GMP IPO Watch
Anand Seamless IPO Latest News: GMP, Price, Dates, Subscription and Key Details
Anand Seamless IPO is open for subscription from September 22 to September 24, 2026. The f...
Read Article
A
SME IPO
LISTED
BSE SME
ANAND
Anand Seamless IPO
Anand Seamless IPO details, live grey market premium (GMP), dates, price band, lot size, subscription & review.
Live GMP Today
₹0
+0.0%
Est. Listing: ₹72.00
Price Band
₹25.52
Per equity share
Lot Size
1578 Shares
Min Invest: ₹2,27,232
Issue Size
₹25.52 Cr
Fresh: ₹25.52 Cr
Issue Dates
21 September 2026 – 23 September 2026
Bidding period
Subscription
1.47x
Total overall demand
Anand Seamless IPO Details
Key facts at a glance| IPO Open Date | 21 September 2026 | IPO Close Date | 23 September 2026 |
|---|---|---|---|
| Basis of Allotment | 24 September 2026 | Listing Date | 28 September 2026 |
| Price Band | ₹25.52 per share | Face Value | ₹10 per share |
| Market Lot Size | 1578 Shares | Min Investment (Retail) | ₹2,27,232 |
| Total Issue Size | ₹25.52 Cr | Issue Type | Book Built Issue IPO |
| Fresh Issue | ₹25.52 Cr | Offer for Sale (OFS) | — |
| Listing At | BSE SME | Issue Category | SME Issue |
| Registrar | MUFG Intime India Pvt. Ltd. | ||
Anand Seamless IPO Timetable (Tentative Dates)
| Event | Tentative Date | Status |
|---|---|---|
| IPO Open Date | 21 September 2026 | Confirmed |
| IPO Close Date | 23 September 2026 | Confirmed |
| Basis of Allotment | 24 September 2026 | Tentative |
| Initiation of Refunds | 28 September 2026 | Tentative |
| Credit of Shares to Demat | 28 September 2026 | Tentative |
| IPO Listing Date | 28 September 2026 | Tentative |
| Cut-off time for UPI Mandate Confirmation | 24 September 2026 (5:00 PM) | Deadline |
* Note: Timelines are tentative and subject to regulatory confirmation. UPI mandate approvals must be completed by 5:00 PM on the IPO closing day.
Anand Seamless IPO Lot Size & Investment Details
Application limits for Retail and HNI investors| Application Category | Lots | Shares | Amount (at Cut-off) |
|---|---|---|---|
| Retail (Min) | 2 Lots | 3,156 Shares | ₹2,27,232 |
| Retail (Max) | 2 Lots | 3,156 Shares | ₹2,27,232 |
| S-HNI (Min) | 3 Lots | 4,734 Shares | ₹3,40,848 |
| S-HNI (Max) | 8 Lots | 12,624 Shares | ₹9,08,928 |
| B-HNI (Min) | 9 Lots | 14,202 Shares | ₹10,22,544 |
Anand Seamless IPO Live GMP & Movement History
Daily unofficial grey market trends
Current Grey Market Premium
₹0 +0.0%
Estimated Listing Price
₹72.00
| Date | IPO GMP (₹) | Estimated Listing Price | Estimated Listing Gain (%) |
|---|---|---|---|
| 18 Sept 2026 | ₹0 | ₹72.00 | +0.00% |
Disclaimer: Grey Market Premium (GMP) figures are purely unofficial and indicative rates traded in the unregulated grey market. GMP is highly volatile and does not guarantee the actual listing price. Always consult a SEBI registered investment advisor before bidding.
Anand Seamless IPO Subscription Status
Demand breakdown by investor category
Retail
0.98x
QIB
—
NII / HNI
1.96x
Total
1.47x
Anand Seamless Company Financials
Restated figures (₹ in Crores)| Period | Total Assets | Total Revenue | Total Expenses | Profit After Tax (PAT) |
|---|---|---|---|---|
| 2024 | 35.55 Cr. | 37.00 Cr. | 32.45 Cr. | 3.36 Cr. |
| 2025 | 52.40 Cr. | 33.64 Cr. | 30.06 Cr. | 2.65 Cr. |
| 2026 | 67.58 Cr. | 56.17 Cr. | 48.73 Cr. | 5.48 Cr. |
* Amounts reported in ₹ Crores as sourced from company regulatory filings (RHP/DRHP).
