ANB Metal Cast IPO: Price, GMP, Analysis, And Details

ANB Metal Cast IPO- Company Analysis 

ANB Metal Cast IPO under the SME IPO category is a bookbuilding issue of Rs. 49.92 Cr by ANB Metal Cast Ltd, which was incorporated in 2019 and is in the production of premium aluminum extrusions, which include sliding windows, railings, solar profiles, and motor bodies.

The business serves a number of industries, including the mechanical, electrical, solar, automotive, and architectural sectors. It specializes in producing a broad variety of aluminum extrusion goods, such as railings, sliding windows, round bars, solar profiles, motor bodies, and different profiles.

The company's 50,000-square-foot manufacturing facility in Rajkot, Gujarat, is devoted to producing non-ferrous metal alloys and aluminum extrusions.

Hardware items, railing and architectural solutions, engineering products, kitchen profiles, and aluminum extrusion products such as channels, sections, flat bars, and tubes are among the company's aluminum products.

 

ANB Metal Cast IPO Details

The ANB Metal Cast IPO date is on 08 August 2025, and its initial public offering will end on 12 Aug with IPO allotment on Aug 13, and refund initiation on Aug 14, 2025.

The Rs. 49.92 crore new SME IPO comprises a wholly fresh issue of 32 lac Shares.

The ANB Metal Cast IPO listing date (expected) might be on Monday, Aug 18, 2025, and listing at the NSE and SME. 

The ANB Metal Cast IPO price band is Rs. 148 to Rs. 156.

IPO Timetable (Tentative)

Events	Date
IPO Opening Date	Aug 08, 2025
IPO Closing Date	Aug 12, 2025
IPO Allotment Date	Aug 13, 2025
Refund Initiation	Aug 14, 2025
IPO Listing Date	Aug 18, 2025

 

Click to open demat account and apply for the IPO.

Company Financials

(Amount in Cr)

Period	31 Mar 2025	31 Mar 2024	31 Mar 2023
Total Assets	98.05	63.58	44.02
Total Revenue	162.64	112.15	84.28
PAT	10.25	5.34	1.85
Net Worth	33.97	10.67	5.37
Reserves & Surplus	25.33	7.67	2.37
Borrowings	34.33	34.13	15.92

 

Cash Flows

(Amount in lac)

Net Cash Flow in Multiple Activities	31 Mar 2025	31 Mar 2024	31 Mar 2023
Net Cash Flow Operating Activities	399.62	(730.29)	(639.90)
Net Cash Flow Investing Activities	(168.21)	(742.05)	(618.48)
Net Cash Flow Financing Activities	1,049.50	1,501.74	1,260.07

 

Revenue Bifurcation

Product-wise Revenue Breakdown

 

Geography-wise Revenue Breakdown

(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 necessary capital expenditures for our company's planned expansion of its current manufacturing facilities by adding more floors and installing more machinery and plants. ~ Rs. 13.70 Cr.

• Financing long-term working capital needs. ~ Rs. 21.50 Cr.

• General corporate purposes.
  
  

Listed Peers of ANB Metal Cast Ltd.

Company Name	Face Value (Rs.)	EPS (Rs.)	P/E (x)
Maan Aluminum Limited	5	2.87	42.51
Banco Products (India) Limited	2	27.39	23.97

 

Valuation

Metric	Value
ROE	45.91%
ROCE	24.13%
Debt/Equity	1.01
RoNW	45.91%
PAT Margin	6.30%
Price to Book Value	3.72
EBITDA Margin	10.74%

Evaluation of P/E Ratio

Considering the FY ended on 31 Mar 2024 with an EPS of Rs. 12.66 from the last year, the resulting P/E ratio is 12.32x (taking the upper price). When compared with the industry’s average P/E of 32.48x, it indicates an undervaluation (on a P/E ratio basis only). Hence, the price of the Share seems fairly priced for the investors.

Explore the Essex Marine IPO.

 

IPO's Strengths 

• A wide range of products.

• Personalization and adaptability.

• A solid rapport with raw material suppliers.

• Making the best use of available resources.

• Strict quality control procedures guarantee consistent product quality.

 

IPO’s Weaknesses

• A sizable amount of the company's income comes from aluminum extrusion products, which are used to sell engineering, automotive, electronics and electrical, and solar products, among other products. Any decline in the sales of these products could negatively impact the company's operations.

• The business has a single production facility in Gujarat.

• Orders are typically placed on a purchase-order basis; there are no long-term agreements with clients.
  
  

ANB Metal Cast IPO GMP (Grey Market Premium)

ANB Metal Cast IPO GMP today is Rs. 0 as of 05 Aug 2025 at the time of writing this information. Hence, the ANB Metal Cast IPO listing price (estimated) might be Rs. 156 (upper price + current GMP or grey market premium).

ANB Metal Cast IPO Summary

The ANB Metal IPO has a market maker portion size of 2,00,000 Shares (Rs. 3.12 Cr).

IPO Opening & Closing Date	08 Aug, 2025 to 12 Aug, 2025
Face Value	Rs. 10 per Share
Issue Price	Rs. 148 to Rs. 156 per Share.
Lot Size	800 Shares
Issue Size	32,00,000 Shares (Rs. 49.92 Cr)
Offer for Sale	-
Fresh Issue	32,00,000 Shares (Rs. 49.92 Cr)
Listing at	NSE, SME
Issue Type	Bookbuilding Issue
Registrar	Kfin Technologies Limited

IPO Lot Details 

Retail investors can invest in a minimum and maximum of 2 Lots (1600 Shares) for Rs. 2,49,600 and in multiples thereof, while for S-HNI investors, the minimum Lot is 3 (2400 Shares) for Rs. 3,74,400.

Minimum Lot Investment (Retail)	2 Lots
Maximum Lot Investment (Retail)	2 Lots
S-HNI (Min)	3 Lots

 

IPO Reservation (% of Net Issue)

Institutional Portion	50%
Retail’s Portion	35%
Non-Institutional Portion	15%

ANB Metal Cast IPO Allotment Status

To check the ANB Metal Cast IPO Allotment Status, visit the official Registrar’s website or the BSE website. Below are the website links for you.

Using Registrar’s Website - Kfintech IPO allotment status​

Using BSE Website - ​BSE IPO allotment status

 

Promoters And Management of ANB Metal Cast Ltd.

• Avnishkumar Dhirajlal Gajera.

Pre-Issue Promoter Shareholding	91.49%
Post-Issue Promoter Shareholding	-

 

IPO Lead Managers

• Sun Capital Advisory Services (P) Ltd.

Dividend Policy

The company has not paid any dividends during the last three years.

Conclusion

Exposure to the rapidly expanding aluminum extrusion market in India is provided by the ANB Metal Cast IPO, which is backed by solid financials and a wide range of industrial applications. Future growth is indicated by its expansion strategy and increasing PAT.  However, stability may be limited by reliance on a single unit and the absence of long-term contracts. 

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.

To Read the Prospectus of the Company Click Here to Download the DRHP.

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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.