Anand Seamless IPO Date & Timeline
Tentative schedule from the RHP.
Anand Seamless IPO Subscription Status
From NSE + BSE bid data, excluding the anchor portion.
Day-wise subscription
| Day | NII | Individual | Total |
|---|---|---|---|
| Shares offered | 16,83,200 | 16,83,200 | 33,66,400 |
| Day 1 · Sep 22 | 1.13× | 0.05× | 0.59× |
| Day 2 · Sep 23 | 1.22× | 0.36× | 0.79× |
| Day 3 · Sep 24 | 2.06× | 0.98× | 1.52× |
Anand Seamless IPO Details
Checked against the RHP and cross-checked on NSE and BSE.
| IPO date | Sep 22 – 24, 2026 |
| Issue price | ₹72 per share |
| Face value | ₹10 per share |
| Lot size | 1,600 shares |
| Total issue size | 35,44,000 shares ₹25.52 Cr |
| Fresh issue | 35,44,000 shares ₹25.52 Cr |
| Issue type | Fixed Price · SME |
| Listing at | BSE SME |
| Market cap | ≈ ₹86.18 Cr |
| Promoter holding | 100% → 70.39% |
| Lead manager | Aftertrade Broking Pvt. Ltd. |
| Market maker | Aftertrade Broking Pvt. Ltd. |
| Registrar | MUFG Intime India Pvt. Ltd. |
Anand Seamless IPO Lot Size
Minimum and maximum bids by investor type at the issue price of ₹72.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual (min) | 2 | 3,200 | ₹2,30,400 |
| Individual (max) | 2 | 3,200 | ₹2,30,400 |
| sHNI (min) | 3 | 4,800 | ₹3,45,600 |
Anand Seamless IPO Reservation
Shares set aside for each category, and the maximum number of applicants who can get an allotment.
| Category | Shares offered | % of issue | Max. allottees |
|---|---|---|---|
| Market maker | 1,77,600 | 5% | — |
| NII (HNI) | 16,83,200 | 47.5% | 351 |
| Individual investors | 16,83,200 | 47.5% | 526 |
| Total | 35,44,000 | 100% |
Anand Seamless Financials (FY24 – FY26)
Restated consolidated figures from the RHP, ₹ crore. Years end March 31.
Financial statement
| ₹ Cr | FY24 | FY25 | FY26 | YoY |
|---|---|---|---|---|
| Revenue | 37.00 | 33.64 | 56.17 | +67.0% |
| Profit after tax | 3.36 | 2.65 | 5.48 | +106.8% |
| Total assets | 35.55 | 52.40 | 67.58 | +29.0% |
| Net worth | 11.40 | 14.05 | 19.52 | +38.9% |
| Reserves & surplus | 11.29 | 13.94 | 11.10 | −20.4% |
| Total borrowing | 14.21 | 21.22 | 28.21 | +32.9% |
Anand Seamless IPO Valuation
At the upper band of ₹72.
About Anand Seamless
Business profile from the RHP.
- 2005Incorporated · Kadi, Mehsana (Gujarat)
- Seamless & finned tubesCarbon/alloy steel tubes, heat-exchanger tubes, U-tubes
- 100 + 67Permanent + contractual staff across Units I and II (Mar 31, 2026)
- India + exportsOil & gas, power, petrochem, railways, defence and more
Promoters & holding
Kedar Mayank Choksi, Heta Kedar Choksi
Objects of the issue
Anand Seamless IPO Review: Should You Apply?
Our 100-point score, and both sides of the case.
Our view: A small, profitable seamless-tube maker serving several industries, priced reasonably at ~16× post-issue earnings, with promoters keeping ~70%. But it is a tiny SME issue with lumpy revenue, rising debt (D/E ~1.5), a ₹2.3 lakh minimum ticket and lukewarm individual-investor demand.
- Profit roughly doubled in FY26 to ₹5.5 Cr as revenue rose 67% to ₹56.2 Cr; ROE ~18.9%.
