Anand Seamless IPO- Company Analysis
Anand Seamless IPO under the SME IPO category is a fixed price issue of Rs. 25.52 Cr by Anand Seamless Limited, which is in the manufacturing of pipes, seamless tubes, and finned tubes for use in industrial settings. The business is involved in the production of steel and iron. The company specializes in producing heat exchanger tubes, U-tubes, carbon steel and alloy steel seamless tubes, and other kinds of finned tubes. Petrochemicals, oil and gas, power plants, and process industries are just a few of the businesses that make extensive use of these items.
Product Line:
-
Seamless Pipes and Tubes
-
Tubes with fins
The business serves both domestic and foreign markets. Sell goods to the heat exchanger, petroleum, pharmaceutical, chemical, and oil and gas refineries, railroads, thermal and nuclear power plants, boiler manufacturing, textile machinery, transportation, automotive, defense, and cement industries in the domestic market.
Anand Seamless IPO Details
The Anand Seamless IPO date of opening is 22 Sep 2026; its initial public offering will end on 24 Sep, IPO allotment on Sep 25 and refund initiation on Sep 28, 2026.
The Rs. 25.52 crore new SME IPO comprises a wholly fresh issue of 35.44 lakh shares.
The Anand Seamless IPO listing date (expected) might be Tuesday, Sep 29, 2026, and the listing on the BSE and SME.
The Anand Seamless IPO price band is Rs. 72.
IPO Timetable (Tentative)
|
Events |
Date |
|
IPO Opening Date |
Sep 22, 2026 |
|
IPO Closing Date |
Sep 24, 2026 |
|
IPO Allotment Date |
Sep 25, 2026 |
|
Refund Initiation |
Sep 28, 2026 |
|
IPO Listing Date |
Sep 29, 2026 |
Click to open demat account and apply for the IPO.
Company Financials
(Amount in Cr)
|
Particulars |
31 Mar 2026 |
31 Mar 2025 |
31 Mar 2024 |
|
Assets |
67.58 |
52.40 |
35.55 |
|
Total Income |
56.17 |
33.64 |
37.00 |
|
Profit After Tax |
5.48 |
2.65 |
3.36 |
|
EBITDA |
10.22 |
5.90 |
6.51 |
|
Net Worth |
19.52 |
14.05 |
11.40 |
|
Reserves and Surplus |
11.10 |
13.94 |
11.29 |
|
Total Borrowing |
28.21 |
21.22 |
14.21 |
Cash Flows
(Amount in Lac)
|
Net Cash Flow |
31 Mar 2026 |
31 Mar 2025 |
31 Mar 2024 |
|
Net Cash Flow Operating Activities |
(557.06) |
(331.00) |
150.72 |
|
Net Cash Flow Investing Activities |
(17.04) |
(105.63) |
(114.41) |
|
Net Cash Flow Financing Activities |
463.79 |
531.46 |
(36.98) |
Revenue Bifurcation
(Rs. in Lac)
(Source: RHP)
The Objective of the Issue
The Company desires to use the Net Proceeds from the Issue to fulfill its following goals:
-
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. ~ Rs. 13.20 Cr.
-
Full or part repayment and/or prepayment of certain outstanding secured and unsecured borrowings availed by the Company. ~ Rs. 5.73 Cr.
-
General corporate purposes. ~ Rs. 3.70 Cr.
-
Issue Expenses. ~ Rs. 3.13 Cr.
