |
| B-HNI (Min) | 9 | 14,400 | ₹1,036,800 |
Want to understand how IPO shares are divided between investor categories? Read our guide on IPO reservation structure.
| Category | Shares Offered |
|---|---|
| NII (HNI) Shares Offered | 1,683,200 (47.49%) |
| Individual Investors Shares Offered | 1,683,200 (47.49%) |
| Market Maker Shares Offered | 177,600 (5.02%) |
| Total Shares Offered | 3,544,000 (100.00%) |
Anand Seamless Limited was originally incorporated as Anand Seamless Tubes Private Limited in November 2005 and is headquartered in Kadi, Gujarat. It works in the iron and steel manufacturing sector, producing seamless tubes, pipes and finned tubes.
The company manufactures carbon steel, alloy steel and stainless steel seamless tubes and pipes, along with heat exchanger tubes, U-tubes and various finned tubes used in high-heat and high-pressure applications. Its annual manufacturing capacity is about 3,000 metric tonnes for seamless pipes and tubes and 360,000 metres for finned tubes. Its products serve industries including oil and gas, petrochemicals, power plants and other process industries, supplied to both domestic and international clients, including public sector undertakings and global energy firms, supported by certifications including ISO and approvals from agencies such as IBR and Engineers India Limited.
Revenue rose to about Rs 56.17 crore in FY26 from Rs 33.64 crore in FY25, with profit after tax rising to about Rs 5.48 crore in FY26 from Rs 2.65 crore in FY25, as per the DRHP. The IPO is an SME fixed-price issue of about Rs 25.52 crore on the BSE SME platform, structured entirely as a fresh issue of equity shares of face value Rs 10 each, priced at Rs 72 per share, with subscription scheduled for September 22-24, 2026 and a tentative listing date of September 29, 2026. Net proceeds from the fresh issue are proposed to be used for capacity expansion and technological upgradation, and repayment of certain outstanding borrowings, as detailed in the DRHP.
Standalone · ₹ in Crores
| Particulars | FY Mar 2024 | FY Mar 2025 | FY Mar 2026 |
|---|---|---|---|
| Total Revenue | 37 | 33.64 | 56.17 |
| Profit After Tax (PAT) | 3.36 | 2.65 | 5.48 |
| EBITDA | 6.51 | 5.9 | 10.22 |
| Total Assets | 35.55 | 52.4 | 67.58 |
| Net Worth | 11.4 | 14.05 | 19.52 |
| Reserves & Surplus | 11.29 | 13.94 | 11.1 |
| Total Borrowing | 14.21 | 21.22 | 28.21 |
Revenue & Profit Trend
Key ratios per fiscal period
| Particulars | Mar 2025 |
|---|---|
| RoE Return on Equity Shows how much profit the company makes on the money shareholders have put in. 15% to 20% is healthy in most industries. | 18.87% |
| RoCE Return on Capital Employed Shows the profit earned on all the money used, shareholder funds plus loans. Matters most for factory and infrastructure heavy companies. | 15.64% |
| RoNW Return on Net Worth Shows the profit earned on the company's own net worth. Steady or rising over 3 years is a good sign. | 18.87% |
| PAT Margin Profit After Tax Margin Out of every ₹100 of sales, how much the company keeps after paying all costs, loan interest and tax. | 7.88% |
| EBITDA Margin Earnings Before Interest, Tax, Depreciation and Amortisation Margin Profit from the main business as a share of sales, before loan interest and tax. Compare it with other companies in the same industry. | 17.58% |
| Debt / Equity Debt to Equity How much the company has borrowed against what shareholders own. Above 1x means the loans are bigger than shareholder funds. | 1.51x |
| P/BV Price to Book Value Tells you if the IPO price is above what the company actually owns. 1x to 3x is usually seen as reasonable. | 4.32x |
Issue-level · at the upper price band
| Particulars | Pre-IPO | Post-IPO |
|---|---|---|
| EPS Earnings Per Share Profit the company earns on each share. Post-IPO EPS is usually lower because the issue adds new shares. | ₹6.5 | ₹4.58 |
| P/E Price to Earnings Tells you if the IPO price is fair for what the company earns. Compare it with listed companies in the same sector. | 11.08x | 15.72x |
| Market Cap Market Capitalisation What the whole company is valued at, at the upper price band. Post-IPO counts the new shares the issue creates. | ₹61 Cr | ₹86 Cr |
The basis of allotment for Anand Seamless IPO was finalised on 25 Sep 2026. You can check your allotment status using your PAN number or application number on the MUFG Intime India Pvt.Ltd portal or BSE.
The Anand Seamless IPO is expected to open in Sep 2026, subject to SEBI approval. Final dates will be updated once announced officially.
The price band for Anand Seamless IPO is ₹72.00 - ₹72.00 per share.
As per market sources, Anand Seamless IPO GMP is currently ₹0.00. GMP is tracked daily in the grey market. GMP indicates unofficial demand but does not guarantee listing gains.
The subscription status for Anand Seamless IPO stands at 1.46x overall.
The listing date for Anand Seamless IPO is 29 Sep 2026.
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