Anand Seamless IPO: dates, price band, lot size and GMP
Anand Seamless IPO listed on 29 Sep at ₹72.1 (BSE SME). Issue dates 22 – 24 Sep 2026, price band ₹72, lot 1,600 shares. The shares now trade on the exchange; any pre-IPO price on this site is historical.
Updated 6 Oct 2026, 14:11 IST. Dated dealer references.
BuyUnlistedShares tracks 197 IPOs on its calendar; the Anand Seamless IPO has a price band of ₹72, a lot of 1,600 shares and no grey-market premium reported yet as of 06 Oct 2026.
Key details
| Board | SME |
|---|---|
| Issue dates | 22 – 24 Sep 2026 |
| Price band | ₹72 |
| Lot size | 1,600 shares |
| Issue size | ₹25.52 Cr |
| Fresh issue | ₹24.24 Cr |
| Subscription | 1.47x |
| Registrar | MUFG Intime India Pvt.Ltd. |
| Lead managers | Aftertrade Broking Pvt.Ltd. |
| Status | Listed |
Timeline
- Issue opens: 22 Sep
- Issue closes: 24 Sep
- Allotment: 25 Sep
- Refunds: 28 Sep
- Demat credit: 28 Sep
- Listing: 29 Sep
Live subscription
| Category | Subscribed |
|---|---|
| NII | 1.96x |
| Retail | 0.98x |
| Total | 1.47x |
Last updated 24 Sep 2026, 6:54 PM IST.
Issue details
| Face value | ₹10 |
|---|---|
| Issue type | Fixed Price Issue |
| Listing at | BSE SME |
| Market cap at the upper band | ₹86.18 Cr |
| P/E (pre-issue) | 11.08x |
| P/E (post-issue) | 15.72x |
| Fresh issue (shares) | 33,66,400 |
| Total shares offered | 33,66,400 |
| Promoter holding pre-issue | 100% |
| Promoter holding post-issue | 70.39% |
| Promoters | Kedar Mayank Choksi, Heta Kedar Choksi |
| Lead managers | Aftertrade Broking Pvt.Ltd. |
| Registrar phone | 022-49186000 |
| Registrar email | anandseamless.smeipo@in.mpms.mufg.com |
| Company website | anandseamless.com |
Lot sizes by investor category
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (minimum) | 2 | 3,200 | ₹2,30,400 |
| Retail (maximum) | 2 | 3,200 | ₹2,30,400 |
| sNII (minimum) | 3 | 4,800 | ₹2,30,400 |
| bNII (minimum) | 3 | 4,800 | ₹10,36,800 |
Reservation
| Category | Share of issue | Shares offered | Basis |
|---|---|---|---|
| NII (HNI) | 50% | 16,83,200 | 50% of the Net Issue |
| Retail | 50% | 16,83,200 | 50% of the Net Issue |
| Market Maker | 5.3% | 1,77,600 |
Subscription by day
| Day | QIB | NII | sHNI | bHNI | Retail | Total |
|---|---|---|---|---|---|---|
| Day 1 · 22 Sep | — | 1.13x | — | — | 0.05x | 0.59x |
| Day 2 · 23 Sep | — | 1.13x | — | — | 0.36x | 0.74x |
| Day 3 · 24 Sep | — | 1.96x | — | — | 0.98x | 1.47x |
Key ratios as of 31 Mar 2025
| EPS (pre-issue) | ₹6.5 |
|---|---|
| EPS (post-issue) | ₹4.58 |
| P/E (pre-issue) | 11.08x |
| P/E (post-issue) | 15.72x |
| RoNW | 18.87% |
| RoCE | 15.64% |
| RoE | 18.87% |
| PAT margin | 7.88% |
| EBITDA margin | 17.58% |
| Price / book | 4.32x |
| NAV per share | ₹16.67 |
| Debt / equity | 1.51 |
| Market cap (upper band) | ₹86.18 Cr |
Financials (₹ Cr)
| Metric | FY26 | FY25 | FY24 | FY26 vs FY25 |
|---|---|---|---|---|
| Assets | 67.58 | 52.4 | 35.55 | +29% |
| Total Income | 56.17 | 33.64 | 37 | +67% |
| Profit After Tax | 5.48 | 2.65 | 3.36 | +106.8% |
| EBITDA | 10.22 | 5.9 | 6.51 | +73.2% |
| NET Worth | 19.52 | 14.05 | 11.4 | +38.9% |
| Reserves and Surplus | 11.1 | 13.94 | 11.29 | −20.4% |
| Total Borrowing | 28.21 | 21.22 | 14.21 | +32.9% |
About Anand Seamless
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.
Anand Seamless Limited focuses on quality-driven manufacturing with certifications like ISO and approvals from agencies such as IBR and Engineers India Limited. It serves both domestic and international clients, including major PSUs and global energy companies, positioning itself as a reliable supplier in the industrial engineering sector.
