Anand Seamless Limited
Fixed Price IPO · BSE
- Price band
- ₹72 - ₹72
- Lot size
- 1,600 shares
- Issue amount
- ₹25.51 cr
- Total subscription
- 1.47×
- Opens
- 22 Sept 2026
- Closes
- 24 Sept 2026
- Allotment
- 25 Sept 2026
- Listing
- 29 Sept 2026
Offer at a glance
Issue overview
- Issue size
- 35,44,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,15,200
- Fresh issue
- ₹25.51 cr
- Offer for sale
- ₹0 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,15,200
- Issue type
- Fixed Price IPO
- Shares before issue
- 84,25,458
- Shares after issue
- 1,19,69,458
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 3,200 | ₹2,30,400 |
| sHNI | 3 | 4,800 | ₹3,45,600 |
Share reservation
Subscription & GMP
Subscription by category
Reported 24 Sept 2026
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 526 | 513 |
| HNIs (2-10L) | 351 | 93 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| RETAIL | 12.12 | 11.82 |
| NIB | 12.12 | 13.55 |
| HNIs | 12.12 | 23.73 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| EPS | 6.5 | 3.15 | 3.99 |
| ROE | 28.05 | 18.87 | 29.52 |
| ROCE | 20.66 | 15.64 | 23.9 |
| RONW | 0 | 0 | 0 |
| PRE IPO(PE) | 11.08 | 0 | 0 |
| POST IPO(PE) | 15.72 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Anand Seamless Limited | 11.08 | 72.00 | 10 | 23.17 | 28.05 | 6.5 |
| Venus Pipes & Tubes Limited | 31.86 | 1,577.30 | 10 | 322.69 | 15.25 | 49.51 |
| Gandhi Special Tubes Limited | 15.69 | 882.85 | 5 | 260 | 21.64 | 56.26 |
| Ratnamani Metals & Tubes Limited | 34.16 | 2,352.00 | 2 | 586.46 | 13.00 | 68.85 |
| Scoda Tubes Limited | 19.62 | 133.23 | 10 | 65.15 | 9.95 | 6.79 |
Company information
Company profile
Anand Seamless Limited, incorporated in 2005, is engaged in manufacturing seamless tubes, pipes and finned tubes for various industrial applications. The Company produces carbon steel and alloy steel seamless tubes, heat exchanger tubes, U-tubes and different types of finned tubes, which are used across industries such as oil and gas, petrochemicals, power plants, pharmaceuticals, chemicals, railways, boilers, textiles, automobiles, defence, cement and other process industries. Its product portfolio mainly includes seamless tubes and pipes and finned tubes, which are supplied to both domestic and international markets. The Company operates owned manufacturing facilities in Indrad, Kadi, Gujarat, supporting its production and supply operations. As of March 31, 2026, Anand Seamless had 81 permanent and 57 contractual employees at Unit I, and 19 permanent and 10 contractual employees at Unit II.
Strengths
- Diversified Product Range: The company offers a wide range of Seamless Tubes & Pipes and Finned Tubes & Pipes in different materials, sizes and specifications. This helps customers meet multiple requirements and supports business expansion.
- International Accreditations & Product Approvals: The company follows ASTM, ASME and EN standards and holds certifications such as ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018 , along with PED 97/23/EC, IBR and other product approvals. These strengthen its quality and compliance credentials.
- Extensive Quality Control: The company maintains quality checks across raw materials, production and finished products. A dedicated quality team monitors equipment, material strength and manufacturing parameters to ensure consistent product quality from procurement to dispatch.
Risk factors
- Raw Material Supply & Price Risk: The company depends on certain key suppliers without long-term supply agreements. Any supply disruption or increase in raw material prices that cannot be passed on to customers could affect margins, profitability and cash flows.
- Corporate Compliance & Filing Risk: Certain errors, discrepancies, missing documents and delays have been identified in ROC and other corporate records. Any future regulatory action or penalties could negatively impact the company’s financial position.
- Related Party Transaction Risk: The company has transactions with directors, promoters, promoter group entities and other related parties, including remuneration, loans and advances. Although these transactions are subject to approvals and are stated to be on an arm’s-length basis, they may not always offer terms as favourable as those available from independent parties and could affect financial performance.
Promoters
Kedar Mayank Choksi
Heta Kedar Choksi
Registrar & documents
Lead manager
Aftertrade Broking Private Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Plot No. 129-A Ankhol Patiya, Chhatral-Kadi Road, Village Indrad, Mehsana, Gujarat, 382715
+91 63573 64613
[email protected]Company website ↗Understanding ANAND IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.