- Sells into many industries (oil & gas, petrochemicals, power, railways, defence, pharma), in India and abroad.
- Reasonably priced at ~16× post-issue earnings and ~1.5× sales.
- Entirely a fresh issue: money goes to plant expansion and debt reduction, and promoters keep ~70%.
- Solid NII demand (2.06×) at close; the issue finished 1.52× subscribed.
- Small and lumpy: revenue fell in FY25 (₹37.0 → ₹33.6 Cr) before jumping in FY26.
- Rising debt: borrowings doubled to ₹28.2 Cr since FY24 (D/E ~1.5).
- Cyclical demand tied to oil & gas, power and process-industry capex; steel price swings can squeeze a ~8% net margin.
- SME listing: a high minimum ticket (₹2,30,400 for 2 lots), trading in lots and typically lower liquidity.
- Limited public disclosure: EBITDA, cash flow, peer comparison and object-wise amounts weren't available, and individual demand closed just under 1× (0.98×).
Anand Seamless Listing Performance Updates after Sep 29
We close the loop: issue vs listing price, and whether our call was right.
Anand Seamless IPO Allotment Status & Contact Details
Allotment was finalised on Sep 25. Check it with your PAN or application number.
MUFG Intime India Pvt. Ltd.
- Phone
- 022-49186000
- anandseamless.smeipo@in.mpms.mufg.com
Anand Seamless Ltd.
- Address
- Plot No. 129-A, Ankhol Patiya, Chhatral-Kadi Road, Village Indrad, Mehsana, Gujarat 382715
- Phone
- +91 63573 64613
- cs@anandseamless.com
- Website
- anandseamless.com
Anand Seamless IPO FAQs
GMP, price, lot size, dates, allotment and how to apply.
What is Anand Seamless IPO?
Anand Seamless IPO is a ₹25.52 Cr SME fixed price issue, entirely a fresh issue. The shares will list on BSE SME.
What is the issue price of Anand Seamless IPO?
The issue price is ₹72 per equity share of face value ₹10.
What is the lot size of Anand Seamless IPO?
The minimum lot is 1,600 shares. Individual investors must apply for exactly 2 lots (3,200 shares).
What is the minimum investment for Anand Seamless IPO?
The minimum individual investment is ₹2,30,400 (3,200 shares at ₹72).
When does Anand Seamless IPO open and close?
The IPO opens on Sep 22, 2026 and closes on Sep 24, 2026.
What is the allotment date of Anand Seamless IPO?
The basis of allotment is finalised on Sep 25, 2026. Refunds and demat credit are expected on Sep 28, 2026.
When will Anand Seamless IPO be listed?
The tentative listing date is Sep 29, 2026 on BSE SME.
What is Anand Seamless IPO subscription status?
At close (Sep 24 · 5:00 PM IST), the issue was subscribed 1.52× overall — Individual 0.98×.
What is the P/E ratio and valuation of Anand Seamless IPO?
At the upper band, the P/E is 11.1× pre-issue and 15.7× post-issue, with a market cap of about ₹86.18 Cr.
Should I apply for Anand Seamless IPO?
IPOSignal's view is Proceed with Caution · Fair Price, Small & Leveraged (57/100). A small, profitable seamless-tube maker serving several industries, priced reasonably at ~16× post-issue earnings, with promoters keeping ~70%. But it is a tiny SME issue with lumpy revenue, rising debt (D/E ~1.5), a ₹2.3 lakh minimum ticket and lukewarm individual-investor demand. This is research, not investment advice.
How to check Anand Seamless IPO allotment status?
Check on the registrar MUFG Intime India Pvt. Ltd.'s site (in.mpms.mufg.com/Initial_Offer/public-issues.html), or on the BSE / NSE allotment pages, using your PAN or application number.
Who is the registrar and lead manager of Anand Seamless IPO?
The registrar is MUFG Intime India Pvt. Ltd.. The book-running lead manager is Aftertrade Broking Pvt. Ltd.. The market maker is Aftertrade Broking Pvt. Ltd..