Anand Seamless IPO Valuation & KPIs
Key metrics pre-issue
EPS
6.50 (Basic)
P/E Ratio
NA
RoNW
28.05%
NAV per share
₹23.17
RoCE
20.66%
RoE
28.05%
Debt to Equity
1.44
PAT Margin
9.75%
EBITDA Margin
18.25%
Anand Seamless Peer Group Comparison
Listed industry peers| Company Name | P/E | EPS (₹) | RoNW (%) | NAV (₹) | Total Income |
|---|---|---|---|---|---|
| Venus Pipes & Tubes Limited | 31.86 | 49.51 | 15.25 | 322.69 | 1178.48 Cr. |
| Gandhi Special Tubes Limited | 15.69 | 56.26 | 21.64 | 260.00 | 203.61 Cr. |
| Ratnamani Metals & Tubes Limited | 34.16 | 68.85 | 13.00 | 586.46 | 4615.91 Cr. |
| Scoda Tubes Limited | 19.62 | 6.79 | 9.95 | 65.15 | 529.22 Cr. |
About Anand Seamless
Anand Seamless is a manufacturer of seamless carbon steel and alloy steel tubes, alongside various types of finned heat exchanger tubes. The company operates a fully integrated manufacturing facility located in Kadi, Gujarat. Its core product portfolio encompasses extruded, low-fin, embedded, welded, crimped, and studded fin tubes, which have diverse applications across multiple process industries. The business primarily caters to heat exchanger fabricators, original equipment manufacturers, and process industry equipment manufacturers requiring specialized tubes as key inputs to meet growing industrial demand. The company generates its revenue through the direct sale of these manufactured tubes and pipes, serving a broad customer base. While the majority of its revenue is derived from the domestic market across various states in India, the business also exports its products to several international markets, including the United States, United Arab Emirates, and Germany.
Key Strengths
- Diversified seamless and finned tube portfolio for various industries.
- Integrated and strategically located manufacturing facility in Gujarat.
- Strong, long-term customer relationships ensuring consistent recurring business.
- Internationally accredited quality assurance driving high product reliability.
- Highly experienced management team leading the steel tube operations.
Key Risks
- High revenue concentration from top customers (59.21% in FY26).
- High dependence on a limited number of raw material suppliers.
- Risk of machinery order delays causing severe project cost overruns.
- Vulnerable to under-utilized existing and newly expanded manufacturing capacity.
- Risk of default on existing secured and unsecured borrowing covenants.
Anand Seamless IPO Reservation & Share Quotas
The Anand Seamless IPO reservation is divided equally between non-institutional investors and retail investors. Each category has been allocated 50% of the offered shares as per the supplied IPO reservation details.
| Investor Category | Share Offered | -% Shares |
|---|---|---|
| NII Shares Offered | 16,83,200 Shares | 50% |
| Retail Shares Offered | 16,83,200 Shares | 50% |
Note: The reservation figures are presented as provided for the Anand Seamless IPO.
Anand Seamless IPO Important Dates
The Anand Seamless IPO is scheduled to open on September 22, 2026 and close on September 24, 2026. The basis of allotment is scheduled for September 25, followed by refunds and credit of shares to Demat accounts on September 28. The IPO is scheduled to list on September 29, 2026.
| Particular | Details |
|---|---|
| IPO Open Date | September 22, 2026 |
| IPO Close Date | September 24, 2026 |
| Basis of Allotment | September 25, 2026 |
| Refunds | September 28, 2026 |
| Credit to Demat Account | September 28, 2026 |
| IPO Listing Date | September 29, 2026 |
Note: IPO dates are based on the supplied Anand Seamless IPO schedule and may be subject to changes announced by the company or stock exchange.
Anand Seamless IPO Important Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 22 Sept 2026 |
| IPO Close Date | 24 Sept 2026 |
| Basis of Allotment | 25 Sept 2026 |
| Refunds | 28 Sept 2026 |
| Credit to Demat Account | 28 Sept 2026 |
| IPO Listing Date | 29 Sept 2026 |
Note: The timeline for ಆನಂದ್ ಸಿಮ್ಲೆಸ್ IPO is tentative and subject to change.