Product Portfolio:
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, 382715 — ₹13.2 Cr
- Full or part repayment and/or prepayment of certain outstanding secured and unsecured borrowings availed by the Company — ₹5.49 Cr
- General corporate purposes — ₹3.7 Cr
- Issue Expenses — ₹3.13 Cr
Net proceeds: ₹25.52 Cr
Peer comparison
| Company | EPS (Basic) | NAV (₹ per share) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|
| Venus Pipes & Tubes Ltd | 49.51 | 322.69 | 31.86x | 15.25% | 4.9 | Consolidated |
| Gandhi Special Tubes Ltd | 56.26 | 260 | 15.69x | 21.64% | 3.39 | Consolidated |
| Ratnamani Metals & Tubes Ltd | 68.85 | 586.46 | 34.16x | 13% | 4.01 | Consolidated |
| Scoda Tubes Ltd | 6.79 | 65.15 | 19.62x | 9.95% | 2.05 | Consolidated |
| Anand Seamless Ltd. (issuer) | 6.5 | 23.17 | — | 28.05% | — | Restated |
Notes: P/E ratio has been calculated after considering the closing NSE price of the peer as on May 31, 2026, obtained from the NSE website.
Strengths (per the offer document)
- Diversified Product Range — Our Company has a varied product range to cater to the requirements of our Customers.
- International Accreditations and product approvals — We are a growing brand in Seamless Tubes and Pipes and Finned Tubes.
- Extensive and Effective Quality Control — We have developed quality control processes for inspecting the raw materials, in production stage material as well as the final products.
- Customer Diversification — We sell our Products both in the domestic as well as the international markets.
- Experienced and Qualified Team — Our Promoters and senior management team is well experienced in this industry both from marketing and distribution of products in this sector.
- Equipment Maintenance and Calibration — Our Company places significant emphasis on the maintenance and upkeep of its plant and machinery to ensure efficient operations and consistent product quality.
Risk factors (as disclosed by the company)
- Our business is dependent on the sale of our products to certain key customers — financial condition, results of operations and cash flows.
- Our manufacturing capacity and the effective utilization thereof are critical to our operational efficiency
- Competition from existing players and potential new entrants in the industry may result in pricing pressures, loss of market share and reduced margins
- Failure to obtain applicable approvals, licenses, registrations and permits in a timely manner, or at all, may disrupt our operations
- Rising costs and limited availability of skilled labour may impact our operational efficiency and increase our employee costs
- Changes in central, state or local government policies and regulatory frameworks in India may impose additional compliance requirements
- Our business and financial performance are significantly dependent on domestic and global demand-supply dynamics of our products
- Conflicts of interest with our affiliated companies, members of the promoter group and other related parties may arise in the ordinary course of business
From the DRHP (strengths pages 223–225, risk factors pages 7–67). Headings shortened; the wording is the company’s. Not a recommendation.
Offer documents: DRHP (PDF)
Track this issue
- Anand Seamless IPO GMP today and trend
- Anand Seamless IPO subscription status, day by day
- Anand Seamless IPO allotment status and how to check
Frequently asked questions
When does the Anand Seamless IPO open and close?
The issue is scheduled for 22 – 24 Sep 2026.
What is the Anand Seamless IPO price band?
The price band is ₹72 per share with a lot size of 1,600 shares.
How big is the Anand Seamless IPO?
The total issue size is ₹25.52 Cr.
When will Anand Seamless list?
The tentative listing date is 29 Sep on the SME platform.
How do I apply for the Anand Seamless IPO?
Apply through your broker or bank using ASBA or UPI within the issue window; the amount stays blocked in your account until allotment. BuyUnlistedShares does not take applications; it tracks the issue and the unlisted price before it.
Sources
- Draft red herring prospectus (DRHP), Anand Seamless · as filed with SEBI · bsesme.com
- Registrar allotment page, MUFG Intime India Pvt.Ltd. · allotment 25 Sep · in.mpms.mufg.com
- BSE SME issues page · listing 29 Sep · bsesme.com
- Anand Seamless company website · anandseamless.com
- BuyUnlistedShares IPO record: GMP, subscription and allotment, dated daily · GMP as of 29 Sep, 04:01 · buyunlistedshares.com
How to cite this page: BuyUnlistedShares, “Anand Seamless IPO”, https://buyunlistedshares.com/ipo/anand-seamless-ipo, as of 06 Oct 2026.
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Indicative reference price, dated. BuyUnlistedShares is India's premium unlisted shares desk: the unlisted and pre-IPO dealing desk of Gayatri Financial Synergy, Faridabad, in the market since 2002. Reviewed by the BuyUnlistedShares desk before publishing. Data as of 06 Oct 2026.
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