Listed Peers of Anand Seamless Ltd.
|
Name of the Company |
Face Value |
EPS (Basic) (₹) |
P/E |
|
Venus Pipes & Tubes Limited |
10 |
49.51 |
31.86 |
|
Gandhi Special Tubes Limited |
5 |
56.26 |
15.69 |
|
Ratnamani Metals & Tubes Limited |
2 |
68.85 |
34.16 |
|
Scoda Tubes Limited |
10 |
6.79 |
19.62 |
Valuation
| KPI | Value (Mar 31, 2026) |
|
ROE |
16.57% |
|
ROCE |
11.65% |
|
Debt/Equity |
1.38 |
|
RoNW |
16.57% |
|
PAT Margin |
9.31% |
|
EBITDA Margin |
16.09% |
Evaluation of P/E Ratio
Considering the period ended on FY 2026 with an EPS of Rs. 6.50 from the last year, the resulting P/E ratio is 11.07x.
|
Valuation Metric |
Pre IPO |
Post IPO |
|
EPS (₹) |
6.50 |
4.58 |
|
P/E (x) |
11.08 |
15.72 |
Explore the Quanto Agroworld IPO.
IPO's Strengths
-
Diversified Product Range
-
International Accreditations and product approvals
-
Extensive and Effective Quality Control
-
Customer Diversification
IPO's Weaknesses
-
The availability and pricing of raw materials may be impacted by reliance on specific important suppliers without clear supply agreements. Profitability, margins, and cash flows may be impacted by price volatility and the inability to pass on rising costs to consumers.
-
In ROC and other corporate records, several inconsistencies, mistakes, missing attachments, and late filings have been found. The financial situation of the company may be negatively impacted by future regulatory fines or proceedings.
-
The company has made payments, loans, and advances to directors, promoters, promoter groups, and other related parties. Such transactions may not always offer conditions as favorable as those available from unrelated parties, even though they are carried out at arm's length and subject to necessary clearances. This could have an impact on financial performance.
Anand Seamless IPO GMP
Anand Seamless IPO GMP today has not started yet as of 21 September 2026, while writing this information.
Anand Seamless IPO Summary
|
IPO Opening & Closing Date |
22 Sep, 2026 to 24 Sep, 2026 |
|
Face Value |
Rs. 10 per Share |
|
Issue Price |
Rs. 72 per Share. |
|
Lot Size |
1600 Shares |
|
Issue Size |
35,40,000 Shares (Rs. 26 Cr) |
|
Offer for Sale |
- |
|
Fresh Issue |
33,66,400 Shares (Rs. 24 Cr) |
|
Market Makers |
1,77,600 Shares (Rs. 1 Cr) |
|
Issue Type |
Fixed price issue |
|
Registrar |
MUFG Intime India Pvt. Ltd. |
IPO Lot Details
Retail investors can invest in a minimum and maximum of 2 Lots (3200 Shares) for Rs. 2,30,400, and in multiples thereof, while HNI investors can invest in a minimum of 3 Lots (4800 Shares) for Rs. 3,45,600.
|
Minimum Lot Investment (Retail) |
2 Lots |
|
Maximum Lot Investment (Retail) |
2 Lots |
|
HNI (Min) |
3 Lots |
Anand Seamless IPO Allotment Status
To check the Anand Seamless IPO Allotment Status, visit the official Registrar’s website or BSE website. Below are the website links for you.
Using BSE Website - BSE IPO allotment status
Promoters And Management of Anand Seamless Ltd.
-
Kedar Mayank Choksi
-
Heta Kedar Choksi
|
Pre-Issue Promoter Shareholding |
100% |
|
Post-Issue Promoter Shareholding |
70.39% |
IPO Lead Managers
- Aftertrade Broking Pvt. Ltd.
Dividend Policy
The company has not paid a dividend during the last three FYs.
Conclusion
Anand Seamless IPO provides exposure to the growing industrial pipe and tube manufacturing sector, supported by diversified products, improving profitability, and established industry applications. However, investors should consider risks related to raw material price volatility, regulatory matters, and the company’s debt position before investing.
Other Related Blogs:-
Manika Plastech IPO
Finowings IPO Analysis
Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO.
You must consult your financial advisor before making any financial decisions.
To Apply for the IPO, Click Here.
Read the company prospectus and download the DRHP.
Click Here To Stay Updated With The Upcoming IPOs.
DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.
