Anand Seamless IPO Details

Fixed Price IPO | ₹26 Cr | Listing at BSE SME | Tue, Sep 22, 2026 - Thu, Sep 24, 2026

IPO Details

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Anand Seamless IPO is a fixed issue price of ₹25.52 crores. The issue is entirely a fresh issue of 35.44 lakh shares of ₹25.52 crore.

Anand Seamless IPO opens for subscription on Sep 22, 2026 and closes on Sep 24, 2026. The allotment for the Anand Seamless IPO is expected to be finalized on Sep 25, 2026. Anand Seamless IPO will list on the BSE SME with a tentative listing date fixed as Sep 29, 2026.

Anand Seamless IPO is set final issue price at ₹72 per share. The lot size for an application is 1,600 shares. The minimum amount of investment required by an individual investor (retail) is ₹2,30,400 (3,200 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (4,800 shares), amounting to ₹3,45,600.

Aftertrade Broking Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Aftertrade Broking Pvt.Ltd.

Refer to Anand Seamless IPO DRHP for detailed Information.

IPO Open

Tue, Sep 22, 2026

IPO Close

Thu, Sep 24, 2026

Price Band

₹72 per share

Market Cap*

₹86.18 Cr * on Offer Price

IPO Details

IPO Date

22 to 24 Sep, 2026
Listing Date

Tue, Sep 29, 2026
Face Value

₹10 per share
Issue Price

₹72 per share
Lot Size

1,600 Shares
Sale Type

Fresh capital only
Sale Type

Fresh capital cum OFS
Issue Type

Fixed Price IPO
Listing At

BSE SME

Total Issue Size

35,44,000 shares (agg. up to ₹26 Cr)
Reserved for Market Maker

1,77,600 shares (agg. up to ₹1 Cr) Aftertrade Broking Pvt.Ltd.
Fresh Issue (Ex Market Maker)

33,66,400 shares (agg. up to ₹24 Cr)
Net Offered to Public

33,66,400 shares (agg. up to ₹24 Cr)
Share Holding Pre Issue

84,25,458 shares
Share Holding Post Issue

1,19,69,458 shares

IPO Open

Tue, Sep 22, 2026
Allotment

Fri, Sep 25, 2026
Credit of Shares

Mon, Sep 28, 2026

IPO Close

Thu, Sep 24, 2026
Refund

Mon, Sep 28, 2026
Listing

Tue, Sep 29, 2026

Issue Reservation

Anand Seamless IPO comprises a total issue size of 35,44,000 shares. The net offer to the public is 33,66,400 shares, after excluding 1,77,600 shares allotted on a firm basis. Of the Net offer 16,83,200 (50.00%) allocated to NII 16,83,200 (50.00%) allocated to RII.

Investor Category	Shares	% of Net Issue	% of Total Issue
NII (HNI)	16,83,200	50.00%	47.49%
Retail	16,83,200	50.00%	47.49%
Firm Reservations
Market Maker	1,77,600		5.01%
Total	35,44,000	100.00%	100.00%

IPO Lot Size

Investors can bid for a minimum of 3,200 shares and in multiples of 1,600 shares thereof.

Application	Lots	Shares	Amount
Individual investors (IND) (Min)	2	3200	₹2,30,400
Individual investors (IND) (Max)	2	3200	₹2,30,400
HNI (Min)	3	4800	₹3,45,600

About Anand Seamless Ltd.

Incorporated in 2005, 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.

Product Portfolio:

Seamless Tubes and Pipes
Finned Tubes

The company cater to both the domestic as well as the international markets. In the domestic market, we sell our Products to Heat Exchanger Industry, Petroleum Industries, Pharmaceutical Industries, Chemical Industries, Oil and Gas Refineries Railways, Thermal & Nuclear Power Plants, Boiler Manufacturing, Chemical Industries, Textile Machinery, and Transportation sectors, Automobile Industries, Defense Sector, Cement Industries.

The company operate at their owned manufacturing unit situated at Survey No. 944, Chhatral Kadi Road, Nr. Ankhol Patiya, Indrad, Kadi, Gujarat 382715, India.

As of March 31, 2026, the company employs 81 permanent employees and engages 57 contractual personnel at the Unit I facility and, 19 permanent employees and 10 contractual personnel at the Unit II facility.