Anand Seamless Objects of the Issue & Utilisation of Proceeds
The proceeds raised through the Anand Seamless IPO are proposed to be used across manufacturing capacity expansion, technology upgrades, debt repayment and general corporate requirements. A portion of the funds is also allocated towards the expenses associated with the issue.
| Purpose | Crores |
|---|---|
| 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 |
| Full or part repayment and/or prepayment of certain outstanding secured and unsecured borrowings availed by the Company | ₹5.73 |
| General Corporate Purpose | ₹3.70 |
| Issue Expenses | ₹3.13 |
Note: The utilisation amounts are based on the purpose-wise details provided for the Anand Seamless IPO.
Anand Seamless Objects of the Issue & Utilisation of Proceeds
| Purpose | Crores |
|---|---|
| Purpose | INR crores (%) |
| Capacity expansion, tech upgradation, and facility support | 13.2 (58.95%) |
| Repayment / pre-payment of borrowings | 5.49 (24.52%) |
| General corporate purposes | 6.59 (25.82%) |
Note: Objectives are as specified in the DRHP/RHP documents of ಆನಂದ್ ಸಿಮ್ಲೆಸ್.
Anand Seamless Company Financial Report
Anand Seamless reported revenue of ₹37.00 crores in 2024, followed by ₹33.64 crores in 2025 and ₹56.17 crores in 2026. Profit after tax stood at ₹3.36 crores, ₹2.65 crores and ₹5.48 crores respectively during these periods, while total assets also increased over the reported period.
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | ₹37.00 | ₹32.45 | ₹3.36 | ₹35.55 |
| 2025 | ₹33.64 | ₹30.06 | ₹2.65 | ₹52.40 |
| 2026 | ₹56.17 | ₹48.73 | ₹5.48 | ₹67.58 |
Note: Financial figures are in ₹ Crores and are based on the financial information provided for Anand Seamless.
Anand Seamless Company Financial Report
| Period | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | 37.00 Cr. | 32.45 Cr. | 3.36 Cr. | 35.55 Cr. |
| 2025 | 33.64 Cr. | 30.06 Cr. | 2.65 Cr. | 52.40 Cr. |
| 2026 | 56.17 Cr. | 48.73 Cr. | 5.48 Cr. | 67.58 Cr. |
Note: Financial numbers for ಆನಂದ್ ಸಿಮ್ಲೆಸ್ are in ₹ Crores unless stated otherwise.
Anand Seamless Company Valuation & Key Performance Indicators
| KPI | Values |
|---|---|
| ROE | 28.05% |
| ROCE | 20.66% |
| EBITDA Margin | 18.25% |
| PAT Margin | 9.75% |
| Debt to Equity Ratio | 1.44 |
| Earning Per Share (EPS) | 6.50 (Basic) |
| Price/Earning P/E Ratio | NA |
| Return on Net Worth (RoNW) | 28.05% |
| Net Asset Value (NAV) | 23.17 |
Note: Valuation KPIs for ಆನಂದ್ ಸಿಮ್ಲೆಸ್ are computed for FY2026.
Anand Seamless Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Venus Pipes & Tubes Limited | 49.51 | 31.86 | 15.25 | 322.69 | 1178.48 Cr. |
| Gandhi Special Tubes Limited | 56.26 | 15.69 | 21.64 | 260.00 | 203.61 Cr. |
| Ratnamani Metals & Tubes Limited | 68.85 | 34.16 | 13.00 | 586.46 | 4615.91 Cr. |
| Scoda Tubes Limited | 6.79 | 19.62 | 9.95 | 65.15 | 529.22 Cr. |
Note: Peer group comparisons for ಆನಂದ್ ಸಿಮ್ಲೆಸ್ are sourced from DRHP filings.
Anand Seamless IPO FAQs
Anand Seamless IPO opens for subscription on 21 September 2026 and closes on 23 September 2026.
The price band for Anand Seamless IPO is set at ₹25.52 per share.
The minimum market lot size is 1578 shares. A retail investor can apply for a minimum of 1 lot requiring an investment of 3,156 Shares (₹2,27,232).
The latest Grey Market Premium (GMP) for Anand Seamless IPO is ₹0. GMP represents the unofficial premium at which shares trade prior to listing.
The basis of allotment for Anand Seamless IPO is tentatively scheduled for 24 September 2026, and shares are expected to list on the stock exchanges on 28 September 2026.
MUFG Intime India Pvt. Ltd. is the official registrar for Anand Seamless IPO. Investors can check their IPO allotment status directly on the registrar's portal once finalized.
Anand Seamless IPO Analysis & Articles