Competitive Strengths:

Diversified Product Range
International Accreditations and product approvals
Extensive and Effective Quality Control
Customer Diversification
Experienced and Qualified Team

Company Financials (Restated Consolidated)

Anand Seamless Ltd.’s revenue increased by 67% and profit after tax (PAT) rose by 107% between the financial year ending with March 31, 2026 and March 31, 2025. (Amount in ₹ Crore)

Period Ended	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

Recently Listed IPOs in Iron & Steel Products

Company	Issue Type	Issue Size	Issue Price	PE Ratio	Listing Day Close	Listing Gain/Loss %	LTP
Anubhav Plast Ltd.	SME	₹24.00 Cr	₹80	10.67	₹76.00	-5.00%	₹44.10
Kasturi Metal Composite Ltd.	SME	₹17.61 Cr	₹64	23.59	₹63.16	-1.31%	₹54.00
Shri Kanha Stainless Ltd.	SME	₹46.28 Cr	₹90	16.23	₹83.60	-7.11%	₹22.35

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

# Issue Objects

Est Amt (₹ Cr.)
1 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

13.20
2 Full or part repayment and/or prepayment of certain outstanding secured and unsecured borrowings availed by the Company

5.73
3 General corporate purposes

3.70
4 Issue Expenses

3.13
Total

25.76

Key Performance Indicator (KPI)

KPI	Sep 30, 2025	Mar 31, 2025
ROE	16.57%	18.87%
ROCE	11.65%	15.64%
Debt/Equity	1.38	1.51
RoNW	16.57%	18.87%
PAT Margin	9.31%	7.88%
EBITDA Margin	16.09%	17.58%
NAV	19.98	16.67
Price to Book Value		4.32

IPO Valuation

Valuation Metric	Pre IPO	Post IPO
EPS (₹)	6.50	4.58
P/E (x)	11.08	15.72
Market Cap at Offer Price	₹60.66 Cr.	₹86.18 Cr

The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2026 available in RHP.
The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2026 available in RHP.

Shareholding Structure

Category	Pre IPO	Post IPO
Promoter and Promoter Group	100%	70.39%
Public		29.61%
Total	100%	100%

Company Promoters: Kedar Mayank Choksi and Heta Kedar Choksi.

Anand Seamless IPO Recommendations

Review By	Subscribe	May Apply	Neutral	Avoid
Brokers	0	0	0	0
Members	0	0	0	0

IPO Expenses

# Issue Expenses

Est Amt (₹ Cr.)
1 Fees payable to the Lead Manager

0.30
2 Fees Payable to Registrar to the Issue

0.01
3 Fees Payable Advertising, Marketing Expenses and Printing Expenses

0.02
4 Fees Payable to Regulators including Stock Exchange and other regulators like NSDL & CDSL

0.06
5 Fees payable to Peer Review Auditor, Legal advisors and other Professionals

0.11
6 Fees Payable to Market Maker (for 3 years)

0.09
7 Escrow and Sponsor Bank Fees incl. selling commission to be paid

0.01
8 Other fees (Fees payable for Underwriting, Fund raising fees, Advisory fees and Miscellaneous Expenses)

2.53
Total

3.13

IPO Registrar

MUFG Intime India Pvt.Ltd.

022-49186000
anandseamless.smeipo@in.mpms.mufg.com
Visit Website

IPO Lead Manager(s)

Aftertrade Broking Pvt.Ltd.

Lead Manager Reports

Lead Manager Performance Summary
Lead Manager Performance Tracker

Contact Details

Anand Seamless Ltd. Address

Plot No. 129-A

Ankhol Patiya, Chhatral-Kadi Road,

Village Indrad,

Mehsana, Gujarat, 382715

+91 63573 64613
cs@anandseamless.com
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IPO FAQs

What is the Anand Seamless IPO?

Anand Seamless IPO is a SME IPO of 35,44,000 equity shares of the face value of ₹10 aggregating up to ₹26 Crores. The issue is priced at ₹72 per share. The minimum order quantity is 1600.

The IPO opens on Tue, Sep 22, 2026, and closes on Thu, Sep 24, 2026.

MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

How to apply in Anand Seamless IPO through Angel One?

Angel One customers can apply online in Anand Seamless IPO using UPI as a payment gateway. Angel One customers can apply in Anand Seamless IPO by login into Angel One Console (back office) and submitting an IPO application form.

Steps to apply in Anand Seamless IPO through Angel One

Visit the Angel One website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘Anand Seamless IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Angel One IPO Application Process Review for more detail.

When Anand Seamless IPO will open?

The Anand Seamless IPO opens on Tue, Sep 22, 2026 and closes on Thu, Sep 24, 2026.

What is the lot size of Anand Seamless IPO?

Anand Seamless IPO lot size is 1600, and the minimum amount required for application is ₹2,30,400, with 2 lots being the minimum application size.

How to apply for Anand Seamless IPO?

You can apply in Anand Seamless IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Angel One, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

When is Anand Seamless IPO allotment?

The finalization of Basis of Allotment for Anand Seamless IPO will be done on Friday, September 25, 2026, and the allotted shares will be credited to your demat account by Mon, Sep 28, 2026. Check the Anand Seamless IPO allotment status.

When is Anand Seamless IPO listing date ?

The Anand Seamless IPO listing date is not yet announced. The tentative date of listing is Tue, Sep 29, 2026.